Canadian Natural Resources Limited’s 2020 North America annual natural gas production was strong and in line with 2019 output averaging 1.45 bcf/d, with healthy base production, highly economic volume additions and the acquisition of Painted Pony Energy Ltd. in the second half of the year, resulting in significant exit rate volumes of 1.62 bcf/d in December 2020.
March 4, 2021, 10:53 AM MST
Peyto Exploration & Development Corp. management is optimistic for 2021, with plans to run four drilling rigs throughout the year, including two rigs during spring breakup, as well as one in Sundance and one in Brazeau.
March 4, 2021, 1:04 PM MST
March 4, 2021, 12 AM MST
March 4, 2021, 4:11 AM MST
Athabasca Oil Corporation is forecasting a 2021 capital budget of $100 million ($95 million Thermal Oil and $5 million Light Oil), up from the previous estimate of $75 million.
March 4, 2021, 6:06 AM MST
March 4, 2021, 9:04 AM MST
NuVista Energy Ltd. has increased capital spending for 2021 to between $230 million and $250 million from the original range of $180 million to $200 million.
March 3, 2021, 10:07 AM MST
March 3, 2021, 12 AM MST
Storm Resources Ltd.’s production in the first quarter of 2021 is forecast to average 25,000 to 27,000 boe/d while capital investment is estimated to be $25 million (45 per cent allocated to the Fireweed area).
March 3, 2021, 5:53 AM MST
March 3, 2021, 9:21 AM MST
Kelt Exploration Ltd.’s 2020 capital investment program, excluding dispositions, resulted in proved plus probable reserve additions of 25 million boe in 2020, replacing by a factor of 4.3 times pro-forma 2020 production of 15,940 boe/d that excludes assets sold in August 2020.
March 3, 2021, 12 AM MST
Finishing the $17 billion LNG Canada plant in Kitimat and the associated $6.6 billion Coastal GasLink pipeline on time and on budget promises to be one of the challenges facing LNG Canada’s CEO, Peter Zebedee, thanks to the COVID-19 pandemic.
March 2, 2021, 12 AM MST
March 2, 2021, 12 AM MST
Questerre Energy Corporation has commissioned a report by the International Reference Centre for Life Cycle Products, Services and Systems (CIRAIG) on producing hydrogen, including blue hydrogen, using its zero-emissions natural gas in Quebec.
March 2, 2021, 6:01 AM MST
Chevron Corporation reported higher Canadian production for 2020, including a boost in both liquids and natural gas output.
March 1, 2021, 5:48 AM MST
March 1, 2021, 8:31 AM MST
British Columbia was the only province in Western Canada to report a year-over-year improvement in rig release counts and meterage for January.
February 26, 2021, 10:15 AM MST
NuVista Energy Ltd. is selling its non-core Charlie Lake and Cretaceous Unit assets in the Wembley area, as well as selected water infrastructure assets in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments.
February 26, 2021, 6 AM MST
Enerflex Ltd.’s foray into the energy transition includes decarbonization efforts for the oil and gas sector, as well as strategically focusing on new markets that could benefit from the company’s modular approach to gas processing — including renewable natural gas, hydrogen, carbon capture and storage (CCUS) and biogas processing.
February 26, 2021, 8:48 AM MST
Advantage Oil & Gas Ltd. is reducing its 2021 capital guidance range to $115 million to $135 million from $125 million to $150 million.
February 26, 2021, 6:18 AM MST
Alberta’s natural gas and by-product royalties are forecast to climb to $467 million in 2021/22, $171 million, or 58 per cent higher than 2020/21.
February 25, 2021, 3:35 PM MST
Enerflex Ltd. expects capital expenditures could reach $50 million to $100 million this year, with approximately $20 million to $25 million spent on maintenance capex, and the rest going towards value-added growth projects.
February 25, 2021, 11:15 AM MST
With LNG Canada to be operational by 2025, Trican Well Service Ltd. sees some customers starting to plan out how they will fulfill their production needs once liquefied natural gas exports begin: Good news for Trican.
February 25, 2021, 9:21 AM MST
February 25, 2021, 8:17 AM MST
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