Despite showing great potential in its phase three pilot, MEG Energy Corp. has no near-term plans to commercialize its eMVAPEX technology at its existing Christina Lake operations, company president and chief executive officer Derek Evans said at the company’s third quarter conference call.
November 7, 2023, 10:07 AM MST
MEG Energy Corp. saw an uptick in bitumen production, strong pricing, and much lower diluent costs in the third quarter of 2023, but its Christina Lake operations also reached payout, leading to a jump in royalty payments.
November 7, 2023, 9:08 AM MST
Several years ago, Cardinal Energy Ltd. identified steam assisted gravity drainage (SAGD) as an area that could provide growth and further decrease decline levels.
November 7, 2023, 6:09 AM MST
For 2024, Cardinal Energy Ltd. laid out a planned conventional capital budget of $116 million with a further $68.5 million for the Reford thermal oil project.
November 7, 2023, 6:21 AM MST
ARC Resources Ltd. expects to keep production flat at its prolific Kakwa condensate play in Alberta, with future production growth coming from its Attachie assets in northeast B.C., executives said at the company’s third quarter 2023 conference call.
November 6, 2023, 6 AM MST
Baytex Energy Corp. reported a third quarter “which has set the stage for a strong finish to 2023,” said president and CEO Eric Greager.
November 6, 2023, 12 AM MST
Exxon Mobil Corporation believes it can leverage its operational skills to recover an addition billion bbls of oil from the Permian assets it acquired in its $65 billion acquisition of Pioneer Natural Resources, Neil Chapman, senior vice-president, said during the company’s third quarter conference call.
November 6, 2023, 12 AM MST
During Q3/23, Surge Energy Inc. continued its core area Sparky development program, drilling a total of six gross (6.0 net) wells in the area.
November 6, 2023, 12 AM MST
November 6, 2023, 5:56 AM MST
An important consideration when assessing M&A deals is whether the free cash flow yield from an acquisition will be as good or better than what the company’s organic five-year EP plan could deliver, says the chief executive of Tourmaline Oil Corp.
November 3, 2023, 12 AM MDT
While Cenovus Energy Inc. won’t release its officials 2024 capital budget until next month, company officials expect it to be in the same range as this year at somewhere between $4.5-$5 billion.
November 3, 2023, 12 AM MDT
ConocoPhillips reported first steam at Surmont Pad 267.
November 3, 2023, 12 AM MDT
ARC Resources Ltd. expects to spend between $1.75 to $1.85 billion in 2024 to maintain production in the 350,000 to 360,000 boe/d as it advances its Attachie project in northeastern B.C.
November 3, 2023, 6:42 AM MDT
Free cash flow more than doubled for ARC Resources Ltd. in the third quarter as oil and gas prices recovered after dipping in the second quarter of 2023.
November 3, 2023, 6:48 AM MDT
Vermilion Energy Inc. has increased its 2023 capital expenditure guidance by $20 million to $590 million.
November 3, 2023, 12 AM MDT
Production for Vermilion Energy Inc. in North America during the third quarter of 2023 averaged 56,758 boe/d. This represents five per cent growth over the previous quarter.
November 3, 2023, 12 AM MDT
Crescent Point Energy Corp. president and CEO Craig Bryksa was positive about the company’s third-quarter results following the company’s reported loss of $809.9 million due to non-cash charges connected to the planned sale of its North Dakota assets.
November 3, 2023, 12 AM MDT
Enerplus Corporation’s 2023 capital spending guidance was narrowed to $520 to $540 million (from the previous range of $510 to $550 million).
November 3, 2023, 6 AM MDT
Canadian Natural Resources Limited reported record production of 1.394 million boe/d in the third quarter of 2023, driven largely by a 44,000 bbls/d year-over-year increase from its thermal oilsands operations.
November 2, 2023, 7:59 AM MDT
A strong third quarter performance from its upstream segment and continued improvement in its downstream business contributed to Cenovus Energy Inc. posting quarter-over-quarter improvements in both financial and operational results.
November 2, 2023, 10:43 AM MDT
Paramount Resources Ltd. is budgeting 2024 capital expenditures of between $830 million and $890 million, $60 million at midpoint more than the previous high range of preliminary guidance.
November 2, 2023, 6:14 AM MDT
Paramount Resources Ltd. has expanded its core Montney land position in the Grande Prairie Region through the addition of 10 net sections of new land at Karr and Wapiti.
November 2, 2023, 6:49 AM MDT
Murphy Oil Corporation reported Tupper Montney natural gas production of 414 mmcf/d in the third quarter.
November 2, 2023, 4:47 AM MDT
Athabasca Oil Corporation believes the recent widening in differentials to US$21/bbl (Q4 strip pricing) is primarily a function of seasonality with refinery downtime and anticipates tightening from current levels in 2024 following the start-up of the Trans Mountain pipeline expansion and new global heavy oil refining capacity.
November 2, 2023, 12 AM MDT
Timing for the first two wells on Onion Lake Thermal’s Pad L is exceeding expectations, said International Petroleum Corporation’s (IPC) top executive.
November 1, 2023, 12 AM MDT
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