September 5, 2023, 9:38 AM MDT
August 30, 2023, 9:38 AM MDT
August 28, 2023, 11:05 AM MDT
B.C. has seen a rapid increase in natural gas liquids (NGLs) and condensate production in the last five years, with average annual production jumping 111 per cent from 2017-2022 as Montney operators targeted more liquids-rich areas.
August 24, 2023, 12 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
August 23, 2023, 12 AM MDT
Almost a decade of work understanding the intricacies of shale reservoirs is paying dividends for Occidental Petroleum Corporation in improved recoveries, higher well productivity, and lower costs, company president and chief executive officer Vicki Hollub told analysts on the company’s second quarter 2023 conference call.
August 21, 2023, 12 AM MDT
Declining drilling activity in key shale plays, combined with an expected demand jump from power generation and LNG export growth, has large independent U.S. gas producers predicting improved markets heading into late 2023 and 2024, company executives said during second quarter 2023 conference calls.
August 18, 2023, 12 AM MDT
Permian oil producer Pioneer Natural Resources Company’s efforts to find higher value markets for its associated gas production are paying off, chief financial officer Neal Shah said during the company’s second quarter results call.
August 18, 2023, 10:58 AM MDT
During the second quarter of 2023, InPlay Oil Corp. invested $12.8 million drilling, completing and equipping two (1.9 net) extended reach horizontal (ERH) wells in Willesden Green and completing and equipping one (0.95 net) Willesden Green ERH well that was drilled at the end of the first quarter.
August 17, 2023, 12 AM MDT
August 17, 2023, 9:18 AM MDT
Suncor Energy Inc. continues to focus on securing long-term bitumen supply for its upgraders, with its chief executive saying he’s ‘agnostic’ on whether those volumes come from mining or in-situ operations.
August 16, 2023, 1:57 PM MDT
August 16, 2023, 5:49 AM MDT
Following ConocoPhillips Canada exercising its pre-emptive right to purchase the 50 per cent working interest in the Surmont in situ asset, Suncor Energy Inc. says it is continuing to evaluate the transaction to acquire the remainder of TotalEnergies SE’s Canadian operations, including the remaining 31.23 per cent working interest in Fort Hills, the company said in its Q2 results.
August 15, 2023, 12 AM MDT
Petrus Resources Ltd. has lowered its 2023 capital budget guidance to $60 million to $75 million, $33.1 million of which has already been spent, largely on drilling.
August 15, 2023, 6:05 AM MDT
Saturn Oil & Gas Inc. is currently exploiting its deep inventory of light oil development projects in both Alberta and Saskatchewan, with one rig drilling full time in each province.
August 15, 2023, 9:20 AM MDT
Canadian conventional oil production could jump significantly in the next two decades — or begin falling off a cliff — depending on how successful the world is in meeting its net zero targets, according to the recent Canada Energy Regulator (CER) Canada’s Energy Futures 2023 report.
August 14, 2023, 6 AM MDT
Tenaz Energy Corp.’s capital expenditures during the second quarter totalled approximately $6.0 million, as Canadian drilling was initiated ahead of schedule.
August 14, 2023, 7:26 AM MDT
Global oil demand is set to expand by 2.2 million bbls/d to 102.2 million bbls/d in 2023, with China accounting for more than 70 per cent of growth, the International Energy Agency (IEA) noted in its August Oil Market Report.
August 11, 2023, 12 AM MDT
Canadian supply rose by 130,000 bbls/d to 5.4 million bbls/d in June, primarily from returning production after wildfires shut in close to 200,000 bbls/d in May, the International Energy Agency (IEA) reported in its August Oil Market Report.
August 11, 2023, 12 AM MDT
U.S. supermajor Chevron Corporation achieved record Permian Basin production of 772,000 boe/d in the second quarter of 2023, up 11 per cent compared to the same quarter of 2022 and up five per cent from its previous record quarterly production of 738,000 boe/d in the final quarter of 2022.
August 11, 2023, 11:01 AM MDT
Birchcliff Energy Ltd.’s F&D capital expenditures are expected to be in-line with its guidance of $270 million to $280 million, which includes the bringing on production of 32 wells in Pouce Coupe and Gordondale and the drilling of two additional land retention wells in the Elmworth area.
August 11, 2023, 12 AM MDT
Rubellite Energy Inc.’s board of directors has approved the addition of the second rig at Figure Lake to expand development capital spending for the remainder of 2023, bringing total expected exploration and development capital spending for 2023 to $54 - $65 million.
August 11, 2023, 6:19 AM MDT
Bonterra Energy Corp.’s production in Q2 2023 averaged 13,911 boe/d, three per cent higher than Q1 2023, reflecting well outperformance from new production brought onstream late in Q1 2023, offset by the impact of the Alberta wildfires that required production to be shut-in for safety measures during the quarter of approximately 333 boe/d.
August 11, 2023, 6:36 AM MDT
Peyto Exploration & Development Corp. is adding to its drilling inventory through successfully targeting underdeveloped channels in the Falher formation across its land base, Riley Frame, VP of engineering, told analysts and shareholders at the company’s second quarter 2023 conference call.
August 10, 2023, 10:27 AM MDT
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