Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
May 12, 2022, 5:25 AM MDT
Rubellite Energy Inc. has steadily executed its business plan, running a two-rig drilling program since late November.
May 12, 2022, 5:33 AM MDT
Headwater Exploration Inc.'s board of directors has approved an increase in the 2022 capital budget to $230 million from $145 million.
May 12, 2022, 3:11 PM MDT
Headwater Exploration Inc. has continued to be active with its land expansion strategy.
May 12, 2022, 3:25 PM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Tamarack Valley Energy Ltd. successfully executed on its first quarter capital program, and combined with a series of acquisitions over the past year-and-a-half the company increased Q1 output 73 per cent year-over-year.
May 4, 2022, 10:47 AM MDT
Tamarack Valley Energy Ltd. has updated its 2022 corporate guidance to reflect its recent acquisition of Rolling Hills Energy Ltd., as well as changes in the commodity price environment.
May 4, 2022, 1:07 PM MDT
Topaz Energy Corp. reported record cash flow of $74.2 million and record free cash low of $73.8 million from its royalty assets in the first quarter of 2022.
May 4, 2022, 8:10 AM MDT
Precision Drilling Corporation reported strong demand for its services in Canada during the first quarter of 2022, with customers extending the winter drilling programs well into the traditional spring breakup period, driving first quarter activity up almost 15 per cent from the same period last year.
May 2, 2022, 12 AM MDT
Baytex Energy Corp. is boosting its capital spending forecast for 2022, which will include increased drilling activity in the Clearwater.
April 29, 2022, 12 AM MDT
Baytex Energy Corp. has taken a different approach to wells in the Clearwater, and it has paid off.
April 29, 2022, 3:28 PM MDT
Although Baytex Energy Corp. is still in the early days of its Clearwater development program at Peavine in the Peace River area, the company is excited about its potential, both in terms of its uniqueness and its resource potential.
April 22, 2022, 6 AM MDT
Technology was a key differentiator for many oilfield service companies during last year’s fourth quarter, including for Ensign Energy Services Inc., as crews installed the Edge AutoPilot solution — encompassing emissions-reduction technology — on 40 drilling rigs within the firm’s high-spec ADR fleet.
April 22, 2022, 6:55 AM MDT
After an acquisition spree in 2021 and into this year, the Clearwater heavy oil play has emerged as a future growth driver for Tamarack Valley Energy Ltd., says president and CEO Brian Schmidt.
April 21, 2022, 12 AM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement to acquire Rolling Hills Energy Ltd., a privately held pure play Clearwater oil producer, for total consideration of $93.0 million.
April 21, 2022, 6 AM MDT
Clearwater-focused Headwater Exploration Inc. continues its fast-paced development of the play in the Marten Hills area while achieving strong results in its primary development, exploration and waterflood programs.
April 20, 2022, 6 AM MDT
To learn more about the Clearwater resource play view the Daily Oil Bulletin’s new infographic: Capturing the Clearwater.
April 19, 2022, 6 AM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 AM MDT
Obsidian Energy Ltd. continues to add to its substantial land position in the Peace River area.
April 12, 2022, 6 AM MDT
The changes driven by investment in liquefied natural gas (LNG) in Western Canada will have a wide reach.
April 7, 2022, 3:15 PM MDT
The western Canadian oil and gas merger and acquisition (M&A) market is getting more competitive as higher commodity prices and improved balance sheets are changing the dynamics of deal-making, says Tamarack Valley Energy Ltd.’s president and CEO.
April 6, 2022, 1:33 PM MDT
When the Canadian federal budget is released this week, royalty companies will have their eye on any support for techniques that help energy companies reduce carbon emissions.
April 6, 2022, 5:03 PM MDT
Rubellite Energy Inc. has closed its previously announced upsized bought deal and non-brokered private placement financings of common shares for aggregate gross proceeds of $38.74 million.
March 30, 2022, 8:59 AM MDT
Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT