ROK Resources Inc. completed phase one of its Southeast Saskatchewan drilling program, consisting of five gross (4.9 net) operated wells.
September 20, 2023, 12 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
Athabasca Oil Corporation has closed its previously announced sale of non-core light oil assets at Placid, Saxon and Simonette to a private company.
September 14, 2023, 3:48 PM MDT
Cygnet Energy Ltd. closed its acquisition of certain Duvernay and Montney assets in the Placid, Saxon and Simonette regions of Alberta.
September 14, 2023, 3:35 PM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
At Alberta’s Sept. 6 land sale, the province sold 13,512.08 hectares of P&NG leases and licenscs bringing in $6.95 million. In addition, 960 hectares of oilsands leases sold for about $61,000. This brings the total cumulative bonus paid to-date for the year in Alberta to $343.12 million.
September 11, 2023, 8:21 AM MDT
Crescent Point Energy Corp. is forecasting annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion.
September 11, 2023, 5:15 AM MDT
The liquids infrastructure segment of Keyera Corp. posted record contributions and the company’s marketing segment reached its third highest contributions ever last quarter.
August 11, 2023, 7:58 AM MDT
Journey Energy Inc. reduced its 2023 capital budget to $46 million from $63 million and now anticipates drilling seven (5.6 net) wells in the Medicine Hat and Cherhill pools.
August 10, 2023, 8:13 AM MDT
A subsidiary of Murphy Oil Corporation signed a purchase and sale agreement to divest a non-core portion of its operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets to a private company.
August 3, 2023, 4:34 AM MDT
At Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 341 mmcf/d in the second quarter, with 10 operated wells brought online.
August 3, 2023, 5:35 AM MDT
Production for Kiwetinohk Energy Corp. rallied to 20,432 boe/d last quarter from 16,810 boe/d during the same period in 2022.
August 3, 2023, 12 AM MDT
Paramount Resources Ltd.'s operations in the Grande Prairie and Kaybob Regions were significantly interrupted by wildfires in the second quarter that necessitated the temporary shut-in of a number of fields and facilities.
August 2, 2023, 6:51 AM MDT
Athabasca Oil Corporation announced a deal to sell non-core light oil assets for total cash proceeds of $160 million.
August 1, 2023, 12 AM MDT
In the July 26 land sale, the province sold 16,208 hectares of P&NG leases and licences bringing in $9.36 million. Additionally, 2,009 hectares of oilsands leases sold for $0.41 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $251.15 million.
July 31, 2023, 8:24 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Whitecap Resources Inc. expects to ramp up activity in its Montney and Duvernay resource play assets over the next five years as it raises overall production to 200,000 boe/d, company president and chief executive officer Grant Fagerheim told analysts at its 2023 second quarter conference call.
July 27, 2023, 10:41 AM MDT
Crescent Point Energy Corp. generated $278 million of excess cash flow in second quarter of 2023, driven by strong performance from its liquids rich Kaybob Duvernay assets and its new Montney tight oil assets purchased from Spartan Delta Corp. early in 2023.
July 26, 2023, 7:44 AM MDT
Crescent Point Energy Corp. has turned its technical team loose on the Gold Creek Montney assets acquired from Spartan Delta Corp. earlier this year and is already seeing positive trends in well costs and incremental productivity increases, chief operating officer Ryan Gritzfeldt told analysts at the company’s second quarter 2023 conference call Wednesday morning.
July 26, 2023, 1:34 PM MDT
Athabasca Oil Corporation’s Q2 production averaged 34,000 boe/d (93 per cent liquids) consisting of 29,000 bbl/d in Thermal Oil and 5,000 boe/d in Light Oil.
July 26, 2023, 3:43 PM MDT
Frack sand prices have risen steadily in recent quarters and are likely to remain strong for proppant-intensive plays such as the Montney, Duvernay and even the Deep Basin, says Rystad Energy AS senior analyst Mark Quesada.
July 25, 2023, 6:56 AM MDT
At Alberta’s land sale on June 14, the province sold 12,690.8 hectares of P&NG leases and licences bringing in $4.30 million. In addition, 3,567.7 hectares of oilsands leases sold for $1.02 million.
June 19, 2023, 6 AM MDT