The success applying multilateral wells in the Clearwater has operators utilizing the technology across the WCSB in medium and heavy oil formations to improve well productivity and enhance economic recoveries.
December 14, 2023, 12 AM MST
The Alberta Indigenous Opportunities Corporation's (AIOC) sixth deal has closed, allowing 12 Indigenous communities to purchase equity in oil and gas midstream infrastructure in the Marten Hills and Nipisi areas of the Clearwater play in Northern Alberta.
December 14, 2023, 5:55 AM MST
World oil demand is on track to rise 2.3 million bbls/d to 101.7 million bbls/d in 2023, reported the International Energy Agency (IEA), but this masks the impact of a further weakening of the macroeconomic climate.
December 14, 2023, 12 AM MST
In October, Canadian supply inched up by 10,000 bbls/d to 5.7 million bbls/d, following large upward revisions to Q3 2023 data.
December 14, 2023, 12 AM MST
Kiwetinohk Energy Corp. is planning to drill, complete, equip and tie-in (DCET) 15 wells, including 12 Duvernay and three Montney wells for a total estimated DCET expenditure of $250 - $265 million for 2024.
December 14, 2023, 8:12 AM MST
December 14, 2023, 12 AM MST
The addition of transportation infrastructure linking Nipisi area production to Edmonton is creating new marketing opportunities to increase the value of growing Clearwater heavy oil production.
December 13, 2023, 12 AM MST
Vermilion Energy Inc.’s 2024 capital expenditure budget of $600 – $625 million includes increased investment in its B.C. Montney asset and advancement of key growth projects in Germany and Croatia.
December 13, 2023, 12 AM MST
Bonterra Energy Corp.’s first Montney test well was drilled in Q3 2023 at 04-03-074-6W6 on the company’s block of 100 per cent owned lands covering 45 sections.
December 13, 2023, 7:02 AM MST
December 13, 2023, 10:01 AM MST
December 13, 2023, 10:38 AM MST
While Clearwater operators are building out future inventories and optimizing primary development programs, in the core Marten Hills and Nipisi areas they are also advancing waterflood strategies aimed at enhancing the overall economics and longevity of the play.
December 12, 2023, 6 AM MST
December 12, 2023, 12:32 PM MST
December 12, 2023, 12 AM MST
December 12, 2023, 12 AM MST
December 12, 2023, 12 AM MST
Low-cost multilateral wells with open hole completions are the driving force behind the rapid growth in Clearwater development, enabling operators to expose enough of the reservoir to deliver highly economic production.
December 11, 2023, 6 AM MST
Pembina Pipeline Corporation announced today its 2024 financial guidance and provided a business update.
December 11, 2023, 8:47 AM MST
The five largest Clearwater heavy oil producers are building out their land positions while testing the boundaries of existing pools and targeting multiple stacked zones in core areas of the play.
December 7, 2023, 6 AM MST
December 6, 2023, 9:48 AM MST
Baytex Energy Corp. announced a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d.
December 6, 2023, 5:19 AM MST
December 6, 2023, 10:58 AM MST
December 5, 2023, 8:51 AM MST
December 4, 2023, 5:53 AM MST
December 4, 2023, 8:40 AM MST
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