In early January, Petrus Resources Ltd. returned to drilling in Ferrier to kick off the 2023 capital program.
March 16, 2023, 5:41 AM MDT
InPlay Oil Corp. reported record average annual production of 9,105 boe/d, up from 5,768 boe/d the previous year.
March 15, 2023, 6:39 AM MDT
Saturn Oil & Gas Inc. reported 62.9 million boe of total proved plus probable (TP+P) reserves for 2022, representing a 24 per cent year over year increase.
March 14, 2023, 9:21 AM MDT
NuVista Energy Ltd. reported the highest ever annual average production rate of 68,690 boe/d, a 31 per cent increase from 2021 and at the top end of our guidance range of 68,000 – 69,000 boe/d.
March 8, 2023, 6:38 AM MST
Paramount Resources Ltd. is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.
March 7, 2023, 11:01 AM MST
Razor Energy Corp. continues to progress its reactivation program.
March 3, 2023, 12 AM MST
Cardinal Energy Ltd.’s proved developed producing (PDP) reserves increased to 78 million boe, representing a four per cent increase year over year, through the addition of 11 million boe, replacing 1.4x 2022 annual production.
February 28, 2023, 5:41 AM MST
Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
Gear Energy Ltd.’s capital outlook for 2023 has been raised to $66 million, up from the previous estimate of $61 million.
February 23, 2023, 12 AM MST
Journey Energy Inc.’s proved reserves increased 53 per cent to 50.8 million boe, with a corresponding increase of 136 per cent in NPV at 10 per cent to $604.9 million.
February 23, 2023, 12 AM MST
Peyto Exploration & Development Corp.’s plans for the Whitehorse development, including associated gas plant and pipeline infrastructure, have been deferred as project economics have weakened with the decline in natural gas prices.
February 17, 2023, 12 AM MST
During the first half of 2022, Kelt Exploration Ltd. determined that additional gas processing capacity expected to be made available to the company in the Wembley/Pipestone area at a third-party facility was postponed until later in 2023 or early in 2024.
February 16, 2023, 6:13 AM MST
Based on field estimates, Pipestone Energy Corp. delivered record quarterly production of 33,816 boe/d (30 per cent condensate, 42 per cent total liquids) during Q4 2022, resulting in full year 2022 production of 31,090 boe/d (29 per cent condensate, 41 per cent total liquids) which is within the previously announced guidance of 31,000 – 33,000 boe/d.
February 16, 2023, 6:26 AM MST
In 2022, Hemisphere Energy Corporation invested $18.4 million to drill 13 wells, implement a polymer-surfactant flood in the Upper Mannville F oil pool, upgrade facilities in Atlee Buffalo, purchase land and seismic, and pre-purchase some of the materials for its 2023 drilling program.
February 16, 2023, 7:22 AM MST
Crew Energy Inc.’s full year 2022 production exceeded forecasts to average 33,277 boe/d, and Q4/22 production surpassed guidance of 30,000 to 32,000 boe/d to average 32,893 boe.
February 10, 2023, 12 AM MST
Sproule is acquiring SGS S.A.’s Subsurface Consultancy (SSC) based in the Netherlands.
February 10, 2023, 12 AM MST
Bonterra Energy Corp. averaged approximately 13,407 boe/d of production in 2022, representing a five per cent increase over 2021 and in-line with Bonterra's previously stated guidance range of 13,300 to 13,700 boe/d.
February 9, 2023, 12 AM MST
Yangarra Resources Ltd.’s January 2023 production averaged 12,000 boe/d, and was negatively impacted by a turnaround at a company facility.
February 6, 2023, 7:07 AM MST
Prairie Provident Resources Inc. reported 31.86 million boe of proved plus probable reserves as of Dec. 31, 2022.
February 1, 2023, 10:15 AM MST
Obsidian Energy Ltd. reported a substantial increase in its reserve values and volumes for 2022 over 2021, replacing reserves across all categories.
January 31, 2023, 9:11 AM MST
The Montney continues to dominate drilling activity, production, and reserves growth in British Columbia, noted a new report by the B.C. Oil And Gas Commission (OGC).
September 29, 2022, 1:34 PM MDT
First Helium Inc. has received a reserve report from its independent evaluator, prepared in accordance with "NI 51-101" guidelines, indicating total proved plus probable (2P) gross reserves of 505,100 bbls of light oil with corresponding NPV 10 per cent of $24.6 million, for its oil property at Worsley.
August 2, 2022, 7:21 AM MDT
A top executive for GLJ Ltd. says the firm’s sustainability and emerging energies-related offerings continue to grow in importance as clients in the oil and gas space and other sectors increasingly focus on meeting government climate change targets while living up to investor and lender expectations.
July 25, 2022, 6 AM MDT
While its oil and natural gas-related services remain the primary business drivers for McDaniel & Associates Consultants Ltd., the firm’s CCUS and EOR workload is increasing while emerging energy sources such as helium and hydrogen are slowly becoming a bigger part of the mix.
July 21, 2022, 6 AM MDT
Sproule Associates Limited continues to evolve its business offerings as the firm responds to an uptick in client demand for services relating to carbon management and the emerging new energy sector.
July 20, 2022, 12 AM MDT
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