There were a flurry of redetermination extensions over the past week, as the oilpatch continues to work with banking syndicates to iron out new agreements.
July 3, 2020, 8:36 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 3, 2020, as reported this morning by Rig Locator.
July 3, 2020, 11:17 AM MDT
Drilled-but-uncompleted (DUC) wells are “kind of the story for 2020,” specifically for the liquids-rich plays, says Scott Norlin, upstream Canada research associate at Wood Mackenzie Ltd. In reference to the year so far, he told the Bulletin: “The word ‘unprecedented’ has been used an unprecedented number of times.”
July 2, 2020, 7:07 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 2, 2020, as reported this morning by Rig Locator.
July 2, 2020, 11:33 AM MDT
Oil and gas sector industry associations continue to put forward recommendations to the federal government designed to further alleviate the damaging impact COVID-19 has had on financials and balance sheets.
June 30, 2020, 6:46 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 30, 2020, as reported this morning by Rig Locator.
June 30, 2020, 11:34 AM MDT
Cathedral Energy Services Ltd. confirmed that the amendments to its existing credit facility are now in force.
June 30, 2020, 12 AM MDT
Western Energy Services Corp. and Alberta Investment Management Corporation, the lender under its second lien credit facility, have agreed to amend the second lien facility credit agreement to provide that the payment of interest and a portion of principal that Western would have been required to pay on July 2, 2020 will now be due on Sept. 1, 2020.
June 30, 2020, 3:08 PM MDT
Cold Bore Technology Inc.’s co-founder and president, Brett Chell, has assumed the role of chief executive officer.
June 30, 2020, 9:33 AM MDT
The various COVID-19-related federal government aid programs that can be accessed by the Canadian oil and gas sector continue to garner mixed reviews as some have been well received while others criticized for their slow rollout and prohibitive guidelines.
June 29, 2020, 7:16 AM MDT
Alberta’s newly-announced recovery plan will create tens of thousands of jobs, making for a more productive long-term economy thanks in part to massive infrastructure projects — totalling $10 billion — that aim to immediately give people jobs building pipelines, natural gas lines, roads, bridges, overpasses, water projects, and more, announced the government.
June 29, 2020, 3:10 PM MDT
Due to technical issues, Rig Locator was not updated this morning with the latest rig activity. The same issue is affecting the publishing of other data reports. We will update this afternoon if possible.
June 29, 2020, 11:34 AM MDT
The effects from the oil price crash and fall in demand from COVID-19 worldwide lockdowns were clearly reflected in western Canadian rig activity during the second quarter.
June 26, 2020, 8:59 AM MDT
Oil and gas producers are beginning to cut jobs on the heels of significant cuts to the oilfield services sector in the first half of 2020.
June 26, 2020, 6:30 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 26, 2020, as reported this morning by Rig Locator.
June 26, 2020, 11:17 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 25, 2020, as reported this morning by Rig Locator.
June 25, 2020, 11:31 AM MDT
June 25, 2020, 8:08 AM MDT
Commercializing its RapidFire MWD platform remains a key initiative for Cathedral Energy Services Ltd. in 2020, management says, although reduced drilling activity negatively impacts testing and commercial deployment.
June 25, 2020, 8:28 AM MDT
Calfrac Well Services Ltd. posted a loss of $122.86 million in the first quarter of 2020 as revenue fell 36 per cent to $305.52 million from $475.01 million amid a slowdown in the global economy from COVID-19 and the effects of the price war on the oil industry.
June 25, 2020, 11:22 AM MDT
Keep it local. That is a key consideration Reeve Leanne Beaupre from the County of Grande Prairie hopes government takes into account as it divvies out spending for the province’s Site Rehabilitation Program.
June 24, 2020, 9:33 AM MDT
Canada possesses a wealth of energy alternatives — from oil and gas derivatives like hydrogen and carbon to new energy opportunities such as renewables combined with energy storage — from which to cultivate on the strength of existing energy expertise and knowhow, said panelists on a JWN Energy Speaker Series webinar Tuesday.
June 24, 2020, 7:26 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 24, 2020, as reported this morning by Rig Locator.
June 24, 2020, 11:33 AM MDT
Ricky Manhas has resigned as director of Cordy Oilfield Services Inc., the company announced.
June 24, 2020, 7:46 AM MDT
June 24, 2020, 9:02 AM MDT
The Canadian oil and gas industry needs “net-zero” emissions which has now become a tool for competitiveness, not only a tool for the environment and the “right thing to do,” Canada’s natural resources minister said Monday.
June 23, 2020, 6:42 AM MDT