Cardinal Energy Inc.’s capital expenditures for the fourth quarter were $41.3 million, consisting of $3.5 million on recompletions and workovers throughout its operating areas combined with $7.9 million on facilities and infrastructure upgrades.
March 18, 2024, 12 AM MDT
Saskatchewan’s February land sale generated $10.04 million.
February 8, 2024, 10:19 AM MST
Strathcona Resources Ltd. reported a year-over-year production increase of 23 per cent in the third quarter, resulting in steady financial performance, the company reported in its first quarter as a public company after its transaction with Pipestone Energy Corp. that closed in early October.
November 14, 2023, 6:53 AM MST
Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.
November 14, 2023, 7:01 AM MST
Gear Energy Ltd. has set a 2024 capital budget of $57 million.
November 10, 2023, 12 AM MST
During the third quarter Gear Energy Ltd. announced the start of a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.
November 10, 2023, 12 AM MST
During Q3/23, Surge Energy Inc. continued its core area Sparky development program, drilling a total of six gross (6.0 net) wells in the area.
November 6, 2023, 12 AM MST
Canadian Natural Resources Limited delivered record natural gas production in the first quarter and boosted overall volumes to 1.32 million boe/d from 1.28 million boe/d during the comparable period in 2022, representing a three per cent year-over-year increase.
May 4, 2023, 10:32 AM MDT
Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Saskatchewan’s oilpatch was hit hard by the COVID-19 pandemic and subsequent oil price crash in early 2020, with production declining by almost 70,000 bbls/d by year-end as wells were shut-in and field activity collapsed.
March 13, 2023, 12 AM MDT
Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
The Saskatchewan oil and gas sector is in bounceback mode after some tough years and the future looks promising for both industry and the province, says Bronwyn Eyre, minister of Energy and Resources.
March 28, 2022, 6 AM MDT
Part of Cenovus Energy Inc.’s acquisition deal with Husky Energy Inc. included the latter’s downstream assets in Lloydminster — the Husky Oil Refinery on the Alberta side of the border city, and the Husky Energy Upgrader on the Saskatchewan side.
December 9, 2021, 1:46 PM MST
While 2020 was a year in which many oil-weighted juniors focused on survival, 2021 is shaping up to be a “year of opportunity,” where Gear Energy Ltd. says it should again have the option of balancing excess free funds flow towards multiple strategic directions, including continued debt reduction, accelerated capital investment and associated growth or other returns to shareholders.
February 18, 2021, 2:33 PM MST
Renewables would be irrelevant without a critical baseload of natural gas, says Dale Shwed, president and chief executive officer of Crew Energy Inc.
February 17, 2021, 2:41 PM MST
The Feb. 2 Saskatchewan land sale generated $251,672 in bonus bids.
February 4, 2021, 10:04 AM MST
Baytex Energy Corp. has resumed drilling activity in the fourth quarter after two quarters of little to no capital spending in Canada.
November 3, 2020, 11:23 AM MST
The Saskatchewan government’s October land sale generated $760,849 in revenue for the province, an average of $120.21/ha.
November 2, 2020, 6:41 AM MST
The Saskatchewan government appears to be making its way through the periodic table in an effort to diversify its resource economy beyond oil and natural gas with royalty credits providing an incentive for new projects.
September 8, 2020, 9 AM MDT
Husky Energy Inc. reported first oil at the Spruce Lake Central thermal project in Saskatchewan.
September 2, 2020, 5:05 AM MDT
Husky Energy Inc. reported a second quarter net loss of $304 million compared to net earnings of $370 million during the same period in 2019 as earnings were impacted by the COVID-19-related economic downturn.
July 30, 2020, 10:53 AM MDT
Drilled-but-uncompleted (DUC) wells are “kind of the story for 2020,” specifically for the liquids-rich plays, says Scott Norlin, upstream Canada research associate at Wood Mackenzie Ltd. In reference to the year so far, he told the Bulletin: “The word ‘unprecedented’ has been used an unprecedented number of times.”
July 2, 2020, 7:07 AM MDT
Today, we feature the Energy Excellence Awards Champion in Innovation & Technology Excellence in the subcategory of Production: General Energy Recovery Inc. (GERI).
May 22, 2020, 6:33 AM MDT
The Saskatchewan April 7 public offering of crown petroleum and natural gas dispositions generated $1.72 million in bonus bids.
April 9, 2020, 11:32 AM MDT
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