Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.
February 22, 2024, 12 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.
February 16, 2024, 6:28 AM MST
Cenovus Energy Inc. achieved the second-highest quarterly production rates in its history as fourth quarter output averaged 808,600 boe/d in the fourth quarter, an increase of approximately 12,000 bbls/d from the third quarter and up slightly from 806,900 bbls/d in Q4 2022.
February 15, 2024, 10:59 AM MST
Global oil demand growth is “losing momentum,” reported the International Energy Agency (IEA) with annual gains easing from 2.8 million bbls/d in Q3 2023 to 1.8 million bbls/d in Q4.
February 15, 2024, 4:20 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
ConocoPhillips’s top management justified various 2024 strategies during its Q4 conference call by stating the condition for modest growth will be met through staying “steady, stable, and focused on efficiency.”
February 14, 2024, 12 AM MST
Bonterra Energy Corp. has continued to advance development of its significant Montney discovery at Valhalla following the drilling of first test well in Q3 2023 at 04-03-074-6W6, located on a block of 100 per cent owned lands covering 45 sections.
February 14, 2024, 5:39 AM MST
Bonterra Energy Corp.’s annual production averaged 14,204 boe/d in 2023, representing a six per cent increase over 2022, and exceeded Bonterra's previously stated 2023 guidance range of 13,500 and 13,700 boe/d.
February 14, 2024, 5:47 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
February 13, 2024, 12 AM MST
February 13, 2024, 5:49 AM MST
February 13, 2024, 10:49 AM MST
With a second rig in the Montney now poised to start and the full purchase of Surmont completed, ConocoPhillips is depending on its Canadian assets to significantly contribute to company growth in 2024.
February 12, 2024, 10:46 AM MST
February 12, 2024, 11:10 AM MST
February 12, 2024, 9:34 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
Greenfire Resources Ltd. is forecasting 2024 average consolidated net production of 22,000 - 25,000 bbls/d, which assumes capital expenditures of between $70 and $90 million, reflecting annual production growth of 25 per cent to 40 per cent over consolidated net production in 2023, which averaged approximately 17,700 bbls/d.
February 9, 2024, 12 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
February 9, 2024, 12 AM MST
Construction is under way at International Petroleum Corporation’s (IPC) Blackrod SAGD development, with first oil from the 30,000 bbls/d phase one of the project still on track for late 2026, said new company president and chief executive officer William Lundin at IPC’s Capital Markets Day.
February 7, 2024, 9:23 AM MST
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
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