Successful drilling and well recompletions at Flood and Wapiti along with the acquisition of Ki Exploration Inc. contributed to a 111 per cent increase in proved plus probable reserves in 2014, says Canamax Energy Ltd.
March 17, 2015, 11:29 AM MDT
With its busiest development year to date, drilling and placing on production 10 horizontal oil wells in Atlee Buffalo and two horizontal oil wells at Jenner, Hemisphere Energy Corporation increased its proved plus probable (2P) reserves by 61 per cent at Dec. 31, 2014.
March 17, 2015, 8:55 AM MDT
LGX Oil + Gas Inc. reported 5.8 million boe of proved plus probable (2P) reserves at year-end 2014, which is three per cent more than at year-end 2013.
March 16, 2015, 8:15 AM MDT
Traverse Energy Ltd.’s company share proved reserves increased from the prior year by 28 per cent from 1.45 million boe to 1.85 million boe.
March 16, 2015, 9:19 AM MDT
Crescent Point Energy Corp. increased proved plus probable (2P) reserves by 22 per cent to 807.4 million boe at year-end 2014, weighted 93 per cent to light and medium crude oil and liquids.
March 11, 2015, 11:55 AM MDT
March 11, 2015, 9:41 AM MDT
Bellatrix Exploration Ltd.’s total proved reserves climbed 30 per cent to 161.45 boe at Dec. 31, 2014, from 124.15 million boe a year ago, while proved-plus-probable (2P) reserves improved 18 per cent, to 250.1 million boe from 211.54 million boe a year earlier.
March 9, 2015, 9:53 AM MDT
DeeThree Exploration Ltd. is reducing its first-quarter capital program and now plans to drill one more well in the first quarter for a total of six (six net) wells instead of the budgeted 10 wells.
March 6, 2015, 7:47 AM MST
Husky Energy Inc. boosted its Western Canada reserves for 2014, but 2P reserves dipped, according to its annual reserves report released this morning.
March 2, 2015, 11:44 AM MST
Cardinal Energy Ltd. plans to spend a total of $30 million in development capital for 2015, which includes drilling six development wells in Bantry, while also covering land, seismic and other capital expenditures associated with maintaining base production.
March 2, 2015, 7:34 AM MST
March 2, 2015, 9:26 AM MST
After announcing staff layoffs last week and a stop to drilling (DOB, Feb. 20, 2015), Strategic Oil & Gas Ltd. now says it is cutting its capital expenditure budget for the first half of 2015 to $11 million from $52 million in response to low commodity prices.
February 26, 2015, 10:27 AM MST
Kicking Horse Energy Inc.’s total year-end 2014 proved and probable reserves have been evaluated at 29.56 million boe (58 per cent oil and natural gas liquids).
February 26, 2015, 9:18 AM MST
Delphi Energy Corp. increased proved reserved to 42.93 million boe at the end of last year, up from 36.14 million boe exiting 2013.
February 26, 2015, 9:40 AM MST
Seven Generations Energy Ltd. is slicing its 2015 capital budget by $250 million to $300 million, resulting in a revised program size of $1.3 billion to $1.35 billion.
February 25, 2015, 10:17 AM MST
Only nine months after becoming a public company, Journey Energy Inc. has boosted production and proved plus probable reserves, the company said this morning.
February 24, 2015, 11:53 AM MST
Bucking the trend and looking for acquisitions during the ongoing industry downturn, StonePoint Energy Inc. increased its gross proved plus probable (2P) reserves 399 per cent to about 2.22 million boe as of Dec. 31, 2014, compared to the same date one year prior.
February 24, 2015, 10:57 AM MST
Reserves in British Columbia climbed across the board — natural gas, oil and NGLs/condensate — mainly due to an expansion and development of the Montney formation.
February 23, 2015, 9:13 AM MST
Exxon Mobil Corporation’s proved reserve additions in Canada last year totalled almost 700 million bbls of oil due to further definition of the Kearl oilsands resource.
February 23, 2015, 9:17 AM MST
Artek Exploration Ltd. increased proved plus probable (2P) reserves at year-end 2014 by nine per cent to 46.39 million boe and proved reserves by 12 per cent to 24.04 million boe.
February 23, 2015, 10:42 AM MST
Lightstream Resources Ltd.’s first-half 2015 capital spending is now expected to be about $75 million, down from its previous estimate of $95 million and anticipated to be $20 million below funds flow if WTI oil averages US$50 per bbl.
February 20, 2015, 11:36 AM MST
Bonterra Energy Corp. increased its proved plus probable reserves by seven per cent in 2014, while proved reserves rose by 16 per cent last year.
February 20, 2015, 10:36 AM MST
Reflecting a transition year of property sales and refocus, Zargon Oil & Gas Ltd.’s 2014 year-end proved and probable total (2P) reserves decreased 20 per cent to 22.29 million boe.
February 20, 2015, 10:15 AM MST
Crew Energy Inc. reported proved reserves of 106.54 million boe at the end of last year, down from 115.22 million boe a year earlier.
February 20, 2015, 8:06 AM MST
As a result of acquiring certain liquids rich natural gas assets near Carrot Creek and Edson, as well as the purchase of certain natural gas assets in southern Alberta and Saskatchewan, Pine Cliff Energy Ltd. saw its proved reserves increase 80 per cent and its proved plus probable (2P) increase 82 per cent for the year ended Dec. 31, 2014.
February 20, 2015, 7:36 AM MST