PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
ARC Resources Ltd.’s full-year 2018 earnings dropped to $213.8 million from $388.9 million a year earlier as decreased unrealized gains on risk management contracts and foreign exchange losses impacted the bottom line.
February 8, 2019, 9:20 AM MST
The CEO of Suncor Energy Inc. expects the Government of Alberta will move quickly on an exit strategy from its mandated oil production curtailment, as unintended consequences of the order are having the opposite of the desired result.
February 6, 2019, 10:59 AM MST
Imperial Oil Limited was ramping up its crude-by-rail activity even faster than expected at the end of 2018, with the company responsible for approximately half of total volumes moving out of Western Canada. But in a dramatic shift, Imperial says it is now rapidly ramping down, and expects to reach zero bbls moving by rail this month.
February 1, 2019, 11:24 AM MST
February 1, 2019, 8:19 AM MST
February 1, 2019, 11:52 AM MST
February 1, 2019, 11:36 AM MST
ConocoPhillips today reported fourth quarter 2018 earnings of $1.9 billion, or $1.61 per share, compared with fourth quarter 2017 earnings of $1.6 billion, or $1.32 per share.
January 31, 2019, 9:53 AM MST
Blackbird Energy Inc. achieved a record average total production of 1,736 boe/d comprised of 47 per cent liquids during its fiscal first quarter ended Oct. 31.
December 24, 2018, 8:30 AM MST
Oilsands producer Connacher Oil and Gas Limited has reported a reduced loss and lower adjusted EBITDA, along with lower daily production for the three and nine months ended Sept. 30, 2018.
December 3, 2018, 7:55 AM MST
Leucrotta Exploration Inc. has signed diversified gas pricing and delivery contracts for 2019 in order to reap the benefits of short-term pricing.
November 29, 2018, 6 AM MST
Ikkuma Resources Corp. shut in a portion of its gas production for the second consecutive quarter due to low gas prices.
November 23, 2018, 8:26 AM MST
A total of 175 (6.3 net) wells were drilled on Freehold Royalties Ltd.’s lands in the third quarter of 2018.
November 16, 2018, 6 AM MST
Birchcliff Energy Ltd. is consolidating its land position in the Montney.
November 15, 2018, 6:40 AM MST
Prairie Provident Resources Inc. is expanding its exploration program at Evi in the fourth quarter of 2018.
November 15, 2018, 10:18 AM MST
Capital investment for Storm Resources Ltd. in 2018 is increasing to $85 million (was $80 million).
November 14, 2018, 8:38 AM MST
Delphi Energy Corp.’s continued success in the development of its liquids-rich Montney play, cost reduction initiatives and the company’s ability to generate marketing income through its excess firm transportation on the Alliance pipeline system have contributed to significant growth in the company’s adjusted funds flow.
November 14, 2018, 9:02 AM MST
Cequence Energy Ltd. is waiting until price differentials improve and AECO gas prices stabilize before bringing new wells on production.
November 14, 2018, 8:19 AM MST
InPlay Oil Corp. announced record production in the third quarter of 4,773 boe/d, up 17 per cent from 4,087 boe/d in the year-prior period.
November 14, 2018, 6 AM MST
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