Whitecap Resources Inc. laid out a 2023 capital investment budget of $900–$950 million and average production guidance of 170,000–172,000 boe/d (64 per cent liquids), resulting in significant free funds flow for elevated shareholder returns in 2023, said the company.
September 28, 2022, 12 AM MDT
InPlay Oil Corp. is currently producing at record production levels of 9,600 boe/d (57 per cent light oil and NGLs) based on field estimates.
September 28, 2022, 6:38 AM MDT
Market conditions have improved materially since the release of Petrus Resources Ltd. initial 2022 budget in December of last year, said the company.
September 20, 2022, 12 AM MDT
Obsidian Energy Ltd. announced the full repayment of the $30.0 million non-revolving term loan from free cash flow from operations.
September 13, 2022, 5:57 AM MDT
The province sold 13,712 hectares of P&NG licences and leases in the Sept. 7 land sale bringing in $2.85 million. Additionally, 10,491 hectares of oilsands leases sold for $2.88 million. This brings the total cumulative bonus paid to-date in Alberta to $292.5 million.
September 12, 2022, 8:40 AM MDT
InPlay Oil Corp.’s production averaged 9,063 boe/d (57 per cent light crude oil and NGLs) in the second quarter of 2022, not including over 5,000 bbls of light crude oil inventory build (equal to over 55 bbls/d during the quarter) that was not sold due to difficulty trucking oil as a result of wet weather at the end of June.
August 12, 2022, 12 AM MDT
Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.
August 11, 2022, 11:19 AM MDT
Petrus Resources Ltd.’s 2022 capital program resumed in the second quarter with two (1.6 net) operated wells spud and an additional three (0.15 net) non-operated wells spud in late June.
August 11, 2022, 12 AM MDT
Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.
August 10, 2022, 12 AM MDT
In Canada, during the second quarter TransGlobe Energy Corporation successfully drilled three, 100 per cent working interest horizontal Cardium reservoir development wells (two, two-mile, and one, one-mile) in the South Harmattan area.
August 10, 2022, 6:42 AM MDT
Obsidian Energy Ltd. said its first-half 2022 development program resulted in significant production growth for the company from its Willesden Green, Pembina and Peace River assets.
July 29, 2022, 12 AM MDT
During the second quarter, InPlay Oil Corp. drilled three (3.0 net) 1.5 mile extended reach horizontal (ERH) wells in Pembina which came on production at the end of May.
July 26, 2022, 6:16 AM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
VAALCO Energy, Inc. and Calgary-based TransGlobe Energy Corporation have entered into a definitive arrangement agreement, pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million.
July 14, 2022, 12 AM MDT
Obsidian Energy Ltd. extended its syndicated credit facility to July 29, 2022, to accommodate timing associated with its debt refinancing, and also today issued its preliminary second quarter results.
July 14, 2022, 5:47 AM MDT
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