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
InPlay Oil Corp.’s planned capital program for 2021 of $23 million is unchanged from the previous outlook, although the recent bump in commodity prices has increased its funds flow forecast.
March 17, 2021, 7:50 AM MDT
Bonterra Energy Corp.’s 2020 production averaged10,575 boe/d, reflecting modest capital spending during the year coupled with 875 boe/d of shut-in production volumes related to facility maintenance and low commodity prices.
March 15, 2021, 6:25 AM MDT
Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
March 12, 2021, 5:54 AM MST
Alberta’s Wednesday land sale brought $5.63 million into government coffers.
March 11, 2021, 6 AM MST
On Jan. 5, 2021, Freehold Royalties Ltd. closed the acquisition of U.S. royalty properties for US$58 million net.
March 5, 2021, 8:41 AM MST
Peyto Exploration & Development Corp. management is optimistic for 2021, with plans to run four drilling rigs throughout the year, including two rigs during spring breakup, as well as one in Sundance and one in Brazeau.
March 4, 2021, 1:04 PM MST
Yangarra Resources Ltd. set its 2021 capital budget at $60 million prior to the announcement of multiple COVID-19 vaccines when WTI prices hovered around US$45/bbl.
March 4, 2021, 3:32 PM MST
Tamarack Valley Energy Ltd. continues to be active in the Clearwater play with 12 wells rig released out of a planned 16-well first quarter $18 million program.
March 1, 2021, 12 AM MST
Obsidian Energy Ltd.’s 1P and 2P reserves climbed year-over-year, despite a challenging year.
February 18, 2021, 12 AM MST
Bonterra Energy Corp. laid out a fully-funded 2021 capital budget of $65–$75 million.
February 16, 2021, 3:52 PM MST
PrairieSky Royalty Ltd. is acquiring a large royalty portfolio, which will consolidate a significant fee mineral title position in Western Canada.
February 8, 2021, 2:43 PM MST
Obsidian Energy Ltd. has extended its syndicated credit facility to Feb. 26, 2021.
January 28, 2021, 12 AM MST
Obsidian Energy Ltd. has again extended the expiry of its offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp. until 5 p.m. (Mountain) on March 29, 2021.
January 25, 2021, 5:40 AM MST
TransGlobe Energy Corporation is preparing to stimulate and equip the two-mile horizontal well drilled but not completed as part of the company’s 2020 Cardium drilling program in South Harmattan.
January 22, 2021, 9:37 AM MST