As the well count rises in the Clearwater heavy oil play in northern Alberta the long-term potential to increase and then maintain production for decades is becoming more apparent.
March 29, 2023, 6 AM MDT
Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
Saskatchewan's oil well drilling and production continues to grow back to pre-pandemic levels, the government reported in its annual budget tabled this week.
March 24, 2023, 9:37 AM MDT
Tenaz Energy Corp. continues to enhance its Leduc-Woodbend project returns by improving knowledge of the Rex reservoir and depositional environment, extending horizontal well lengths, and continuously improving the frack stimulation design and execution.
March 22, 2023, 6:17 AM MDT
Oil prices need to rise substantially for North American operators to start exploring, drill lower quality resources and put money in longer cycle projects, the audience at the annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition, heard.
March 21, 2023, 8:21 AM MDT
A lack of investment in increasing oil and gas supply, combined with delays in building out renewable energy supply chains, are putting the world at risk of an energy crisis in the next decade, a panel of financial experts and oil and gas leaders said at the Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition.
March 21, 2023, 12 AM MDT
March 21, 2023, 12 AM MDT
March 20, 2023, 12 AM MDT
Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
As a result of the recent weakness and volatility in natural gas prices and the potential for weakness in summer natural gas prices, Birchcliff Energy Ltd. has decided to slow the rate of its 2023 capital program by moving the drilling of nine (9.0 net) wells to Q3 2023 that were originally scheduled to be drilled in Q2 2023.
March 16, 2023, 2:36 PM MDT
In early January, Petrus Resources Ltd. returned to drilling in Ferrier to kick off the 2023 capital program.
March 16, 2023, 5:41 AM MDT
The International Energy Agency (IEA) anticipates that western Canadian takeaway capacity will be sufficient until the Trans Mountain expansion comes online in early 2024.
March 15, 2023, 12 AM MDT
InPlay Oil Corp. reported record average annual production of 9,105 boe/d, up from 5,768 boe/d the previous year.
March 15, 2023, 6:39 AM MDT
March 15, 2023, 12 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Surge Energy Inc. increased adjusted funds flow (AFF) by over 190 per cent, from $100.4 million in 2021 to $293.6 million in 2022.
March 13, 2023, 12 AM MDT
Journey Energy Inc. was busy during the fourth quarter of 2022 with the closing and integration of its 4,000 boe/d (71 per cent crude oil and NGL) acquisition from Enerplus Corporation.
March 13, 2023, 12 AM MDT
Bonterra Energy Corp. successfully executed an active capital program in 2022 that was largely directed to the development of its high-quality, light oil weighted asset base and other incremental growth initiatives.
March 13, 2023, 12 AM MDT
Headwater Exploration Inc. reported average production of 15,546 boe/d (consisting of 13,536 bbls/d of heavy oil, 11.5 mmcf/d of natural gas and 99 bbls/d of natural gas liquids), an increase of 49 per cent from the fourth quarter of 2021.
March 10, 2023, 12 AM MST
Kiwetinohk Energy Corp. posted record quarterly production in the three-month period ending Dec. 31, 2022, topping the same time a year earlier by 99 per cent.
March 9, 2023, 6 AM MST
Peyto Exploration & Development Corp. increased its pace of capital investment in 2022, resulting in strong production and reserves growth and record-setting earnings and cash flow.
March 9, 2023, 11:03 AM MST
Crew Energy Inc.’s 2023 net capital expenditures have been lowered to $190 to $210 million, from the original budget of $230 to $250 million.
March 9, 2023, 12 AM MST
In Q4 2022, Pipestone Energy Corp. achieved record average quarterly production totaling 33,816 boe/d (30 per cent condensate and crude oil, 42 per cent total liquids), representing a five per cent quarterly increase over Q3 2022, and a 18 per cent increase over Q4 2021.
March 9, 2023, 12 AM MST
The Blueberry River First Nations (BRFN) and B.C. government announced a historic agreement in January setting out a framework that guides future industrial development on BRFN traditional land claims.
March 8, 2023, 9:30 AM MST
March 8, 2023, 6 AM MST
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