As a result of Headwater Exploration Inc.’s success in accumulating incremental lands year to date in 2024, the board of directors has approved an expansion of the company's 2024 capital budget from $180 million to $200 million.
March 8, 2024, 12 AM MST
Headwater Exploration Inc. reported record production of 19,939 boe/d (93 per cent heavy oil), an increase of 28 per cent over 2022 fourth quarter production of 15,546 boe/d (87 per cent heavy oil).
March 8, 2024, 12 AM MST
March 8, 2024, 5:51 AM MST
March 7, 2024, 3:06 PM MST
In the first half of 2024, Surge Energy Inc. continues to execute an active drilling program in both the Sparky and SE Saskatchewan core areas, with 29.7 net wells budgeted to be drilled.
March 7, 2024, 5:23 AM MST
After a tough year in 2023 for its downstream segment, Cenovus Energy Inc. officials say that steps continue to be taken to improve reliability and performance of its refining and upgrading assets.
March 6, 2024, 12 AM MST
Oil supply growth from Western Canada and the Permian is driving optimization and expansion potential for its liquids pipelines business, says Enbridge Inc.
March 6, 2024, 11:11 AM MST
March 6, 2024, 9:07 AM MST
Baytex Energy Corp. exceeded guidance in the fourth quarter 2023, and president and CEO Eric Greager said 2023 demonstrated the strength of its oil-weighted portfolio.
March 5, 2024, 12 AM MST
Just over eight months since Baytex Energy Corp. completed its acquisition of Ranger Oil Corporation, the company reported in its Q4 2023 results call-in that the asset has added quality scale in the Eagle Ford, and made Baytex a more resilient and sustainable business, said president and CEO Eric Greager.
March 4, 2024, 6:32 AM MST
Bonterra Energy Corp. has acquired a high quality, undeveloped Charlie Lake asset that is prospective for light oil, comprised of 79 net sections of land in Bonanza, Alberta and 330 boe/d of production, for total cash consideration of $24.1 million.
March 4, 2024, 3:55 PM MST
Enbridge Inc. says that the Canada Energy Regulator (CER) has approved the Mainline tolling negotiated settlement effective until Dec. 31, 2028.
March 4, 2024, 2:46 PM MST
March 4, 2024, 6 AM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.
March 4, 2024, 11 AM MST
With line of sight to the start-up of the Trans Mountain expansion project, market conditions are expected to improve for western Canadian crude producers, say two top oilsands executives.
March 1, 2024, 2:33 PM MST
Crescent Point Energy Corp. continues delineating its recently acquired Duvernay and Montney land base while fine-tuning its drilling and completions strategies to deliver long-term sustainable production and free cash flow.
March 1, 2024, 9:24 AM MST
Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.
March 1, 2024, 10 AM MST
February 29, 2024, 10:37 AM MST
February 29, 2024, 12 AM MST
Ovintiv Inc. expects to run three to four rigs and one completion crew in the Montney in 2024, targeting 60 to 70 wells in the condensate windows in both Alberta and B.C., executive vice-president and chief operating officer Greg Givens told analysts at the company’s 2023 fourth quarter and year-end conference call.
February 28, 2024, 2:01 PM MST
The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
February 28, 2024, 11:11 AM MST
Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
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