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
Low capital spending throughout the pandemic did not stop North American producers from maintaining their oil and gas reserve positions.
May 12, 2022, 6 AM MDT
Saturn Oil & Gas Inc. reported an increase in 2P reserves for 2021.
April 14, 2022, 12 AM MDT
Birchcliff Energy Ltd. will pay down its debt to zero during the current period of strong commodity prices, as the company aims to remove any necessity for credit and equity exposure, says top brass.
April 8, 2022, 2:12 PM MDT
Tenaz Energy Corp. outlined a vision to build a leading intermediate-size E&P by targeting high-quality assets in global markets to support a balanced growth-and-income capital markets model.
March 25, 2022, 12 AM MDT
Pieridae Energy Limited has “transformed as a company in the past year” following the completion of a strategic review and the suspension of the Goldboro LNG project, says CEO Alfred Sorensen.
March 24, 2022, 10:48 AM MDT
InPlay Oil Corp.’s capital program for the first quarter of 2022 was started in mid-December 2021 due to the availability of services and the desire to take advantage of strong commodity prices, including winter natural gas prices.
March 16, 2022, 7:21 AM MDT
Leucrotta Exploration Inc. increased reserves across the board.
March 16, 2022, 8:22 AM MDT
In 2021, Hemisphere Energy Corporation invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool, and upgrading facilities to accommodate additional oil production.
March 16, 2022, 8:50 AM MDT
Spartan Delta Corp.’s capital expenditures, before acquisitions and dispositions (A&D), were $189 million in 2021, of which $116 million was spent in the fourth quarter.
March 9, 2022, 6:26 AM MST
NuVista Energy Ltd.’s recent well performance has exceeded expectations, and in addition the onstream dates for new wells have been ahead of schedule.
March 9, 2022, 12 AM MST
Petrus Resources Ltd.’s board of directors has approved a 2022 capital budget of $50 to $55 million.
March 8, 2022, 2:31 PM MST
In Canada, TransGlobe Energy Corporation continued success in the South Harmattan area has led to significant increases in both reserves volumes and values, providing the company with a large inventory of high value development locations, said the company.
March 7, 2022, 6 AM MST
Crescent Point Energy Corp. says it continues to gain operational momentum in its Kaybob Duvernay play, realizing ongoing operational efficiencies and cost reductions.
March 3, 2022, 11:32 AM MST
Canadian Natural Resources Limited said it continued to deliver strong finding, development and acquisition (FD&A) costs and reserves replacement ratios in 2021.
March 3, 2022, 11:11 AM MST
Paramount Resources Ltd.’s board of directors has approved an increase in the company's regular monthly dividend to eight from six cents per common share.
March 2, 2022, 6:07 AM MST
Razor Energy Corp. continues to progress its reactivation program which commenced in Q1 2021.
February 28, 2022, 7:07 AM MST
Ovintiv Inc. recorded drilling and completion cost decreases at its Montney land position in 2021.
February 25, 2022, 2:29 PM MST
In anticipation of gas supply shortages and elevated pricing, Advantage Energy Ltd. accelerated $10 million of spending from January into December.
February 25, 2022, 12 AM MST
Cardinal Energy Ltd. produced 20,525 boe/d in the fourth quarter of 2021, averaging 19,090 boe/d for the year.
February 25, 2022, 12 AM MST
Baytex Energy Corp.’s year-end 2021 proved developed producing (PDP) reserves increased by seven per cent, from 120 million boe to 129 million boe.
February 25, 2022, 7:59 AM MST
Journey Energy Inc.’s proved developed producing reserves increased 20 per cent to 24.0 million boe, with a corresponding increase of 133 per cent in NPV at 10 per cent to $180.1 million ($193.8 million including the Countess power project (CPP)) from $77.2 million in 2020.
February 24, 2022, 5:44 AM MST