Natural Gas

  • Strathcona To Focus On Growing Legacy Assets In 2024

    Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.

    November 14, 2023, 7:01 AM MST

  • Birchcliff Starts Planning For Natgas Processing Plant At Elmworth

    As previously disclosed, Birchcliff Energy Ltd. has amassed a significant Montney land position in the Elmworth area of Alberta, which positions the company to continue to drive long-term shareholder value and provides it with a large potential future development area that can supply clean natural gas for many years to come.

    November 14, 2023, 3:13 PM MST

  • Birchcliff Outlines Preliminary Capital Plan For 2024

    Birchcliff Energy Ltd. is targeting F&D capital expenditures of $240 million to $260 million in 2024.

    November 14, 2023, 3:03 PM MST

  • Ridley Island Energy Export Facility To Begin Site Clearing This Month

    AltaGas Ltd. and Royal Vopak announced that site clearing work, including logging, clearing, and drainage activities are expected to start in the coming weeks for the Ridley Island Energy Export Facility (REEF), which will “further solidify the project's readiness prior to reaching a final investment decision (FID) that is expected in the first half of 2024."

    November 14, 2023, 7:13 AM MST

  • TotalEnergies To Buy Texas Gas Power Plants For $635 Million

    November 14, 2023, 6:23 AM MST

  • Kakwa Continues To Drive Questerre Output; Eyeing Carbon Capture

    Consistent with prior periods, Kakwa continued to account for 80 per cent of Questerre Energy Corporation’s production.

    November 14, 2023, 12 AM MST

  • Chevron Resumes Natural Gas Supply From Israel's Tamar Offshore Field

    November 14, 2023, 6:26 AM MST

  • Kiwetinohk Sees Production Climb, Brings On Tony Creek Duvernay Wells In Q3

    Total production for Kiwetinohk Energy Corp. in the third quarter of 2023 averaged 21,218 boe/d, topping the same time last year by 28.7 per cent.

    November 10, 2023, 12 AM MST

  • InPlay Says Facility Upgrades To Assist With Production Improvements

    InPlay Oil Corp. says recent investments made in increasing natural gas takeaway capacity through two facility upgrades in Willesden Green will be important in alleviating potential production issues from third-party facility outages going forward.

    November 10, 2023, 12 AM MST

  • Ovintiv To Focus On Montney Oil Window In 2024

    With lower natural gas prices persisting across North America, Ovintiv Inc. plans on focusing all its drilling efforts in condensate-rich areas of the Montney in 2024, company president and chief executive officer Brendan McCracken told analysts at the company’s third quarter 2023 conference call. 

    November 9, 2023, 8:06 AM MST

  • Keyera CEO: Early On, KAPS Volumes Topping Projections

    Consolidation is helping to drive Key Access Pipeline System (KAPS) volumes higher than initial expectations, according to Keyera Corp. executives.

    November 9, 2023, 12 AM MST

  • Peyto Announces 2024 Preliminary Budget And Plans

    Peyto Exploration & Development Corp.’s preliminary capital budget for 2024 includes a low-risk development program on both the recently acquired Repsol assets and the company’s legacy core properties.

    November 9, 2023, 8:13 AM MST

  • Hedging Gains, Lower Drilling And Completions Costs Help Keep Margins Up At Peyto

    A $36 million hedging gain helped Peyto Exploration & Development Corp. report earnings of $57 million in the third quarter of 2023, despite low benchmark natural gas prices.

    November 9, 2023, 8:26 AM MST

  • Crew Boosts 2023 Capex To Keep Running High-Spec Triple

    Crew Energy Inc. has increased its capital spending outlook for 2023.

    November 9, 2023, 12 AM MST

  • Crew’s Application For Groundbirch Gas Plant Approved

    Crew Energy Inc. received a permit from the British Columbia Energy Regulator (BCER) approving the construction of its planned 180 mmcf per day Groundbirch gas plant as well as 60 well authorization permits, bringing its total to 85 well authorizations in the Groundbirch area.

    November 9, 2023, 12 AM MST

  • Bonterra Drills, Completes First Montney Well

    Bonterra Energy Corp.’s first Montney test well was successfully drilled in the third quarter of 2023 to a total measured depth of approximately 5,500 metres, including the horizontal leg of 3,200 metres, and was drilled under budget.

    November 9, 2023, 12 AM MST

  • Bonterra Boosts Q3 Output

    Capital expenditures for Bonterra Energy Corp. in the quarter totaled $36.1 million, of which $27.5 million was directed to the drilling of 12 gross (11.8 net) operated wells while 13 gross (13.0 net) operated wells were completed, equipped, and tied-in.

    November 9, 2023, 12 AM MST

  • Kelt Outlines ‘Initial’ 2024 Budget

    Kelt Exploration Ltd. outlined an initial capital expenditure budget of $350.0 million for 2024.

    November 9, 2023, 6:13 AM MST

  • Kelt Output Up For Q3

    Kelt Exploration Ltd.'s average production for the three months ended Sept. 30, 2023, was 28,179 boe per day, up nine per cent from average production of 25,791 boe per day during the corresponding period in 2022 and down five per cent from average production of 29,705 boe per day during the second quarter of 2023.

    November 9, 2023, 6:19 AM MST

  • Obsidian Running 4 Rigs As Second Half Program Continues

    With an expanded second half 2023 capital program, Obsidian Energy Ltd.'s drilling preparation and execution began in July and continued through the third quarter, accelerating in October with four rigs in operation across its Peace River, Willesden Green, Pembina and Viking areas.

    November 9, 2023, 7:12 AM MST

  • Conroy Asset Deal: Expanding B.C. Montney Acreage Supports Advantage’s LNG Opportunities

    Advantage Energy Ltd. is expanding its liquids-rich Montney acreage in British Columbia, providing geographic diversification and exposure to Canada’s growing LNG industry via a recent low-cost asset deal, says president and CEO Michael Belenkie, noting the value of these Conroy assets is not contingent on LNG.

    November 8, 2023, 12 AM MST

  • TC Energy Preparing For LNG Canada Start-Up After ‘Mechanical Completion’ On Pipeline

    TC Energy Corporation achieved a “monumental milestone” with the mechanical completion on Coastal GasLink, a feat reached ahead of the company’s year-end target, says president and CEO François Poirier.

    November 8, 2023, 2:41 PM MST

  • NuVista Outlines 2024 Spending Plan

    NuVista Energy Ltd. has outlined its 2024 spending plan and adjusted its capital spending for 2023.

    November 8, 2023, 6:23 AM MST

  • NuVista Reports Record Quarterly Production

    NuVista Energy Ltd. reported a quarterly production record of just over 80,000 boe/d with peak-day rates of approximately 85,000 boe/d.

    November 8, 2023, 6:39 AM MST

  • Production Up At Ovintiv After Finalizing Permian Assets Takeover

    Ovintiv Inc. reported third quarter 2023 production of approximately 572,000 boe/d, up from 516,000 boe/d in the same quarter of 2022, after closing its US$4.4 billion acquisition in the Permian Basin in June.

    November 8, 2023, 8:39 AM MST

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