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
InPlay Oil Corp. is on pace to meet its annual average production guidance while reducing its 2019 capital expenditure program by approximately 11 per cent to $32 million from $36 million.
November 7, 2019, 7:02 PM MST
Lower production and weaker oil prices in the third quarter of 2019 resulted in a loss of $1.28 million (four cents a share) for Bonterra Energy Corp. compared to a profit of $5.76 million in the comparable 2018 period.
November 7, 2019, 7:07 PM MST
Pine Cliff Energy Ltd. says it plans to drill two Pekisko oil wells in the fourth quarter of 2019 starting in mid-November.
November 7, 2019, 12 AM MST
Low seasonal gas prices and shut in production contributed to Pieridae Energy Limited’s $13.2 million net loss in the third quarter of 2019.
November 7, 2019, 4:34 AM MST
While specifics of the 2020 budget are not yet finalized, a capital program of $250 million to $300 million, funded entirely from free cash flow, would add 25,000-30,000 boe/d, said Peyto Exploration & Development Corp. in its third quarter results.
November 6, 2019, 4 PM MST
Third quarter 2019 production for Tourmaline Oil Corp. averaged 289,578 boe/d, up three per cent from the previous quarter and a 14 per cent increase over Q3 2018.
November 6, 2019, 3:32 PM MST
November 6, 2019, 8:02 AM MST
BlackGold underwent its first turnaround during the third quarter of 2019, reported Harvest Operations Corp.
November 6, 2019, 8:18 AM MST
Bonavista Energy Corporation drilled its first Duvernay horizontal well in the third quarter of 2019 as the company continued to focus on its most prolific and profitable opportunities.
November 6, 2019, 9:12 AM MST
Athabasca Oil Corporation reported that the ramp up of new Pad L7 wells at Leismer and a winter program consisting of Placid and Duvernay well completions are expected to sustain production through 2020.
November 6, 2019, 4:58 AM MST
TORC Oil & Gas Ltd. record quarterly production of 28,337 boe/d, up from 28,326 boe/d in the second quarter of 2019 and 27,160 boe/d in the third quarter of 2018.
November 6, 2019, 2:55 PM MST
November 5, 2019, 7:45 AM MST
November 5, 2019, 7:30 AM MST
Surge Energy Inc. says its large original oil in place, light and medium gravity crude oil asset base continues to outperform management's expectations in the third quarter of 2019.
November 5, 2019, 9:32 AM MST
During the third quarter, Journey Energy Inc. began work on a 4.5-megawatt power project at its Countess property.
November 5, 2019, 9:50 AM MST
Crew Energy Inc.’s liquids volumes increased to 29 per cent of production for both the third quarter and year-to-date 2019, compared to 25 per cent during the same period last year, representing a 16 per cent increase.
November 4, 2019, 9:39 AM MST
Obsidian Energy Ltd. has narrowed its expected production range for 2019, reflecting the consistency of its Cardium development program, as well as the impact of its Carrot Creek asset disposition in the first quarter.
November 4, 2019, 10:18 AM MST
Baytex Energy Corp. says that given its strong year-to-date operating performance, the company now expects to exceed its 2019 full-year annual production guidance.
November 1, 2019, 10:17 AM MDT
Although Murphy Oil Corporation continues to be pleased with results from its Kaybob Duvernay program, the U.S.-based company is taking a longer-term approach to ramping up development as it waits for macroeconomic conditions to improve.
November 1, 2019, 7:13 AM MDT