Through the first four months of 2016, industry has drilled 1,183 wells across the country, off 40 per cent from the 1,981 wells rig released a year ago.
May 16, 2016, 10:30 AM MDT
Operators across Canada rig released 1,183 wells (excluding test wells) over the first four months of 2016, off 40 per cent from 1,981 in the January-April period last year.
May 16, 2016, 7:34 AM MDT
Crescent Point Energy Corp. will focus more on acquisitions than a return to high dividend payouts as oil prices improve and the company scouts for new assets, particularly in the United States.
May 16, 2016, 6 AM MDT
Natural gas weighted Storm Resources Ltd. has reduced its 2016 capital budget to between $37 million and $42 million from $80 million, deferring the start-up of its third field compression facility at Umbach in northeastern British Columbia until April 2017 when it expects that prices will have improved.
May 16, 2016, 6 AM MDT
Painted Pony Petroleum Ltd. completed its first 38-stage frac and continues to push innovation in its Blair and Townsend Montney lands towards its year-end exit target of 40,000 boe per day from its Q1 average production of 16,601 boe per day.
May 16, 2016, 6 AM MDT
Penn West Petroleum Ltd. said today it hopes to amend its financial covenants before June 30, which it said would be a key milestone that would allow it to continue to strengthen its balance sheet and pay off debt.
May 16, 2016, 11:56 AM MDT
May 16, 2016, 10:07 AM MDT
Each year, more than four million Canadian workers suffer some type of job-related injury or illness.
May 16, 2016, 11:28 AM MDT
EPAC hosts Saskatchewan Premier Brad Wall fresh off a second huge election win. Premier Wall has emerged as the leading advocate for Canada’s oil and gas industry.
May 16, 2016, 6 AM MDT
DACC IRP #21 - Coiled Tubing Operations - Available for Industry Review at enform.ca
May 16, 2016, 7:46 AM MDT
DACC IRP #25 - Primary Cementing – Available for Industry Review at enform.ca
May 16, 2016, 7:46 AM MDT
Large international oil companies will have to change their business strategy if they want to keep the interest of shareholders in the long run — the old business model to maximize shareholder value is dying, says one of the United Kingdom’s leading energy experts.
May 16, 2016, 11:44 AM MDT
Oilsands producer Connacher Oil and Gas Limited says that it is initiating proceedings today at the Court of Queen's Bench of Alberta to seek creditor protection under the Companies' Creditors Arrangement Act.
May 16, 2016, 12 PM MDT
While many producers were buying less last year, Freehold Royalties Ltd. was revving up its acquisition engine.
May 16, 2016, 6 AM MDT
May 16, 2016, 11:01 AM MDT
Upcoming courses offered by CAPL.
May 16, 2016, 6 AM MDT
May 16, 2016, 7:48 AM MDT
May 16, 2016, 11:23 AM MDT
Responding to crude oil prices that hit 12-year lows in mid-February, RMP Energy Inc. is deferring the drilling of two budgeted first-quarter 2016 wells to the third quarter in order to preserve the company’s balance sheet, management said in a recent first-quarter report.
May 16, 2016, 9:45 AM MDT
Harvest Operations Corp. reported a pre-operating loss of $4.5 million on its BlackGold joint venture in Q1 2016, compared to nil in the same period in 2015.
May 16, 2016, 10:09 AM MDT
A fundamental part of TORC Oil & Gas Ltd.’s strategy has been to maintain financial flexibility regardless of the commodity price environment, making a concentrated effort to maintain a conservative balance sheet, Brett Herman, president and chief executive officer, told shareholders attending the company’s recent annual meeting.
May 16, 2016, 11:03 AM MDT
With the improvement in the crude oil forward strip pricing from the lows seen in early 2016, Altura Energy Inc. says it is planning to begin its 2016 drilling program in June.
May 16, 2016, 11:18 AM MDT
High Arctic Energy Services Inc. says its strong financial position allowed the company to enhance its Canadian snubbing fleet during the first quarter of 2016 through the addition of two new high-capacity snubbing units ideally suited for the industry’s current focus on high pressure, long-reach horizontal wells.
May 16, 2016, 10:27 AM MDT
May 16, 2016, 10:40 AM MDT
May 16, 2016, 10:42 AM MDT
Athabasca Oil Corporation has closed the previously announced light oil joint venture with Murphy Oil Corporation in the Kaybob area.
May 16, 2016, 8:07 AM MDT
TransCanada Corporation announced that the Committee on Foreign Investment in the United States (CFIUS) has notified TransCanada and Columbia Pipeline Group Inc. that its investigation of TransCanada's proposed acquisition of Columbia is complete and that there are no unresolved national security concerns.
May 16, 2016, 8:11 AM MDT
May 16, 2016, 11:04 AM MDT
Certarus Ltd. acquired Cangas Solutions Inc. from Trinidad Drilling Ltd. on May 5.
May 16, 2016, 8:28 AM MDT
Granite Oil Corp.’s annual borrowing base redetermination under its demand credit agreement has been completed and the borrowing base has been set at $60 million, consisting of a $45 million revolving demand credit facility and a $15 million revolving demand operating facility.
May 16, 2016, 8:20 AM MDT
Relentless Resources Ltd. announced that its existing banker has renewed the company's credit facility with an amended borrowing base of $3 million, of which $2.55 million is currently drawn.
May 16, 2016, 6 AM MDT
May 16, 2016, 9:35 AM MDT
May 16, 2016, 9:37 AM MDT
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