• Whitecap Boosts 2021 Spending, Sets 2022 Capital Program At $470–$490 Million

    Whitecap Resources Inc. plans to spend $470–$490 million in 2022 and has accelerated its fourth quarter 2021 capital program in light of strong commodity prices and a desire to secure needed services and supplies, the company announced this morning.

    October 14, 2021, 11:02 AM MDT

  • TransGlobe Drills, Completes Trio Of Cardium Wells

    TransGlobe Energy Corporation successfully drilled, completed, and equipped one two-mile and two one-mile horizontal wells in the northern area of its Cardium reservoir extension at South Harmattan, first identified by the 2-20 well in 2019.

    September 29, 2021, 12 AM MDT

  • Petrus Closes $10 Million Private Placement

    Petrus Resources Ltd. has completed the previously announced transactions that will significantly reduce the company's total debt and also extend the maturity date of its senior secured credit facility.

    September 22, 2021, 2:54 PM MDT

  • For Peyto, The Cardium Has Been Big Part Of Its Past, Front And Centre In Its Future

    The Cardium play in west-central Alberta is very much a part of Peyto Exploration & Development Corp.’s corporate DNA and continues to play a prominent role in the company’s operational focus and efforts going forward.

    September 15, 2021, 12 AM MDT

  • Obsidian Running 2 Rigs In Cardium; Extends Interim CEO’s Contract

    Obsidian Energy Ltd. has two drilling rigs active in its Cardium asset as it continues with its second-half program.

    September 15, 2021, 6:53 AM MDT

  • Obsidian Continues To Be All-In On The Cardium

    With its dominant land position, deep inventory of high-return wells and the vast majority of its production derived from the Cardium, Obsidian Energy Ltd. is all-in on the west-central Alberta play.

    September 14, 2021, 3:59 AM MDT

  • Cardium Activity Continues At A Modest Pace Compared To Other Plays, But Still Has Lots To Give

    Although activity in the Cardium play in central Alberta is showing signs of rebounding slightly from a slowdown in recent years, it faces some challenges when compared to other plays in the Western Canadian Sedimentary Basin such as the Montney, Clearwater and Charlie Lake, says Patrick O’Rourke, an analyst with AltaCorp Capital Inc.

    September 13, 2021, 6:36 AM MDT

  • 2021 Results Leave InPlay With ‘Strong Foundation’ For 2022

    InPlay Oil Corp.’s 2021 results provide the company with a strong foundation heading into 2022, the company said in an update.

    September 9, 2021, 12 AM MDT

  • Q2 Round-Up: Bonterra, Prairie Provident

    Capital expenditures for Bonterra Energy Corp. totaled $31.0 million in the first half of 2021 including $7.6 million invested in Q2 2021.

    August 13, 2021, 12 AM MDT

  • Peyto’s Q2 Drilling Program Less Active Than Expected But Production ‘Held Up Pretty Well’

    Peyto Exploration & Development Corp.’s second quarter production “held up pretty well” despite the seasonal impacts of spring breakup and the loss of two rigs during the period due to maintenance and upgrades that took longer than anticipated to complete, says president and CEO Darren Gee.

    August 12, 2021, 11:14 AM MDT

  • Petrus Outlines Q3 Budget

    Petrus Resources Ltd. set a capital budget of $7.5 million in Q3 for the drilling of four gross (1.5 net) Ferrier wells and investment in facility expansion in North Ferrier.

    August 12, 2021, 6:47 AM MDT

  • InPlay Boosts Production Outlook

    InPlay Oil Corp.’s strong results in the first half of 2021 and continuing in the second half of 2021 from the Pembina drills have allowed the company to increase its 2021 annual average production guidance to between 5,500 and 5,750 boe/d (68 per cent light oil and NGLs).

    August 11, 2021, 12:56 PM MDT

  • TransGlobe South Harmattan Well Reports IP30 Of Nearly 300 Boe/d

    TransGlobe Energy Corporation’s previously drilled and equipped two-mile horizontal well at South Harmattan has achieved a calculated IP30 estimate of 286 boe/d.

    August 10, 2021, 8:43 AM MDT

  • ARC Expects 2H Production Of Approximately 340,000 Boe/d

    ARC Resources Ltd. expects production in the second half of 2021 to average 335,000–350,000 boe/d (the company says it will be “approximately” 340,000 boe/d), with a revised forecast for full-year average production of 287,000–302,000 boe/d.

    July 30, 2021, 9:16 AM MDT

  • Obsidian Lifts Capital Spending Outlook

    With solid results from base production and the 2021 development program to date, Obsidian Energy Ltd. is lifting its capital spending plan.

    July 30, 2021, 12 AM MDT

  • Obsidian Financial Results Surge In Q2

    Obsidian Energy Ltd. reported improved financial results in Q2.

    July 30, 2021, 12 AM MDT

  • Strong Start To Q3 For CWC; Company On The Hunt For Consolidation

    CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.

    July 30, 2021, 7:23 AM MDT

  • New VP Land At Yangarra

    Yangarra Resources Ltd. has appointed Brett Booth to the role of vice-president, land, replacing Randall Faminow who is retiring after over a 40-year highly successful career in the energy business.

    July 28, 2021, 2:16 PM MDT

  • Yangarra Lifts Spending Plan

    Yangarra Resources Ltd. has increased its capital budget to $85 million from $60 million, which will keep one drilling rig fully utilized for the balance of the year.

    July 28, 2021, 2:58 PM MDT

  • Obsidian To Drill 23 Wells In 2H; Company Has Capability To Scale Development

    Obsidian Energy Ltd. says a two-rig continuous drilling program is being used to drill 23 (19.3 net) wells in the second half of 2021, predominantly in its Willesden Green and Pembina Cardium assets.

    July 12, 2021, 8:31 AM MDT

  • Japex Says Considering Sale Of Oilsands Project In Canada

    July 9, 2021, 12 AM MDT

  • InPlay Forecasts Record Quarterly Production

    InPlay Oil Corp.’s average production in the second quarter of 2021 is forecast to be 5,325 boe/d (70 per cent light oil and NGLs) based on field estimates, which would be a record quarterly production rate.

    July 6, 2021, 6:35 AM MDT

  • Private Entities Monetizing For Public Company Paper

    A trend that we have witnessed during the recent wave of consolidation in the Canadian oil and natural gas industry is a significant number of privately-held oil and natural gas companies achieving liquidity by selling to publicly-traded companies for shares.

    June 30, 2021, 6:57 AM MDT

  • TransGlobe Reports IP On South Harmattan Well

    TransGlobe Energy Corporation’s two-mile horizontal South Harmattan 13-16 oil well, stimulated and equipped in Q1 2021, has achieved a calculated IP30 estimated at 286 boe/d (247 bbl/d light oil, 131 mcf/d gas, 17 bbl/d NGL).  

    June 23, 2021, 12 AM MDT

  • Obsidian Continues Quest To Actively Manage Its Decommissioning Liability

    Obsidian Energy Ltd. continues to reduce its decommissioning liabilities and remains committed to further reducing this obligation, company executives said Wednesday.

    June 18, 2021, 12 AM MDT

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