The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
As Kelt Exploration Ltd. has entered various agreements that provide the company with the ability to increase its raw gas processing capacity over the next three years.
February 22, 2024, 5:48 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
Tamarack Valley Energy Ltd. says that exiting 2023, the company achieved its first debt threshold within its return of capital framework.
January 16, 2024, 12 AM MST
Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.
December 6, 2023, 5:39 AM MST
Kelt Exploration Ltd. outlined an initial capital expenditure budget of $350.0 million for 2024.
November 9, 2023, 6:13 AM MST
Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.
October 26, 2023, 10:33 AM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement with a private operator to sell its non-core west-central Alberta assets for $123 million in cash.
October 20, 2023, 12 AM MDT
At Alberta’s Sept. 6 land sale, the province sold 13,512.08 hectares of P&NG leases and licenscs bringing in $6.95 million. In addition, 960 hectares of oilsands leases sold for about $61,000. This brings the total cumulative bonus paid to-date for the year in Alberta to $343.12 million.
September 11, 2023, 8:21 AM MDT
Alberta sold 20,860.26 hectares of P&NG leases and licences in the August 23 land sale, bringing in $10.73 million. There were no oilsands parcels on this date. This brings the total cumulative bonus paid to-date for the year in the province to $336.11 million.
August 28, 2023, 8:33 AM MDT
In the July 26 land sale, the province sold 16,208 hectares of P&NG leases and licences bringing in $9.36 million. Additionally, 2,009 hectares of oilsands leases sold for $0.41 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $251.15 million.
July 31, 2023, 8:24 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 AM MDT
PrairieSky Royalty Ltd. reported record quarterly average oil royalty production in the second quarter with most of the growth focused on three oil bearing plays.
July 18, 2023, 8:45 AM MDT
In the July 12 land sale, the province sold 26,016 hectares of P&NG leases and licences bringing in $7.96 million. In addition, 1,152 hectares of oilsands leases sold for $0.29 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $241.38 million.
July 17, 2023, 6 AM MDT
In the June 28, 2023 land sale, the province sold 13,968 hectares of P&NG leases and licenses, bringing in $7.99 million. Additionally, 2,880 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $233.13 million.
July 4, 2023, 6 AM MDT
Although Tamarack Valley Energy Ltd. reported negligible infrastructure damage, the Alberta wildfires had both direct and indirect impacts on the company’s operations, including production impacts associated with unplanned third-party infrastructure downtime.
June 30, 2023, 7:43 AM MDT
In the May 17, 2023 land sale, the province sold 40,448 hectares of P&NG leases and licenses bringing in $24.21 million. Additionally, 8,130.19 hectares of oilsands leases sold for $6.51 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $197.84 million.
May 23, 2023, 12 AM MDT
Debt reduction and demonstrating how high-quality assets can reward shareholders will be high on the docket for Tamarack Valley Energy Ltd. in the near-term.
May 19, 2023, 6 AM MDT
A heavy oil production hike drove 64 per cent year-over-year overall production gains for Tamarack Valley Energy Ltd. in the first three months of 2023.
May 12, 2023, 7:44 AM MDT
In Alberta’s May 3 land sale, the province sold 10,176 hectares of P&NG leases and licenses bringing in $3.57 million. Additionally, 2,642 hectares of oilsands leases sold for $0.65 million. This was the lowest hectares and bonus tallies so far this year.
May 8, 2023, 9:04 AM MDT
Kelt Exploration Ltd. recorded the highest quarterly average production in its 10-year history during the first quarter of 2023.
May 4, 2023, 6:04 AM MDT
The Charlie Lake resource play northwest of Grande Prairie is often touted as the lowest cost tight oil play in North America.
May 2, 2023, 9:59 AM MDT
Kelt Exploration Ltd. is almost done delineating its Alberta Montney assets and will move into the development phase in 2023, company president and chief executive officer David Wilson said at its annual general meeting last week.
April 25, 2023, 12 AM MDT
Strong and steady drilling activity on its royalty lands helped PrairieSky Royalty Ltd. to another strong quarter and led to the company posting its sixth consecutive quarter of record third-party leasing.
April 18, 2023, 8:56 AM MDT
In the April 5 land sale, the province sold 109,222 hectares of P&NG leases and licences for a total bonus of $25.67 million. In addition, 9,876 hectares of oilsands leases sold for $1.89 million.
April 10, 2023, 9:05 AM MDT
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