• 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

  • Petrus Returns To Drilling At Ferrier

    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

  • Record Output For InPlay

    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’s 2P Reserves Climb

    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 Reports Record Output; Guidance Unchanged Despite Natgas Price Weakness

    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 Boosting 2023 Capital Spending Plan

    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 Continues Reactivation Program

    Razor Energy Corp. continues to progress its reactivation program.

    March 3, 2023, 12 AM MST

  • Cardinal’s Reserves Increase

    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 CEO Says 2022 Was An ‘Exciting Year’ As The Company Posts Strong Results

    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 Capex Outlook Increases

    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 Reserves Increase

    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 To Be ‘Nimble’ With Capex; Plans For Whitehorse Development Deferred

    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

  • Kelt Focused On Charlie Lake In Second Half Of 2022

    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

  • Pipestone Says Q4 Delivered Record Output

    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

  • Hemisphere Focused On Polymer Flood At Upper Mannville

    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 Production Exceeds Forecasts; Optimistic On ‘Path Forward’ Following Blueberry Deal

    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 To Acquire SGS’s Global Subsurface Consultancy

    Sproule is acquiring SGS S.A.’s Subsurface Consultancy (SSC) based in the Netherlands.

    February 10, 2023, 12 AM MST

  • Bonterra Output Climbed In 2022

    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 Completes Turnaround; Completes Six Wells In January

    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 Reserves Climb

    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 Announces Significant 2022 Reserves Value Increase

    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

  • Montney Continues To Dominate Drilling Activity In B.C.: OGC Report

    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

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