This is a story with a lot of moving parts, both literally and figuratively.
March 9, 2023, 6 AM MST
Canadian Natural Resources Limited’s top executive says the company is slowly progressing its Clearwater heavy oil play at Smith and continues to learn as it does so.
March 3, 2023, 12 AM MST
In 2022, Hemisphere Energy Corporation invested $18.4 million to drill 13 wells, implement a polymer-surfactant flood in the Upper Mannville F oil pool, upgrade facilities in Atlee Buffalo, purchase land and seismic, and pre-purchase some of the materials for its 2023 drilling program.
February 16, 2023, 7:22 AM MST
Tamarack Valley Energy Ltd. plans to invest capital of $425 to $475 million in 2023, funded entirely through adjusted funds flow and equal to approximately 50 to 60 per cent of total 2023 adjusted funds flow at budget pricing of US$80/bbl WTI and C$4/GJ AECO.
December 7, 2022, 12 AM MST
Hemisphere Energy Corporation’s funds flow from operations of $10.6 million in Q3 2022 was a 162 per cent increase over the comparable period in 2021.
November 17, 2022, 12 AM MST
Cardinal Energy Ltd. announced a 2023 capital budget of $97 million.
November 9, 2022, 12 AM MST
Canadian Natural Resources Limited continues to grow its Clearwater heavy oil play and says the asset competes well for capital within the company’s vast portfolio.
November 4, 2022, 12 AM MDT
October 11, 2022, 5:56 AM MDT
The province of Saskatchewan is continuing to lobby the federal government to include CO2 enhanced oil recovery (EOR) as part of its carbon capture, utilization and storage (CCUS) strategy and fiscal/policy framework, attendees of a Canadian Society for Unconventional Resources (CSUR) Saskatchewan Day virtual event heard this week.
September 29, 2022, 12 AM MDT
Free Rein Resources has closed a financing agreement for its operations in the Golden Spike area southwest of Edmonton.
September 22, 2022, 12 AM MDT
Hemisphere Energy Corporation completed construction of its new injection plant at the Atlee Buffalo F pool battery during the summer and moved into the early stages of tertiary recovery for the pool in August.
September 22, 2022, 7:30 AM MDT
For the second half of 2022, Prairie Provident Resources Inc. expects to focus on reactivations, recompletions and optimization projects while following up on its successful 2021 drilling program in the Princess area, by drilling one (1.0 net) Glauconite formation well.
August 8, 2022, 9:53 AM MDT
Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.
August 4, 2022, 10:45 AM MDT
New highs from the Lloydminster, Saskatchewan area Onion Lake Thermal project helped drive a banner quarter for production by International Petroleum Corporation (IPC) last quarter.
August 4, 2022, 7:07 AM MDT
The Alberta Energy Regulator (AER) has received an application from Suncor Energy Inc. for an Enhanced Solvent Extraction Incorporating Electromagnetic Heating (ESEIEH) project.
June 15, 2022, 9:17 AM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
Strong operational performance, including record natural gas production, helped drive Canadian Natural Resources Limited’s first quarter production volumes to 1.28 million boe/d, an increase of three per cent over the same period last year.
May 5, 2022, 10:55 AM MDT
Although Baytex Energy Corp. is still in the early days of its Clearwater development program at Peavine in the Peace River area, the company is excited about its potential, both in terms of its uniqueness and its resource potential.
April 22, 2022, 6 AM MDT
After an acquisition spree in 2021 and into this year, the Clearwater heavy oil play has emerged as a future growth driver for Tamarack Valley Energy Ltd., says president and CEO Brian Schmidt.
April 21, 2022, 12 AM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement to acquire Rolling Hills Energy Ltd., a privately held pure play Clearwater oil producer, for total consideration of $93.0 million.
April 21, 2022, 6 AM MDT
Clearwater-focused Headwater Exploration Inc. continues its fast-paced development of the play in the Marten Hills area while achieving strong results in its primary development, exploration and waterflood programs.
April 20, 2022, 6 AM MDT
When the Canadian federal budget is released this week, royalty companies will have their eye on any support for techniques that help energy companies reduce carbon emissions.
April 6, 2022, 5:03 PM MDT
Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
Although the oil and gas sector remains pivotal in Saskatchewan’s go-forward plans regarding its economy, jobs and provincial revenues, the province plans to be front-and-centre when it comes to participating in the global energy transition, says Bronwyn Eyre, minister of minister of Energy and Resources.
March 29, 2022, 12 AM MDT