Baytex Energy Corp.’s exploration and development expenditures totalled $153 million in Q4 2019, bringing aggregate spending for 2019 to $552 million, which is at the low end of original guidance, the company said Monday in releasing preliminary highlights for 2019.
January 21, 2020, 8:01 AM MST
A resource assessment has identified an additional three billion bbls of oil and 5.8 tcf of gas potential offshore Newfoundland.
October 3, 2019, 11:48 AM MDT
Prairie Provident Resources Inc. says an updated independent reserves evaluation of the company’s interests in three future undeveloped waterflood expansion areas in Evi has added substantial reserves.
September 19, 2019, 8:40 AM MDT
Pengrowth Energy Corporation has increased its proved reserves by 34 per cent and proved-plus-probable (2P) reserves by 25 per cent, thanks to strong performance on the company’s Lindbergh thermal oil project, says top brass.
August 9, 2019, 6 AM MDT
Alberta has 164 billion bbls of remaining established reserves of bitumen after cumulative production of 13.3 billion bbls, says the Alberta Energy Regulator in its latest report ST98: Alberta Energy Outlook.
June 10, 2019, 11:04 AM MDT
Traverse Energy Ltd.’s production averaged 594 boe/d (43 per cent oil and NGLs) during the fourth quarter of 2018, an increase of 31 per cent from the third quarter of 2018.
April 10, 2019, 9:14 AM MDT
PetroShale Inc.’s production averaged 6,014 boe/d (84 per cent liquids) in the fourth quarter of 2018, which was 184 per cent higher than the same period in 2017.
April 10, 2019, 11:01 AM MDT
Exxon Mobil Corporation has put the reserves associated with the Kearl oilsands project back on its books.
April 9, 2019, 6 AM MDT
Arrow Exploration Corp. recorded increases in all categories of reserves at year-end 2018 due primarily to the acquisition of assets in Colombia.
April 9, 2019, 8:37 AM MDT
Oil-weighted Hemisphere Energy Corporation increased its proved plus probable reserves by 48 per cent in 2018 to 10.62 million boe based on an independent reserves evaluation effective Dec. 31, 2018.
March 26, 2019, 10:22 AM MDT
Surge Energy Ltd. added eight million boe of proved plus probable reserves in 2018, replacing 133 per cent of production as its high quality light oil conventional reservoirs continued to deliver consistent results.
March 13, 2019, 9:33 AM MDT
Granite Oil Corp. continues to manage volatility and uncertainty in the Canadian energy sector through conservative capital spending and by actively optimizing its EOR scheme and field operations.
March 13, 2019, 9:40 AM MDT
Canadian Natural Resource Limited’s mix of long life low decline assets and effective and efficient operations resulted in total company gross proved reserves increasing at the end of 2018 by 12 per cent to 9.893 billion boe, replacing 359 per cent of 2018 production, with a reserves life index of 27.7 years.
March 7, 2019, 11:38 AM MST
Baytex Energy Corp. replaced 106 per cent of total production in 2018, adding 31 million boe of proved plus probable gross reserves through development activities.
March 7, 2019, 6 AM MST
Leucrotta Exploration Inc. has been defining and quantifying its large Montney resource.
March 7, 2019, 7:26 AM MST
Leucrotta Exploration Inc. reported a jump in reserves for 2018.
March 7, 2019, 7:16 AM MST
Cardinal Energy Ltd. reported higher proved (1P) and proved plus probable (2P) reserves for 2018.
March 6, 2019, 8:29 AM MST
Altura Energy Inc. announced an initial capital budget of $15 million for 2019, funded with forecasted cash flow from operating activities.
March 5, 2019, 6:17 AM MST
March 4, 2019, 9:28 AM MST
Reserve additions replaced 698 per cent of production for proved reserves and 712 per cent of proved plus probable reserves in 2018, natural gas weighted Storm Resources Ltd. has reported.
March 1, 2019, 9:18 AM MST
Strategic Oil & Gas Ltd.’s reserves declined in 2018.
February 28, 2019, 6 AM MST
Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.
February 27, 2019, 11:41 AM MST
After announcing the Duvernay joint venture on Aug. 29, Journey Energy Inc. and its partner have acquired additional Duvernay lands and now have an interest in over 165 gross sections of contiguous lands concentrated in the oil window.
February 27, 2019, 8:02 AM MST
February 27, 2019, 9:06 AM MST
Razor Energy Corp. spent $15.9 million on exploration, development and acquisition activities in 2018.
February 22, 2019, 7:10 AM MST