ARC Resources Ltd.’s Attachie assets in northeast B.C. have the potential to grow to the size of its Kakwa condensate-rich assets in Alberta, which currently account for more than half the company’s almost 340,000 boe/d of production, president and chief executive officer Terry Anderson told analysts at ARC’s first quarter conference call.
May 5, 2023, 10:10 AM MDT
Enbridge Inc.’s top executive says the agreement in principle with shippers on a negotiated settlement on the Mainline liquids system is a “win-win-win for us, our customers and the markets we serve.”
May 5, 2023, 10:29 AM MDT
Tourmaline Oil Corp. continues to see exploration success drilling its undeveloped asset base in northeast B.C. and the Deep Basin area of western Alberta, company president and chief executive officer Mike Rose told analysts at the company’s first quarter 2023 conference call.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited will likely divert some 2023 capital away from its natural gas drilling and completion plans to crude pursuits in light of persistently weak natural gas prices, says Tim McKay, company president.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited continues to advance its strategic growth plan for its thermal in situ, and production in Q4/23 is targeted to average approximately 280,000 bbls/d, representing growth of approximately 30,000 bbls/d from fourth quarter 2022 levels, inclusive of natural field declines.
May 5, 2023, 12 AM MDT
Businesses are coming under increased pressure to innovate faster and at a lower cost in today’s energy market.
May 5, 2023, 6 AM MDT
Lower commodity prices took a bite out of ARC Resources Ltd.’s operating cash flow and free cash flow in the first quarter of 2023, but the company continued delivering cash back to investors through share buybacks and increased dividends.
May 5, 2023, 9:21 AM MDT
Natural Resources Minister Jonathan Wilkinson launched the Canada Electricity Advisory Council, an independent body of 19 experts who will provide the Government of Canada with advice on actions needed to achieve 2035 and 2050 net-zero emissions goals as they pertain to electricity.
May 5, 2023, 7:16 AM MDT
Enerflex Ltd. reported a strong first quarter, with record quarterly revenue of $825 million, up 20 per cent from the fourth quarter 2022 and representing revenue increases across all regions and product lines.
May 5, 2023, 6 AM MDT
A two-year $1.1 million project led by a University of Alberta researcher is underway in collaboration with industry to evaluate and optimize hydrogen storage in underground salt caverns as Alberta pursues its goal to become a hydrogen hub.
May 5, 2023, 7:03 AM MDT
Three energy regulator experts and former Alberta Energy Regulator senior employees are offering a course to help operators understand the new mandatory liability, closure and reclamation under Alberta’s Directive 88.
May 5, 2023, 12 AM MDT
May 5, 2023, 8:58 AM MDT
CDN Controls Ltd. has signed a formal relationship agreement with the Tsuut’ina Nation.
May 5, 2023, 6 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of the afternoon of May 5, 2023 as reported this morning by Rig Locator.
May 5, 2023, 11:34 AM MDT
The U.S. rig count is down seven from last week to 748 with oil rigs down three to 588, gas rigs down four to 157 and miscellaneous rigs unchanged at three.
May 5, 2023, 11:07 AM MDT
Expander Energy has signed an agreement with Rocky Mountain Clean Fuels Inc. to build its first biomass to liquids project and produce low carbon renewable bio-synthetic diesel by 2025.
May 5, 2023, 12 AM MDT
Baytex Energy Corp. reported strong results from its Peavine Clearwater development during the first quarter, and is also encouraged by a Clearwater equivalent test well at Morinville as well as early results in the Duvernay.
May 5, 2023, 11:20 AM MDT
On closing of the Ranger Oil Corporation merger, Baytex Energy Corp. intends to appoint two independent directors from the Ranger board of directors to the Baytex board of directors.
May 5, 2023, 12 AM MDT
May 5, 2023, 8:47 AM MDT
Pason Systems Inc. generated $98.2 million in revenue in the first quarter of 2023, representing a 32 per cent increase from the $74.5 million generated in the first quarter of 2022 as drilling activity improved across Pason's operating regions.
May 5, 2023, 12 AM MDT
AKITA Drilling Ltd.’s net income increased to $9.52 million in the first quarter of 2023 from a loss of $2.93 million during the same period of 2022.
May 5, 2023, 12 AM MDT
Perpetual Energy Inc. invested $9.1 million in exploration and development spending in Q1 to drill, complete, equip and tie-in a two (1.0 net) well pad at East Edson, targeting the Wilrich formation, and install related pipeline infrastructure.
May 5, 2023, 12 AM MDT
Essential Energy Services Ltd.’s revenue for the three months ended March 31, 2023 was $45.9 million, 22 per cent higher than the same prior year quarter.
May 5, 2023, 12 AM MDT
Enerplus Corporation’s North Dakota production averaged 66,656 boe/d during the first quarter of 2023, an increase of 16 per cent compared to the same period a year ago.
May 5, 2023, 12 AM MDT
May 5, 2023, 12 AM MDT
May 5, 2023, 8:51 AM MDT
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