September 25, 2023, 10:39 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Obsidian Energy Ltd. hiked its capital budget to $300 million.
September 21, 2023, 6:06 AM MDT
Rubellite Energy Inc. has rig released total of five (5.0 net) multilateral horizontal wells at Figure Lake during the third quarter to date on the new pad located at 15-24-63-18W4 with a total of eight (8.0 net) wells planned.
September 11, 2023, 6:24 AM MDT
Kingston Midstream Limited’s wholly-owned subsidiary, Kingston Midstream Alberta Limited, will acquire Rangeland Midstream Canada Limited, the owner of the Marten Hills Pipeline.
September 5, 2023, 6:40 AM MDT
Rubellite Energy Inc.’s board of directors has approved the addition of the second rig at Figure Lake to expand development capital spending for the remainder of 2023, bringing total expected exploration and development capital spending for 2023 to $54 - $65 million.
August 11, 2023, 6:19 AM MDT
August 11, 2023, 8:43 AM MDT
Journey Energy Inc. reduced its 2023 capital budget to $46 million from $63 million and now anticipates drilling seven (5.6 net) wells in the Medicine Hat and Cherhill pools.
August 10, 2023, 8:13 AM MDT
As a result of strong execution on its thermal in situ growth plan, Canadian Natural Resources Limited expects Q3 average thermal production to be 280,000 bbl/d, which represents growth of approximately 30,000 bbl/d from Q4/22 levels.
August 4, 2023, 12 AM MDT
Headwater Exploration Inc. is lifting its 2023 capital expenditure budget from $200 million to $225 million.
August 4, 2023, 12 AM MDT
Surge Energy Inc. focused a significant portion of its Q2/23 capital expenditures on facility, pipeline and well maintenance work, as well as further land consolidation in SE Saskatchewan.
August 4, 2023, 12 AM MDT
During the second half of 2023, Perpetual Energy Inc. is planning to participate at its 50 per cent working interest in an East Edson drilling program to drill, complete, equip and tie-in an additional four to six (2.0 to 2.8 net) horizontal wells to fill the West Wolf gas plant in order to optimize production and operating costs, meet transportation commitments and maximize natural gas and NGL sales through next winter.
August 4, 2023, 8:33 AM MDT
Canadian Natural Resources Limited’s Q2 production was negatively affected by a variety of factors including the wildfires in Western Canada, resulting in an average production impact of approximately 24,400 boe/d.
August 3, 2023, 11:09 AM MDT
Canadian Natural Resources Limited says the outlook for western Canadian crude producers remains “constructive” and is set up well going into 2024 as the Trans Mountain expansion project is expected to call for line fill in the coming months.
August 3, 2023, 3:57 PM MDT
International Petroleum Corporation (IPC) achieved a major milestone in the second quarter by signing the engineering, procurement and construction (EPC) contract for the central processing facility of the Blackrod Phase 1 project.
August 2, 2023, 12 AM MDT
Higher refined product margins were among the reasons adjusted EBITDA for marketing at Gibson Energy Inc. grew by $22 million year-over-year to roughly $34 million last quarter, says the company.
August 2, 2023, 12 AM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
During the first half of 2023, the potential of Obsidian Energy Ltd.’s Walrus acreage was effectively delineated for future large-scale development.
August 2, 2023, 6:32 AM MDT
August 2, 2023, 12 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
MEG Energy Corp.’s president and CEO says the heavy oil pricing differential likely has widened about as much as it’s going to for the remainder of 2023.
July 28, 2023, 7:26 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
Gear Energy Ltd.’s production for the second quarter of 2023 was 5,742 boe/d, a one per cent decrease over the 5,777 boe reported in the second quarter of 2022.
July 27, 2023, 12 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 AM MDT
Athabasca Oil Corporation pointed to a mix of factors that should keep Western Canadian Select (WCS) prices in a strong position in the second half of 2023 and into 2024.
July 26, 2023, 3:21 PM MDT
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