Pengrowth Energy Corporation has increased its proved reserves by 34 per cent and proved-plus-probable (2P) reserves by 25 per cent, thanks to strong performance on the company’s Lindbergh thermal oil project, says top brass.
August 9, 2019, 6 AM MDT
Bonterra Energy Corp. says its original 2019 capital budget of $57–$77 million remains intact and is expected to be near the low range of guidance.
August 9, 2019, 8:10 AM MDT
Peyto Exploration & Development Corp. continued to focus on development of its liquids-rich Cardium play in the second quarter, despite the slowdown due to spring breakup and extremely wet surface conditions in June.
August 8, 2019, 11:13 AM MDT
Peyto Exploration & Development Corp.’s second quarter production of 81,496 boe/d was down 11 per cent from 91,547 boe/d during the same period last year due to a reduced capital program and lean gas curtailment.
August 8, 2019, 11:37 AM MDT
Pine Cliff Energy Ltd. more than doubled its central Alberta footprint in a deal adding more than 1,600 boe/d in the Pekisko area during the second quarter of 2019.
August 8, 2019, 6 AM MDT
InPlay Oil Corp. drilled two wells (2.0 net) in the second quarter that were originally scheduled for the third quarter.
August 8, 2019, 12 AM MDT
Record quarterly production was delivered during the second quarter of 2019 with an increased weighting to higher netback light oil, reports Gear Energy Ltd.
August 8, 2019, 9:30 AM MDT
NuVista Energy Ltd. continued to advance its Montney program in the second quarter with an emphasis on gaining a better understanding of the lower and middle slices of the play.
August 7, 2019, 10 AM MDT
A shortage of pipeline capacity and regulatory uncertainty in the Canadian energy sector continues to overshadow the company’s operational success, says Bonavista Energy Corporation.
August 7, 2019, 12 AM MDT
Buoyed by an increase of 142 per cent in liquids output to 2,580 bbls/d, Advantage Oil & Gas Ltd. generated adjusted funds flow of 32.77 million in the second quarter of 2019, up from $23.16 million in the comparable 2018 period.
August 7, 2019, 12 AM MDT
More than half the wells drilled on Freehold Royalties Ltd.’s lands were in Saskatchewan and Manitoba in the first six months of the year.
August 7, 2019, 12 AM MDT
Baytex Energy Corp. continues to find success in the East Duvernay shale, solidifying the Pembina area as a highly prospective region for the company, says chief executive Ed LaFehr.
August 2, 2019, 10:01 AM MDT
August 2, 2019, 10:07 AM MDT
August 2, 2019, 10:13 AM MDT
The resolution of the market access issues facing the Canadian oil industry is starting to get “less blurry,” says the president of the country’s largest producer. Tim McKay told Canadian Natural Resources Limited’s second quarter conference call this morning that there is positive momentum on a number of fronts that should help improve market conditions.
August 1, 2019, 11:31 AM MDT
Tourmaline Oil Corp.’s full year exploration and production (E&P) capital budget has been reduced by a further $25 million to $1.125 billion.
August 1, 2019, 12 AM MDT
A first phase of Cardinal Energy Ltd.’s power-generating project went online, helping to lower operating costs and a reliance on the Alberta power grid during the second quarter.
August 1, 2019, 12 AM MDT
Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.
August 1, 2019, 10:10 AM MDT
TORC Oil & Gas Ltd. reported record quarterly production of 28,326 boe/d for Q2, up from 23,059 boe/d in the second quarter of 2018.
August 1, 2019, 12 AM MDT
Perpetual Energy Inc. has reduced its 2019 capital expenditure and adjusted funds flow guidance from $21–$25 million and $22–$27 million, respectively, to $18–$21 million for each due to the 15 per cent decline in NYMEX natural gas price expectations for the remainder of 2019.
August 1, 2019, 10:36 AM MDT
August 1, 2019, 4:46 AM MDT
Encana Corporation’s second quarter Montney production averaged 203,000 boe/d with liquids production averaging 54,000 bbls/d, or 27 per cent of total output from the play.
July 31, 2019, 10:50 AM MDT
Seven Generations Energy Ltd. brought its first full triple-stack pad on production at Nest 3 during the middle of the second quarter of 2019 and company officials say they are encouraged by the results.
July 31, 2019, 11:17 AM MDT
The cautious optimism of MEG Energy Corp.’s initial 2019 capital budget has been pulled back, with the company announcing that it will not sanction $75 million that would have gone towards incremental production growth at its Christina Lake oilsands project.
July 31, 2019, 10:05 AM MDT
In Canada, completion operations on the ConocoPhillips 14-well Montney pad and infrastructure construction progressed as planned with start-up on track for the fourth quarter.
July 30, 2019, 7:11 AM MDT