Petrus Resources Ltd. announced a second quarter 2019 capital budget of $7–$8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
March 14, 2019, 8:06 AM MDT
TransGlobe Energy Corporation produced an average of 14,439 boe/d in 2018 as compared to 15,506 boe/d a year earlier, a seven per cent decrease year over year.
March 13, 2019, 9:17 AM MDT
For 2018, Bonterra Energy Corp. invested $78.7 million in net capital expenditures, or four per cent less than in 2017.
March 13, 2019, 7:43 AM MDT
Ensign Energy Services Inc. has emerged as one of the top land drillers in Canada following the acquisition of Trinidad Drilling Ltd. in the in the final quarter of 2018.
March 11, 2019, 10:44 AM MDT
Obsidian Energy Ltd. implemented a manufacturing drilling model in the Cardium in the second half of 2018 that the company’s president and CEO says “delivered significant cost efficiencies” and demonstrable year-end reserve growth.
March 8, 2019, 7:59 AM MST
Obsidian Energy Ltd.’s full year production declined by nine per cent to 28,953 boe/d.
March 8, 2019, 6 AM MST
As it marks its 20th year of operation, Peyto Exploration & Development Corp. is in a sense returning to its roots in the Cardium resource play as it positions the company for future growth as new export opportunities come into play.
March 8, 2019, 11:51 AM MST
Freehold Royalties Ltd. experienced an uptick in activity on its royalty lands in 2018 with producers increasing their focus on oil targets.
March 8, 2019, 8:57 AM MST
The Cardium play was revitalized with a “proven, innovative completion design,” resulting in a 200 per cent increase in booked Cardium locations, said Peyto Exploration & Development Corp.
March 7, 2019, 6:56 AM MST
David French is stepping down as president and CEO of Obsidian Energy Ltd.
March 7, 2019, 7:06 AM MST
Whitecap Resources Inc.’s top executive believes there could be some tailwinds coming as 2019 unfolds and that industry conditions are showing signs of improvement for Canadian crude producers.
February 28, 2019, 10:28 AM MST
Production through January and February 2019 to date has been restricted by ongoing pipeline apportionments, temporarily reduced crude by rail takeaway, bouts of extreme cold weather and third party shut-ins.
February 28, 2019, 12 AM MST
Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.
February 27, 2019, 11:41 AM MST
Clearview Resources Ltd. has purchased oil and gas assets focused in its core area of west-central Alberta for total consideration of $9.5 million.
February 26, 2019, 3:45 AM MST
TORC Oil & Gas Ltd. says that with continued success of its 2018 capital program and the company's solid underlying production profile, it achieved record production of 28,163 boe/d during the fourth quarter of 2018, a 29 per cent increase from the comparable period in 2017.
February 26, 2019, 7:05 AM MST
After concentrating almost entirely on internal EP growth in 2017-2018, Tourmaline Oil Corp. says that over the past two years it has produced the best reserve metrics in the company's 10 year history despite the depressed natural gas price environment.
February 21, 2019, 8:06 AM MST
Peyto Exploration & Development Corp. invested $232 million of total capital in 2018 to build 114 mmcf/d of natural gas and 4,800 bbls/d of NGLs at a cost of $9,800/boe/d, the lowest cost in company history.
February 15, 2019, 8:51 AM MST
PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
In light of the Alberta production curtailment, Obsidian Energy Ltd. is deferring a four-well pad with two Cardium wells and two Deep Basin wells to the second half of 2019.
February 11, 2019, 5:57 AM MST
For the second consecutive year, Obsidian Energy Ltd. achieved greater than 100 per cent reserve replacement on proved plus probable and total proved reserves in its independent reserves evaluation by Sproule Associates Limited.
February 11, 2019, 9:47 AM MST
InPlay Oil Corp. announced a $36 million exploration and development capital program for 2019.
January 23, 2019, 3:47 AM MST
Peyto Exploration & Development Corp.’s preliminary 2019 capital budget announced Nov. 7, 2018, ranging from $250-$300 million, has been reduced to $150 to $200 million.
January 17, 2019, 8:23 AM MST
While Peyto Exploration & Development Corp.’s 2019 capital budget has been reduced, in 2020 and 2021 the company plans to ramp-up capital investment with capital programs of approximately $270 and $320 million at a cost similar to 2019.
January 17, 2019, 8:36 AM MST
Clearview Resources Ltd. released results of a Wilson Creek Cardium horizontal well, Windfall Bluesky horizontal, and divested non-core assets.
January 17, 2019, 4 AM MST
A capital budget of $170 million to $180 million provides for the drilling of 125 net light oil wells in 2019, says Tamarack Valley Energy Ltd.
January 15, 2019, 10:51 AM MST