ARC Resources Ltd. expects production in the second half of 2021 to average 335,000–350,000 boe/d (the company says it will be “approximately” 340,000 boe/d), with a revised forecast for full-year average production of 287,000–302,000 boe/d.
July 30, 2021, 9:16 AM MDT
With solid results from base production and the 2021 development program to date, Obsidian Energy Ltd. is lifting its capital spending plan.
July 30, 2021, 12 AM MDT
Obsidian Energy Ltd. reported improved financial results in Q2.
July 30, 2021, 12 AM MDT
CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.
July 30, 2021, 7:23 AM MDT
Yangarra Resources Ltd. has appointed Brett Booth to the role of vice-president, land, replacing Randall Faminow who is retiring after over a 40-year highly successful career in the energy business.
July 28, 2021, 2:16 PM MDT
Yangarra Resources Ltd. has increased its capital budget to $85 million from $60 million, which will keep one drilling rig fully utilized for the balance of the year.
July 28, 2021, 2:58 PM MDT
Obsidian Energy Ltd. says a two-rig continuous drilling program is being used to drill 23 (19.3 net) wells in the second half of 2021, predominantly in its Willesden Green and Pembina Cardium assets.
July 12, 2021, 8:31 AM MDT
July 9, 2021, 12 AM MDT
InPlay Oil Corp.’s average production in the second quarter of 2021 is forecast to be 5,325 boe/d (70 per cent light oil and NGLs) based on field estimates, which would be a record quarterly production rate.
July 6, 2021, 6:35 AM MDT
A trend that we have witnessed during the recent wave of consolidation in the Canadian oil and natural gas industry is a significant number of privately-held oil and natural gas companies achieving liquidity by selling to publicly-traded companies for shares.
June 30, 2021, 6:57 AM MDT
TransGlobe Energy Corporation’s two-mile horizontal South Harmattan 13-16 oil well, stimulated and equipped in Q1 2021, has achieved a calculated IP30 estimated at 286 boe/d (247 bbl/d light oil, 131 mcf/d gas, 17 bbl/d NGL).
June 23, 2021, 12 AM MDT
Obsidian Energy Ltd. continues to reduce its decommissioning liabilities and remains committed to further reducing this obligation, company executives said Wednesday.
June 18, 2021, 12 AM MDT
The re-build of Obsidian Energy Ltd. continues as the company laid out its two-year master plan yesterday, which is focused on reducing debt-to-EBITDA levels significantly, increasing funds flow from operations while returning output to pre-COVID levels and slightly above by 2022.
June 17, 2021, 10:11 AM MDT
Obsidian Energy Ltd. expects to start its 23-well, second half 2021 development program two weeks earlier than anticipated.
June 8, 2021, 6:44 AM MDT
Peyto Exploration & Development Corp.’s technical team has recently conducted an internal evaluation of the company’s successful 2020 drilling program which yielded above average returns and record capital efficiency and a portion of that success was the result of longer horizontal laterals and improved stimulation intensity.
May 13, 2021, 11:14 AM MDT
In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.
May 12, 2021, 7 AM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Given the improvement in commodity prices and the expectation of a post-pandemic economic recovery, Pembina Pipeline Corporation said it anticipates a return to its traditional growth trajectory by 2022.
May 7, 2021, 1:39 PM MDT
Obsidian Energy Ltd. has formally closed its previously announced strategic alternatives process, considering the successful completion of the syndicated credit facility and senior notes maturity extension to November 2022 and its stronger operational and improved financial position.
May 7, 2021, 7:38 AM MDT
TransGlobe Energy Corporation began completions work during Q1 2021 on the previously drilled two-mile horizontal well in South Harmattan.
May 7, 2021, 8:28 AM MDT
InPlay Oil Corp.’s capital program for the quarter consisted of $12.2 million of development capital focused on three (3.0 net) 1.5-mile ERH wells in Pembina and completing one (0.2 net) Nisku ERH well drilled in late 2020.
May 6, 2021, 2:17 PM MDT
First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.
April 19, 2021, 2:34 PM MDT
Spartan Delta Corp.'s first quarter average production was 31,500 boe/d, based on field estimates.
April 15, 2021, 7:33 AM MDT
Obsidian Energy Ltd. has outlined a capital plan of $127 million for 2021 plus an additional $8 million in decommissioning expenditures is planned for development and environmental programs.
March 29, 2021, 9:16 AM MDT
Obsidian Energy Ltd. has executed amending agreements to extend both its syndicated credit facility and senior notes maturity date to Nov. 30, 2022.
March 29, 2021, 12 AM MDT