Another four producers announced budget cuts this morning, adding to the over $2 billion in reductions laid out last week after the Saudi/Russia price war erupted.
March 16, 2020, 7:23 AM MDT
Vermilion Energy Inc.’s revised capital budget of $350 million to $370 million is expected to deliver 2020 annual production of 94,000 boe/d to 98,000 boe/d, reflecting both a reduced capital slate and allowance for potential disruptions to its operations due to COVID-19.
March 16, 2020, 12 AM MDT
Enerplus Corporation is reducing its 2020 capital spending budget to $325 million, or approximately 40 per cent at the midpoint of prior 2020 guidance of $520 to $570 million.
March 16, 2020, 12 AM MDT
Full year capital spending for NuVista Energy Ltd. has been reduced from the prior guidance range of $300 - $330 million to no more than $240 million.
March 16, 2020, 5:48 AM MDT
Crescent Point Energy Corp.’s revised 2020 capital expenditures budget of $700 to $800 million is expected to generate annual average production of 130,000 to 134,000 boe/d.
March 16, 2020, 5:54 AM MDT
Latest hedging data from CanOils shows that among Canada’s largest oil producing companies, it is actually a number of gas-heavy companies that have protected their oil production against the falling oil price the best heading into Q2 2020.
March 16, 2020, 7:25 AM MDT
Haisla Nation Chief Councillor Crystal Smith is proud to support LNG development in B.C. and says projects like LNG Canada’s gas terminal are giving her people a chance to escape poverty and have hope for the future.
March 16, 2020, 10:41 AM MDT
Effective steam injection is a key component of steam-assisted gravity drainage (SAGD) development. When deploying outflow control devices (OCDs) as part of SAGD operations, steam injection effectiveness can be measured in operation time, number of on-site personnel required during operations and confirmation of OCDs shifting open — all three areas improved by the introduction of a new ball-activated OCD during field trials in Alberta’s oil sands.
March 16, 2020, 6:57 AM MDT
As one of the world’s largest publicly traded engineering, procurement, construction (EPC) and maintenance companies, Fluor designs, builds, and maintains capital-efficient facilities for clients on six continents and delivers comprehensive solutions across a broad spectrum of industries including energy and chemicals, government, advanced technologies and life sciences, infrastructure and power, mining and metals, and operations and maintenance.
March 16, 2020, 6:44 AM MDT
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March 16, 2020, 8:47 AM MDT
NOVA Gas Transmission Ltd. (NGTL) is seeking regulatory approval for a new form of Other Service (OS) to provide for natural gas liquids extraction service (OS-EXT).
March 16, 2020, 10:19 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 16, 2020, as reported this morning by Rig Locator.
March 16, 2020, 11:39 AM MDT
PrairieSky Royalty Ltd. is adjusting the company’s dividend to a level significantly below its anticipated free cash flow.
March 16, 2020, 2:16 PM MDT
The Alberta Energy Regulator (AER) will hold a public hearing of application from Canadian Coastal Resources Ltd., which has applied for a licence to drill a sour crude oil well 35 kilometres from Grande Prairie.
March 16, 2020, 2:03 PM MDT
A successful drilling program at Kakwa North in 2019 resulted in a continued growth in reserves for Questerre Energy Corporation.
March 16, 2020, 12 AM MDT
Cathedral Energy Services Ltd.’s 2020 capital plan will be modest, and the company expects its net equipment additions (equipment additions less proceeds on equipment lost downhole) to be in the range of $nil to $2.5 million, depending on the level of lost-in-hole proceeds.
March 16, 2020, 9:13 AM MDT
Obsidian Energy Ltd. has reached an agreement with its noteholders to amend the senior note agreements to align all note maturity dates to Nov. 30, 2021.
March 16, 2020, 9:30 AM MDT
Horizon North Logistics Inc. has announced plans to join with Dexterra Integrated Facilities Management to create a “pan-Canadian” support services company.
March 16, 2020, 10:48 AM MDT
TransGlobe Energy Corporation reported total sales in Canada of US$22.74 million in 2019, up from $21.03 million in 2018 along with higher commodity prices averaging $26.75/boe compared to $25.17/boe the previous year. (All figures are in US dollars unless otherwise stated).
March 16, 2020, 12 AM MDT
Keyera Corp. says it takes a long-term view of its business and remains committed to its strategy of delivering steady disciplined growth to create long-term value for shareholders.
March 16, 2020, 11:26 AM MDT
March 16, 2020, 10:55 AM MDT
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March 16, 2020, 9:05 AM MDT