Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
Crescent Point Energy Corp. has entered into an agreement with Spartan Delta Corp. to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.
March 28, 2023, 5:08 AM MDT
Spartan Delta Corp. this morning announced a deal with Crescent Point Energy Corp. in which it is selling its Gold Creek and Karr Montney assets for cash consideration of $1.7 billion.
March 28, 2023, 5:41 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
Trican Well Service Ltd. is forecasting increasing activity in 2023 versus 2022, albeit single-digit increases on a percentage basis, says Brad Fedora, president and chief executive officer.
March 22, 2023, 12 AM MDT
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
Kiwetinohk Energy Corp. posted record quarterly production in the three-month period ending Dec. 31, 2022, topping the same time a year earlier by 99 per cent.
March 9, 2023, 6 AM MST
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
Paramount Resources Ltd. is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.
March 7, 2023, 11:01 AM MST
Crescent Point Energy Corp.’s entry into Alberta’s Kaybob Duvernay formation in 2021 has succeeded to the point where the purchase will have paid for itself by the end of the first quarter 2023, investors were told during the company’s fourth-quarter results conference call.
March 3, 2023, 6:33 AM MST
STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.
March 2, 2023, 5:24 AM MST
Athabasca Oil Corporation reported production of 35,850 boe/d (93 per cent liquids) in Q4 and 35,262 boe/d (92 per cent liquids) in 2022, exceeding its annual upwardly revised guidance of 34-35,000 boe/d.
March 2, 2023, 12:43 PM MST
Four months into his tenure as the president and CEO of Baytex Energy Corp., Eric Greager says he’s gotten the lay of the land and developed a strong sense of what the path forward will be for the oil-weighted producer under his leadership.
February 27, 2023, 9:17 AM MST
Baytex Energy Corp.’s newly-minted top executive says an operational highlight for the company “continues to be our Clearwater development” at Peavine.
February 27, 2023, 8:36 AM MST
Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
Whitecap Resources Inc. achieved record annual production in 2022 and set company high watermarks for funds flow from operation and other financial performance metrics as its spree of acquisitions since 2020 backstopped the strong results.
February 23, 2023, 11:14 AM MST
In the Feb. 8 land sale, the province sold 45,136 hectares of P&NG leases and licenses bringing in $17.08 million. Additionally, 448 hectares of oilsands leases sold for $0.3 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $59.49 million.
February 13, 2023, 7:34 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST
The Duvernay shale play shows no sign of slowing down in the Kaybob and Two Creek areas based on wells brought on production between 2020 and 2022.
February 2, 2023, 9:30 AM MST
Houston-based Murphy Oil Corporation continued to advance its Tupper Montney asset in the fourth quarter and announced this morning it will spend US$125 million in the play this year.
January 26, 2023, 10:45 AM MST
January 24, 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
Paramount Resources Ltd. now expects to spend $650 to $700 million, down from the previous $720 to $760 million.
January 11, 2023, 3:46 PM MST
The royalty business acts as something of a hedge against inflation, avoiding certain pressures traditional oil and gas companies face when their access to capital becomes tighter, says Marty Staples, president and chief executive officer at Topaz Energy Corp.
January 3, 2023, 6 AM MST
Kiwetinohk Energy Corp.’s planned capital expenditures for Upstream and Green Energy are between $378-$402 million.
December 15, 2022, 12 AM MST