Like virtually all of its western Canadian E&P brethren, Peyto Exploration & Development Corp. is increasingly feeling the pinch of inflationary pressures in most aspects of its operations.
May 13, 2022, 12 AM MDT
Oilfield service pricing has improved in the last year but rampant cost inflation for materials and labour means margins remain stubbornly flat at unsustainable levels, Trican Well Service Ltd. president and chief executive officer Brad Fedora told analysts at the company’s first quarter conference call Thursday morning.
May 13, 2022, 2:43 PM MDT
Tidewater Midstream and Infrastructure Ltd. expects to announce a final investment decision in the near-term for its Pipestone Natural Gas Plant Phase 2 expansion to add 100 mmcf/day of sour gas processing to the facility.
May 13, 2022, 9:43 AM MDT
Tidewater Renewables Ltd. reported significant progress on the construction of its Hydrogen-Derived Renewable Diesel complex during Q1 2022, while simultaneously announcing a strategic renewable natural gas and feedstock partnership with a large feedlot operator.
May 13, 2022, 9:58 AM MDT
May 13, 2022, 8:16 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 13, 2022 as reported this morning by Rig Locator.
May 13, 2022, 11:34 AM MDT
The U.S. rig count is up nine from last week to 714 with oil rigs up six to 563, gas rigs up three to 149 and miscellaneous rigs unchanged at two.
May 13, 2022, 11:07 AM MDT
Consumable chemical supplier CES Energy Solutions Corp. generated record revenue of $401.3 million in the first quarter of 2022, an increase of $33.5 million or nine per cent compared to the final quarter of 2021. Revenues were up 54 per cent compared to the first quarter of 2021.
May 13, 2022, 7:40 AM MDT
Essential Energy Services Ltd.’s Q1 revenue climbed to $37.7 million, 25 per cent higher than the same prior year quarter as a result of increased activity due to improved industry conditions.
May 13, 2022, 12 AM MDT
Stampede Drilling Inc.’s strong 2021 results continued into 2022, with all 10 of its marketable rigs being fully crewed and operational during the first quarter.
May 13, 2022, 12 AM MDT
May 13, 2022, 12 AM MDT
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