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
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
Crescent Point Energy Corp.’s entry into Alberta’s Kaybob Duvernay formation in 2021 has succeeded to the point where the purchase will have paid for itself by the end of the first quarter 2023, investors were told during the company’s fourth-quarter results conference call.
March 3, 2023, 6:33 AM MST
In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.
March 2, 2023, 12 AM MST
Current weakness in natural gas markets has Ovintiv Inc. shifting capital away from its Anadarko natural gas resource play into its U.S. oil plays and condensate-rich areas of the Montney, chief executive officer Brendan McCracken told analysts Tuesday at the company’s 2022 year-end and fourth quarter conference call.
March 1, 2023, 12 AM MST
High commodity prices resulted in Ovintiv Inc. generating net earnings of $3.6 billion in 2022, with free cash flow of $2.3 billion after capital expenditures of $1.8 billion.
February 28, 2023, 10:17 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST
Saturn Oil & Gas Inc.’s $525-million acquisition of Ridgeback Resources Inc. adds two mature tight oil plays in the Bakken and Cardium to its rapidly growing asset base, which the company says will provide long-term steady production and free cash flow once debt is paid down.
January 24, 2023, 10:29 AM MST
Crescent Point Energy Corp. reported a slight increase in Q3 output as it continues to generate strong operational results in its Kaybob Duvernay play, resulting in attractive asset level returns.
October 26, 2022, 11:28 AM MDT
Improved productivity has kept supply costs stable, but inflation now hitting hard as service companies struggle to find solid ground
August 4, 2022, 6 AM MDT
July 19, 2022, 12 AM MDT
June 14, 2022, 12 AM MDT
Devon Energy Corporation has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million.
June 8, 2022, 2:11 PM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 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
When Baytex Energy Corp. entered the Pembina Duvernay in 2018 following its strategic combination with Raging River Exploration Inc., the play was well down the list of priorities for the newly-merged entity as it focused on more mature assets like the Viking and Eagle Ford.
March 2, 2022, 5:34 AM MST
Enerplus Corporation described 2021 as a “transformational year” for the company, where it completed two acquisitions.
February 28, 2022, 12 AM MST
PrairieSky Royalty Ltd. reported an “exceptional year” for its business in 2021, says executive management, and the firm expects 2022 will be an active year in Canadian energy including through drilling activity on its properties.
February 8, 2022, 8:29 AM MST
November 16, 2021, 9:42 AM MST
Crescent Point Energy Corp. is focusing on improving the company’s economics in the Kaybob Duvernay play, which it says are already highly competitive.
October 28, 2021, 11:22 AM MDT
October 25, 2021, 12 AM MDT
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT
ConocoPhillips’s Canadian unit reversed a net loss from last year in the second quarter, and reported higher production during the three-month period.
August 3, 2021, 8:40 AM MDT
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