In the Jan. 25 landsale, the province sold 65,892 hectares of P&NG leases and licences bringing in $10.52 million. There was no public offering of Crown oilsands rights this sale. This brings the total cumulative bonus paid to-date for the year in Alberta to $42.11 million.
January 30, 2023, 7:09 AM MST
Tourmaline Oil Corp. reported a 2022 exit volume production of 528,000 boe/d.
January 12, 2023, 3:31 PM MST
The royalty business acts as something of a hedge against inflation, avoiding certain pressures traditional oil and gas companies face when their access to capital becomes tighter, says Marty Staples, president and chief executive officer at Topaz Energy Corp.
January 3, 2023, 6 AM MST
Tamarack Valley Energy Ltd. plans to invest capital of $425 to $475 million in 2023, funded entirely through adjusted funds flow and equal to approximately 50 to 60 per cent of total 2023 adjusted funds flow at budget pricing of US$80/bbl WTI and C$4/GJ AECO.
December 7, 2022, 12 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
The province sold 11,491.6 hectares of P&NG leases and licences in the Nov. 16 land sale bringing in $11.68 million. Additionally, 7,616 hectares of oilsands leases sold for $2.29 million. This brings the total cumulative bonus paid to-date in Alberta to $429.2 million.
November 21, 2022, 6 AM MST
Kelt Exploration Ltd. announced an initial capital expenditure budget of $310.0 million for 2023.
November 10, 2022, 8:52 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $85.3 million in Q3 2022, which included drilling eight (8.0 net) wells and bringing 19 (19.0 net) wells on production.
November 9, 2022, 2:25 PM MST
Tamarack Valley Energy Ltd. recorded a five per cent year-over-year increase in average daily production during the three-month span ending Sept. 30, 2022.
October 28, 2022, 11 AM MDT
PrairieSky Royalty Ltd. had an “exceptionally busy” quarter across its royalty properties as third-party operators spud 134 per cent more wells on company lands compared to Q2 and a 48 per cent increase compared to the comparative period last year.
October 25, 2022, 10 AM MDT
CSV Midstream Solutions Corp. has reached a final investment decision to proceed with its Albright Sour Gas Processing Facility to be constructed near Grande Prairie, Alta.
October 25, 2022, 6:23 AM MDT
Birchcliff Energy Ltd. is currently targeting F&D capital expenditures of $240 million to $270 million in 2023, which is expected to deliver annual average production of 81,000 to 83,000 boe/d, a five per cent increase over 2022.ca
October 13, 2022, 2:58 PM MDT
The Charlie Lake tight oil play in northwestern Alberta has seen a rapid increase in production since Tourmaline Oil Corp. began drilling it in 2012.
October 5, 2022, 6 AM MDT
Whitecap Resources Inc. laid out a 2023 capital investment budget of $900–$950 million and average production guidance of 170,000–172,000 boe/d (64 per cent liquids), resulting in significant free funds flow for elevated shareholder returns in 2023, said the company.
September 28, 2022, 12 AM MDT
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
The province sold 24,675 hectares of P&NG leases and licences in the August 24 land sale that brought in $6.86 million. Additionally, 5,376 hectares of oilsands leases sold for $2.74 million. This brings the total cumulative bonus paid to-date in Alberta to $286.73 million.
August 29, 2022, 9:31 AM MDT
Kelt Exploration Ltd.'s average production for the three months ended June 30, 2022 was 27,713 boe/d, up 41 per cent from average production of 19,592 boe during the corresponding period in 2021 and up one per cent from average production of 27,413 boe during the first quarter of 2022.
August 4, 2022, 5:24 AM MDT
Return to drilling needed to build reserves for potential production growth
August 3, 2022, 9:34 AM MDT
Size, structure, strategy and investor support were key to surviving lows of the price cycle
July 29, 2022, 8:51 AM MDT
Tamarack Valley Energy Ltd.’s exploration and development capital expenditures for the second half of 2022 have been updated to a range of $160-$170 million, totalling $340-$360 million for the year.
July 29, 2022, 12 AM MDT
Tourmaline Oil Corp. has entered into a binding agreement to acquire Rising Star Resources Ltd. for $194.3 million, with closing expected to occur in August 2022.
July 27, 2022, 4:36 PM MDT
Topaz Energy Corp. generated record cash flow of $95.4 million for Q2 2022, 29 per cent higher than Q1 2022 and 156 per cent higher than Q2 2021.
July 26, 2022, 2:31 PM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
Kelt Exploration Ltd. has lifted its capital expenditure budget for 2022.
July 6, 2022, 3:52 PM MDT
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.
May 5, 2022, 11:18 AM MDT