Highwood Asset Management Ltd. provided an operational update, including a 1,000 bbl/d light oil well with its inaugural stage frack wells at Wilson Creek, and to reiterate its 2024 guidance.
February 6, 2024, 6 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
Imperial Oil Limited says it successfully started steam injection at the Cold Lake Grand Rapids Phase 1 (GRP1) project in Q4 and that the initial steam injection phase is expected to last until the end of the first quarter of 2024, with production ramping up over the following months.
February 5, 2024, 6 AM MST
February 5, 2024, 12 AM MST
Record-setting volumes from Kearl backstopped Imperial Oil Limited’s fourth quarter output surge that saw the company average 452,000 gross boe/d, the highest quarterly production in over 30 years when adjusting for the divestment of XTO Energy Canada.
February 2, 2024, 10:52 AM MST
Lycos Energy Inc. plans capital expenditures of $61.0 million for 2024, which includes the drilling of approximately 28 (27.2 net).
February 2, 2024, 12 AM MST
February 2, 2024, 6 AM MST
February 1, 2024, 9:17 AM MST
In the two weeks following Russia’s invasion of Ukraine on Feb. 24, 2022, the DOB published my three-part “President Putin’s Massive Ukrainian Blunder” series.
January 31, 2024, 6 AM MST
Greenfire Resources Ltd.’s consolidated average net production in Q4/23 was approximately 17,400 bbls/d and averaged approximately 20,800 bbls/d in the month of December 2023.
January 30, 2024, 9:06 AM MST
January 30, 2024, 12 AM MST
January 30, 2024, 12 AM MST
A new well completion design and real-time frack optimization resulted in improved Montney well productivity for Murphy Oil Corporation in 2023, Eric Hambly, executive vice-president of operations, told analysts at the company’s third quarter conference call.
January 29, 2024, 9:17 AM MST
InPlay Oil Corp.’s fourth quarter 2023 capital program consisted of drilling two (1.6 net) ERH wells in Willesden Green that were brought on production in November.
January 29, 2024, 9:07 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
In Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 386 mmcf/d in the fourth quarter, with no new wells brought online.
January 26, 2024, 9:51 AM MST
During mid-January 2024, extremely cold temperatures led to power outages and production disruptions in North Dakota, Enerplus Corporation reported.
January 26, 2024, 12 AM MST
Obsidian Energy Ltd. has set a 2024 capital plan of $345–$355 million, which doesn’t include decommissioning expenses.
January 25, 2024, 6:55 AM MST
Obsidian Energy Ltd.’s 2024 plan is focused on the continued development and exploration/appraisal of its heavy oil assets in Peace River and light oil assets in Willesden Green/Pembina (Cardium/Mannville) in central Alberta.
January 25, 2024, 7:05 AM MST
January 25, 2024, 7:52 AM MST
January 23, 2024, 5:47 AM MST
Western Canadian operators spud slightly over 1,500 wells targeting natural gas in 2023, a 10 per cent increase over the previous year.
January 22, 2024, 7:05 AM MST
January 22, 2024, 12 AM MST
January 19, 2024, 10 AM MST
With natural gas prices down over 40 per cent compared to 2022, Deep Basin operators targeted NGLs and oil inventory in 2023.
January 18, 2024, 6 AM MST
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