Spartan Delta Corp. is reducing its 2024 forecast operating costs by nine per cent to $6.07/boe and reducing its capital expenditures, before A&D, by $5 million to $125 million, exclusive of Duvernay activity, while production guidance remains unchanged at 38,500 – 40,500 boe/d.
February 27, 2024, 12 AM MST
In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.
February 27, 2024, 12 AM MST
Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 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
Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.
February 16, 2024, 6:28 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
Bonterra Energy Corp. has continued to advance development of its significant Montney discovery at Valhalla following the drilling of first test well in Q3 2023 at 04-03-074-6W6, located on a block of 100 per cent owned lands covering 45 sections.
February 14, 2024, 5:39 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 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
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Saturn Oil & Gas Inc. reported 145.3 million boe of total proved + probable (TP+P) reserves for 2023, representing a 131 per cent year over year increase.
January 31, 2024, 12 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
In Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 386 mmcf/d in the fourth quarter, with no new wells brought online.
January 26, 2024, 9:51 AM MST
The Montney formation dominated gas drilling in 2023, representing almost two-thirds of wells drilled.
January 22, 2024, 7:09 AM MST
With natural gas prices down over 40 per cent compared to 2022, Deep Basin operators targeted NGLs and oil inventory in 2023.
January 18, 2024, 6 AM MST
Like the Montney and Duvernay unconventional resource plays, continued technological advances in drilling and completions keep the Deep Basin competitive in global energy markets throughout oil and gas commodity cycles.
January 17, 2024, 6 AM MST
Almost 50 years after Canadian Hunter Exploration drilled the first Deep Basin natural gas discovery well in 1976 at Elmworth exploration and development activity remains strong.
January 16, 2024, 6 AM MST
Clarity that came through government announcements last year is helping to drive a recent ramp up in inquiries at the Greenview Industrial Gateway, according to its executive director.
January 12, 2024, 12 AM MST
NuVista Energy Ltd. reported record quarterly production and share repurchases in the fourth quarter of 2023.
January 12, 2024, 2:01 PM MST
Paramount Resources Ltd. has updated its recent Duvernay development activities
January 9, 2024, 12 AM MST
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