For 2024, Spartan Delta Corp.'s board has approved an initial capital budget of $130 million to drill and complete 19.2 net (21 gross) wells, resulting in annualized production of 39,500 boe/d, a seven per cent increase in corporate production versus H2 2023 guidance.
November 29, 2023, 5:29 AM MST
Saturn Oil & Gas Inc. is continuing to accelerate development activities in both Alberta and Saskatchewan with expectations that the fourth quarter of 2023 will be the most active development period yet for the company.
November 9, 2023, 12 AM MST
With an expanded second half 2023 capital program, Obsidian Energy Ltd.'s drilling preparation and execution began in July and continued through the third quarter, accelerating in October with four rigs in operation across its Peace River, Willesden Green, Pembina and Viking areas.
November 9, 2023, 7:12 AM MST
During the first nine months of 2023, 779 gross (14.1 net) wells were drilled on Freehold Royalties Ltd.’s North American royalty lands, representing the highest level of gross drilling activity through the first three quarters in the company’s 27-year history.
November 9, 2023, 12 AM MST
Tourmaline Oil Corp. has acquired acreage near a “very strong” Cardium oil discovery in the Resthaven-Kakwa area of the North Deep Basin.
November 2, 2023, 10:53 AM MDT
In September, Obsidian Energy Ltd. unveiled an ambitious three-year growth plan under the leadership of its president and CEO, Stephen Loukas — a seasoned executive with a unique background as a partner and portfolio manager with FrontFour Capital Group.
October 30, 2023, 12 AM MDT
Whitecap Resources Inc. expects to spend over $100 million annually the next three years building infrastructure as it grows Montney and Duvernay production from 70,000 to 110,000 boe/d by the end of 2027, president and chief executive officer Grant Fagerheim said at the company’s third quarter 2023 conference call.
October 27, 2023, 12 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement with a private operator to sell its non-core west-central Alberta assets for $123 million in cash.
October 20, 2023, 12 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Obsidian Energy Ltd. hiked its capital budget to $300 million.
September 21, 2023, 6:06 AM MDT
In light of WTI oil price volatility that has prevailed through 2023, along with Saturn Oil & Gas Inc. commitment to optimize returns on invested capital, the company has elected to reduce capital expenditures for 2023 and will also be commencing the winter drilling program later in the year than originally anticipated.
September 20, 2023, 9:49 AM MDT
Clearview Resources Ltd.’s first half 2023 production was down 21 per cent to 1,622 boe/d versus the comparative period last year.
August 30, 2023, 9:05 AM MDT
Alberta sold 20,860.26 hectares of P&NG leases and licences in the August 23 land sale, bringing in $10.73 million. There were no oilsands parcels on this date. This brings the total cumulative bonus paid to-date for the year in the province to $336.11 million.
August 28, 2023, 8:33 AM MDT
During the second quarter of 2023, InPlay Oil Corp. invested $12.8 million drilling, completing and equipping two (1.9 net) extended reach horizontal (ERH) wells in Willesden Green and completing and equipping one (0.95 net) Willesden Green ERH well that was drilled at the end of the first quarter.
August 17, 2023, 12 AM MDT
Saturn Oil & Gas Inc. is currently exploiting its deep inventory of light oil development projects in both Alberta and Saskatchewan, with one rig drilling full time in each province.
August 15, 2023, 9:20 AM MDT
The Alberta government’s Wednesday sale generated $74.23 million in bonus bids, driven by three parcels, including one that attracted a bid of just over $45-million.
August 9, 2023, 4:10 PM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
During the first half of 2023, the potential of Obsidian Energy Ltd.’s Walrus acreage was effectively delineated for future large-scale development.
August 2, 2023, 6:32 AM MDT
PrairieSky Royalty Ltd. reported record quarterly average oil royalty production in the second quarter with most of the growth focused on three oil bearing plays.
July 18, 2023, 8:45 AM MDT
In the June 28, 2023 land sale, the province sold 13,968 hectares of P&NG leases and licenses, bringing in $7.99 million. Additionally, 2,880 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $233.13 million.
July 4, 2023, 6 AM MDT
The number of wells drilled in Western Canada is expected to increase by 12 per cent to 6,180 in 2023 (2022: 5,500) and total metres drilled by 14 per cent to 20 million (2022: 17.5 million), says Enserva.
June 14, 2023, 8:04 AM MDT
Saturn Oil & Gas Inc. reported record average production for the quarter of 17,783 boe/d (88 per cent oil and NGLs) in 2023, representing an increase of 137 per cent compared to 7,499 boe/d (95 per cent oil and NGLs) in the first quarter of 2022.
May 17, 2023, 8:34 AM MDT
Bonterra Energy Corp. is actively monitoring the wildfire situation near its operations in the Pembina area within Brazeau County.
May 12, 2023, 12 AM MDT
Peyto Exploration & Development Corp.’s Q1 production increased slightly to 102,918 boe/d versus 101,549 boe/d a year earlier as new volumes from the development program were partially offset by natural declines, resulting in a one per cent increase year-over-year.
May 11, 2023, 11:07 AM MDT