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
Petrus Resources Ltd.’s board of directors has approved a first quarter 2021 capital budget of $9 million to drill three (2.1 net) Cardium wells in the Ferrier area.
January 12, 2021, 3:12 PM MST
Spartan Delta Corp. firmed up its capital spending guidance for 2021 to $43 million from a previous range of $40 million-$43 million.
January 6, 2021, 6:09 AM MST
John H. Van de Pol intends to step down as president and CEO of Briko Energy Corp. effective March 15, 2021 but will continue to remain as a member of the board.
January 6, 2021, 3:31 PM MST
Obsidian Energy Ltd. outlined first half 2021 capital spending plans of $35 million plus $5 million in decommissioning expenditures.
January 5, 2021, 5:27 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Bonterra Energy Corp. reported a successful and efficient Q3/Q4 2020 drilling program, which has and will continue to be funded, in part, by the Business Development Bank of Canada (BDC) commitment.
December 23, 2020, 12 AM MST
Obsidian Energy Ltd. will increase its 2020 capital program by $3.2 million to begin drilling activity on the first pad within its Central Alberta Willesden Green asset.
November 30, 2020, 10 AM MST
The fourth quarter of 2020 includes a planned development capital program by InPlay Oil Corp. that begins with the drilling of three 100 per cent working interest ERH Cardium wells in Willesden Green and construction of the associated required infrastructure.
November 13, 2020, 5:32 AM MST
While specifics of its 2021 budget are not yet finalized, Peyto Exploration & Development Corp.’s president and CEO says the company is currently considering a 2021 capital program of $300-$350 million which would be funded entirely from free cash flow.
November 12, 2020, 10:47 AM MST
Obsidian Energy Ltd. says it benefited from the success of its development program earlier in the year and its lower cost structure in the third quarter of 2020 which more than offset the impact of lower commodity prices, year-over-year.
November 3, 2020, 8:38 AM MST
InPlay Oil Corp. recently closed a strategic Cardium asset acquisition in its Pembina area of operations for $1.9 million (net of adjustments).
November 2, 2020, 6:25 AM MST
In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.
October 23, 2020, 7:16 AM MDT
Bonterra Energy Corp.’s board of directors says that Obsidian Energy Ltd.’s bid to acquire Bonterra significantly undervalues the common shares of the company and is not in the best interests of Bonterra, the holders of its common shares or its other stakeholders.
October 6, 2020, 6:11 AM MDT
Bonterra Energy Corp. has received a reserve-based lending commitment from Export Development Canada (EDC) of up to $38.4 million.
October 5, 2020, 5:21 AM MDT