During the second half of 2022, Rubellite Energy Inc. plans to spend approximately $24 to $26 million to continue its two-rig drilling program into the fourth quarter of 2022 to drill, complete, equip and tie-in 20 (17.2 net) multi-lateral horizontal wells planned in its three core operating areas at Ukalta, Figure Lake and Marten Hills.
August 10, 2022, 3:26 PM MDT
Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).
August 10, 2022, 3:34 PM MDT
Ensign Energy Services Inc. recorded gains in both operating days and marketed rigs through its Canadian operations in the second quarter of 2022.
August 9, 2022, 7:26 AM MDT
Headwater Exploration Inc. currently has three drilling rigs active and will be adding a fourth drilling rig in the coming weeks.
August 5, 2022, 12 AM MDT
Canadian Natural Resources Limited’s top executive says the Clearwater play continues to evolve and gain importance in the company’s heavy oil portfolio.
August 4, 2022, 2:20 PM MDT
Canadian Natural Resources Limited has increased its 2022 capital budget to $4.92 billion from $4.35 billion as the company looks to “capture additional value by accelerating strategic growth opportunities” within its large and diverse asset base and to account for inflationary pressures.
August 4, 2022, 2:05 PM MDT
Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.
August 4, 2022, 10:45 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
Cardinal Energy Ltd. announced a $30 million increase to its 2022 capital budget.
July 29, 2022, 12 AM MDT
Obsidian Energy Ltd. said its first-half 2022 development program resulted in significant production growth for the company from its Willesden Green, Pembina and Peace River assets.
July 29, 2022, 12 AM MDT
Despite increased North America demand for its highest spec rigs, Precision Drilling Corporation says some customers have yet to adapt to new pricing realties and have tried to lowball the company during negotiations.
July 28, 2022, 12 AM MDT
Precision Drilling Corporation increased its capital spending plan to $149 million in response to higher demand and expected customer contracted upgrades on over 20 drilling rigs for 2022.
July 27, 2022, 4:43 AM MDT
Baytex Energy Corp. reported production of 83,090 boe/d (83 per cent oil and NGL) in Q2 2022, a two per cent increase over Q2 2021.
July 27, 2022, 4 PM MDT
In Q2/2022, Baytex Energy Corp. delivered strong operating and financial results and continued to advance its “exciting, new” Clearwater play in northwest Alberta.
July 27, 2022, 4:10 PM MDT
Ed LaFehr has provided Baytex Energy Corp. notice of his intent to retire in January 2023.
July 27, 2022, 3:16 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
When asked on a Q2 conference call whether M&A opportunities had “thinned out,” Andrew Phillips, president and chief executive officer of PrairieSky Royalty Ltd., agreed.
July 19, 2022, 7:44 AM 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
Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.
June 17, 2022, 12 AM MDT
Obsidian Energy Ltd. boosted guidance following a successful first half program.
June 16, 2022, 5:36 AM MDT
Tamarack Valley Energy Ltd. successfully closed the previously announced acquisition of Rolling Hills Energy Ltd.
June 10, 2022, 9:07 AM MDT
The DOB has synthesized our coverage of producers’ first quarter reports and conference calls to highlight the dominant themes that emerged.
June 3, 2022, 6 AM MDT
Rubellite Energy Inc. began as a concept about one year ago, in May 2021, as management at Perpetual Energy Inc., through its efforts to understand refinancing options, started to see the Clearwater play evolve, says Sue Riddell Rose, president and chief executive officer for both companies.
May 25, 2022, 2:23 PM MDT
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