Cathedral Energy Services Ltd. acquired the operating assets of Compass Directional Services Ltd. for $9.5 million.
June 23, 2022, 12 AM MDT
Tourmaline Oil Corp.’s marketing and transportation approach is proving to be a difference-maker.
June 3, 2022, 5:18 AM MDT
Coelacanth Energy Inc., which was formed as part of Vermilion Energy Inc.’s acquisition of Leucrotta Exploration Inc., will begin life with output of 355 boe/d.
May 26, 2022, 6:14 AM 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
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 AM MDT
Pieridae Energy Limited saw its net operating income (NOI) and adjusted funds flow from operations both rally over the first three months of 2022 compared to the same period a year earlier.
May 12, 2022, 3:56 PM MDT
With Canada’s energy industry almost fully recovered from the pandemic downturn, LNG export demand should launch the next major phase of natural gas production growth, and with it will come increased liquid production that will need new markets, according to the leaders of three large infrastructure operators.
May 11, 2022, 9:32 AM MDT
Birchcliff Energy Ltd. anticipates that it will generate adjusted funds flow of $1.18 billion and free funds flow of $920 million to $940 million in 2022 based on current strip pricing.
May 11, 2022, 2:31 PM MDT
Keyera Corp. reported realized cash flow from operating activities of $457 million in the first quarter of 2022, a 70 per cent increase compared with $268 million for the same period in 2021. The jump in cash flow was driven largely by a major increase in revenues from its marketing division.
May 10, 2022, 8:49 AM MDT
Ovintiv Inc. has raised its full year capital investment guidance to approximately $1.7–$1.8 billion from $1.5 billion.
May 9, 2022, 3:56 PM MDT
Paramount Resources Ltd. says it has significant opportunities within its near-term identified development project inventory that could take the company to nearly 150,000 boe/d.
May 9, 2022, 7:54 AM MDT
ARC Resources Ltd.’s May 2021 acquisition of Seven Generations Energy Ltd. continues to pay off as the company was able to push production levels, free cash flow generation and returns to shareholders higher in the first quarter.
May 6, 2022, 9:48 AM MDT
Although no new wells have been approved in B.C. since August 2021, Canadian Natural Resources Limited says its Montney operations have only been moderately impacted.
May 6, 2022, 12 AM MDT
Tourmaline Oil Corp. has bolstered its long-term associated Conroy facilities plan with additional interest in two plants.
May 6, 2022, 8:53 AM MDT
Crew Energy Inc. achieved average daily production of 33,399 boe/d during the first quarter of 2022, which is up 27 per cent from Q1 2021, thanks largely to progress achieved so far on the company’s two-year development plan.
May 6, 2022, 6:07 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Tourmaline Oil Corp. is expanding its exploration and production capital spend in 2022, according to a report covering the company’s results in the first quarter of this year.
May 5, 2022, 12 AM MDT
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.
May 5, 2022, 11:18 AM MDT
Production of natural gas, crude oil, condensate and natural gas liquids (NGL) all reached double-digit percentage gains for Tourmaline Oil Corp. year-over-year in the first quarter of 2022.
May 5, 2022, 1:22 PM MDT
Murphy Oil Corporation has decided to alter development plans for its Tupper Montney asset, which allowed it to maintain its 2022 well delivery plans by drilling longer laterals that will ultimately lead to higher well recoveries, it said this morning.
May 4, 2022, 11:10 AM MDT
Athabasca Oil Corporation planning to utilize 100 per cent of near‐term free cash flow to reduce its term debt and is anticipating being in a net cash position by year end 2022 at current commodity prices.
May 3, 2022, 4:46 PM MDT
Precision Drilling Corporation reported strong demand for its services in Canada during the first quarter of 2022, with customers extending the winter drilling programs well into the traditional spring breakup period, driving first quarter activity up almost 15 per cent from the same period last year.
May 2, 2022, 12 AM MDT
Imperial Oil Limited’s president and CEO Brad Corson said the previously announced marketing process for Imperial and ExxonMobil Canada’s interests in XTO Energy Canada is ongoing, with bids received now under evaluation.
April 29, 2022, 11:30 AM MDT
An oil and gas company with plays in B.C. and Alberta says its considerable land holdings offer it a leg-up in the market.
April 21, 2022, 2:44 PM MDT
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