Cardinal Energy Inc.’s capital expenditures for the fourth quarter were $41.3 million, consisting of $3.5 million on recompletions and workovers throughout its operating areas combined with $7.9 million on facilities and infrastructure upgrades.
March 18, 2024, 12 AM MDT
Rubellite Energy Inc. expects exploration and development capital spending to be approximately $12 - $13 million in the first quarter of 2024.
March 15, 2024, 12 AM MDT
Rubellite Energy Inc.’s land purchases in the quarter were $1.2 million, bringing total land expenditures for 2023 to $4.0 million.
March 15, 2024, 9 AM MDT
Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.
March 15, 2024, 9:08 AM MDT
For 2024, Canadian oil supply is forecast to grow by 160,000 bbls/d to an annual high of six million bbls/d, according to the International Energy Agency’s (IEA) latest oil market report.
March 14, 2024, 12 AM MDT
As a result of Headwater Exploration Inc.’s success in accumulating incremental lands year to date in 2024, the board of directors has approved an expansion of the company's 2024 capital budget from $180 million to $200 million.
March 8, 2024, 12 AM MST
Headwater Exploration Inc. reported record production of 19,939 boe/d (93 per cent heavy oil), an increase of 28 per cent over 2022 fourth quarter production of 15,546 boe/d (87 per cent heavy oil).
March 8, 2024, 12 AM MST
In the first half of 2024, Surge Energy Inc. continues to execute an active drilling program in both the Sparky and SE Saskatchewan core areas, with 29.7 net wells budgeted to be drilled.
March 7, 2024, 5:23 AM MST
After a tough year in 2023 for its downstream segment, Cenovus Energy Inc. officials say that steps continue to be taken to improve reliability and performance of its refining and upgrading assets.
March 6, 2024, 12 AM MST
Oil supply growth from Western Canada and the Permian is driving optimization and expansion potential for its liquids pipelines business, says Enbridge Inc.
March 6, 2024, 11:11 AM MST
Baytex Energy Corp. exceeded guidance in the fourth quarter 2023, and president and CEO Eric Greager said 2023 demonstrated the strength of its oil-weighted portfolio.
March 5, 2024, 12 AM MST
Enbridge Inc. says that the Canada Energy Regulator (CER) has approved the Mainline tolling negotiated settlement effective until Dec. 31, 2028.
March 4, 2024, 2:46 PM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.
March 4, 2024, 11 AM MST
During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.
March 4, 2024, 3:11 PM MST
With line of sight to the start-up of the Trans Mountain expansion project, market conditions are expected to improve for western Canadian crude producers, say two top oilsands executives.
March 1, 2024, 2:33 PM MST
Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.
March 1, 2024, 10 AM MST
The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
SECURE Energy Services Inc. expects activity levels to remain robust in both the energy and industrial sectors for 2024.
February 26, 2024, 10:39 AM MST
Gibson Energy Inc. posted record financial results in its fourth quarter and full year 2023, thanks to its Gateway Terminal acquisition and in the stability of its overall asset base.
February 23, 2024, 12 AM MST
The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.
February 22, 2024, 5:24 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
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