Last year was a transformational one for Source Rock Royalties Ltd., with the company busy on the deal front.
March 20, 2024, 6:12 AM MDT
Rubellite Energy Inc. expects exploration and development capital spending to be approximately $12 - $13 million in the first quarter of 2024.
March 15, 2024, 12 AM MDT
Rubellite Energy Inc.’s land purchases in the quarter were $1.2 million, bringing total land expenditures for 2023 to $4.0 million.
March 15, 2024, 9 AM MDT
Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.
March 15, 2024, 9:08 AM MDT
At Alberta’s March 6 land sale, McMullen Clearwater parcels brought in 75 per cent of the total bonus paid.
March 11, 2024, 9:27 AM MDT
Headwater Exploration Inc. reported record production of 19,939 boe/d (93 per cent heavy oil), an increase of 28 per cent over 2022 fourth quarter production of 15,546 boe/d (87 per cent heavy oil).
March 8, 2024, 12 AM MST
The Alberta government raked in $52.14 million at its March 6 land sale, powered by parcels in the oilsands auction.
March 7, 2024, 12 AM MST
Baytex Energy Corp. exceeded guidance in the fourth quarter 2023, and president and CEO Eric Greager said 2023 demonstrated the strength of its oil-weighted portfolio.
March 5, 2024, 12 AM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.
March 4, 2024, 3:11 PM MST
Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.
March 1, 2024, 10 AM MST
The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
Trican Well Service Ltd.’s fourth quarter results for 2023 met guidance and market expectations, with president and CEO Brad Fedora saying “differentiation and modernization” is key to the company’s strategy in 2024.
February 27, 2024, 10:17 AM MST
Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
SECURE Energy Services Inc. expects activity levels to remain robust in both the energy and industrial sectors for 2024.
February 26, 2024, 10:39 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
A new focus area for Falher (Clearwater equivalent) expansion appears to be growing southeast of the Peavine Dawson area, as highlighted in Alberta’s land sale on Feb. 7, 2024.
February 12, 2024, 8:35 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
In the Jan. 24, 2024 land sale, the province sold 65,968.87 hectares of P&NG leases and licenses bringing in $10.53 million.
January 29, 2024, 6 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
Obsidian Energy Ltd. has set a 2024 capital plan of $345–$355 million, which doesn’t include decommissioning expenses.
January 25, 2024, 6:55 AM MST
Obsidian Energy Ltd.’s 2024 plan is focused on the continued development and exploration/appraisal of its heavy oil assets in Peace River and light oil assets in Willesden Green/Pembina (Cardium/Mannville) in central Alberta.
January 25, 2024, 7:05 AM MST
Thinking back to November 2022, when he took the helm of Baytex Energy Corp., president and CEO Eric Greager recalled a smooth transition between himself and previous CEO Ed LaFehr, who was retiring.
January 23, 2024, 8 AM MST
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