The unprecedented surge in United States oil production will continue and the country will drive global oil output growth in the medium term as the country approaches the 20 million bbl/d mark by 2024, the International Energy Agency (IEA) said Monday.
March 11, 2019, 11:41 AM MDT
March 11, 2019, 8:34 AM MDT
March 11, 2019, 11:18 AM MDT
March 11, 2019, 8:41 AM MDT
March 11, 2019, 4:02 AM MDT
As it marks its 20th year of operation, Peyto Exploration & Development Corp. is in a sense returning to its roots in the Cardium resource play as it positions the company for future growth as new export opportunities come into play.
March 8, 2019, 11:51 AM MST
Canadian Natural Resources Limited remains a staunch supporter of the Alberta government’s mandatory curtailment initiative, saying it has had the desired impact of helping to narrow differentials from the all-time highs witnessed late last year.
March 7, 2019, 11:16 AM MST
The Cardium play was revitalized with a “proven, innovative completion design,” resulting in a 200 per cent increase in booked Cardium locations, said Peyto Exploration & Development Corp.
March 7, 2019, 6:56 AM MST
Mandated production curtailments are “unlikely” for natural gas, similar to what happened with oil in Alberta, says the head of Tourmaline Oil Corp.
March 6, 2019, 9:49 AM MST
The National Energy Board (NEB) is predicting that Canadian crude oil production will decrease this year for the first time since 2009.
March 6, 2019, 7:33 AM MST
Fourth quarter 2018 cash flow for Tourmaline Oil Corp. was $391.5 million, up 12 per cent over Q4 2017 and up 36 per cent over the third quarter of 2018 cash flow.
March 6, 2019, 12 AM MST
NuVista Energy Ltd. produced a record 49,060 boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000–48,500 boe/d and 31 per cent greater than the respective quarter in 2017.
March 6, 2019, 8:17 AM MST
Crew Energy Inc. 2018 volumes increased four per cent over 2017 and were within guidance of 23,500-24,500 boe/d including 2,380 bbls/d of condensate, an increase of 16 per cent over 2017.
March 5, 2019, 9:58 AM MST
March 4, 2019, 9:28 AM MST
Encana Corporation's natural gas production is nearing one bcf/d from the Montney.
March 1, 2019, 3:11 AM MST
The Alberta government is increasing production in April by 25,000 to a total of about 3.66 million bbls/d, an overall increase of 100,000 bbls/d from the January limit.
March 1, 2019, 3:28 AM MST
Upon review of the curtailment consolidation/transfer process, the Government of Alberta has decided to amend the curtailment rules to extend the deadline in which operators can submit requests to transfer production volumes in order to support a post-production month true up.
March 1, 2019, 3:36 AM MST
Encana Corporation reported significantly higher production from the Montney in 2018, but Duvernay production declined.
February 28, 2019, 8:34 AM MST
Production through January and February 2019 to date has been restricted by ongoing pipeline apportionments, temporarily reduced crude by rail takeaway, bouts of extreme cold weather and third party shut-ins.
February 28, 2019, 12 AM MST
February 28, 2019, 11:16 AM MST
The Alberta government is expecting higher-than-budgeted resource revenues for the 2018/2019 fiscal year, while its deficit forecast has been lowered.
February 27, 2019, 11:25 AM MST
February 27, 2019, 9:18 AM MST
The Government of Alberta has eased its overall mandatory oil curtailment for February and March, but the benefits of that are not flowing to Husky Energy Inc. The company now has to cut more than it did under the previous order, and its two oilsands projects that just recently achieved nameplate capacity may take the hit.
February 26, 2019, 11:16 AM MST
TORC Oil & Gas Ltd. says that with continued success of its 2018 capital program and the company's solid underlying production profile, it achieved record production of 28,163 boe/d during the fourth quarter of 2018, a 29 per cent increase from the comparable period in 2017.
February 26, 2019, 7:05 AM MST
Chevron Corporation’s production climbed in Canada during 2018, and the company said it’s applying “learnings” to the Duvernay in order to lower development costs.
February 25, 2019, 8:19 AM MST