Strathcona Resources Inc.’s anticipated 2024 capital budget of $1.3 billion continues to progress as planned though the company has deferred some activity due to weak natural gas prices.
March 27, 2024, 10:54 AM MDT
Construction of Vermilion Energy Inc.’s 16,000 boe/d Mica Montney battery is progressing as planned and remains on schedule for a mid-year start-up, the company noted in Q4 and year-end results.
March 13, 2024, 6 AM MDT
While fourth quarter of 2023 production at Kiwetinohk Energy Corp. was flat year-over-year, it was a banner year overall for output.
March 8, 2024, 12 AM MST
Crew Energy Inc. reported production of 30,178 boe/d in 2023, down slightly from 33,277 boe/d the previous year.
March 8, 2024, 4:59 AM MST
Kelt Exploration Ltd.’s average production for the three months ended Dec. 31, 2023 was 32,344 boe/d, up 15 per cent compared to average production of 28,036 during the fourth quarter of 2022.
March 8, 2024, 12 AM MST
While Tourmaline Oil Corp. is cutting its capital expenditures in 2024 and expects to keep natural gas production flat in response to low prices, it remains bullish the pull on natural gas from the startup of LNG Canada in 2025 will push prices higher.
March 7, 2024, 12:31 PM MST
Increased well productivity, combined with gas market diversification, helped Tourmaline Oil Corp. deliver net earnings of slightly under $1.74 billion in 2023, despite low gas prices throughout the year.
March 7, 2024, 7:34 AM MST
Coelacanth Energy Inc. outlined a capital budget of up to $128 million to be invested in 2024 and Q1 2025.
March 7, 2024, 12 AM MST
Pipelines and storage are areas Enbridge Inc. has identified as ways to achieve an upper-hand in LNG development.
March 6, 2024, 3 PM MST
Tourmaline Oil Corp. is cutting forecast capital spending from $2.35 billion to $2.13 billion in 2024 due to current low natural gas prices, the company said in its year-end 2023 earnings report.
March 6, 2024, 3:31 PM MST
Michael Belenkie, president and CEO of Advantage Energy Ltd., called the company’s 2023 results “exceptional” citing record production, record well results, and continued significant share buybacks, with the year ending well below the company’s net debt target.
March 6, 2024, 6 AM MST
Advantage Energy Ltd. has announced it is reducing its capital spending for 2024 by $40 million at the midpoint without changing its production guidance for the year or, president and CEO Michael Belenkie added, compromising the company’s long-term adjusted funds flow [AFF] per share.
March 5, 2024, 11:03 AM MST
During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.
March 4, 2024, 3:11 PM MST
Crescent Point Energy Corp. continues delineating its recently acquired Duvernay and Montney land base while fine-tuning its drilling and completions strategies to deliver long-term sustainable production and free cash flow.
March 1, 2024, 9:24 AM MST
Ovintiv Inc. expects to run three to four rigs and one completion crew in the Montney in 2024, targeting 60 to 70 wells in the condensate windows in both Alberta and B.C., executive vice-president and chief operating officer Greg Givens told analysts at the company’s 2023 fourth quarter and year-end conference call.
February 28, 2024, 2:01 PM MST
Trican Well Service Ltd.’s fourth quarter results for 2023 met guidance and market expectations, with president and CEO Brad Fedora saying “differentiation and modernization” is key to the company’s strategy in 2024.
February 27, 2024, 10:17 AM MST
In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.
February 22, 2024, 5:56 AM MST
As Kelt Exploration Ltd. has entered various agreements that provide the company with the ability to increase its raw gas processing capacity over the next three years.
February 22, 2024, 5:48 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
ARC Resources Ltd. added a fourth long term LNG supply agreement in the final quarter of 2023, with volumes contracted now approaching its target of sending 25 per cent of current production to international markets, company president and chief executive officer Terry Anderson told analysts at the company’s 2023 year-end conference call.
February 13, 2024, 8:57 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
Here are highlights from Crew Energy Inc.’s reserves report:
February 9, 2024, 6 AM MST
A new well completion design and real-time frack optimization resulted in improved Montney well productivity for Murphy Oil Corporation in 2023, Eric Hambly, executive vice-president of operations, told analysts at the company’s third quarter conference call.
January 29, 2024, 9:17 AM MST
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