During the quarter to date, two 100 per cent working interest two-mile Harmattan horizontal Cardium reservoir wells were drilled in the South Harmattan area, completing TransGlobe Energy Corporation’s four well winter drill campaign.
June 20, 2022, 12 AM MDT
Obsidian Energy Ltd. boosted guidance following a successful first half program.
June 16, 2022, 5:36 AM MDT
After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
As crude oil and liquids prices remain strong, activity in the Cardium play in central Alberta continues to show signs of rebounding from a slowdown in recent years.
May 25, 2022, 4:30 AM MDT
This month’s infographic looks at licensing, drilling and production trends in the Cardium to get a sense of operator intentions. It also reviews completions technologies, and future technologies and developments that could play a role in revitalizing the play.
May 24, 2022, 6 AM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Petrus Resources Ltd.’s production was up 25 per cent quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021.
May 12, 2022, 1:20 PM MDT
The supply of steel casing and tubular products required to drill wells has been a big issue identified by InPlay Oil Corp.
May 11, 2022, 7:38 AM MDT
Two 100 per cent working interest (one two-mile, and one one-mile) horizontal Cardium wells were drilled in the South Harmattan area, reported TransGlobe Energy Corporation in its Q1 report.
May 11, 2022, 9:09 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Bonterra Energy Corp.’s production averaged 13,287 boe/d in Q1 2022, 12 per cent higher than Q1 2021, reflecting an active drilling program along with the continued reactivation of wells that were previously shut-in voluntarily due to low commodity prices.
May 10, 2022, 3:12 PM MDT
Obsidian Energy Ltd.’s first half 2022 development program started with increased activity across its Willesden Green, Pembina, and Peace River areas.
May 4, 2022, 8:43 AM MDT
Benefitting from recent acquisitions and strong commodity prices, Whitecap Resources Inc. says operational and financial momentum continued in Q1 with record-setting results achieved on many levels.
April 28, 2022, 11:13 AM MDT
Royalty companies are currently seeing a surge in interest from producers in fee title land leasing.
April 13, 2022, 6:17 AM MDT
Obsidian Energy Ltd. continues to add to its substantial land position in the Peace River area.
April 12, 2022, 6 AM MDT
The strong results of its recent development program contributed to Obsidian Energy Ltd.’s first quarter 2022 production of approximately 29,400 boe/d.
April 12, 2022, 6:22 AM MDT
TransGlobe Energy Corporation says two 100 per cent working interest (one two-mile, and one one-mile) Harmattan horizontal Cardium reservoir wells were drilled in the South Harmattan area of its Canada land holdings, with stimulation and equipping anticipated in June 2022.
April 6, 2022, 4:54 AM MDT
Natural gas is far more than a bridge fuel and demand is expected to climb in the decades to come as emerging economies continue to grow and energy security concerns mount, says Keyera Corp. president and CEO Dean Setoguchi.
March 29, 2022, 3 PM MDT
TransGlobe Energy Corporation reported a year-over-year decrease in production volumes for Q4 and full-year 2021, primarily due to natural well declines in Egypt, and partially offset by the restart of Eastern Desert drilling and well optimization activities.
March 18, 2022, 8:35 AM MDT
InPlay Oil Corp.’s capital program for the first quarter of 2022 was started in mid-December 2021 due to the availability of services and the desire to take advantage of strong commodity prices, including winter natural gas prices.
March 16, 2022, 7:21 AM MDT
Bonterra Energy Corp.’s output averaged 12,747 boe/d in 2021, a 21 per cent increase over 2020.
March 10, 2022, 6:03 AM MST
Peyto Exploration & Development Corp.’s funds from operations surged 121 per cent in 2021 to $470 million in due to higher realized commodity prices and higher production.
March 9, 2022, 4:34 PM MST
Subsequent to year end 2021, Peyto Exploration & Development Corp. successfully negotiated and closed the purchase of a private junior producer in the Brazeau River area for $22 million.
March 9, 2022, 4:13 PM MST
Yangarra Resources Ltd. remains committed to a “disciplined” one-rig, 30 well program, with the balance of free-cash flow generated to be used for debt retirement until the company achieves its debt targets.
March 3, 2022, 3:31 PM MST
Petrus Resources Ltd. is acquiring a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million.
March 2, 2022, 12 AM MST