EOR/IOR

  • Crescent Point Reduces Capital Spending By 30 Per Cent, Lowers Dividend

    Drilling and completions will account for 90 per cent of Crescent Point Energy Corp.’s 2019 capital budget of $1.2 billion to $1.3 billion, down about $500 million or 30 per cent from $1.775 billion in 2018, says the company.

    January 15, 2019, 9:19 AM MST

  • Tamarack Valley Approves Reduced Capital Budget Of $170-$180 Million For 2019

    A capital budget of $170 million to $180 million provides for the drilling of 125 net light oil wells in 2019, says Tamarack Valley Energy Ltd.

    January 15, 2019, 10:51 AM MST

  • Oil Majors Enter Direct Air Capture Tech Race With Investment In Carbon Engineering

    Cleantech investment vehicles of U.S. oil majors Chevron Corporation and Occidental Petroleum Corporation have invested an undisclosed sum in Squamish, B.C.-based Carbon Engineering Ltd. to accelerate the commercialization of its direct air capture (DAC) technology that removes CO2 directly from the atmosphere.

    January 9, 2019, 10:53 AM MST

  • Whitecap’s 2019 Budget In Line With 2018 Spending

    Whitecap Resources Inc. has a 2019 capital budget of $425-$475 million for 2019 that includes the drilling of 220 (191.5 net) horizontal wells.

    December 18, 2018, 11:10 AM MST

  • Sask. Issues Details Of Waterflood Program

    The Saskatchewan government recently unveiled a waterflood development program (WDP) and it has now released some more detail.

    December 12, 2018, 12 AM MST

  • Sask. Government Lays Out Waterflood Development Program

    The Saskatchewan government announced plans for a Waterflood Development Program, which will incentivize the conversion of producing wells into waterflood injection wells or the drilling of new dedicated waterflood injection wells.

    December 5, 2018, 11:04 AM MST

  • Vermilion Capitalizes On Spartan Assets

    By increasing its enhanced oil recovery (EOR) in southeast Saskatchewan, Vermilion Energy Inc. hopes to boost oil production.

    November 28, 2018, 8:39 AM MST

  • Pulse Oil Closes Financing

    Pulse Oil Corp. closed a public offering led by Mackie Research Capital Corp. and Pulse's concurrent strategic private placement for gross proceeds of $11.3 million, including the exercise of the over-allotment option under the Offering.

    November 20, 2018, 9:49 AM MST

  • Pulse Updates Well Reactivation Timing

    Pulse Oil Corp. anticipates receiving regulatory approval by the Alberta Energy Regulator (AER) for the transfer of its next Bigoray well, located in the Bigoray Nisku E Pool, to be reactivated from the Orphan Well Association (OWA), by Oct. 23, 2018.

    October 9, 2018, 7:13 AM MDT

  • ‘Good Progress’ On Phase Two Of Bigoray EOR

    Phase Two of the Bigoray enhanced oil recovery (EOR) modelling project is making good progress with Pulse Oil Corp.  having now completed the 3D seismic reprocessing portion of the project, covering all of the company’s two Nisku Pinnacle Reefs.

    September 18, 2018, 8:09 AM MDT

  • Enhance Energy Completes Project Development Deal For Alberta Carbon Trunk Line

    Enhance Energy Inc. has completed all required arrangements related to the previously announced project development and co-ordination agreement and long-term service agreement for the construction and operation of the Alberta Carbon Trunk Line (ACTL) with Wolf Carbon Solutions Inc.

    September 17, 2018, 10:36 AM MDT

  • New Owners Finding Value In Former Cenovus Assets

    Operators who acquired assets that Cenovus Energy Inc. was selling to pay for last year’s $17.7 billion acquisition of ConocoPhillips oilsands and Deep Basin properties have wasted no time in working to add value to their acquisitions.

    September 12, 2018, 7:22 AM MDT

  • Pulse Oil Completes Bigoray Phase One EOR Modeling Project

    Pulse Oil Corp., via its contracted technical consultant announced on May 7, 2018, has completed Phase One of the Bigoray enhanced oil recovery (EOR) modeling project.

    August 27, 2018, 7:10 AM MDT

  • ACTL Creating ‘New Industry’: Exec

    The Alberta Carbon Trunk Line (ACTL) project will mark the beginning of a new industry in the province that could ultimately lead to one billion bbls of oil being recovered from reservoirs in central Alberta, says an executive with one of the companies involved in the project.

    August 17, 2018, 7:49 AM MDT

  • IPC Focuses On Gas Optimization Program At Suffield

    International Petroleum Corporation’s (IPC) second quarter Canadian natural gas production at Suffield of 17,800 boe/d outperformed guidance due to strong recovery with the warmer weather and successful gas optimization campaign results to date.

    August 7, 2018, 10:26 AM MDT

  • Enhance Energy, Wolf Midstream In Deal To Finance, Build, Carbon Trunk Line

    Enhance Energy Inc. and Wolf Carbon Solutions Inc. have entered into a project development and co-ordination agreement related to the construction and operation of the Alberta Carbon Trunk Line (ACTL).

    August 3, 2018, 3:23 AM MDT

  • Pulse Oil Adds Production By Reactivating Shut-In Well

    Pulse Oil Corp. recently added approximately 100 bbls/d oil by reactivating another previously shut-in well from Pulse's 100 per cent owned Bigoray area oil assets.

    July 30, 2018, 9:39 AM MDT

  • Hemisphere Begins Southern Alberta Drill Program

    Hemisphere Energy Corporation has continued to see operational and waterflood success through the first two quarters of 2018 with stable field production rates for the month of June to date estimated at 1,090 boe/d, 97 per cent oil.

    June 20, 2018, 8:01 AM MDT

  • Selling Gilby Duvernay One Of Several Options: Journey

    Journey Energy Inc. is still mulling over how best to approach its emerging Duvernay play at Gilby in central Alberta, shareholders heard on Wednesday.

    May 25, 2018, 6 AM MDT

  • Cardinal Bullish On Midale’s Potential, Installing Gas Turbine At Mitsue

    A one per cent increase in light oil recovery from its Midale area would replace Cardinal Energy Ltd.’s production for the year, shareholders heard on Thursday.

    May 18, 2018, 6 AM MDT

  • Perpetual Defers Gas Spending, Reports Strong Heavy Oil Economics

    Perpetual Energy Inc. expects to spend roughly one-third as much capital this year as in 2017, and is ruling out a production increase following shut-ins, shareholders heard on Wednesday.

    May 17, 2018, 8:46 AM MDT

  • Schlumberger Awarded Pulse Oil Bigoray EOR Modelling Contracts

    Pulse Oil Corp. says that it has awarded Schlumberger the contracts to complete all three phases of Pulse’s petrotechnical modelling of the Nisku D and E Pools at Bigoray, Alta., prior to physical implementation of EOR (enhanced oil recovery) schemes.

    May 7, 2018, 9:01 AM MDT

  • Completion Of CO2 EOR Pipeline Slated For Q3 2019

    As the NWR Sturgeon refinery near Edmonton nears completion, a pipeline to transport carbon dioxide captured from the plant is scheduled to eventually be built.

    May 4, 2018, 11:29 AM MDT

  • Devon Planning Hot Water Vapour Test For Post-CHOPS

    Devon Canada Corporation has applied to the Alberta Energy Regulator (AER) to conduct a single-well test of a technology it calls “a major opportunity” to improve recovery of conventional heavy oil.

    April 2, 2018, 10:23 AM MDT

  • Pulse Oil’s Phase 1 Bigoray EOR Project Is Underway

    Pulse Oil Corp. has started Phase 1 of the Bigoray Nisku Pinnacle Reef enhanced oil recovery (EOR) project in the Bigoray area of Alberta.

    March 26, 2018, 8:16 AM MDT