Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
May 12, 2022, 5:25 AM MDT
Rubellite Energy Inc. has steadily executed its business plan, running a two-rig drilling program since late November.
May 12, 2022, 5:33 AM MDT
Headwater Exploration Inc.'s board of directors has approved an increase in the 2022 capital budget to $230 million from $145 million.
May 12, 2022, 3:11 PM MDT
Headwater Exploration Inc. has continued to be active with its land expansion strategy.
May 12, 2022, 3:25 PM MDT
International Petroleum Corporation says it is still looking for M&A opportunities in Canada and internationally, although it may be more difficult to conclude a deal these days because of seller expectation versus buyer expectation on price.
May 9, 2022, 9:05 AM MDT
Strong operational performance, including record natural gas production, helped drive Canadian Natural Resources Limited’s first quarter production volumes to 1.28 million boe/d, an increase of three per cent over the same period last year.
May 5, 2022, 10:55 AM MDT
Perpetual Energy Inc. saw production levels increase for Q1 2022 thanks to nine (4.5-net) East Edson liquids-rich Wilrich gas wells brought on production during last year, which were partially offset by the Q3 2021 sale of Clearwater assets to Rubellite Energy Inc.
May 5, 2022, 2:19 PM MDT
Baytex Energy Corp. has taken a different approach to wells in the Clearwater, and it has paid off.
April 29, 2022, 3:28 PM MDT
To learn more about the Clearwater resource play view the Daily Oil Bulletin’s new infographic: Capturing the Clearwater.
April 19, 2022, 6 AM MDT
Increasing market access through the Trans Mountain pipeline expansion will result in increasing western Canadian heavy oil production for the remainder of the decade, John Coleman, research director for Wood Mackenzie Ltd., told the 2022 Scotiabank CAPP Energy Symposium on Tuesday.
April 6, 2022, 10:50 AM MDT
Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
Strathcona Resources Ltd. will continue to monitor the market for acquisitions in its three core areas following the recent amalgamations of two assets.
March 16, 2022, 6:17 AM MDT
March 11, 2022, 12 AM MST
Canadian Natural Resources Limited amped up 2021 production to record quarterly and annual levels and achieved output of approximately 1.24 million boe/d, representing an increase of six per cent or approximately 71,000 boe/d over 2020 levels.
March 3, 2022, 11:04 AM MST
Given the changing dynamics of global crude markets, spiking prices and a fast-evolving geopolitical environment driven by the Russian invasion of Ukraine, Canadian Natural Resources Limited’s top executive believes the heavy oil market remains in good shape.
March 3, 2022, 4:17 PM MST
Gibson Energy Inc. says strong performance from its infrastructure segment in part because of contributions from its diluent recovery unit (DRU) which came online in the third quarter backstopped solid Q4 and full-year 2021 financial and operational results.
February 23, 2022, 9:59 AM MST
February 11, 2022, 12 AM MST
International Petroleum Corporation (IPC) will focus 2022 Canadian spending on three properties.
February 9, 2022, 8:15 AM MST
The Western Canadian Select (WCS) differential to West Texas Intermediate (WTI) should average in the $12-$13 range this year as improved egress and strong demand from U.S. Gulf Coast refiners sets the stage for Canadian heavy producers, says Martin King, senior analyst with RBN Energy, LLC.
January 19, 2022, 12 AM MST
Cenovus Energy Inc. has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million.
December 16, 2021, 3:32 PM MST
There will be no curtailment policy in Alberta starting in January 2022, as the provincial government is allowing the policy to expire on Dec. 31, Energy Minister Sonya Savage announced this morning.
December 9, 2021, 10:02 AM MST
Days after the deal closed, safety arose as an important challenge for Cenovus Energy Inc. from the combination with Husky Energy Inc., says Alex Pourbaix, president and chief executive officer.
December 9, 2021, 6:15 AM MST
Part of Cenovus Energy Inc.’s acquisition deal with Husky Energy Inc. included the latter’s downstream assets in Lloydminster — the Husky Oil Refinery on the Alberta side of the border city, and the Husky Energy Upgrader on the Saskatchewan side.
December 9, 2021, 1:46 PM MST
In Alberta, physical markets and regional benchmark prices (WCS) have improved with higher WTI prices. Athabasca Oil Corporation expects current WCS differentials to remain stable with muted industry growth and improving basin egress, including the recently completed Enbridge Inc. Line 3 replacement.
November 3, 2021, 3:34 PM MDT