The symbiotic Clearwater heavy oil coupling of PrairieSky Royalty Ltd. and privately-held Spur Petroleum Ltd. continues to pay dividends, the top executives of both companies said during PrairieSky’s investor day in Toronto Wednesday.
May 18, 2023, 6 AM MDT
Baytex Energy Corp. reported that the ongoing wildfires are impacting its operations in the Peace River and Peavine regions of northwest Alberta.
May 15, 2023, 1 PM MDT
May 15, 2023, 12 AM MDT
A heavy oil production hike drove 64 per cent year-over-year overall production gains for Tamarack Valley Energy Ltd. in the first three months of 2023.
May 12, 2023, 7:44 AM MDT
TC Energy Corporation continues to progress its remediation at the Keystone Milepost-14 incident site in Washington County, Kansas.
May 12, 2023, 3:24 PM MDT
Rubellite Energy Inc.’s board of directors has approved capital spending for the remainder of 2023 of $30 to $32 million to drill, complete, equip and tie-in an additional 17 (17.0 net) multi-lateral development / step-out wells at Figure Lake and $4 to $6 million to drill up to three (2.0 net) multi-lateral Northern exploratory wells.
May 12, 2023, 12 AM MDT
Headwater Exploration Inc. has continued to report exceptional success in the Marten Hills West area.
May 12, 2023, 12 AM MDT
Cardinal Energy Ltd.’s production increased five per cent over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across its asset base.
May 12, 2023, 6:23 AM MDT
Athabasca Oil Corporation expects Western Canadian Select (WCS) prices to strengthen in the back half of 2023 and into 2024.
May 11, 2023, 6:11 AM MDT
Enbridge Inc.’s liquids pipelines segment continues to advance the company’s U.S. Gulf Coast export strategy and the recent sanctioning of the Enbridge Houston Oil Terminal (EHOT) will strengthen the full-path service offering and “furthers our world-class export platform,” says Greg Ebel, president and CEO.
May 8, 2023, 6 AM MDT
Pembina Pipeline Corporation’s total volumes of 3.188 million boe/d for the first quarter dropped five per cent over the same period in 2022.
May 8, 2023, 6 AM MDT
Enbridge Inc.’s top executive says the agreement in principle with shippers on a negotiated settlement on the Mainline liquids system is a “win-win-win for us, our customers and the markets we serve.”
May 5, 2023, 10:29 AM MDT
Canadian Natural Resources Limited continues to advance its strategic growth plan for its thermal in situ, and production in Q4/23 is targeted to average approximately 280,000 bbls/d, representing growth of approximately 30,000 bbls/d from fourth quarter 2022 levels, inclusive of natural field declines.
May 5, 2023, 12 AM MDT
Baytex Energy Corp. reported strong results from its Peavine Clearwater development during the first quarter, and is also encouraged by a Clearwater equivalent test well at Morinville as well as early results in the Duvernay.
May 5, 2023, 11:20 AM MDT
Perpetual Energy Inc. invested $9.1 million in exploration and development spending in Q1 to drill, complete, equip and tie-in a two (1.0 net) well pad at East Edson, targeting the Wilrich formation, and install related pipeline infrastructure.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited delivered record natural gas production in the first quarter and boosted overall volumes to 1.32 million boe/d from 1.28 million boe/d during the comparable period in 2022, representing a three per cent year-over-year increase.
May 4, 2023, 10:32 AM MDT
Obsidian Energy Ltd. says its active first quarter 2023 capital development continued the momentum from its 2022 program, resulting in drilling results with strong initial production (IP) rates.
May 4, 2023, 7:18 AM MDT
In light of ongoing commodity price volatility, Gear Energy Ltd. has strategically reduced its planned 2023 capital expenditures by 12 per cent to $58 million.
May 4, 2023, 7:44 AM MDT
May 1, 2023, 12 AM MDT
TC Energy Corporation and the Pipeline and Hazardous Materials Safety Administration (PHMSA) received the independent, third-party Root Cause Failure Analysis (RCFA) for the Milepost 14 incident on the Cushing Extension of the Keystone Pipeline System.
April 21, 2023, 12:33 PM MDT
April 5, 2023, 7:27 AM MDT
The aftershock of Sunday’s OPEC+ announcement that it would further curtail crude output by more than one million bbls/d threw the oil market into unexpected upward flux Monday, as both West Texas Intermediate (WTI) and Brent gained more than six per cent on the news.
April 4, 2023, 11:03 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 31, 2023, 6 AM MDT
March 31, 2023, 7:32 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 30, 2023, 12 AM MDT
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