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
Production of natural gas, crude oil, condensate and natural gas liquids (NGL) all reached double-digit percentage gains for Tourmaline Oil Corp. year-over-year in the first quarter of 2022.
May 5, 2022, 1:22 PM MDT
An oil and gas company with plays in B.C. and Alberta says its considerable land holdings offer it a leg-up in the market.
April 21, 2022, 2:44 PM MDT
Tamarack Valley Energy Ltd. has entered into a strategic partnership with the Peavine Metis Settlement in the High Prairie area that covers 29.5 sections of land, which are prospective for the Clearwater formation.
March 4, 2022, 5:38 AM MST
Over the past few months, Tourmaline Oil Corp. has been active in acquiring what it calls complementary assets.
March 3, 2022, 11:46 AM MST
With excess free cash flow at record levels, lots of unused credit and minimal debt, Topaz Energy Corp. is looking to add to its stock of royalty generating production and infrastructure assets in 2022, company president and chief executive officer Marty Staples told analysts at Topaz’s 2021 fourth quarter and year-end conference call.
March 2, 2022, 5:27 PM MST
Royalty and infrastructure company Topaz Energy Corp. reported record year-over-year increases in production and cash flow in the final quarter of 2021.
March 2, 2022, 8:14 AM MST
PrairieSky Royalty Ltd. reported an “exceptional year” for its business in 2021, says executive management, and the firm expects 2022 will be an active year in Canadian energy including through drilling activity on its properties.
February 8, 2022, 8:29 AM MST
Tamarack Valley Energy Ltd. executed a capital program of $41.7 million for the fourth quarter and a total of $191.2 million for 2021.
January 31, 2022, 6:50 AM MST
Tamarack Valley Energy Ltd. has set its 2022 capital budget at $250–$270 million, a spending level designed to achieve significant free funds flow and generate annual production of 45,000–46,000 boe/d.
January 13, 2022, 10:39 AM MST
Tamarack Valley Energy Ltd. says its updated five-year plan is underpinned by significant free cash flow generation and modest but sustainable annual production growth.
January 13, 2022, 10:50 AM MST
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2021.
November 10, 2021, 6:30 AM MST
During the third quarter, the working interest operators on Topaz Energy Corp.’s royalty acreage continued their active drilling operations.
November 4, 2021, 3:13 PM MDT