While Cenovus Energy Inc. won’t release its officials 2024 capital budget until next month, company officials expect it to be in the same range as this year at somewhere between $4.5-$5 billion.
November 3, 2023, 12 AM MDT
Canadian Natural Resources Limited reported record production of 1.394 million boe/d in the third quarter of 2023, driven largely by a 44,000 bbls/d year-over-year increase from its thermal oilsands operations.
November 2, 2023, 7:59 AM MDT
Athabasca Oil Corporation believes the recent widening in differentials to US$21/bbl (Q4 strip pricing) is primarily a function of seasonality with refinery downtime and anticipates tightening from current levels in 2024 following the start-up of the Trans Mountain pipeline expansion and new global heavy oil refining capacity.
November 2, 2023, 12 AM MDT
Timing for the first two wells on Onion Lake Thermal’s Pad L is exceeding expectations, said International Petroleum Corporation’s (IPC) top executive.
November 1, 2023, 12 AM MDT
Gibson Energy Inc.’s newly acquired Gateway Terminal in Texas featured highly in the third quarter results for the company by exceeding expectations in its infrastructure segment and market, president and CEO Steve Spaulding told callers in a results phone-in on Tuesday.
October 31, 2023, 3:45 PM MDT
In September, Obsidian Energy Ltd. unveiled an ambitious three-year growth plan under the leadership of its president and CEO, Stephen Loukas — a seasoned executive with a unique background as a partner and portfolio manager with FrontFour Capital Group.
October 30, 2023, 12 AM MDT
While the WTI-WCS price spread has widened in recent weeks to the US$25 range, Imperial Oil Limited’s top executive says that with additional egress options on the horizon, he expects differentials will narrow going forward.
October 30, 2023, 6 AM MDT
Imperial Oil Limited’s Kearl asset set a quarterly production record but the company’s consolidated Q3 output fell by about 7,000 boe/d year-over-year.
October 27, 2023, 10:53 AM MDT
Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.
October 26, 2023, 10:33 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
After recently selling its Marten Hills Pipeline — indeed the company — to Kingston Midstream Limited’s wholly-owned subsidiary, Kingston Midstream Alberta Limited, Rangeland Midstream Canada Limited is well on its way to creating version 2.0 of the company.
October 24, 2023, 6 AM MDT
October 6, 2023, 11:20 AM MDT
October 5, 2023, 12 AM MDT
The U.S. Energy Information Administration (EIA) says OPEC+ production cuts have driven up sour-heavy crude oil prices around the world, a situation that has resulted in an almost twofold increase in Canadian heavy exports from the Gulf Coast.
October 4, 2023, 6 AM MDT
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
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