Murphy Oil Corporation plans to spend 16 per cent, or US$140 million, of its $840 million to $890 million 2022 capital plan in Canada onshore across the Tupper Montney and Kaybob Duvernay operations.
January 27, 2022, 9:50 AM MST
Canadian National Railway Company is solidifying its position as a dominant heavy crude carrier with the start-up late last year of a new undiluted bitumen unit train facility at Hardisty, which is capable of handling volumes in the range of 40,000 bbls/d, says executive management.
January 26, 2022, 5:17 AM MST
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During the third quarter of 2021, Kiwetinohk Energy Corp. began drilling two Duvernay horizontal wells from an existing pad in the Simonette area.
November 26, 2021, 8:15 AM MST
Razor Energy Corp. will continue the production enhancement activity started in February 2021 and anticipates reactivating 14 wells in Q4 2021.
November 26, 2021, 5:54 AM MST
Hemisphere Energy Corporation increased revenue while lowering net debt for this year’s third quarter, as the company invested $3.32 million in capital expenditures, mostly towards its Atlee Buffalo field operations.
November 19, 2021, 7:18 AM MST
Cordy Oilfield Services Inc. experienced the strongest quarter — in Q3 2021 — since realigning its business in 2015, due to increased energy sector activity, revenue from last year’s Platinum North Resources Ltd. acquisition, and its joint-venture partnership (also completed last year).
November 19, 2021, 7:30 AM MST
Tenaz Energy Corp.’s preliminary 2022 capital budget for development activities is $7.8 million, in line with capital expenditures of about $8 million expected this year.
November 18, 2021, 9:50 AM MST
Leucrotta Exploration Inc. has completed, in early Q4 2021, its four-well Montney test pad drilling at Mica in the third quarter.
November 17, 2021, 8:33 AM MST
DIVERGENT Energy Services Corp.’s largest client plans to continue its coalbed methane workover program for next year at a pace similar to during Q3 2021, says management, barring any potential weather-related disruptions and assuming commodity prices remain strong.
November 17, 2021, 9:09 AM MST
Saturn Oil & Gas Inc. achieved strong operational and financial performance in Q3 with the reporting of the first full quarter following the acquisition earlier this year of assets in the Oxbow area of southeast Saskatchewan.
November 16, 2021, 11:55 AM MST
CES Energy Solutions Corp. realized improvements throughout its business lines during the third quarter amid strengthening industry conditions, notes management, including in Canada where the firm benefitted from increased drilling and completions activity, higher production volumes, and frack-related chemical sales.
November 12, 2021, 11:19 AM MST
Vertex Resource Group Ltd. reported record adjusted EBITDA of $7.6 million compared to $6.8 million in Q3 2020.
November 12, 2021, 5:40 AM MST
Birchcliff Energy Ltd. is currently targeting F&D capital spending of $240 million to $260 million for 2022, which takes into account expected increases in materials, labour and services costs compared to the current year.
November 11, 2021, 12 AM MST
As of Sept. 30, Headwater Exploration Inc. had drilled 30 multilateral horizontal wells in the core development area which has grown oil production from 3,385 bbls/d in the first quarter of 2021 to current levels exceeding 9,000 bbls/d.
November 11, 2021, 12 AM MST
Storm Resources Ltd.’s capital investment is expected to be $115 to $120 million, an increase of $5 million from previous guidance in order to drill and complete an additional well at Umbach.
November 11, 2021, 5:09 AM MST
During Q3 2021, Prairie Provident Resources Inc. incurred $4.7 million of net capital expenditures to drill, complete, equip and tie-in its third and fourth Princess wells to date in 2021.
November 11, 2021, 4:52 AM MST
Freehold Royalties Ltd.’s board has declared a dividend of six cents per share to be paid on Dec. 15, 2021 to shareholders of record on Nov. 30, 2021.
November 11, 2021, 6:32 AM MST