Kelt Exploration Ltd. recorded the highest quarterly average production in its 10-year history during the first quarter of 2023.
May 4, 2023, 6:04 AM MDT
Whitecap Resources Inc. is taking a break from deal-making in 2023 after a flurry of post-pandemic activity, company president and chief executive officer Grant Fagerheim told analysts at the company’s first quarter 2022 conference call Thursday.
April 27, 2023, 2:02 PM MDT
Kelt Exploration Ltd. is almost done delineating its Alberta Montney assets and will move into the development phase in 2023, company president and chief executive officer David Wilson said at its annual general meeting last week.
April 25, 2023, 12 AM MDT
ConocoPhillips has successfully completed its appraisal stage in the Montney and is moving to development.
April 12, 2023, 7:32 AM MDT
B.C. Montney operators increased natural gas production over the last two years despite uncertainty from the Blueberry River First Nations (BRFN) licensing delay, a royalty review and update, and a growing provincial focus on emissions reduction.
April 3, 2023, 5:21 AM MDT
The British Columbia Energy Regulator (BCER) has provided an update on one initiative underway in Treaty 8 territory between the Blueberry River First Nations (BRFN) and the province to collaboratively develop a new framework for water management.
March 29, 2023, 1:53 PM MDT
Vermilion Energy Inc. posted a production average through its North American operations of 58,499 boe/d during the fourth quarter of 2022. This represents a two per cent rise from the previous quarter.
March 9, 2023, 3:49 PM MST
Crew Energy Inc.’s 2023 net capital expenditures have been lowered to $190 to $210 million, from the original budget of $230 to $250 million.
March 9, 2023, 12 AM MST
Paramount Resources Ltd. is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.
March 7, 2023, 11:01 AM MST
Kelt Exploration Ltd. has reduced its 2023 capital expenditure program to $285.0 million, down from $310.0 million in its previous guidance.
March 3, 2023, 7:01 AM MST
Kelt Exploration Ltd.’s average production in Q4 was 28,036 boe/d, up nine per cent compared to average production of 25,815 boe during the fourth quarter of 2021.
March 3, 2023, 7:29 AM MST
A 14 per cent increase in production, combined with continued diversification of natural gas markets, resulted in record financial performance for Tourmaline Oil Corp. in 2022.
March 2, 2023, 8:14 AM MST
With minimal net debt and continued strong free cash flows projected into 2023, Tourmaline Oil Corp. is keeping a close watch on M&A markets while considering a formalized share buyback program or increased dividends to return capital to shareholders, company president and chief executive officer Mike Rose told shareholders at Tourmaline’s 2022 year-end and fourth quarter conference call.
March 2, 2023, 12:31 PM MST
AltaGas Ltd. says the B.C. government’s deal with Blueberry River First Nations (BRFN) is a positive development for the region, and the company is poised to benefit via its existing infrastructure.
March 2, 2023, 8:52 AM MST
The new B.C. government royalty regime being rolled out over the next year-and-a-half puts a significant focus on environmental, climate change and Indigenous issues, while laying out a new royalty structure that addresses modern production technologies and shifts in the production mix in the massive Montney unconventional resource play, Grant Nulle, executive director for Strategic Projects and Policy for the B.C. government, told a packed house at the recent Canadian Society for Evolving Energy (CSEE) B.C. Day event in Calgary.
February 27, 2023, 10:25 AM MST
Whitecap Resources Inc. achieved record annual production in 2022 and set company high watermarks for funds flow from operation and other financial performance metrics as its spree of acquisitions since 2020 backstopped the strong results.
February 23, 2023, 11:14 AM MST
While the B.C. government continues hammering out long-term land use plans with the Blueberry River First Nations to balance industrial development with treaty rights on its traditional territory laid out in the Jan. 28 Implementation Agreement, it is also working with other Treaty 8 First Nations in the area on similar efforts, government officials said at the Canadian Society for Evolving Energy (CSEE) B.C. Day event in Calgary this week.
February 17, 2023, 5:58 AM MST
During the first half of 2022, Kelt Exploration Ltd. determined that additional gas processing capacity expected to be made available to the company in the Wembley/Pipestone area at a third-party facility was postponed until later in 2023 or early in 2024.
February 16, 2023, 6:13 AM MST
Canada’s largest condensate producer ARC Resources Ltd. is bullish on future demand for oilsands diluent and plans to continue leading the pack in meeting that demand, company executives said at its 2022 fourth quarter and year-end conference call Friday.
February 13, 2023, 10:42 AM MST
With an agreement in place with Blueberry River First Nations restarting activity in northeast B.C., ARC Resources Ltd. plans to ramp up drilling on its core assets at Sunrise and Greater Dawson in 2023 to make up for lost ground.
February 13, 2023, 10:46 AM MST
ARC Resources Ltd.’s ability to a shift drilling activity to condensate-rich targets to take advantage of higher prices while leveraging its access to higher priced U.S. gas markets played a significant role in its record 2022 results, company president and chief executive officer Terry Anderson told analysts at the company’s year-end conference call.
February 13, 2023, 2:18 PM MST
With drilling operations in the B.C. Montney slowed to a crawl due to the now-resolved Blueberry First Nations consultations, ARC Resources Ltd. focused its efforts on its Alberta Kakwa condensate play in 2022, which helped the company deliver record fourth quarter and annual results.
February 10, 2023, 7:36 AM MST
Houston-based Murphy Oil Corporation continued to advance its Tupper Montney asset in the fourth quarter and announced this morning it will spend US$125 million in the play this year.
January 26, 2023, 10:45 AM MST
The B.C. government and four Treaty 8 First Nations, including Fort Nelson, Saulteau, Halfway River and Doig River First Nations, have reached consensus on a collaborative approach to land and resource planning.
January 20, 2023, 2:07 PM MST
While the agreement between Blueberry River First Nations and the Government of British Columbia announced yesterday appears to open the door for industry activity, it also raises new questions about what that may look like.
January 19, 2023, 10:51 AM MST
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