Peyto Exploration & Development Corp. invested $232 million of total capital in 2018 to build 114 mmcf/d of natural gas and 4,800 bbls/d of NGLs at a cost of $9,800/boe/d, the lowest cost in company history.
February 15, 2019, 8:51 AM MST
PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
In light of the Alberta production curtailment, Obsidian Energy Ltd. is deferring a four-well pad with two Cardium wells and two Deep Basin wells to the second half of 2019.
February 11, 2019, 5:57 AM MST
For the second consecutive year, Obsidian Energy Ltd. achieved greater than 100 per cent reserve replacement on proved plus probable and total proved reserves in its independent reserves evaluation by Sproule Associates Limited.
February 11, 2019, 9:47 AM MST
InPlay Oil Corp. announced a $36 million exploration and development capital program for 2019.
January 23, 2019, 3:47 AM MST
Peyto Exploration & Development Corp.’s preliminary 2019 capital budget announced Nov. 7, 2018, ranging from $250-$300 million, has been reduced to $150 to $200 million.
January 17, 2019, 8:23 AM MST
While Peyto Exploration & Development Corp.’s 2019 capital budget has been reduced, in 2020 and 2021 the company plans to ramp-up capital investment with capital programs of approximately $270 and $320 million at a cost similar to 2019.
January 17, 2019, 8:36 AM MST
Clearview Resources Ltd. released results of a Wilson Creek Cardium horizontal well, Windfall Bluesky horizontal, and divested non-core assets.
January 17, 2019, 4 AM MST
A capital budget of $170 million to $180 million provides for the drilling of 125 net light oil wells in 2019, says Tamarack Valley Energy Ltd.
January 15, 2019, 10:51 AM MST
Privately-held HydrEra Water Services Canada and LV Energy Services Ltd. are joining forces after announcing earlier this week they entered into an agreement to combine their respective specialty fluid companies on Dec. 29, 2018.
January 11, 2019, 10:45 AM MST
Bonterra Energy Corp. has set a measured 2019 capital budget in the range of $57 million to $77 million.
January 11, 2019, 11:17 AM MST
Yangarra Resources Ltd. expects to increase annual production to 13,000 boe/d to 14,000 boe/d this year with an initial capital budget of $100 million that includes drilling of 24 wells.
January 8, 2019, 6 AM MST
Petrus Resources Ltd. has announced a first quarter 2019 capital budget of $8-$10 million, saying it will continue to monitor the Canadian commodity price environment and will evaluate subsequent quarter capital spending as the year progresses.
January 7, 2019, 9:12 AM MST
Briko Energy Corp. on Thursday began operations as a new junior oil and gas exploration and development company.
December 21, 2018, 3:56 AM MST
Whitecap Resources Inc. has a 2019 capital budget of $425-$475 million for 2019 that includes the drilling of 220 (191.5 net) horizontal wells.
December 18, 2018, 11:10 AM MST
TransGlobe Energy Corporation completed the 2018 Cardium development program, which included six gross (five net) horizontal Cardium development wells drilled from a common pad to improve efficiencies and reduce costs.
December 17, 2018, 4:25 AM MST
Obsidian Energy Ltd.’s second half 2018 Cardium program is proceeding ahead of schedule and under budget.
December 17, 2018, 7:25 AM MST
TORC Oil & Gas Ltd. announced an initial 2019 capital budget of $180 million, slightly lower than the 2018 guidance of $185 million.
December 12, 2018, 12 AM MST
This is Part 2 of a four-part series of DOB articles this week on the future of the Canadian natural gas industry. Today, we examine the immediate future for natgas activity in Western Canada.
November 20, 2018, 3:53 AM MST
Although Obsidian Energy Ltd. has no ongoing development program for its Viking and Peace River assets, it is actively looking at commercialization and alternative commercial arrangements, analysts heard at its recent investment day.
November 19, 2018, 7:12 AM MST
In the evolution of Obsidian Energy Ltd., the future is all about “not big but quick” as the company focuses on its fast cash cycle Cardium light oil assets at Willesden Green, its chief executive said Thursday.
November 16, 2018, 6:23 AM MST
Cardium-focused Obsidian Energy Ltd. plans to spend $71 million to drill 15 gross horizontal producer wells at Willesden Green, including seven in the first half of the year, as part of a $120 million capital spending program for 2019.
November 15, 2018, 9:11 AM MST
InPlay Oil Corp. announced record production in the third quarter of 4,773 boe/d, up 17 per cent from 4,087 boe/d in the year-prior period.
November 14, 2018, 6 AM MST
Petrus Resources Ltd. planned to target Cardium light oil wells in Ferrier with budgeted capital of $25 to $30 million.
November 14, 2018, 9:44 AM MST
Peyto Exploration & Development Corp. is slowly becoming a key player in the Montney while at the same time boosting activity in the Cardium.
November 9, 2018, 6 AM MST