Data compiled by Evaluate Energy for this week’s guidance report shows that a basket of Canadian-based companies that have announced 2021 spending plans will have a combined $1.66-billion boost across the 25 companies, representing an increase in 2021 of 13 per cent over currently reported 2020 guidance for the same companies.
January 12, 2021, 10:34 AM MST
Tamarack Valley Energy Ltd. outlined a 2021 capital budget of $105 to $110 million on Monday, which will be designed to raise corporate oil production by 30 per cent on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance sheet with a debt to trailing annual adjusted funds flow of less than 1.5 times.
January 12, 2021, 12 AM MST
Total Energy Services Inc.’s preliminary 2021 capital expenditure budget is $9.1 million.
January 12, 2021, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 12, 2021, as reported this morning by Rig Locator.
January 12, 2021, 11:32 AM MST
Three Canadian upstream M&A deals rank in the 10 largest E&P transactions by acquisition value around the world in the past decade, according to new data from Evaluate Energy.
January 12, 2021, 7:45 AM MST
The Daily Oil Bulletin has published the December edition of the On The Move newsletter.
January 12, 2021, 11:09 AM MST
Canada’s largest helium purification facility will soon begin production in Saskatchewan. Calgary-based North American Helium (NAH) began construction of the plant near Battle Creek, in southwest Saskatchewan, in the fall of 2020 and it is expected to be in-service by July, 2021.
January 12, 2021, 6 AM MST
Don't miss the SPE Virtual Thermal Well Integrity and Design Symposium, rescheduled for 26–28 January 2021, the premier industry event of the thermal well community where participants share their recent experiences, solutions, and on-going challenges associated with the design, drilling, operation, and decommissioning of thermal wells.
January 12, 2021, 6 AM MST
January 12, 2021, 11:13 AM MST
Petrus Resources Ltd.’s board of directors has approved a first quarter 2021 capital budget of $9 million to drill three (2.1 net) Cardium wells in the Ferrier area.
January 12, 2021, 3:12 PM MST
Alberta Innovates and the Natural Sciences and Engineering Research Council of Canada (NSERC) are joining together in a partnership to help researchers in Alberta’s universities develop their innovations into commercial emerging technologies.
January 12, 2021, 1:33 PM MST
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