September 21, 2020, 8:28 AM MDT
September 11, 2020, 7:45 AM MDT
Razor Energy Corp. invested $600,000 in the second quarter of 2020, mainly on the South Swan Hills co-produced geothermal power generation project.
August 28, 2020, 7:54 AM MDT
Altura Energy Inc. saw reduced Q2 2020 production due to voluntary production curtailment of around 700 boe/d in response to the severe oil price decline caused by the COVID-19 pandemic and OPEC production quota concerns. In the second half of 2020, though, the company forecasts production volumes to range between 1,000 and 1,100 boe/d.
August 28, 2020, 8:46 AM MDT
Highwood Oil Company Ltd. says it continues to bring on production previously shut-in during April and May as a result of the COVID-19 pandemic with current net production of approximately 1,400 bbl/d of oil compared to capacity of 2,200 bbl/d.
August 28, 2020, 9:32 AM MDT
Natural gas weighted Leucrotta Exploration Inc. increased production to 3,797 boe/d in the second quarter of 2020, up 22 per cent from 3,119 boe/d in the comparable 2019 period.
August 27, 2020, 12 AM MDT
Hemisphere Energy Corporation achieved average production of 1,645 boe/d in Q2 2020, up from 1,317 boe/d in the comparative quarter in 2019 despite the significant drop in oil prices.
August 27, 2020, 9:08 AM MDT
Following the closing of what it called a “transformational acquisition” in the second quarter, Spartan Delta Corp. is aiming to capitalize on both organic growth and strategic acquisitions.
August 20, 2020, 9:42 AM MDT
Success in obtaining additional long term financing with the Business Development Bank of Canada (BDC) should provide the liquidity to enable InPlay Oil Corp. to resume its 2020 development capital program by the end of 2020, says the company.
August 14, 2020, 6 AM MDT
Peyto Exploration & Development Corp. currently has four drilling rigs doing the job of three — operating intermittently in the Greater Sundance and Brazeau core areas. Those rigs could drill 40-per-cent more wells than is planned for 2020, and the company expects them to be at full utilization in 2021 with an expanded capital program.
August 13, 2020, 11:05 AM MDT
As a result of the severe decrease in global commodity prices combined with shut-in production, Bonterra Energy Corp.’s Q2 output was down 20 per cent year-over-year to 10,181 boe/d from 12,674 boe/d during the same period last year.
August 13, 2020, 6 AM MDT
Capital investment in the third quarter for Storm Resources Ltd. is expected to be $10–$15 million, which will include drilling four wells (4.0 net) from an existing pad at Nig Creek plus starting the completions in late September.
August 13, 2020, 7:31 AM MDT
Tamarack Valley Energy Ltd. generated free adjusted funds flow of approximately $14.8 million for the second quarter of 2020 representing a total payout ratio of approximately 30 per cent which it said will be directed to further enhancing its financial position.
August 13, 2020, 7:43 AM MDT
Birchcliff Energy Ltd. believes that commodity prices for natural gas will continue to strengthen towards the end of 2020 and into 2021 as a result of the massive reductions in capital spending throughout North America due to the reduced demand for oil and volatile commodity prices.
August 13, 2020, 9:24 AM MDT
Following the announcement on Monday that it is being acquired by Canadian Natural Resources Limited, Painted Pony Energy Ltd. reported its Q2 results where it reported a higher net loss and negative funds flow.
August 13, 2020, 10 AM MDT
August 13, 2020, 7:33 AM MDT
Pieridae Energy Limited says it expects to have a new engineering, procurement, construction and commissioning (EPCC) contractor in place for its Goldboro LNG project by the end of this month.
August 12, 2020, 11:49 AM MDT
August 12, 2020, 12 AM MDT
August 11, 2020, 7:29 AM MDT
In the Tupper Montney, natural gas production averaged 237 mmcf/d for the quarter, reported Murphy Oil Corporation. No activity occurred in the second quarter, and none is planned for the remainder of 2020.
August 10, 2020, 9:28 AM MDT
Crew Energy Inc. has increased the 2020 exploration and development budget to $75-85 million, reflecting an anticipated 10-day turnaround at the Septimus processing facility and a 30-day turnaround at the McMahon gas plant.
August 10, 2020, 8:59 AM MDT
August 10, 2020, 8:53 AM MDT
August 7, 2020, 7:47 AM MDT
Canadian Natural Resources Limited increased second quarter volumes despite the many challenges related to sinking demand due to the COVID-19 pandemic led by a record performance by the company’s oilsands mining segment.
August 6, 2020, 10:48 AM MDT
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT