B-32 Exploration Ltd. closed a series of non-brokered financings totaling $20.6 million.
June 2, 2022, 6:46 AM MDT
June 2, 2022, 10:07 AM MDT
The number of new Alberta natural gas wells placed on production in 2021 increased by 34 per cent year-over-year to 789 as strong prices and increased demand resulted in a solid growth in capital spending on natural gas and liquids-rich targets, says the Alberta Energy Regulator (AER).
June 1, 2022, 12 AM MDT
The Alberta Energy Regulator (AER) says demand for diluents means pentanes-plus production is projected to grow over a forecast period to 2031, reaching a high of 483,000 bbls/d by 2031 as producers continue targeting the liquids-rich Montney, Upper Mannville and Duvernay formations.
June 1, 2022, 7:27 AM MDT
Saturn Oil & Gas Inc. has entered into an arm’s-length definitive agreement to acquire synergistic assets in the Viking area of west-central Saskatchewan for approximately $260 million.
June 1, 2022, 12 AM MDT
June 1, 2022, 12 AM MDT
Based on the oil price forecast, the Alberta Energy Regulator (AER) says total crude oil production in the province is expected to increase to 519,800 bbls/d by 2025 from 437,700 bbls/d in 2021 as the number of new wells placed on production “remains relatively high” over the medium term.
May 31, 2022, 10:18 AM MDT
Bonterra Energy Corp. brought on production 24 gross (19.6 net) wells through the first five months of 2022, to be followed by post-spring breakup drilling and completion operations which are scheduled to commence in late June 2022.
May 31, 2022, 3:11 PM MDT
May 30, 2022, 10:58 AM MDT
Clearview Resources Ltd. remained active in the field in the first quarter of 2022, reactivating two gross (2.0 net) wells and optimizing several wells throughout the company's core operating areas.
May 30, 2022, 7:53 AM MDT
Razor Energy Corp.’s production volumes for the first quarter of 2022 averaged 4,457 boe/d, representing an increase of 48 per cent from the first quarter of 2021 and a two per cent increase from the last quarter of 2021.
May 27, 2022, 6:19 AM MDT
Coelacanth Energy Inc., which was formed as part of Vermilion Energy Inc.’s acquisition of Leucrotta Exploration Inc., will begin life with output of 355 boe/d.
May 26, 2022, 6:14 AM MDT
As crude oil and liquids prices remain strong, activity in the Cardium play in central Alberta continues to show signs of rebounding from a slowdown in recent years.
May 25, 2022, 4:30 AM MDT
Rubellite Energy Inc. began as a concept about one year ago, in May 2021, as management at Perpetual Energy Inc., through its efforts to understand refinancing options, started to see the Clearwater play evolve, says Sue Riddell Rose, president and chief executive officer for both companies.
May 25, 2022, 2:23 PM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
Kiwetinohk Energy Corp. this morning outlined an acceleration and expansion of its 2022 upstream operational program, resulting in increased 2022 guidance.
May 18, 2022, 12 AM MDT
May 18, 2022, 12 AM MDT
Kiwetinohk Energy Corp., which saw year-over-year production growth last quarter, is boosting its production guidance for the year.
May 17, 2022, 6:16 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
With the completion and tie-in of three (0.75 net) wells at Kakwa Central, current production for Questerre Energy Corporation is over 2,000 boe/d.
May 16, 2022, 8:12 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
May 12, 2022, 11:24 AM MDT
Second-half supply growth will help to push up Canadian oil production for 2022, the International Energy Agency (IEA) noted this morning.
May 12, 2022, 12 AM MDT
Funds flow from operations at Vermilion Energy Inc. in the first quarter of 2022 more than doubled from the same three-month stretch of 2021.
May 12, 2022, 4:55 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.