Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Rubellite Energy Inc. has rig released total of five (5.0 net) multilateral horizontal wells at Figure Lake during the third quarter to date on the new pad located at 15-24-63-18W4 with a total of eight (8.0 net) wells planned.
September 11, 2023, 6:24 AM MDT
Kingston Midstream Limited’s wholly-owned subsidiary, Kingston Midstream Alberta Limited, will acquire Rangeland Midstream Canada Limited, the owner of the Marten Hills Pipeline.
September 5, 2023, 6:40 AM MDT
Rubellite Energy Inc.’s board of directors has approved the addition of the second rig at Figure Lake to expand development capital spending for the remainder of 2023, bringing total expected exploration and development capital spending for 2023 to $54 - $65 million.
August 11, 2023, 6:19 AM MDT
On March 9, 2022, a large land block was posted in the Cherhill area northwest of Edmonton, which included P&NG rights from surface to base of the Wabamun.
August 9, 2023, 9:03 AM MDT
Headwater Exploration Inc. is lifting its 2023 capital expenditure budget from $200 million to $225 million.
August 4, 2023, 12 AM MDT
Headwater Exploration Inc. has created a new ventures group.
August 4, 2023, 12 AM MDT
During the first half of 2023, the potential of Obsidian Energy Ltd.’s Walrus acreage was effectively delineated for future large-scale development.
August 2, 2023, 6:32 AM MDT
Topaz Energy Corp.’s Q2 2023 royalty production increased 10 per cent from the prior year to 18,411 boe/d (including record total liquids royalty production of 5,484 bbl/d).
August 1, 2023, 12 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
Precision Drilling Corporation’s Canadian fleet is in high demand with 58 rigs running, including all of its Super Triples and pad capable Super Singles.
July 27, 2023, 4:56 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
The number of wells drilled in Western Canada is expected to increase by 12 per cent to 6,180 in 2023 (2022: 5,500) and total metres drilled by 14 per cent to 20 million (2022: 17.5 million), says Enserva.
June 14, 2023, 8:04 AM MDT
As with other companies in the Canadian energy space, wildfires in Alberta and B.C. have had significant impacts across Pembina Pipeline Corporation’s operations.
June 6, 2023, 12 AM MDT
Less than two years since its inception after spinning-out from Perpetual Energy Inc., Clearwater-focused Rubellite Energy Inc. continues to quickly advance its asset base and increase output in the heavy oil play.
May 25, 2023, 6 AM MDT
As a pioneer and continued leader in the hot Clearwater heavy oil play, privately-held Spur Petroleum Ltd. continues to push the boundaries and has ambitious growth plans, says president and CEO Ian Currie.
May 23, 2023, 6:31 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
The symbiotic Clearwater heavy oil coupling of PrairieSky Royalty Ltd. and privately-held Spur Petroleum Ltd. continues to pay dividends, the top executives of both companies said during PrairieSky’s investor day in Toronto Wednesday.
May 18, 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
Rubellite Energy Inc.’s board of directors has approved capital spending for the remainder of 2023 of $30 to $32 million to drill, complete, equip and tie-in an additional 17 (17.0 net) multi-lateral development / step-out wells at Figure Lake and $4 to $6 million to drill up to three (2.0 net) multi-lateral Northern exploratory wells.
May 12, 2023, 12 AM MDT
Headwater Exploration Inc. has continued to report exceptional success in the Marten Hills West area.
May 12, 2023, 12 AM MDT