Imperial Oil Limited is selectively investing in its flagship Cold Lake in situ asset to maintain strong cash flow generation and reduce greenhouse gas intensity over the long-term, a senior executive said Thursday.
November 20, 2020, 6 AM MST
The fourth quarter of 2020 includes a planned development capital program by InPlay Oil Corp. that begins with the drilling of three 100 per cent working interest ERH Cardium wells in Willesden Green and construction of the associated required infrastructure.
November 13, 2020, 5:32 AM MST
Pembina Pipeline Corporation generally benefits from upstream consolidations such as Tourmaline Oil Corp.’s recent-announced acquisition of Jupiter Resources Ltd. and Modern Resources Inc., says Pembina’s top brass.
November 6, 2020, 10:38 AM MST
Cardinal Energy Ltd.’s Q3 2020 capital program included one Southern Alberta land-earning well completion, CO2 injection expenditures required for the enhanced oil recovery (EOR) project at Midale, Sask., as well as miscellaneous expenditures on recompletions and facility and pipeline integrity projects throughout the firm’s operations.
November 6, 2020, 6 AM MST
Murphy Oil Corporation’s Duvernay shale assets at Kaybob are performing extremely well with production of 13,000 boe/d in the third quarter of 2020, giving the company considerable future flexibility, says the company’s chief executive.
November 5, 2020, 11:15 AM MST
Baytex Energy Corp. has resumed drilling activity in the fourth quarter after two quarters of little to no capital spending in Canada.
November 3, 2020, 11:23 AM MST
After a few years of being in divestiture mode to shore up its balance sheet, Crescent Point Energy Corp. has “certainly been paying attention” to the recent spate of M&A activity on both sides of the border, says the company’s chief executive.
October 29, 2020, 7:57 PM MDT
There were 44 wells spud (93 per cent oil) on PrairieSky Royalty Ltd. lands during the third quarter with a focus on Viking, Bakken and Leduc units (18 wells), as well as 12 new Viking wells and six new wells in the Clearwater oil play.
October 27, 2020, 7:11 AM MDT
In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.
October 23, 2020, 7:16 AM MDT
What really matters when it comes to reservoir characterization and well performance? A case study from the Duvernay formation.
September 8, 2020, 6 AM MDT
In the Tupper Montney, natural gas production averaged 237 mmcf/d for the quarter, reported Murphy Oil Corporation. No activity occurred in the second quarter, and none is planned for the remainder of 2020.
August 10, 2020, 9:28 AM MDT
Perpetual Energy Inc. sold half of its working interest in its East Edson property in West Central Alberta at the start of Q2 2020 to a third-party purchaser for consideration including a cash payment of $35 million and the carried interest funding of the drilling, completion and tie-in costs for an eight-well drilling program.
August 5, 2020, 12 AM MDT
Ovintiv Inc. recorded a second quarter net loss of $4.4 billion versus a profit of $336 million a year earlier as non-cash charges resulting from dramatically weak prices hammered the company’s bottom line.
July 29, 2020, 10:44 AM MDT
After the slowest second quarter on record, the start of the summer has seen only a muted uptick in Canadian industry activity, although more rigs are expected online in the coming days, says the chief executive officer of Precision Drilling Corporation.
July 24, 2020, 10:28 AM MDT
Survival remains key for both oilfield services and producers in the short-term, says Kevin Neveu, president and CEO of Precision Drilling Corporation.
July 7, 2020, 8:38 AM MDT
Keep it local. That is a key consideration Reeve Leanne Beaupre from the County of Grande Prairie hopes government takes into account as it divvies out spending for the province’s Site Rehabilitation Program.
June 24, 2020, 9:33 AM MDT
Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited.
June 23, 2020, 12 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
Pembina Pipeline Corporation recorded first quarter 2020 earnings of $314 million, in line with $313 million in the comparable 2019 period.
May 8, 2020, 11:17 AM MDT
Baytex Energy Corp. has signed a strategic land agreement with the Peavine Metis settlement in the Peace River area that covers 60 sections of land south of its existing Seal operations.
May 8, 2020, 11:05 AM MDT
Murphy Oil Corporation has further ramped down capital spending for the third time this year, now to half its original US$1.45-billion guidance, as the COVID-19 pandemic continues to take a heavy toll on the industry.
May 7, 2020, 11:01 AM MDT
As a result of the current weakness and uncertainty in the price of oil, starting in April Gear Energy Ltd. chose to shut-in the majority of its production and immediately pursue reductions to the variable costs of the business in an effort to maximize funds from operations.
May 7, 2020, 1:53 PM MDT
Journey Energy Inc. has shut-in approximately 1,500 boe/d (73 per cent oil and NGL) of its production effective the first week of April.
April 27, 2020, 7:46 PM MDT
During the quarter, 170 wells (99 per cent oil) were spud on PrairieSky Royalty Ltd. lands which was ahead of Q4 2019 spuds of 150 wells (99 per cent oil) but below Q1 2019 when 209 wells (93 per cent oil) were spud.
April 21, 2020, 12 AM MDT
Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca Oil Corporation has decided to suspend the Hangingstone SAGD operation.
April 2, 2020, 4:23 PM MDT