Tamarack Valley Energy Ltd. says its updated five-year plan is underpinned by significant free cash flow generation and modest but sustainable annual production growth.
January 13, 2022, 10:50 AM MST
Tamarack Valley Energy Ltd. has entered into a definitive agreement to acquire Crestwynd Exploration Ltd., a privately held pure play Clearwater oil producer, for total consideration of $184.7 million.
December 15, 2021, 5:36 AM MST
Baytex Energy Corp. has outlined a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d.
December 1, 2021, 3:39 PM MST
PrairieSky Royalty Ltd. entered into a definitive agreement with Heritage Royalty in a $728-million deal to acquire royalty lands and extensive seismic.
November 30, 2021, 1:56 PM MST
Exploration and development capital spending for Perpetual Energy Inc. for full year 2021 is expected to be $15 to $18 million, excluding spending recorded in Perpetual's consolidated third quarter financial statements related to Rubellite Energy Inc.'s Clearwater assets prior to the effective date of the plan of arrangement.
November 12, 2021, 6:13 AM MST
Headwater Exploration Inc.'s board of directors has approved an increase of its 2021 capital budget to $140 million from $130 million, which will allow its two drilling rigs to maintain steady operations throughout the balance of the fourth quarter.
November 11, 2021, 12 AM MST
As of Sept. 30, Headwater Exploration Inc. had drilled 30 multilateral horizontal wells in the core development area which has grown oil production from 3,385 bbls/d in the first quarter of 2021 to current levels exceeding 9,000 bbls/d.
November 11, 2021, 12 AM MST
Freehold Royalties Ltd.’s board has declared a dividend of six cents per share to be paid on Dec. 15, 2021 to shareholders of record on Nov. 30, 2021.
November 11, 2021, 6:32 AM MST
Rubellite Energy Inc.’s board of directors has approved fourth quarter 2021 capital expenditures of $16 to $18 million, an increase of $6 to $8 million from previous guidance released Sept. 7, 2021.
November 10, 2021, 7:59 AM MST
During the third quarter, the working interest operators on Topaz Energy Corp.’s royalty acreage continued their active drilling operations.
November 4, 2021, 3:13 PM MDT
Baytex Energy Corp. is “intensely focused on maintaining capital discipline.”
November 4, 2021, 3:28 PM MDT
Cenovus Energy Inc. says strong third quarter free funds flow of $1.7 billion and strategic refinancing transactions resulted in a reduction in net debt to about $11 billion at the end of the third quarter and put the company in position to increase shareholder returns.
November 3, 2021, 11:39 AM MDT
Obsidian Energy Ltd. has entered into a purchase and sale agreement to acquire the remaining 45 per cent partnership interest in the Peace River Oil Partnership (PROP) asset from its joint venture partner through a wholly-owned subsidiary.
November 2, 2021, 4:12 PM MDT
Oilfield service costs will be of interest across the energy sector as companies prepare for what should be a fairly busy first quarter in 2022, says Brian Schmidt, president and chief executive officer, Tamarack Valley Energy Ltd.
October 28, 2021, 1:06 PM MDT
Tamarack Valley Energy Ltd. is increasing its full-year production guidance by four per cent to 34,250 boe/d, and the company has announced its inaugural dividend and return-of-capital framework.
October 28, 2021, 10:15 AM MDT
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT
Perpetual Energy Inc. is participating in an active capital program at its 50 per cent working interest East Edson property.
October 5, 2021, 7:29 AM MDT
Rubellite Energy Inc. currently has 14 (13.0 net) producing multi-lateral wells on production, including the six (6.0 net) original wells drilled by Perpetual Energy Inc. at Ukalta and the one (1.0 net) producing 2.5 leg multi-lateral well at Figure Lake acquired in January 2020.
October 5, 2021, 7:40 AM MDT
Pure play Clearwater producer Rubellite Energy Inc. confirmed that its outstanding warrants to purchase common shares of the company will expire on Oct. 4, 2021.
September 14, 2021, 6 AM MDT
Although activity in the Cardium play in central Alberta is showing signs of rebounding slightly from a slowdown in recent years, it faces some challenges when compared to other plays in the Western Canadian Sedimentary Basin such as the Montney, Clearwater and Charlie Lake, says Patrick O’Rourke, an analyst with AltaCorp Capital Inc.
September 13, 2021, 6:36 AM MDT
Tamarack Valley Energy Ltd. recently closed the acquisition of 53 net sections of highly prospective Clearwater lands which included approximately 400 boe/d of heavy oil production for total consideration of $36 million.
September 13, 2021, 3:23 PM MDT
Tamarack Valley Energy Ltd.'s five-year plan is expected to generate sustainable long-term growth in free funds flow.
September 13, 2021, 3:30 PM MDT
Clearview Resources Ltd. recently completed the acquisition of 14,240 gross and net acres of Crown land in the Jarvie area of Alberta focused on the developing Clearwater oil play in the region.
September 13, 2021, 10:50 AM MDT
Rubellite Energy Inc. has approved second half 2021 capital expenditures of $18 to $22 million.
September 7, 2021, 6:06 AM MDT
Baytex Energy Corp. says its 2021 appraisal program in the Clearwater, which has emerged as one of the most profitable plays in Canada, has delivered production results beyond initial expectations.
September 2, 2021, 7:57 AM MDT