Imperial Oil Limited is a major contributor to surging crude-by-rail traffic out of the Western Canada Sedimentary Basin. The company is working towards utilization of “every bit” of the 210,000 bbl/d loading capacity at its Edmonton terminal, CEO Rich Kruger said on Friday.
November 2, 2018, 11:24 AM MDT
Encana Corporation boosted total production during the third quarter to 378,200 boe/d, up 33 per cent from 284,000 boe/d a year ago, with major increases in Permian and Montney volumes.
November 1, 2018, 11:47 AM MDT
“The market is working” to narrow the dramatic current heavy/light oil price spread, with some producers starting to curtail production, but don’t expect Suncor Energy Inc. to be one of them, CEO Steve Williams said on Thursday.
November 1, 2018, 10:57 AM MDT
Because of challenges associated with historically wide differentials and lack of egress out of Western Canada, Canadian Natural Resources Limited says it will continue to make “strategic decisions” to reduce drilling activity, delay well completions and shut-in production.
November 1, 2018, 11:20 AM MDT
Despite the current headwinds affecting differentials, Canadian Natural Resources Limited delivered strong third quarter results.
November 1, 2018, 11:57 AM MDT
Directors of MEG Energy Corp. repeated their rejection of a $6.4 billion takeover offer from Husky Energy Inc. again Thursday, while reporting good third quarter results.
November 1, 2018, 10:23 AM MDT
Cenovus Energy Inc. has slowed production at both its thermal oilsands projects in order to defer selling into the market until the light/heavy differential narrows.
October 31, 2018, 11:48 AM MDT
Seven Generations Energy Ltd. says it’s encouraged by initial results of a Montney triple-stack test well, a third quarter conference call heard this morning.
October 31, 2018, 10:15 AM MDT
October 25, 2018, 11:52 AM MDT
Vermilion Energy Inc. reported higher financial results across the board for the third quarter of 2018.
October 25, 2018, 6:57 AM MDT
Blackbird Energy Inc. achieved production of 1,991 boe/d (54 per cent liquids) from operated wells for the 200 days it was on production for its fiscal year ended July 31, 2018.
October 4, 2018, 6 AM MDT
Marquee Energy Ltd. signed a purchase and sale agreement on Aug. 29, 2018 to divest approximately 195 boe/d of non-core assets for gross proceeds of $6.6 million.
August 30, 2018, 8:16 AM MDT
Leucrotta Exploration Inc. will drill an exploratory vertical well for a Montney zone below the Lower Montney Turbidite, which it termed the "BLM" zone for Below Lower Montney.
August 29, 2018, 6:57 AM MDT
Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.
August 24, 2018, 9:43 AM MDT
Hemisphere Energy Corporation reported record quarterly average production of 1,053 boe/d (96 per cent oil) for the second quarter, a 76 per cent increase over the second quarter of 2017.
August 24, 2018, 8:59 AM MDT
Iron Bridge Resources Inc. posted a net loss for the second quarter as it slowed the pace of its cryptocurrency venture while seeking an alternative to Velvet Energy Ltd.’s hostile takeover bid.
August 15, 2018, 11:24 AM MDT
Storm Resources Ltd. has finalized a growth plan which will result in the construction of a 50 mmcf/d sour gas plant to develop the Nig land block and the construction of a 50 mmcf/d field compression facility to develop the Fireweed land block.
August 15, 2018, 8:31 AM MDT
TransGlobe Energy Corporation says it has finalized its Cardium drilling program, and is set to kick it off later this month or in early September.
August 14, 2018, 9:17 AM MDT
Chinook Energy Inc. increased production in the second quarter, but losses on take-or-pay processing contracts marred its financial results.
August 14, 2018, 10:42 AM MDT
Surge Energy Inc. says second quarter production exceeded expectations due to excellent development drilling results in all three of its core areas (Sparky, Valhalla and Shaunavon) together with successful waterflood results at Shaunavon and Eyehill.
August 13, 2018, 6:55 AM MDT
Cequence Energy Ltd. says its second quarter liquid volumes rose by 34 per cent over the first quarter of 2018.
August 13, 2018, 9:31 AM MDT
Enerplus Corporation has boosted its 2018 capital guidance to $585 million, which was the top range of the previous guidance of $535-$585 million, largely related to increased non-operated activity.
August 10, 2018, 11:09 AM MDT
Pine Cliff Energy Ltd. noted that AECO gas prices have improved in Q3 from Q2, “but are still not at levels we think will justify producers drilling for dry natural gas in Western Canada.”
August 10, 2018, 12 AM MDT
Altura Energy Inc.’s second quarter production decreased to 991 boe/d from 1,205 boe/d during the comparable period in 2017.
August 10, 2018, 4:07 AM MDT
Tamarack Valley Energy Ltd.’s strong operational execution provides flexibility to allocate capital to projects such as the Veteran waterflood in the latter half of 2018 that will benefit Tamarack into 2019 and 2020 through lower production decline rates without impacting the current year's volumes.
August 10, 2018, 5:48 AM MDT