Peyto Exploration & Development Corp. says the recent spate of merger and acquisition (M&A) activity in Western Canada and elsewhere in North America doesn’t come as a surprise given the prolonged weak industry conditions.
November 12, 2020, 1:59 PM MST
While specifics of its 2021 budget are not yet finalized, Peyto Exploration & Development Corp.’s president and CEO says the company is currently considering a 2021 capital program of $300-$350 million which would be funded entirely from free cash flow.
November 12, 2020, 10:47 AM MST
Peyto Exploration & Development Corp. increased drilling activity in the third quarter with four drilling rigs active across the company’s Deep Basin core areas.
November 12, 2020, 11:12 AM MST
Timothy Louie, Peyto Exploration & Development Corp.’s vice-president of land, will be retiring at the end of November 2020.
November 12, 2020, 8:46 AM MST
Total Canadian oil supply is expected to decline by roughly 340,000 bbls/d in 2020 followed by a 300,000-bbl/d recovery next year, the International Energy Agency (IEA) reported today in its monthly oil report.
November 12, 2020, 4:01 AM MST
Methane emissions in Canada continue to decline but there remain significant opportunities for further reductions. The CERI Methane Emissions Management (MEM) course is targeted at executive and senior managers responsible for the natural gas portfolio.
November 12, 2020, 5:36 AM MST
Calfrac Well Services Inc. is further reducing its full-year 2020 capital budget by 27 per cent to $40 million, doing so in response to current market conditions.
November 12, 2020, 11:46 AM MST
Less than a year ago, it’s unlikely any forecaster would have predicted that global oil demand would drop below 92 million barrels per day in the next decade or two — let alone in a few months.
November 12, 2020, 5:36 AM MST
Alberta Environment and Parks Minister Jason Nixon has set the price for the amount of money that must be contributed to the Technology Innovation and Emissions Reduction (TIER) fund to obtain one fund credit for the years 2020 and 2021.
November 12, 2020, 8:49 AM MST
Acceleware Ltd. has established Acceleware | Kisâstwêw, a limited partnership with Saa Dene Group.
November 12, 2020, 6 AM MST
November 12, 2020, 10:17 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 12, 2020, as reported this morning by Rig Locator.
November 12, 2020, 11:54 AM MST
The Minnesota Pollution Control Agency announced approvals for Enbridge Inc.'s Line 3 project, including the 401 Water Quality Certification.
November 12, 2020, 2:12 PM MST
Although lower than the same quarter of 2019, there were 32 (2.1 net) wells drilled on Freehold Royalties Ltd.’s royalty lands in Q3 2020.
November 12, 2020, 12 AM MST
The results from Birchcliff Energy Ltd.’s 14-well pad demonstrate the extension of the Gordondale light oil pool into the northeastern area of Pouce Coupe, which provides the company with significantly more potential condensate/light oil drilling opportunities.
November 12, 2020, 3:48 PM MST
Although Birchcliff Energy Ltd. has not yet finalized its 2021 capital spending plans, it is currently targeting F&D capital spending of $200 million to $220 million and an annual average production rate of 78,000 to 80,000 boe/d.
November 12, 2020, 3:36 PM MST
Ovintiv Inc. named Brendan McCracken as president, effective Dec. 1, 2020.
November 12, 2020, 5:03 AM MST
Tourmaline Oil Corp. spin-off Topaz Energy Corp. generated revenue and other income of $26.4 million and $69.2 million for the three and nine months ended Sep. 30, 2020, respectively.
November 12, 2020, 7:58 AM MST
An engineering and scoping study for a large-scale industrial gas polygeneration facility, located in Saskatchewan, has been started by Royal Helium Ltd. and will be conducted by the Saskatchewan Research Council (SRC).
November 12, 2020, 7:25 AM MST
November 12, 2020, 11:02 AM MST
November 12, 2020, 11:10 AM MST
As part of its efforts to reduce costs, the Alberta Energy Regulator (AER) will not be renewing the lease on the building that houses its Wainwright Field Centre when it expires on Dec. 31, 2020.
November 12, 2020, 10:55 AM MST
November 12, 2020, 11:30 AM MST
November 12, 2020, 7:50 AM MST
November 12, 2020, 7:40 AM MST
November 12, 2020, 7:44 AM MST