Topaz Energy Corp. has completed its previously announced initial public offering (IPO).
October 26, 2020, 7:34 AM MDT
October 20, 2020, 7:23 AM MDT
Canadian Natural Resources Limited has closed the acquisition of Painted Pony Energy Ltd.
October 6, 2020, 9:51 AM MDT
Calgary-based West Coast Olefins Ltd. in the coming weeks expects to file an application with the BC Oil and Gas Commission (OGC) for a straddle plant in the Prince George, British Columbia area, says the company’s chief executive.
October 5, 2020, 9:41 AM MDT
Painted Pony Energy Ltd.’s shareholders and optionholders voted to approve its proposed takeover by Canadian Natural Resources Limited.
October 2, 2020, 4:21 AM MDT
British Columbia has allocated the first $50 million under its Dormant Sites Reclamation Program, supporting upwards of 1,200 local jobs at 79 oilfield service companies within the province, and reclaiming 1,880 wells
September 21, 2020, 12 AM MDT
Hydrogen provides an opportunity for energy companies to innovate, diversify and attract new investments, and blending hydrogen gas into existing pipelines would let producers quickly access lucrative West Coast and overseas markets.
September 16, 2020, 9:22 AM MDT
Merger and acquisition (M&A) activity in the Montney has steadily increased over the past year and that likely signals the continuation of a trend of consolidation in the liquids-rich play, say analysts and other industry experts.
August 31, 2020, 7:29 AM MDT
Painted Pony Energy Ltd. signed an agreement to extend its annual borrowing base redetermination date from Aug. 31, 2020 to the earlier of either Oct. 31, 2020 or the date on which the arrangement between Painted Pony and Canadian Natural Resources Limited is unable to be completed.
August 31, 2020, 2:40 PM MDT
The Canada Energy Regulator (CER) has refused a NOVA Gas Transmission Ltd. (NGTL) request that it hold a hearing into an application from Westcoast Energy Inc. for additional metering capability at its existing Sunset Creek compressor station (CS-16).
August 21, 2020, 10:20 AM MDT
ConocoPhillips has completed the acquisition of additional Montney acreage in Canada from Kelt Exploration Ltd.
August 21, 2020, 2:58 PM MDT
Canadian Spirit Resources Inc. has initiated a process to identify and pursue strategic alternatives to maximize the value of the company's Montney resource base at Farrell Creek, Altares and Attachie.
August 20, 2020, 12 AM MDT
Waterous Energy Fund will combine private operators Strath Resources Ltd. and Cona Resources Ltd. to form the new Strathcona Resources Ltd.
August 14, 2020, 7:22 AM MDT
Capital investment in the third quarter for Storm Resources Ltd. is expected to be $10–$15 million, which will include drilling four wells (4.0 net) from an existing pad at Nig Creek plus starting the completions in late September.
August 13, 2020, 7:31 AM MDT
Birchcliff Energy Ltd. believes that commodity prices for natural gas will continue to strengthen towards the end of 2020 and into 2021 as a result of the massive reductions in capital spending throughout North America due to the reduced demand for oil and volatile commodity prices.
August 13, 2020, 9:24 AM MDT
Following the announcement on Monday that it is being acquired by Canadian Natural Resources Limited, Painted Pony Energy Ltd. reported its Q2 results where it reported a higher net loss and negative funds flow.
August 13, 2020, 10 AM MDT
Growing B.C.’s LNG industry could create 96,550 new jobs, boost total wages in Canada by more than $6 billion, and increase Canada’s GDP by $11 billion every year, according to a Conference Board of Canada (CBoC) report, A Rising Tide: The Economic Impact of B.C.’s liquefied natural gas industry.
August 11, 2020, 12 AM MDT
Canadian Natural Resources Limited is acquiring Painted Pony Energy Ltd. for a cash consideration of 69 cents/share.
August 10, 2020, 3:49 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 10, 2020, as reported this morning by Rig Locator.
August 10, 2020, 11:46 AM MDT
In the Tupper Montney, natural gas production averaged 237 mmcf/d for the quarter, reported Murphy Oil Corporation. No activity occurred in the second quarter, and none is planned for the remainder of 2020.
August 10, 2020, 9:28 AM MDT
Crew Energy Inc. has increased the 2020 exploration and development budget to $75-85 million, reflecting an anticipated 10-day turnaround at the Septimus processing facility and a 30-day turnaround at the McMahon gas plant.
August 10, 2020, 8:59 AM MDT
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT
ARC Resources Ltd. is targeting a capital budget of $300 million for 2020 and plans to deploy the majority of the remaining capital to natural gas development activities at Dawson and Sunrise.
July 31, 2020, 12 AM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
AltaGas Ltd. managed to do something in its second quarter that is somewhat unique these days in the Canadian oil and gas sector — produce a solid profit and even provide an optimistic outlook — despite the headwinds created by the COVID-19 pandemic.
July 30, 2020, 9:42 AM MDT