Cardium

  • TransGlobe Updates Cardium Drilling Program

    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 Boosts Guidance

    Obsidian Energy Ltd. boosted guidance following a successful first half program.

    June 16, 2022, 5:36 AM MDT

  • AER Projects Oil And Gas Sector Capex, Activity To Continue To Rise

    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

  • Cardium Activity Continues To Slowly Rebound, Recent Results Impress

    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

  • Comeback In The Cardium? – New Daily Oil Bulletin Infographic Looks At Activity In Historic Formation

    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

  • Active Capital Program Sees Peyto’s Production Climb; Q1 Funds Flow Sets Record

    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 Production Up For Q1

    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

  • InPlay Monitoring Inflation; Lifts Capex

    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

  • TransGlobe Targets Cardium Completions For June, July

    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 In U.S. Acquisition

    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 Reports Higher Output For Q1

    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

  • Increased Q1 Activity For Obsidian At Willesden Green, Pembina, and Peace River

    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

  • Strong Performance From Acquired Assets Helps Whitecap Achieve Record Output, Funds Flow

    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

  • Panelists: Producer Demand For Fee Land Picks Up

    Royalty companies are currently seeing a surge in interest from producers in fee title land leasing.

    April 13, 2022, 6:17 AM MDT

  • Obsidian Announces It Was A Big Buyer At Large Alberta March Sale

    Obsidian Energy Ltd. continues to add to its substantial land position in the Peace River area.

    April 12, 2022, 6 AM MDT

  • Obsidian Increases Production Guidance Range

    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 Set To Drill Another Cardium Well

    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 To Play Prominent Role In Energy Supply, Transition: Keyera CEO

    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 Sees Less Production For Q4 2021 Due To Declines In Egypt

    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 Started Capex Program Early, Preparing For Second-Half Program

    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 Production Climbed In 2021

    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 Funds Flow Surges

    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

  • Peyto Purchases Private Junior In Brazeau River Area

    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

  • Despite Commodity Price Surge, Yangarra Not Budging From 30-Well Program

    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 Acquiring Cardium Assets At Ferrier

    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

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