InPlay Oil Corp. reported record quarterly light oil production of 4,142 bbl/d and increased its light oil and NGLs weighting to 59 per cent in the fourth quarter of 2023.
March 19, 2024, 12 AM MDT
Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.
March 7, 2024, 5:12 AM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
Whitecap Resources Inc. says it is very encouraged by the initial response of its pilot CO2 flood targeting the Frobisher formation in Saskatchewan, which lies beneath the existing Weyburn CO2 project directed at the Midale unit.
February 28, 2024, 4:56 AM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Obsidian Energy Ltd. high level of activity and successful capital program resulted in solid production and reserves additions across all three main asset areas (Willesden Green/Pembina (Cardium), Peace River and Viking) in 2023.
January 31, 2024, 12 AM MST
InPlay Oil Corp. has set a 2024 capital program of $64–$67 million.
January 29, 2024, 8:58 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
Obsidian Energy Ltd.’s 2024 plan is focused on the continued development and exploration/appraisal of its heavy oil assets in Peace River and light oil assets in Willesden Green/Pembina (Cardium/Mannville) in central Alberta.
January 25, 2024, 7:05 AM MST
With natural gas prices down over 40 per cent compared to 2022, Deep Basin operators targeted NGLs and oil inventory in 2023.
January 18, 2024, 6 AM MST
Almost 50 years after Canadian Hunter Exploration drilled the first Deep Basin natural gas discovery well in 1976 at Elmworth exploration and development activity remains strong.
January 16, 2024, 6 AM MST
Obsidian Energy Ltd. completed its second half drilling program on schedule.
January 9, 2024, 7:26 AM MST
Bonterra Energy Corp. approved a capital expenditure range of $90 million to $100 million, fully funded by internally generated funds flow.
December 13, 2023, 7:28 AM MST
Saturn Oil & Gas Inc. announced the initial production results for its most recently drilled 13 gross (11.4 net) wells, including Saturn's first development of Alberta Cardium and Saskatchewan Bakken light oil targets.
December 6, 2023, 5:49 AM MST
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
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