Non-operated production interruptions in the Swan Hills and Kaybob areas in the third quarter of 2019 adversely affected Razor Energy Corp. production which was down 17 per cent from the previous year.
December 2, 2019, 9:29 AM MST
Leucrotta Exploration Inc. says it has been able to materially derisk a large light oil resource in the Lower Montney over a minimum of 140 net sections of land.
November 27, 2019, 9:38 AM MST
Cardinal Energy Ltd. increased its capital budget to $62 million, from $52 million to start a multi-well drilling program fulfilling land earning farm-in commitments late in the third quarter.
November 27, 2019, 6 AM MST
Cequence Energy Ltd. completed scheduled turnarounds at two facilities reducing its third quarter production by approximately 365 boe/d.
November 18, 2019, 10:20 AM MST
Questerre Energy has reported a net profit of $1.33 million for the third quarter of 2019 compared to a loss of $2.02 million in the comparable 2018 period and a loss of $1.7 million year-to-date (2018-$1.39 million loss).
November 18, 2019, 3:08 PM MST
Birchcliff Energy Ltd. is currently in the process of finalizing its capital spending plans for 2020.
November 15, 2019, 7:33 AM MST
Prairie Provident Resources Inc. has deferred plans to drill one well to the first quarter of 2020 due to the widening of the WCS differentials.
November 15, 2019, 10:11 AM MST
Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.
November 14, 2019, 8:28 AM MST
Zargon Oil & Gas Ltd. says it remains committed to reducing its inactive well count in order to facilitate possible business combinations with other small producers.
November 14, 2019, 8:47 AM MST
Pipestone Energy Corp. is forecast to complete the previously disclosed scope of its 2019 capital program well under its capital guidance range of $145 to $155 million.
November 14, 2019, 9:08 AM MST
Bellatrix Exploration Ltd. said that on Nov. 8, 2019, the Toronto Stock Exchange (TSX) delisted the common shares of Bellatrix as a result of the company’s initiation of creditor protection proceedings, as previously announced on Oct. 2, 2019.
November 14, 2019, 10:33 AM MST
Capital investment for Storm Resources Ltd. in 2020 is expected to be $75–$90 million (previous estimate was $80 million), which will be approximately equal to estimated funds flow at current strip pricing.
November 13, 2019, 8:36 AM MST
Petrus Resources Ltd.’s board of directors has approved a fourth quarter 2019 capital budget of $5.5 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
November 13, 2019, 9:31 AM MST
NuVista Energy Ltd. plans to spend $300-$330 million in 2020 to achieve a production guidance range of 57,000 to 61,000 boe/d, with approximately 60 per cent of wells drilled next year in the Pipestone area.
November 12, 2019, 10:44 AM MST
Altura Energy Inc. brought two 1.5-mile extended reach horizontal (ERH) wells at Leduc-Woodbend on production in August.
November 12, 2019, 10:18 AM MST
Perpetual Energy Inc. has laid off one-quarter of its workforce while downgrading its 2019 guidance, the company announced in its third quarter results release.
November 11, 2019, 9:10 AM MST
Chinook Energy Inc. has established a special committee consisting of three directors to review available strategic alternatives, the company said in its third quarter release.
November 11, 2019, 10:38 AM MST
Enerplus Corporation’s third quarter production increased year-over-year on the growth of oil and natural gas liquids in North Dakota.
November 11, 2019, 11:15 AM MST
ARC Resources Ltd. invested $161.9 million in the third quarter of 2019 to drill 26 wells (14 liquids-rich wells and 12 oil wells) and complete 29 wells.
November 8, 2019, 12 AM MST
Delphi Energy Corp. plans to begin its winter capital program in December, assuming its proposed recapitalization transaction becomes effective.
November 8, 2019, 10:27 AM MST
Seven Generations Energy Ltd. is budgeting $1.1 billion for capital spending in 2020, down 12 per cent from its 2019 capital plan of $1.25 billion, reflecting its reduced sustaining capital requirements and continued commitment to generating free cash flow.
November 7, 2019, 10:56 AM MST
As a result of “capital efficiencies” in its 2019 capital program, Paramount Resources Ltd. has accelerated drilling operations for 10 (10.0 net) Montney wells at Karr into the fourth quarter of 2019 that were originally scheduled for 2020, while maintaining its 2019 base capital budget at $350 million.
November 7, 2019, 7:39 AM MST
Painted Pony Energy Ltd. invested $23 million of capital during the third quarter of 2019, which included drilling 5.0 net wells and completing 4.0 net wells for a combined cost of $16 million.
November 7, 2019, 8:24 AM MST
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
Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million
November 7, 2019, 6:54 PM MST