Cardium

  • Gear Lays Out Capex Plan

    Gear Energy Ltd. intends to reduce outstanding net debt by approximately 25 per cent through the first half of 2019.

    May 9, 2019, 12 AM MDT

  • InPlay Program Focuses On Cardium

    In the first quarter of 2019 InPlay Oil Corp. drilled 2.7 net extended reach horizontal (ERH) wells with the majority of the remaining 2019 capital planned to be spent in the second half of the year on approximately six net additional Cardium ERH wells. 

    May 9, 2019, 12 AM MDT

  • Peyto CEO Hopeful UCP Government Will Lessen Regulatory Burden; Cardium Program Continues To Grow

    Peyto Exploration & Development Corp.’s president and CEO is optimistic new Alberta Premier Jason Kenney and his United Conservative Party (UCP) government will lend a helping hand to the province’s struggling oil and gas sector.  

    May 8, 2019, 10:56 AM MDT

  • TORC Hikes Dividend

    With continued production and cash flow per share growth, TORC Oil & Gas Ltd. has approved a 14 per cent increase to its annual dividend. 

    May 8, 2019, 12 AM MDT

  • Gross Wells Down In Q1, Net Up: Freehold

    For the first three months of 2019, 147 (7.3 net) wells were drilled on Freehold Royalties Ltd. royalty lands, down 38 per cent on a gross measure but up 14 per cent on a net measure versus the same period in 2018.

    May 8, 2019, 12 AM MDT

  • Bonterra Layers In Oil Sales Contracts

    In order to protect funds flow, Bonterra Energy Corp. has layered on 2,000 bbls/d of various physical oil delivery sales contracts through the end of September 2019 at various Canadian realized oil pricing ranging from C$72.99 to C$77.35/bbl.

    May 7, 2019, 12 AM MDT

  • Petrus Lays Out Capital Program Of $7-$8MM For Q2

    Petrus Resources Ltd.’s board of directors approved a second quarter 2019 capital budget of $7 to $8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels. ​​​​​​​

    May 7, 2019, 7:04 AM MDT

  • Regulatory Challenges, Pipeline Egress, Weigh On Natural Gas Prices: Bonavista CEO

    While Bonavista Energy Corporation is a strong believer in the long-term future of natural gas, the next couple of years could be rough, the company’s chief executive warned Thursday.

    May 3, 2019, 12 AM MDT

  • Dividend Increase For Whitecap; ‘Defensive’ Capital Program In Q1

    Whitecap Resources Inc. announced a 5.6 per cent increase to its monthly dividend.

    May 1, 2019, 6:33 AM MDT

  • With New Technology, Cardium A Play That Keeps On Giving

    One of the most prolific plays in Western Canada, with almost six decades of oil and gas output under its belt, with production peaking in the 1970s, the Cardium formation has been reawakened with the technologies that have made the shale and tight gas and oil revolution in the U.S.

    April 30, 2019, 6 AM MDT

  • Cardium Players Continue To Advance Programs, Fine-Tune Operations

    While the Montney and Duvernay receive the lion’s share of industry buzz, operators in the Cardium play in central Alberta continue to execute their respective drilling programs despite the ongoing challenges facing producers in the Western Canadian Sedimentary Basin.

    April 29, 2019, 4:05 AM MDT

  • Highlights Of Cardium Programs

    The following is a sampling of recently announced plans for other Cardium players, aside from the ones contained in this story.

    April 29, 2019, 4:08 AM MDT

  • Western Energy Relocates Service Rigs To California

    Given the outlook for oilfield services in Canada, Western Energy Services Corp. says it has begun establishing well servicing operations in the United States.

    April 25, 2019, 7:54 AM MDT

  • TransGlobe Q1 Canadian Production Averaged 2,300 Boe/d

    TransGlobe Energy Corporation’s Q1 Canadian production averaged 2,300 boe/d.

    April 24, 2019, 12 AM MDT

  • Obsidian Reports ‘Continued Cardium Success’

    After proving the viability of a quick cycle, light oil, primary production campaign in early 2018, Obsidian Energy Ltd. began a dedicated execution program starting in July 2018 and carrying through to breakup in March 2019.

    April 16, 2019, 7:55 AM MDT

  • InPlay Focused On Cardium In 2018, Continuing This Year

    InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.

    March 20, 2019, 7:24 AM MDT

  • Petrus Outlines Q2 Spending

    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’s Q4 Canadian Production Decreases Four Per Cent

    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

  • Bonterra Picks Up Cardium Assets

    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 Expands Global Presence, Operating Days Up In 2018

    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 Pleased With Results Of Its New Cardium Drilling Model

    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’s Production Fell In 2018; Net Loss Grows

    Obsidian Energy Ltd.’s full year production declined by nine per cent to 28,953 boe/d.

    March 8, 2019, 6 AM MST

  • New Tech, Countercyclical Land Deals Position Peyto For Cardium Growth

    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

  • More Wells Drilled On Freehold Lands In 2018, Production Down Slightly

    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

  • Peyto Reports ‘Resurgence’ Of Cardium Play

    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

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