Peyto Exploration & Development Corp. is adding to its drilling inventory through successfully targeting underdeveloped channels in the Falher formation across its land base, Riley Frame, VP of engineering, told analysts and shareholders at the company’s second quarter 2023 conference call.
August 10, 2023, 10:27 AM MDT
The Alberta government’s Wednesday sale generated $74.23 million in bonus bids, driven by three parcels, including one that attracted a bid of just over $45-million.
August 9, 2023, 4:10 PM MDT
In the May 17, 2023 land sale, the province sold 40,448 hectares of P&NG leases and licenses bringing in $24.21 million. Additionally, 8,130.19 hectares of oilsands leases sold for $6.51 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $197.84 million.
May 23, 2023, 12 AM MDT
In Alberta’s May 3 land sale, the province sold 10,176 hectares of P&NG leases and licenses bringing in $3.57 million. Additionally, 2,642 hectares of oilsands leases sold for $0.65 million. This was the lowest hectares and bonus tallies so far this year.
May 8, 2023, 9:04 AM MDT
The Dunvegan oil play surrounding Grande Prairie is generating renewed interest as higher oil prices have existing operators testing new well construction strategies and new players enter the game.
April 24, 2023, 6 AM MDT
In the April 5 land sale, the province sold 109,222 hectares of P&NG leases and licences for a total bonus of $25.67 million. In addition, 9,876 hectares of oilsands leases sold for $1.89 million.
April 10, 2023, 9:05 AM MDT
In the March 22 land sale, the province sold 31,360 hectares of P&NG leases and licences bringing in $40.31 million. In addition, 1,280 hectares of oilsands leases sold for $0.27 million.
March 27, 2023, 8:59 AM MDT
Hawthorne Energy, LLC, through its Canadian subsidiary HWN Energy Ltd., closed two large complementary asset acquisitions located in Central and Northern Alberta.
February 6, 2023, 12 AM MST
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
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
Here are highlights of ROK Resources Inc.’s acquisition announced on Thursday.
February 3, 2022, 3:16 PM MST
Alberta’s Wednesday land sale brought $5.63 million into government coffers.
March 11, 2021, 6 AM MST
Alberta’s Wednesday land sale brought $4.83 million into provincial coffers.
December 5, 2019, 8:57 AM MST
Cequence Energy Ltd.’s second quarter production decreased slightly and averaged 6,142 boe/d compared to production of 6,334 boe/d for the same prior year period but was up from 5,964 boe/d in the first quarter of 2019.
August 12, 2019, 10:55 AM MDT
IHS Markit is forecasting 40 per cent production growth in light oil production in the next three to five years that will come not from the usual suspects — like the Montney, Duvernay and Spirit River — but from surprisingly profitable plays flying under the radar.
June 5, 2019, 6 AM MDT
Capital expenditures for the three months ended March 31, 2019, focused at Simonette where Cequence Energy Ltd. completed and tied in the two gross (2.0 net) Dunvegan horizontal oil wells drilled in the fourth quarter of 2018 and completed in early 2019.
May 10, 2019, 9 AM MDT
Focusing on its Dunvegan oil program, natural-gas weighted Cequence Energy Ltd. increased its liquids weighting in both the 2018 year and fourth quarter although overall production in both periods was down from the previous year.
March 14, 2019, 12 AM MDT
Cequence Energy Ltd. announced that Allan Mowbray will be joining the company as chief financial officer effective March 15, 2019.
February 13, 2019, 12 AM MST
Cequence Energy Ltd.’s senior lender has completed a redetermination of the borrowing base under the company’s senior secured credit facility, and has confirmed the borrowing base remains at $7 million.
December 17, 2018, 9:34 AM MST
Cequence Energy Ltd. is waiting until price differentials improve and AECO gas prices stabilize before bringing new wells on production.
November 14, 2018, 8:19 AM MST
Whitecap Resources Inc. posted record production for the second consecutive quarter in 2018 despite the historic price differential for light and heavy crude oil in Canada.
November 2, 2018, 12 AM MDT
Cequence Energy Ltd. says its second quarter liquid volumes rose by 34 per cent over the first quarter of 2018.
August 13, 2018, 9:31 AM MDT