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
Tourmaline Oil Corp.’s 2021 EP capital program has been increased to $1.375 billion with the 2H 2021 increase focused on liquids business/production increases and related liquids margin improvements, and the modest acceleration of drilling activities.
September 22, 2021, 4:13 PM MDT
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
Tamarack Valley Energy Ltd.'s five-year plan is expected to generate sustainable long-term growth in free funds flow.
September 13, 2021, 3:30 PM MDT
The Middle Charlie Lake is an emerging light oil play being explored for across the Peace River Arch area. Triassic strata exists as a wedge that thickens up to 420 m to the west and thins to zero at the eastern subcrop edge.
August 25, 2021, 6 AM MDT
Kelt Exploration Ltd.'s average production for the three months ended June 30, 2021 was 19,592/d, up four per cent from average production of 18,860 boe during the first quarter of 2021 and up 19 per cent from average production of 16,476 boe during the fourth quarter of 2020.
August 5, 2021, 6:02 AM MDT
Tamarack Valley Energy Ltd. posted strong second quarter results driven by the successful integration of Anegada Oil Corp. along with the continued execution of the company’s Clearwater and waterflood operations.
July 28, 2021, 10:33 AM MDT
While Kelt Exploration Ltd.’s main operational focus in its $150-million capital program for 2021 is on its Montney asset base, the company continues to slowly progress its Charlie Lake play in the Spirit River area of Alberta.
July 14, 2021, 6 AM MDT
After almost a decade with Tourmaline Oil Corp., Topaz Energy Corp. president and CEO Marty Staples is well versed when it comes to the attributes and upside of the Charlie Lake play.
July 13, 2021, 8:35 AM MDT
Like many plays in the Western Canadian Sedimentary Basin, for many decades the Charlie Lake in northeast British Columbia and Alberta was a known quantity but with limited commercialization potential.
July 12, 2021, 9:30 AM MDT
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
Tamarack Valley Energy Ltd. has closed its acquisition of Anegada Oil Corp.
June 1, 2021, 8:58 AM MDT
NuVista Energy Ltd. commissioned the Pipestone North infrastructure project on March 15, 2021, ahead of schedule.
May 12, 2021, 6:43 AM MDT
Alberta’s Wednesday land sale brought in $16.28 million.
May 6, 2021, 6 AM MDT
Kelt Exploration Ltd.’s average production in Q1 fell to 18,860 boe/d, a 39 per cent drop from the same quarter last year.
May 6, 2021, 7:09 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
Tamarack Valley Energy Ltd. may spud a well next week at its Charlie Lake asset, which it is acquiring from Anegada Oil Corp.
May 5, 2021, 9:32 AM MDT
Topaz Energy Corp. has entered into a definitive agreement with Reserve Royalty Income Trust for the purchase of subsidiaries which hold all of the Reserve Royalty assets for $26 million, payable through the issuance of 1.8 million Topaz shares.
May 3, 2021, 6:35 AM MDT
Tamarack Valley Energy Ltd. is acquiring Anegada Oil Corp., a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty (GORR) on the acquired assets.
April 12, 2021, 5:41 AM MDT
Tamarack Valley Energy Ltd. will look for further opportunities to consolidate Charlie Lake assets, following the acquisition of Anegada Oil Corp. that was announced this morning.
April 12, 2021, 10:28 AM MDT
Topaz Energy Corp. has entered into a non-binding agreement with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest in the Peace River High area of Alberta for total purchase consideration of $32 million.
April 12, 2021, 6:36 AM MDT
Alberta’s first land sale of 2021 held on Wednesday brought $5.28 million into government coffers.
January 14, 2021, 7:20 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT
Longshore Resources Ltd. has entered into an agreement with Rifle Shot Oil Corp., Steelhead Petroleum Ltd. and Primavera Resources Corp. to acquire all of their outstanding shares as part of a consolidating transaction.
June 8, 2020, 12 AM MDT