Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
May 12, 2022, 11:24 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 AM MDT
With Canada’s energy industry almost fully recovered from the pandemic downturn, LNG export demand should launch the next major phase of natural gas production growth, and with it will come increased liquid production that will need new markets, according to the leaders of three large infrastructure operators.
May 11, 2022, 9:32 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Paramount Resources Ltd. says it has significant opportunities within its near-term identified development project inventory that could take the company to nearly 150,000 boe/d.
May 9, 2022, 7:54 AM MDT
Paramount Resources Ltd.’s sales volumes climbed in the first quarter of 2022.
May 5, 2022, 12 AM MDT
Murphy Oil Corporation has decided to alter development plans for its Tupper Montney asset, which allowed it to maintain its 2022 well delivery plans by drilling longer laterals that will ultimately lead to higher well recoveries, it said this morning.
May 4, 2022, 11:10 AM MDT
In late April, Paramount Resources Ltd. acquired Duvernay lands and production directly offsetting its existing 61,000 net acre position in the Willesden Green area of Alberta for approximately $40 million in cash, prior to adjustments.
May 4, 2022, 12 AM MDT
Athabasca Oil Corporation planning to utilize 100 per cent of near‐term free cash flow to reduce its term debt and is anticipating being in a net cash position by year end 2022 at current commodity prices.
May 3, 2022, 4:46 PM MDT
Precision Drilling Corporation reported strong demand for its services in Canada during the first quarter of 2022, with customers extending the winter drilling programs well into the traditional spring breakup period, driving first quarter activity up almost 15 per cent from the same period last year.
May 2, 2022, 12 AM MDT
Imperial Oil Limited’s president and CEO Brad Corson said the previously announced marketing process for Imperial and ExxonMobil Canada’s interests in XTO Energy Canada is ongoing, with bids received now under evaluation.
April 29, 2022, 11:30 AM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 AM MDT
Natural gas is far more than a bridge fuel and demand is expected to climb in the decades to come as emerging economies continue to grow and energy security concerns mount, says Keyera Corp. president and CEO Dean Setoguchi.
March 29, 2022, 3 PM MDT
The approach Kiwetinohk Energy Corp. is taking to its 2022 drilling program will look to cut capital costs per lateral metre.
March 28, 2022, 12 AM MDT
Imperial Oil Limited is now “very far down the path” of marketing unconventional assets, mostly in the Montney and Duvernay, with bids to be finalized prior to March’s end, says Brad Corson, president and chief executive officer.
March 10, 2022, 3:34 PM MST
As a privately-held startup oil and gas entity, B-32 Exploration Ltd. is laser-focused on central Alberta’s Duvernay play.
March 3, 2022, 12 AM MST
Crescent Point Energy Corp. says it continues to gain operational momentum in its Kaybob Duvernay play, realizing ongoing operational efficiencies and cost reductions.
March 3, 2022, 11:32 AM 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
Athabasca Oil Corporation is maintaining its previously announced $128 million capital program in 2022, including a turnaround at Leismer.
March 2, 2022, 4:31 PM MST
Paramount Resources Ltd.’s board of directors has approved an increase in the company's regular monthly dividend to eight from six cents per common share.
March 2, 2022, 6:07 AM MST
When Crescent Point Energy Corp. announced its $900-million acquisition of Shell plc’s Kaybob Duvernay assets in Alberta in February of 2021 it signaled a new core area for the company, one which has quickly climbed the ranks of priority within its asset base.
March 1, 2022, 6 AM MST
It’s possible that Crescent Point Energy Corp. could look to add to its Kaybob Duvernay asset base — as well as its other core areas — if the stars align and the company’s pillars to strike a deal are met, according to Ryan Gritzfeldt, the company’s chief operating officer.
March 1, 2022, 6 AM MST
Pembina Pipeline Corporation has entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity (Newco), which will be owned 60 per cent by Pembina and 40 per cent by KKR's global infrastructure funds.
March 1, 2022, 6:07 AM MST
The Duvernay shale play, covering almost 20 per cent of Alberta’s geography, holds a wealth of untapped potential.
February 28, 2022, 5:52 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