Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
In 2022, Obsidian Energy Ltd. undertook the largest development program in several years.
February 23, 2023, 6:43 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST
Obsidian Energy Ltd. is planning $260–$270 million in capital expenditures for development and exploration/appraisal activities in 2023, plus an additional $26–$28 million in decommissioning expenditures that accelerates its asset retirement obligations.
January 31, 2023, 8:20 AM MST
Obsidian Energy Ltd. reported a substantial increase in its reserve values and volumes for 2022 over 2021, replacing reserves across all categories.
January 31, 2023, 9:11 AM MST
In the Jan. 25 landsale, the province sold 65,892 hectares of P&NG leases and licences bringing in $10.52 million. There was no public offering of Crown oilsands rights this sale. This brings the total cumulative bonus paid to-date for the year in Alberta to $42.11 million.
January 30, 2023, 7:09 AM MST
Rubellite Energy Inc. is on track to achieve its combined Q4 2022 and Q1 2023 capital expenditure guidance of approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023.
January 17, 2023, 12 AM MST
The royalty business acts as something of a hedge against inflation, avoiding certain pressures traditional oil and gas companies face when their access to capital becomes tighter, says Marty Staples, president and chief executive officer at Topaz Energy Corp.
January 3, 2023, 6 AM MST
Since the end of the third quarter, Obsidian Energy Ltd. rig released an additional 14.0 wells (13.4 net), including four Cardium wells (4.0 net) in Willesden Green, three Cardium wells (2.9 net) and one vertical Devonian well (0.5 net) in Pembina, and five Bluesky wells (5.0 net) and one Clearwater well (1.0 net) in Peace River.
December 16, 2022, 6:59 AM MST
The Clearwater is one of the premier economic oil plays in North America, thanks to its relatively shallow depths and its low cost of development, deploying open hole multilateral horizontal wells that require zero stimulation.
December 13, 2022, 10 AM MST
Pembina Pipeline Corporation announced 2023 adjusted EBITDA guidance of $3.5 to $3.8 billion and a 2023 capital investment program of $730 million.
December 12, 2022, 7:14 AM MST
Baytex Energy Corp. outlined a 2023 exploration and development expenditures budget of $575–$650 million, which is designed to generate average annual production of 86,000 to 89,000 boe/d.
December 8, 2022, 12 AM MST
“Game-changing” multi-lateral drilling technology is boosting Canadian Natural Resources Limited’s operational performance in its vast conventional heavy oil asset base, attendees of the company’s 2022 Institutional Investor Open House event heard last week.
December 7, 2022, 12 AM MST
Tamarack Valley Energy Ltd. plans to invest capital of $425 to $475 million in 2023, funded entirely through adjusted funds flow and equal to approximately 50 to 60 per cent of total 2023 adjusted funds flow at budget pricing of US$80/bbl WTI and C$4/GJ AECO.
December 7, 2022, 12 AM MST
Western Canada’s oil and gas sector is back on solid footing as higher prices have allowed operators to repair balance sheets and invest in new production, a panel of industry leaders told the audience at the at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.
November 24, 2022, 10:18 AM MST
The province sold 11,491.6 hectares of P&NG leases and licences in the Nov. 16 land sale bringing in $11.68 million. Additionally, 7,616 hectares of oilsands leases sold for $2.29 million. This brings the total cumulative bonus paid to-date in Alberta to $429.2 million.
November 21, 2022, 6 AM MST
Headwater Exploration Inc. announced the results of its two stratigraphic exploration test wells.
November 15, 2022, 7:17 AM MST
Freehold Royalties Ltd. reported 304 gross wells were drilled on its royalty lands in Q3-2022, a 70 per cent increase versus the same period in 2021.
November 9, 2022, 12 AM MST
Ensign Energy Services Inc. recorded year-over-year increases in both drilling operating days and well servicing operating hours in Canada during the three-month span ending Sept. 30, 2022.
November 8, 2022, 12 AM MST
Obsidian Energy Ltd. has bumped up its capital expenditure range.
November 8, 2022, 7 AM MST
Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.
November 8, 2022, 12 AM MST
Pembina Pipeline Corporation plans on using any excess cash flow generated in the next year to reload its balance sheet in anticipation of funding a long list of potential growth opportunities worth up to $4 billion, company executives told analysts at its third quarter conference call.
November 7, 2022, 12 AM MST
It was the passing of the torch during Baytex Energy Corp.’s Q3 results conference call Friday, as now retired president and CEO Ed LaFehr delivered the quarterly rundown to analysts for the last time and his successor, Eric Greager, assumed the top role.
November 7, 2022, 12 AM MST
Canadian Natural Resources Limited continues to grow its Clearwater heavy oil play and says the asset competes well for capital within the company’s vast portfolio.
November 4, 2022, 12 AM MDT
Baytex Energy Corp. says it’s “building operational momentum” in the Clearwater as the company approaches 2023, with current production in the play of 10,000 bbls/d driving an expected corporate exit rate production of 87,000 to 88,000 boe/d.
November 4, 2022, 10:40 AM MDT
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