Petrus Resources Ltd. planned to target Cardium light oil wells in Ferrier with budgeted capital of $25 to $30 million.
November 14, 2018, 9:44 AM MST
Granite Oil Corp. is curtailing capital spending and focusing on reducing debt until market conditions improve.
November 13, 2018, 8:24 AM MST
Responding to widening differentials and capital market uncertainty, NuVista Energy Ltd. is moderating its expected 2019 capital spending and production.
November 12, 2018, 11:07 AM MST
Montney-focused ARC Resources Ltd. achieved record quarterly production of 135,410 boe/d in the third quarter of 2018, up 4.5 per cent from 129,526 boe/d in the comparable 2017 period.
November 9, 2018, 11:20 AM MST
Kelt Exploration Ltd. has approved an initial capital expenditure budget of $270 million for 2019, down from a new forecast of $287 million, net of dispositions, for 2018.
November 9, 2018, 11:45 AM MST
Tamarack Valley Energy Ltd. achieved record production in the third quarter of 2018 as the company increased its oil and natural gas liquids weighting by 12 per cent.
November 9, 2018, 3:34 AM MST
A combination of heavy oil and liquids-rich natural gas development will be the focus of a 2019 capital program of $21 million to $25 million to be funded from adjusted cash flow, says Perpetual Energy Inc.
November 9, 2018, 3:43 AM MST
Enerplus Corporation reaffirmed its 2018 capital spending of $585 million at the same time slightly boosting its production guidance for this year.
November 9, 2018, 11:44 AM MST
Razor Energy Corp. lowered previous annual average production guidance from 5,000 boe/d to 4,850 boe/d, and is reducing capital to $38 million (previous $42 million).
November 9, 2018, 7:04 AM MST
Production from new wells acquired in the Apache Canada Ltd. acquisition and Trilogy Energy Ltd. merger helped boost Paramount Resource Ltd.’s third quarter production.
November 9, 2018, 10:31 AM MST
Bonterra Energy Corp. reported funds flow of $31 million in Q3 2018, or 93 cents per share, 43 per cent higher than $21.7 million in Q3 2017, or 65 cents per share.
November 9, 2018, 7:58 AM MST
Delphi Energy Corp. has closed its previously announced financing comprised of the sale of 15,000 senior secured notes, each with a principal amount of $1,000 and a 10 per cent coupon, for gross proceeds of approximately $15 million.
November 9, 2018, 6:49 AM MST
Peyto Exploration & Development Corp. posted a solid quarter thanks in part by delaying capital spending and curtailing production despite a wet September and low gas prices.
November 8, 2018, 11:59 AM MST
Tourmaline Oil Corp. has set its 2019 capital program at $1.3 billion while average 2019 production has been increased by three per cent to 300,000 boe/d.
November 8, 2018, 12 AM MST
Pengrowth Energy Corporation plans capital spending of $45 million in 2019, down from expected spending of $65 million this year.
November 8, 2018, 10:54 AM MST
Gear Energy Ltd. said it has worked hard through 2018 to unlock significant new reserves that were anticipated to boost fourth quarter production to approximately 9,500 boe per day. However, in light of the current weak pricing environment, that production growth will now be deferred into 2019.
November 8, 2018, 7:38 AM MST
Athabasca Oil Corporation is joining other heavy oil producers and cutting production in order to mitigate the impact of the record-high WCS price discount. The company has also deferred completions on new wells on its Greater Placid Montney acreage in order to focus on maximizing returns.
November 8, 2018, 9:19 AM MST
TransGlobe Energy Corporation’s 2019 capital program of $34.1 million (before capitalized G&A) includes $24.1 million for Egypt and $10 million (C$13 million) for Canada.
November 8, 2018, 7:11 AM MST
Following its recent $320 million acquisition of privately held Mount Bastion Oil and Gas Corp., Surge Energy Inc. has increased 2018 capital expenditures to $117 million from $107 million.
November 8, 2018, 12 AM MST
Yangarra Resources Ltd. has increased its 2018 capital budget to $140 million from $120 million.
November 8, 2018, 3:30 AM MST
Pine Cliff Energy Ltd. is boosting its capital budget in order to drill its first oil well in the fourth quarter of 2018.
November 8, 2018, 3:40 AM MST
In response to weak prices and vast differentials for Canadian heavy crude, Devon Energy Corporation has curtailed output from its Jackfish SAGD complex by about 25,000 bbls/d, company officials said this morning.
November 7, 2018, 11:24 AM MST
Successful execution of its 2018 capital program resulted in a slight increase in liquids production for Journey Energy Inc. in the third quarter of 2018 as three new oil wells placed on production offset natural declines.
November 7, 2018, 12 AM MST
Switzerland-based International Petroleum Corporation says it is realizing success “arresting declines” at the Suffield natural gas assets it purchased from Cenovus Energy Inc. earlier this year.
November 6, 2018, 11:12 AM MST
Oil-weighted TORC Oil & Gas Ltd. executed the largest capital program in the company’s history in the third quarter of 2018 while generating cash flow in excess of the capital program and dividend.
November 6, 2018, 8:44 AM MST