Natural gas prices continued to be extremely weak and volatile during the second quarter with the AECO daily price averaging 98 cents/GJ while the average monthly AECO price was $1.11/GJ, down from $1.84/GJ in the previous quarter but up from 97 cents/GJ in the prior year period.
August 21, 2019, 6 AM MDT
August 19, 2019, 7:10 AM MDT
Enbridge Inc. expects its T-North system in northeastern British Columbia will be back to maximum operating pressure in early November after a sweet natural gas pipeline rupture and fire last year on a 36-inch loop of the T-South system northeast of Prince George.
August 16, 2019, 12 AM MDT
Birchcliff Energy Ltd. is boosting its capital budget to $242 million, up $38 million, in order to drill another seven (7.0) wells in the Peace River area based on strong results in the first half of the year.
August 15, 2019, 12 AM MDT
August 15, 2019, 10:14 AM MDT
August 15, 2019, 6:50 AM MDT
Second-quarter earnings highlighted the challenges of the volatile AECO market as Canadian producers tightened production guidance, reduced spending or deferred projects until the second half of the year — when prices are cautiously expected to improve.
August 14, 2019, 7:59 AM MDT
Tidewater Midstream and Infrastructure Ltd. expects to make a final investment decision within the next 60 to 90 days on whether to proceed with the second phase of its fully-contracted Pipestone gas plant, says its chief executive.
August 14, 2019, 12 AM MDT
Privately-held Jupiter Resources Ltd. shut in on average 40 mmcf equivalent per day in response to the extreme price weakness in the second quarter of 2019, says the company’s chief executive officer.
August 14, 2019, 11 AM MDT
Storm Resources Ltd. has reduced its 2019 capital investment to $110 million from $128 million in response to lower natural gas prices and reduced forecast funds flow due to the multiple outages experienced at Enbridge Inc.’s McMahon gas plant.
August 14, 2019, 9:47 AM MDT
August 14, 2019, 7:32 AM MDT
Corridor Resources Inc. says the New Brunswick government has advised the company that it is unable to consider applications for an exemption to the regional moratorium on hydraulic fracturing as they undertake a consultation process with the New Brunswick First Nations.
August 13, 2019, 8:58 AM MDT
Chinook Energy Inc. says it is “uncertain about our ability to access sufficient capital” to finance the company’s future operations given the continued weakness in the B.C. natural gas price related to export capacity constraints.
August 13, 2019, 12 AM MDT
Oral cross examination for NOVA Gas Transmission Ltd.’s (NGTL) proposed 2021 system expansion project began this morning before the National Energy Board (NEB) in Calgary.
August 12, 2019, 10:16 AM MDT
Inter Pipeline Ltd.’s bulk liquid storage business in Europe stands out as the right asset to monetize as the company funds a substantial growth program in Alberta including the $3.5-billion Heartland Petrochemical Complex (HPC), executives said on Friday.
August 9, 2019, 11:21 AM MDT
Enerflex Ltd. does not intend to increase 2019 capital spending beyond the roughly $160 million laid out at the start of this year, says top brass, but the company still keeps an eye out for promising merger and acquisition deals.
August 9, 2019, 11:47 AM MDT
SemGroup Corporation’s Canadian segment posted a second quarter 2019 profit of $29.67 million, up from $21.45 million in the second quarter of 2018.
August 9, 2019, 10:32 AM MDT
Depending on prices, Bellatrix Exploration Ltd. is looking at going back into the field by the end of September to drill two to five net wells at its Spirit River liquids-rich natural gas play, says its chief executive.
August 8, 2019, 11:03 AM MDT
A Canadian Enerdata weekly survey of Canadian natural gas in storage showed a total of 453.2 bcf of gas in storage for the week ended Aug. 2, 2019, up two per cent from 444.5 bcf the previous week.
August 8, 2019, 10:44 AM MDT
Pine Cliff Energy Ltd. more than doubled its central Alberta footprint in a deal adding more than 1,600 boe/d in the Pekisko area during the second quarter of 2019.
August 8, 2019, 6 AM MDT
August 7, 2019, 7:50 AM MDT
NuVista Energy Ltd. continued to advance its Montney program in the second quarter with an emphasis on gaining a better understanding of the lower and middle slices of the play.
August 7, 2019, 10 AM MDT
A shortage of pipeline capacity and regulatory uncertainty in the Canadian energy sector continues to overshadow the company’s operational success, says Bonavista Energy Corporation.
August 7, 2019, 12 AM MDT
Buoyed by an increase of 142 per cent in liquids output to 2,580 bbls/d, Advantage Oil & Gas Ltd. generated adjusted funds flow of 32.77 million in the second quarter of 2019, up from $23.16 million in the comparable 2018 period.
August 7, 2019, 12 AM MDT
Although International Petroleum Corporation’s (ICP) Onion Lake thermal facility ramp-up was delayed as a result of extreme cold weather and low steam supply water intake rates during the first half of 2019, facility optimization work is ongoing and has allowed steam injection to begin at F-Pad.
August 6, 2019, 11:08 AM MDT