Reserves

  • Perpetual Q1 Production Estimate At 4,300-4,600 boe/d

    Perpetual Energy Inc.’s production guidance is between 4,300 and 4,600 boe/d, with capital spending of $1.0 million.

    March 26, 2024, 12 AM MDT

  • CNOOC Discovers 100 Million Ton Oilfield In Bohai Sea

    March 18, 2024, 6 AM MDT

  • Rubellite Reports Active Q4 Drilling Program

    Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.

    March 15, 2024, 9:08 AM MDT

  • Tourmaline Continues Turning Massive Resource Into Reserves

    Tourmaline Oil Corp. reported proved, developed producing (PDP) reserves of 1.20 billion boe at year-end 2023, up slightly over 39 per cent after accounting for 2023 annual production of 189.9 million boe.

    March 12, 2024, 12 AM MDT

  • Headwater Boosts Capital Spending Budget

    As a result of Headwater Exploration Inc.’s success in accumulating incremental lands year to date in 2024, the board of directors has approved an expansion of the company's 2024 capital budget from $180 million to $200 million.

    March 8, 2024, 12 AM MST

  • Surge Continues To Be Active Drilling Sparky, SE Saskatchewan

    In the first half of 2024, Surge Energy Inc. continues to execute an active drilling program in both the Sparky and SE Saskatchewan core areas, with 29.7 net wells budgeted to be drilled.

    March 7, 2024, 5:23 AM MST

  • Yangarra Continues To Drive Down Drilling Times, Costs

    Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.

    March 7, 2024, 5:12 AM MST

  • CNRL Reports Increase In Proved Reserves

    Canadian Natural Resource Limited’s total proved reserves increased two per cent to 13.910 billion boe at Dec. 31, 2023, with reserves additions and revisions of 0.809 billion boe. Total proved plus probable reserves increased three per cent to 18.504 billion boe, with reserves additions and revisions of 0.944 billion boe.

    February 29, 2024, 9:02 AM MST

  • Spartan Delta Continued Active Deep Basin Program For 2023

    In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.

    February 27, 2024, 12 AM MST

  • Journey’s Reserves Decline In 2023

    Journey Energy Inc.’s proved developed producing reserves decreased seven per cent to 36.9 million boe, with a corresponding decrease of 25 per cent in NPV at 10per cent to $361.9 million, $368.4 million including the Countess Power Project (CPP).

    February 23, 2024, 12 AM MST

  • Kelt Lowers Capital Spending Outlook

    In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.

    February 22, 2024, 5:56 AM MST

  • Gear Maintains 2024 Spending Plan At $57-Million

    Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million

    February 22, 2024, 6 AM MST

  • Prairie Provident’s Reserves Decline

    Prairie Provident Resources Inc.’s reserves fell for 2023.

    February 22, 2024, 12 AM MST

  • Peyto’s Reserves Climb On Drilling Program, Repsol Acqusition

    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

  • Low Gas Prices Take Bite Out Of Birchcliff Energy Earnings In 2023

    Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.

    February 15, 2024, 6:44 AM MST

  • Bonterra Production Climbed In 2023

    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

  • ARC Resources Reports Record Reserve Additions In 2023

    ARC Resources Ltd. reported the largest increase in proved plus probable (2P) reserves in company history in 2023, driven largely by reserve additions at Phase 1 of its Attachie development in B.C. and at Kakwa in Alberta.

    February 12, 2024, 8:01 AM MST

  • ConocoPhillips Sets Out Montney And Surmont’s Contribution To 2024 Bottom Line

    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

  • Crew Boosts 2023 Reserves

    Here are highlights from Crew Energy Inc.’s reserves report:

    February 9, 2024, 6 AM MST

  • Obsidian Energy Increases 2023 Reserves Across All Categories

    Obsidian Energy Ltd. high level of activity and successful capital program resulted in solid production and reserves additions across all three main asset areas (Willesden Green/Pembina (Cardium), Peace River and Viking) in 2023.

    January 31, 2024, 12 AM MST

  • Saturn Reports 145 Million Boe Of 2P Reserves

    Saturn Oil & Gas Inc. reported 145.3 million boe of total proved + probable (TP+P) reserves for 2023, representing a 131 per cent year over year increase.

    January 31, 2024, 12 AM MST

  • Insight: Managing Price Volatility While Building Inventory Priorities For North American Gas Weighted Operators

    Gas-weighted North American operators faced extreme price volatility in 2022. Panic over gas shortages in Europe leading into winter due to the war in Ukraine drove North American natural gas prices to levels not seen since the early 2000s.

    May 10, 2023, 7:02 AM MDT

  • Tourmaline Seeing Material Reserve Growth Through Exploration While Keeping Eye On M&A Market

    Tourmaline Oil Corp. continues to see exploration success drilling its undeveloped asset base in northeast B.C. and the Deep Basin area of western Alberta, company president and chief executive officer Mike Rose told analysts at the company’s first quarter 2023 conference call.

    May 5, 2023, 12 AM MDT

  • Coelacanth Reserves Climb

    Coelacanth Energy Inc.  lifted total proved plus probable reserves by 278 per cent to 4.5 million boe from 1.2 million boe.

    April 20, 2023, 12 AM MDT

  • Hammerhead To Run 2-Rig Program

    Hammerhead Energy Inc.'s 2023 capital program is development-focused with a continuous two-rig program expected to drill approximately 40 wells.

    April 3, 2023, 9:38 AM MDT

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