During the second half of 2022, Rubellite Energy Inc. plans to spend approximately $24 to $26 million to continue its two-rig drilling program into the fourth quarter of 2022 to drill, complete, equip and tie-in 20 (17.2 net) multi-lateral horizontal wells planned in its three core operating areas at Ukalta, Figure Lake and Marten Hills.
August 10, 2022, 3:26 PM MDT
Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).
August 10, 2022, 3:34 PM MDT
Canadian Natural Resources Limited continued to benefit from its diverse marketing scheme and production mix in the second quarter as natural gas and synthetic crude oil prices strengthened, says company president Tim McKay.
August 5, 2022, 12 AM MDT
Headwater Exploration Inc. currently has three drilling rigs active and will be adding a fourth drilling rig in the coming weeks.
August 5, 2022, 12 AM MDT
Canadian Natural Resources Limited’s top executive says the Clearwater play continues to evolve and gain importance in the company’s heavy oil portfolio.
August 4, 2022, 2:20 PM MDT
Canadian Natural Resources Limited has increased its 2022 capital budget to $4.92 billion from $4.35 billion as the company looks to “capture additional value by accelerating strategic growth opportunities” within its large and diverse asset base and to account for inflationary pressures.
August 4, 2022, 2:05 PM MDT
Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.
August 4, 2022, 10:45 AM MDT
New highs from the Lloydminster, Saskatchewan area Onion Lake Thermal project helped drive a banner quarter for production by International Petroleum Corporation (IPC) last quarter.
August 4, 2022, 7:07 AM MDT
Tamarack Valley Energy Ltd.’s exploration and development capital expenditures for the second half of 2022 have been updated to a range of $160-$170 million, totalling $340-$360 million for the year.
July 29, 2022, 12 AM MDT
Cardinal Energy Ltd. announced a $30 million increase to its 2022 capital budget.
July 29, 2022, 12 AM MDT
Athabasca Oil Corporation is increasing its financial forecasts for 2022 based on strong operational performance and updated pricing assumptions.
July 28, 2022, 12 AM MDT
Martin King has seen numerous cycles in the crude oil and natural gas markets over his approximately three decades of tracking and analyzing the sector, but the senior analyst at RBN Energy, LLC says the current cycle stands out on many different levels.
July 27, 2022, 12 AM MDT
Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.
June 17, 2022, 12 AM MDT
June 9, 2022, 6 AM MDT
At Leismer, Athabasca Oil Corporation successfully completed a two-week plant turnaround on schedule and on budget in May.
June 6, 2022, 4:21 AM MDT
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
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