During the second half of 2023, Perpetual Energy Inc. is planning to participate at its 50 per cent working interest in an East Edson drilling program to drill, complete, equip and tie-in an additional four to six (2.0 to 2.8 net) horizontal wells to fill the West Wolf gas plant in order to optimize production and operating costs, meet transportation commitments and maximize natural gas and NGL sales through next winter.
August 4, 2023, 8:33 AM MDT
ARC Resources Ltd. says it continues to evaluate opportunities to supply natural gas to international markets through long-term LNG supply agreements.
August 3, 2023, 10:27 AM MDT
Canadian Natural Resources Limited’s Q2 production was negatively affected by a variety of factors including the wildfires in Western Canada, resulting in an average production impact of approximately 24,400 boe/d.
August 3, 2023, 11:09 AM MDT
Vermilion Energy Inc. saw its international operations output rise by 30 per cent in the second quarter, thanks to robust activity and good prices in Europe and despite the shutdown of its Wandoo platform in Australia taking longer than expected.
August 3, 2023, 2:53 PM MDT
In anticipation of an active industry pipeline maintenance season in British Columbia, Kelt Exploration Ltd. has shifted its Station 2 gas sales exposure this summer to the ACE Chicago gas hub.
August 3, 2023, 5:53 AM MDT
Production for Kiwetinohk Energy Corp. rallied to 20,432 boe/d last quarter from 16,810 boe/d during the same period in 2022.
August 3, 2023, 12 AM MDT
Higher refined product margins were among the reasons adjusted EBITDA for marketing at Gibson Energy Inc. grew by $22 million year-over-year to roughly $34 million last quarter, says the company.
August 2, 2023, 12 AM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
Paramount Resources Ltd.'s operations in the Grande Prairie and Kaybob Regions were significantly interrupted by wildfires in the second quarter that necessitated the temporary shut-in of a number of fields and facilities.
August 2, 2023, 6:51 AM MDT
With the recent volatility in commodity pricing and positive performance of the Pekisko wells drilled in 2023 to date, Pine Cliff Energy Ltd. has elected to defer the drilling of its remaining budgeted one gross (0.7 net) NTU Pekisko oil well until 2024 and replace a portion of this expenditure with recompletion work in the Twining area.
August 2, 2023, 12 AM MDT
Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Imperial Oil Limited posted a sharp Q2 decrease in production year-over year as the timing of planned turnaround activity, production and steam cycle timing at Cold Lake and the absence of unconventional volumes following the sale of XTO Energy Canada in the third quarter of 2022 impacted volumes.
July 28, 2023, 11:25 AM MDT
Advantage Energy Ltd.’s 2023 capital guidance remains between $250 million and $280 million.
July 28, 2023, 12 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
Cenovus Energy Inc. has lowered its 2023 production guidance after the impacts of the Alberta wildfires and a planned turnaround at Foster Creek negatively affected second quarter output, company officials said during a Q2 results conference call this morning.
July 27, 2023, 11:12 AM MDT
Gear Energy Ltd.’s production for the second quarter of 2023 was 5,742 boe/d, a one per cent decrease over the 5,777 boe reported in the second quarter of 2022.
July 27, 2023, 12 AM MDT
Yangarra Resources Ltd. drilled six wells and completed five wells during the quarter.
July 27, 2023, 5:07 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
MEG Energy Corp.’s Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation during the second quarter of 2023 resulting in an increase in the effective royalty rate as expected, said the company.
July 27, 2023, 3:38 PM MDT
Crescent Point Energy Corp. generated $278 million of excess cash flow in second quarter of 2023, driven by strong performance from its liquids rich Kaybob Duvernay assets and its new Montney tight oil assets purchased from Spartan Delta Corp. early in 2023.
July 26, 2023, 7:44 AM MDT
Athabasca Oil Corporation’s Q2 production averaged 34,000 boe/d (93 per cent liquids) consisting of 29,000 bbl/d in Thermal Oil and 5,000 boe/d in Light Oil.
July 26, 2023, 3:43 PM MDT
PrairieSky Royalty Ltd. reported record quarterly average oil royalty production in the second quarter with most of the growth focused on three oil bearing plays.
July 18, 2023, 8:45 AM MDT