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
Higher well completions activity in Western Canada, combined with improved coiled tubing activity across it core areas, resulted in STEP Energy Services Ltd. reporting record revenues in the first quarter of 2023.
May 11, 2023, 10:21 AM MDT
In Alberta’s May 3 land sale, the province sold 10,176 hectares of P&NG leases and licenses bringing in $3.57 million. Additionally, 2,642 hectares of oilsands leases sold for $0.65 million. This was the lowest hectares and bonus tallies so far this year.
May 8, 2023, 9:04 AM MDT
Whitecap Resources Inc. delayed activity on its recently acquired Montney natural gas assets and turned its attention to its oil assets in Saskatchewan and central Alberta in the first quarter of 2023 as gas prices tumbled in the quarter.
April 27, 2023, 9:06 AM MDT
As a result of the increased snowfall during the past winter season, Yangarra Resources Ltd. made the decision to curtail capital spending until field conditions improve.
April 27, 2023, 12 AM MDT
Strong and steady drilling activity on its royalty lands helped PrairieSky Royalty Ltd. to another strong quarter and led to the company posting its sixth consecutive quarter of record third-party leasing.
April 18, 2023, 8:56 AM MDT
ROK Resources Inc. has completed dispositions of certain non-core assets for total combined proceeds of approximately $47.25 million, before normal closing adjustments.
April 3, 2023, 9:56 AM MDT
In the March 22 land sale, the province sold 31,360 hectares of P&NG leases and licences bringing in $40.31 million. In addition, 1,280 hectares of oilsands leases sold for $0.27 million.
March 27, 2023, 8:59 AM MDT
Trican Well Service Ltd. is forecasting increasing activity in 2023 versus 2022, albeit single-digit increases on a percentage basis, says Brad Fedora, president and chief executive officer.
March 22, 2023, 12 AM MDT
InPlay Oil Corp. reported record average annual production of 9,105 boe/d, up from 5,768 boe/d the previous year.
March 15, 2023, 6:39 AM MDT
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
Peyto Exploration & Development Corp. increased its pace of capital investment in 2022, resulting in strong production and reserves growth and record-setting earnings and cash flow.
March 9, 2023, 11:03 AM MST
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.
March 2, 2023, 12 AM MST
Whitecap Resources Inc. achieved record annual production in 2022 and set company high watermarks for funds flow from operation and other financial performance metrics as its spree of acquisitions since 2020 backstopped the strong results.
February 23, 2023, 11:14 AM MST
In 2022, Obsidian Energy Ltd. undertook the largest development program in several years.
February 23, 2023, 6:43 AM MST
Bonterra Energy Corp. averaged approximately 13,407 boe/d of production in 2022, representing a five per cent increase over 2021 and in-line with Bonterra's previously stated guidance range of 13,300 to 13,700 boe/d.
February 9, 2023, 12 AM MST
Hawthorne Energy, LLC, through its Canadian subsidiary HWN Energy Ltd., closed two large complementary asset acquisitions located in Central and Northern Alberta.
February 6, 2023, 12 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST
Obsidian Energy Ltd. is planning $260–$270 million in capital expenditures for development and exploration/appraisal activities in 2023, plus an additional $26–$28 million in decommissioning expenditures that accelerates its asset retirement obligations.
January 31, 2023, 8:20 AM MST
Obsidian Energy Ltd. reported a substantial increase in its reserve values and volumes for 2022 over 2021, replacing reserves across all categories.
January 31, 2023, 9:11 AM MST
Saturn Oil & Gas Inc.’s $525-million acquisition of Ridgeback Resources Inc. adds two mature tight oil plays in the Bakken and Cardium to its rapidly growing asset base, which the company says will provide long-term steady production and free cash flow once debt is paid down.
January 24, 2023, 10:29 AM MST
InPlay Oil Corp. outlined a capital program of $75 – $80 million for 2023 which is forecasted to deliver annual average production of 9,500 – 10,500 boe/d (58 per cent – 61 per cent light oil and NGLs).
January 18, 2023, 6:43 AM MST
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