• Tamarack Valley To Spend $170-$180MM For 2020

    Tamarack Valley Energy Ltd. announced a 2020 budget between $170 and $180 million which is forecast to maintain volumes consistent with the company’s 2019 annual average production of 23,500 to 24,500 boe/d (64 to 66 per cent oil and NGL).

    January 10, 2020, 12 AM MST

  • Tamarack Valley Sets ‘Conservative’ Preliminary 2020 Budget

    Tamarack Valley Energy Ltd. says its preliminary 2020 budget anticipates that capital expenditures and average production will remain consistent with 2019 levels and range between $170 million and $180 million and 23,500 to 24,500 boe/d, respectively, while the oil and NGL weighting is expected to increase to a range of 64–66 per cent.

    November 7, 2019, 11:33 AM MST

  • Waterflood Results Aid Surge Production

    Surge Energy Inc. says its large original oil in place, light and medium gravity crude oil asset base continues to outperform management's expectations in the third quarter of 2019.

    November 5, 2019, 9:32 AM MST

  • Whitecap ‘Geared Up’ For Active Second Half

    Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.

    August 1, 2019, 10:10 AM MDT

  • Related Sturgeon Projects Not Sidelined By Setbacks

    The ongoing delays in the start-up of the Sturgeon Refinery will have little impact on a related project aimed at delivering CO2 about 250 kilometres to EOR-suited reservoirs, says the head of the company involved in the project.

    June 20, 2019, 11:05 AM MDT

  • Crescent Point Reiterates Commitment To Change, AGM Hears

    Crescent Point Energy Corp.’s commitment to change was such a key theme at Friday’s annual general meeting, president and CEO Craig Bryksa made a point of saying twice to shareholders the following statement:

    June 17, 2019, 10:17 AM MDT

  • Cleantech Growth – Building On Alberta’s Fossil Heritage – Part 2

    In Part 1 of our series, Richard Admson began to frame the challenge facing industrial producers around the world and began to set the table for Alberta having the potential to be a leading home for future investments in an emissions-constrained world. Today, in Part 2, he looks at some of the components of “Clean-tech” that supports this future, their status and where they may be going over the next years and decades.

    May 30, 2019, 9:12 AM MDT

  • Quest CCS Reports Milestone Of Four Million Tonnes

    The Quest carbon capture and storage (CCS) facility has captured and safely stored four million tonnes of CO2, ahead of schedule and at a lower cost than anticipated, reported Royal Dutch Shell plc.

    May 23, 2019, 3:34 AM MDT

  • Tamarack Valley Waterflood To Have ‘Significant’ Effect On Company Sustainability, Says CEO

    A $30 million investment in 2018 in a waterflood at Tamarack Valley Energy Ltd.’s Viking light oil play at Veteran in central Alberta should pay dividends next year, shareholders heard Monday.

    May 14, 2019, 6 AM MDT

  • Tamarack Valley To Review Spending For Second Half

    Tamarack Valley Energy Ltd. will re-evaluate its capital allocation strategy in the second half of 2019 to determine whether changes are required to its original capital budget of $170 to $180 million based on the status of the curtailment order and the commodity price outlook.

    May 10, 2019, 7:30 AM MDT

  • IPC’s US$22 Million Capex Increase To Focus On Canadian Assets

    International Petroleum Corporation (IPC) says it has identified two potential new conventional oil plays on properties acquired as part of the BlackPearl Resources Inc. transaction and the company plans to drill five wells that, in the success case, could identify up to 130 conventional oil drilling locations.

    May 9, 2019, 12 AM MDT

  • Granite Completes Well Test

    In April, Granite Oil Corp. successfully drilled and completed one development well in the Western portion of its Alberta Bakken property.

    May 2, 2019, 8:30 AM MDT

  • Whitecap Chief Executive Discusses CO2 Injection, Election

    The head of Calgary-based Whitecap Resources Inc. says the company is interested in investing in other CO2 injection projects, especially now that a CO2 pipeline is being built in Alberta.

    April 26, 2019, 6 AM MDT

  • 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