Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT
Headwater Exploration Inc. reported average production of 7,393 boe/d for the year (consisting of 6,665 bbls/d of heavy oil, 4.4 mmcf/d of natural gas and two bbls/d of natural gas liquids), an increase of over 700 per cent from 2020 annual production of 882 boe/d.
March 11, 2022, 12 AM MST
Rubellite Energy Inc. announced Wednesday it has signed a letter of intent to pursue a farm-in and option agreement in the Peavine area, in the vicinity of recent industry Clearwater drilling activity and southwest of the company’s existing option acreage at West Dawson in northern Alberta.
March 10, 2022, 10:16 AM MST
Tamarack Valley Energy Ltd. has entered into a strategic partnership with the Peavine Metis Settlement in the High Prairie area that covers 29.5 sections of land, which are prospective for the Clearwater formation.
March 4, 2022, 5:38 AM MST
Canadian Natural Resources Limited amped up 2021 production to record quarterly and annual levels and achieved output of approximately 1.24 million boe/d, representing an increase of six per cent or approximately 71,000 boe/d over 2020 levels.
March 3, 2022, 11:04 AM MST
Given the changing dynamics of global crude markets, spiking prices and a fast-evolving geopolitical environment driven by the Russian invasion of Ukraine, Canadian Natural Resources Limited’s top executive believes the heavy oil market remains in good shape.
March 3, 2022, 4:17 PM MST
When Baytex Energy Corp. entered the Pembina Duvernay in 2018 following its strategic combination with Raging River Exploration Inc., the play was well down the list of priorities for the newly-merged entity as it focused on more mature assets like the Viking and Eagle Ford.
March 2, 2022, 5:34 AM MST
With excess free cash flow at record levels, lots of unused credit and minimal debt, Topaz Energy Corp. is looking to add to its stock of royalty generating production and infrastructure assets in 2022, company president and chief executive officer Marty Staples told analysts at Topaz’s 2021 fourth quarter and year-end conference call.
March 2, 2022, 5:27 PM MST
Freehold Royalties Ltd. reported record average production levels in Q4-2021 of 14,005 boe/d.
March 2, 2022, 2:28 PM MST
Royalty and infrastructure company Topaz Energy Corp. reported record year-over-year increases in production and cash flow in the final quarter of 2021.
March 2, 2022, 8:14 AM MST
Obsidian Energy Ltd. reported a $100-million increase in funds flow from operations (FFO) in 2021 compared to the prior year.
February 28, 2022, 12 AM MST
Baytex Energy Corp. delivered strong Q4 and full-year 2021 operating and financial results and continued to advance its new Clearwater play in northwest Alberta with four of the highest initial rate wells drilled to date in the play.
February 25, 2022, 9:51 AM MST
Cardinal Energy Ltd. produced 20,525 boe/d in the fourth quarter of 2021, averaging 19,090 boe/d for the year.
February 25, 2022, 12 AM MST
Tamarack Valley Energy Ltd. has successfully closed the previously announced acquisition of Crestwynd Exploration Ltd., a privately held pure play Clearwater oil producer.
February 15, 2022, 9:53 AM MST
The Clearwater at Marten Hills is proving itself as a strong demand driver.
February 11, 2022, 12 AM MST
Precision Drilling Corporation is currently having the “high-quality problem” of its fleet possibly running out of available super-spec rigs in 2022.
February 11, 2022, 12 AM MST
Rangeland Midstream Canada Ltd. has commissioned its Headwater Pump Station, fulfilling the original scope of the company’s overall project when the Marten Hills Pipeline System came into service in mid-2020.
February 8, 2022, 3:12 PM MST
PrairieSky Royalty Ltd. reported an “exceptional year” for its business in 2021, says executive management, and the firm expects 2022 will be an active year in Canadian energy including through drilling activity on its properties.
February 8, 2022, 8:29 AM MST
Obsidian Energy Ltd. announced its independent reserves evaluation for the year ended Dec. 31, 2021, prepared by Sproule Associates Limited, which showed an increase in both 1P and 2P reserves (see table).
February 7, 2022, 6:10 AM MST
Headwater Exploration Inc. announced an increase in the 2022 capital budget from $120 million to $145 million to allow for the drilling of newly acquired exploration prospects.
February 1, 2022, 3:20 PM MST
Tamarack Valley Energy Ltd. executed a capital program of $41.7 million for the fourth quarter and a total of $191.2 million for 2021.
January 31, 2022, 6:50 AM MST
Obsidian Energy Ltd. has outlined a 2022 capital plan of $143–$149 million, plus an additional $14 million in decommissioning expenditures.
January 24, 2022, 6:15 AM MST
Rubellite Energy Inc. recorded fourth quarter oil sales production of 647 bbls/d, in line with the fourth quarter guidance range of 650 – 700 bbl/d, despite extremely cold weather conditions in late December which hindered trucking to sales, new well startups and field operations generally.
January 19, 2022, 12 AM MST
Surge Energy Inc. outlined 2022 capital spending plans of $124 million.
January 17, 2022, 6:39 AM MST
Tamarack Valley Energy Ltd. has set its 2022 capital budget at $250–$270 million, a spending level designed to achieve significant free funds flow and generate annual production of 45,000–46,000 boe/d.
January 13, 2022, 10:39 AM MST