Cardinal Energy Ltd.’s second quarter production of 17,949 boe/d was five per cent higher than the same period in 2020.
July 30, 2021, 6 AM MDT
CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.
July 30, 2021, 7:23 AM MDT
Source Energy Services Ltd. grew market share in the Western Canadian Sedimentary Basin (WCSB), reporting Q2 sand sales volumes of 557,208 metric tonnes (MT) and sand revenue of $58.1 million.
July 30, 2021, 8:13 AM MDT
Ovintiv Inc. is increasing its full-year crude and condensate guidance to between 190,000 and 195,000 bbls/d (up from the previous guidance of around 190,000 bbls/d) due to strong production outperformance across its assets, although the $1.5 billion 2021 capital guidance remains unchanged.
July 28, 2021, 9:43 AM MDT
Crescent Point Energy Corp. has increased its 2021 annual average production guidance to 130,000–134,000 boe/d, up from its prior range of 128,000–132,000 boe/d.
July 28, 2021, 11:14 AM MDT
As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.
July 28, 2021, 4:20 PM MDT
Precision Drilling Corporation employee recruitment and training practices represent a competitive advantage for the company coming out of the downturn, ensuring a sustained, strong market position, says top brass.
July 23, 2021, 7:27 AM MDT
The boards of directors and the largest shareholders of Kiwetinohk Resources Corp. and Distinction Energy Corp. have agreed to combine.
June 28, 2021, 7:19 AM MDT
In late-May, Pembina Pipeline Corporation placed the Vancouver Wharves expansion into service.
June 15, 2021, 6 AM MDT
Although it’s very early days, preliminary efforts to evaluate the merits of a potential floating LNG project on Nisga’a Nation territory in the Nass Valley region on British Columbia’s West Coast is ongoing.
June 8, 2021, 12 AM MDT
After a decline in 2018 and 2019, average daily production of marketable natural gas in Alberta stabilized in 2020 at 10.2 bcf/d, the Alberta Energy Regulator (AER) says in its annual ST98 report.
June 2, 2021, 10:48 AM MDT
Ovintiv Inc. closed its previously announced Eagle Ford asset sale.
May 19, 2021, 3:56 PM MDT
Crescent Point Energy Corp. says it is moving quickly to integrate the company’s newly acquired Duvernay assets into its operations.
May 12, 2021, 11:10 AM MDT
Keyera Corp. is well positioned to adapt to and find opportunities in the energy transition, says Dean Setoguchi, president and chief executive officer. The company will remain focused on generating returns for the shareholders, he adds, leveraging existing core competencies and an asset base throughout this transition.
May 11, 2021, 4:27 PM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT
Given the improvement in commodity prices and the expectation of a post-pandemic economic recovery, Pembina Pipeline Corporation said it anticipates a return to its traditional growth trajectory by 2022.
May 7, 2021, 1:39 PM MDT
Murphy Oil Corporation started off 2021 by completing strategic financial transactions that de-levered the balance sheet and extended the maturity profile, says management.
May 6, 2021, 9:32 AM MDT
In Alberta, physical markets and regional benchmark prices, namely WCS heavy oil, have strengthened with higher WTI prices and tighter differentials as a result of curtailed volumes and falling inventories.
May 5, 2021, 6:44 AM MDT
Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.
April 30, 2021, 10:46 AM MDT
Ovintiv Inc.’s Montney production averaged 230,500 boe/d (24 per cent liquids) in the first quarter of 2021, up from 204,700 boe/d in Q1 2020.
April 29, 2021, 11:05 AM MDT
While pricing for its services generally lags increasing demand during recovery cycles, Precision Drilling Corporation’s top executive sees many indicators that the fundamentals for land drilling are “well into a rebound.”
April 22, 2021, 2:47 PM MDT
First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.
April 19, 2021, 2:34 PM MDT
Crescent Point Energy Corp. plans to drill its first Duvernay wells this summer, as the company starts the process of applying its operational execution and continuous improvement practices to the play.
April 7, 2021, 10:40 AM MDT
Crescent Point Energy Corp. has successfully closed its Duvernay acquisition.
April 1, 2021, 7:38 AM MDT
Source Energy Services Ltd.’s activity levels recovered in the latter half of 2020 and have continued to gain momentum into the first quarter of 2021, supported by the strength of commodity prices.
March 19, 2021, 6:15 AM MDT