Hemisphere Energy Corporation purchased mineral rights in a Saskatchewan oil resource play during the year, and kicked off the first quarter of 2024 by successfully drilling a five-well pad (three producers and two injectors) into the pool.
April 18, 2024, 12 AM MDT
Lycos Energy Inc. reported a 100 per cent drilling success rate on its multi-lateral/fishbone, Mannville heavy oil drilling program.
April 18, 2024, 7:05 AM MDT
WTI-WCS differentials have been a bright spot for western Canadian heavy oil producers in recent months, with the spread narrowing well in advance of the Trans Mountain expansion start-up.
April 16, 2024, 6 AM MDT
April 15, 2024, 10:34 AM MDT
For 2024, Canadian oil supply is forecast to grow by 150,000 bbls/d to an annual high of 6 million bbls/d.
April 12, 2024, 4:49 AM MDT
April 11, 2024, 6:28 AM MDT
April 9, 2024, 8:59 AM MDT
Headwater Exploration Inc. reported first quarter average production volumes of approximately 19,500 boe/d, which are in line with guidance and on trend to meet previously announced annualized production guidance of 20,000 boe/d.
April 5, 2024, 12 AM MDT
One issue cited by Deloitte Canada in its latest pricing forecast that could have a significant impact on the sector is deepening concern about limited water supply due to drought conditions in some parts of Western Canada.
April 3, 2024, 7:53 AM MDT
April 3, 2024, 7:27 AM MDT
April 2, 2024, 8:18 AM MDT
March 28, 2024, 5:35 AM MDT
Strathcona Resources Inc.’s anticipated 2024 capital budget of $1.3 billion continues to progress as planned though the company has deferred some activity due to weak natural gas prices.
March 27, 2024, 10:54 AM MDT
Crescent Point Energy Corp.’s low decline Saskatchewan oil assets are expected to deliver 53 per cent of corporate excess cash flow in 2024, despite representing only 27 per cent of the company’s production mix, chief operating officer Ryan Gritzfeldt said at its recent analyst day.
March 25, 2024, 8:34 AM MDT
Crescent Point Energy Corp. is seeing productivity improvements using its own well construction designs on new pads drilled across its recently acquired Montney lands, its technical team told analysts at the company’s investor day on Tuesday.
March 22, 2024, 9:02 AM MDT
March 22, 2024, 5:15 AM MDT
Last year was a transformational one for Source Rock Royalties Ltd., with the company busy on the deal front.
March 20, 2024, 6:12 AM MDT
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
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