Pieridae Energy Limited showed resilience in its Q3 2020 results during a time of COVID-19 and harsh impacts on the energy sector, says management, even as the company completed planned asset maintenance in the quarter that had been deferred due to the pandemic.
November 13, 2020, 9:52 AM MST
The fourth quarter of 2020 includes a planned development capital program by InPlay Oil Corp. that begins with the drilling of three 100 per cent working interest ERH Cardium wells in Willesden Green and construction of the associated required infrastructure.
November 13, 2020, 5:32 AM MST
Prairie Provident Resources Inc. announced that Tim Granger, chief executive officer and a director of the company, has decided to retire after almost eight years of service to PPR and its predecessor, Lone Pine Resources.
November 13, 2020, 9:14 AM MST
November 13, 2020, 7:37 AM MST
Peyto Exploration & Development Corp. increased drilling activity in the third quarter with four drilling rigs active across the company’s Deep Basin core areas.
November 12, 2020, 11:12 AM MST
Although lower than the same quarter of 2019, there were 32 (2.1 net) wells drilled on Freehold Royalties Ltd.’s royalty lands in Q3 2020.
November 12, 2020, 12 AM MST
The results from Birchcliff Energy Ltd.’s 14-well pad demonstrate the extension of the Gordondale light oil pool into the northeastern area of Pouce Coupe, which provides the company with significantly more potential condensate/light oil drilling opportunities.
November 12, 2020, 3:48 PM MST
Tourmaline Oil Corp. spin-off Topaz Energy Corp. generated revenue and other income of $26.4 million and $69.2 million for the three and nine months ended Sep. 30, 2020, respectively.
November 12, 2020, 7:58 AM MST
Third quarter activity for Tamarack Valley Energy Ltd. included investment of $10.4 million in exploration and development capital expenditures, directed to the equipping of one (1.0 net) Banff oil well plus continued investment in its Veteran Viking waterflood program with the drilling, completion and tie-in of a six-well pad along with one water source well.
November 11, 2020, 6:37 AM MST
During September 2020 Pipestone Energy Corp. re-started its drilling program with two wells drilled and rig released from the 3-12 pad.
November 11, 2020, 8:20 AM MST
Kelt Exploration Ltd. has approved a capital expenditure budget of $90 million for 2021.
November 10, 2020, 7:25 AM MST
Crew Energy Inc. production for the first nine months of this year exceeded the guidance, due to gathering-system improvements in the firm’s ultra-condensate rich (UCR) area and better-than-expected well performance from both the 3-32 pad and from two new Lloydminster heavy-oil wells drilled during the first quarter.
November 10, 2020, 12 AM MST
Having successfully secured the EDC and BDC programs, Bonterra Energy Corp. resumed its winter capital program subsequent to the end of the quarter, which is expected to help bring its production back to pre-COVID-19 levels.
November 10, 2020, 5:10 AM MST
TORC Oil & Gas Ltd.’s third quarter production averaged 24,995 boe/d (2019-28,337) with the continued strong performance from the company's successful first quarter drilling program and the long history of managing the production decline profile.
November 10, 2020, 12 AM MST
November 10, 2020, 7:55 AM MST
Enerplus Corporation has increased its 2020 annual production guidance following a successful North Dakota well program, which is outperforming expectations.
November 9, 2020, 6 AM MST
During the fourth quarter, Vermilion Energy Inc. started a moderate investment into new well activity with two rigs in Alberta targeting liquids-rich gas.
November 9, 2020, 7:33 AM MST
Improving industry demand resulted in the addition of a fourth fracturing crew in early October, said Trican Well Service Ltd.
November 6, 2020, 9:50 AM MST
ARC Resources Ltd. has approved a capital budget for 2021 that will range from $375 million to $425 million and focus on maximizing the generation of surplus funds from operations.
November 6, 2020, 5:41 AM MST
Paramount Resources Ltd., in collaboration with its vendors, has received approval for up to approximately $10 million of funding under the Alberta Site Rehabilitation Program (SRP) to date.
November 6, 2020, 7:36 AM MST
Cardinal Energy Ltd.’s Q3 2020 capital program included one Southern Alberta land-earning well completion, CO2 injection expenditures required for the enhanced oil recovery (EOR) project at Midale, Sask., as well as miscellaneous expenditures on recompletions and facility and pipeline integrity projects throughout the firm’s operations.
November 6, 2020, 6 AM MST
Given the recent surge in North American merger and acquisition (M&A) activity including the blockbuster merger between Cenovus Energy Inc. and Husky Energy Inc., Canadian Natural Resource Limited’s top official believes it’s a trend that’s set to continue.
November 5, 2020, 11:47 AM MST
Murphy Oil Corporation’s Duvernay shale assets at Kaybob are performing extremely well with production of 13,000 boe/d in the third quarter of 2020, giving the company considerable future flexibility, says the company’s chief executive.
November 5, 2020, 11:15 AM MST
Spartan Delta Corp.’s capital expenditures are budgeted to be $40 – $43 million in 2021 and are expected to be fully funded by cash provided by operating activities.
November 5, 2020, 6:29 AM MST
Tourmaline Oil Corp.’s 2020 EP capital program has been increased to $835 million from $800 million.
November 4, 2020, 4:17 PM MST
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