Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
During the first half of 2023, the potential of Obsidian Energy Ltd.’s Walrus acreage was effectively delineated for future large-scale development.
August 2, 2023, 6:32 AM MDT
Paramount Resources Ltd.'s operations in the Grande Prairie and Kaybob Regions were significantly interrupted by wildfires in the second quarter that necessitated the temporary shut-in of a number of fields and facilities.
August 2, 2023, 6:51 AM MDT
With the recent volatility in commodity pricing and positive performance of the Pekisko wells drilled in 2023 to date, Pine Cliff Energy Ltd. has elected to defer the drilling of its remaining budgeted one gross (0.7 net) NTU Pekisko oil well until 2024 and replace a portion of this expenditure with recompletion work in the Twining area.
August 2, 2023, 12 AM MDT
Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
July 28, 2023, 7:44 AM MDT
Advantage Energy Ltd.’s 2023 capital guidance remains between $250 million and $280 million.
July 28, 2023, 12 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
Cenovus Energy Inc. has lowered its 2023 production guidance after the impacts of the Alberta wildfires and a planned turnaround at Foster Creek negatively affected second quarter output, company officials said during a Q2 results conference call this morning.
July 27, 2023, 11:12 AM MDT
Gear Energy Ltd. lowered its planned 2023 capital expenditures by an additional $8 million to $50 million.
July 27, 2023, 12 AM MDT
Gear Energy Ltd.’s production for the second quarter of 2023 was 5,742 boe/d, a one per cent decrease over the 5,777 boe reported in the second quarter of 2022.
July 27, 2023, 12 AM MDT
Yangarra Resources Ltd. drilled six wells and completed five wells during the quarter.
July 27, 2023, 5:07 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Whitecap Resources Inc. expects to ramp up activity in its Montney and Duvernay resource play assets over the next five years as it raises overall production to 200,000 boe/d, company president and chief executive officer Grant Fagerheim told analysts at its 2023 second quarter conference call.
July 27, 2023, 10:41 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
MEG Energy Corp.’s Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation during the second quarter of 2023 resulting in an increase in the effective royalty rate as expected, said the company.
July 27, 2023, 3:38 PM MDT
British Columbia will surpass Alberta to become the country’s biggest natural gas producing province by 2031, according to data contained in the Canada Energy Regulator’s (CER) Canada’s Energy Futures 2023 report.
July 26, 2023, 12 AM MDT
Crescent Point Energy Corp. generated $278 million of excess cash flow in second quarter of 2023, driven by strong performance from its liquids rich Kaybob Duvernay assets and its new Montney tight oil assets purchased from Spartan Delta Corp. early in 2023.
July 26, 2023, 7:44 AM MDT
Crescent Point Energy Corp. has turned its technical team loose on the Gold Creek Montney assets acquired from Spartan Delta Corp. earlier this year and is already seeing positive trends in well costs and incremental productivity increases, chief operating officer Ryan Gritzfeldt told analysts at the company’s second quarter 2023 conference call Wednesday morning.
July 26, 2023, 1:34 PM MDT
July 26, 2023, 9:10 AM MDT
Athabasca Oil Corporation’s Q2 production averaged 34,000 boe/d (93 per cent liquids) consisting of 29,000 bbl/d in Thermal Oil and 5,000 boe/d in Light Oil.
July 26, 2023, 3:43 PM MDT
July 26, 2023, 12 AM MDT
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