Cardium

  • Whitecap Lays Out 2023 Budget Of $900–$950 Million

    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 Production At Record Levels; 2022 Budget Increased

    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

  • Petrus Hikes Capital Budget

    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 In $30.0 Million Term Loan Repayment

    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

  • DOB Land Sale Analysis: Evi, Nipisi, Lloydminster And Phoenix Parcels Highlight Alberta’s Sept. 7 Sale

    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 Output Surges In Q2

    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

  • Peyto Overcomes Wet Weather Challenges To Boost Q2 Output; Earnings Increase 641%

    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 Returned To The Field In Q2

    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 Activity Focused On Montney For Q2

    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

  • TransGlobe Boosting Capital Spending

    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 Records Strong Year-Over-Year Production Gains

    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

  • InPlay Places Pembina Wells Onstream; Q3 Drilling Program Underway

    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

  • PrairieSky Reports 122 Wells Spud In Q2; Completes Royalty Acquisitions

    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 And TransGlobe In Business Combination

    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 Extends Syndicated Credit Facility

    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

  • TransGlobe Updates Cardium Drilling Program

    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 Boosts Guidance

    Obsidian Energy Ltd. boosted guidance following a successful first half program.

    June 16, 2022, 5:36 AM MDT

  • AER Projects Oil And Gas Sector Capex, Activity To Continue To Rise

    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

  • Cardium Activity Continues To Slowly Rebound, Recent Results Impress

    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

  • Comeback In The Cardium? – New Daily Oil Bulletin Infographic Looks At Activity In Historic Formation

    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

  • Active Capital Program Sees Peyto’s Production Climb; Q1 Funds Flow Sets Record

    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 Production Up For Q1

    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

  • InPlay Monitoring Inflation; Lifts Capex

    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

  • TransGlobe Targets Cardium Completions For June, July

    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 In U.S. Acquisition

    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

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