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
Paramount Resources Ltd.’s Montney-focused capital budget for 2021 is expected to range between $230-$260 million, excluding land acquisitions and abandonment and reclamation activities.
March 3, 2021, 8:42 AM MST
Chevron Corporation reported higher Canadian production for 2020, including a boost in both liquids and natural gas output.
March 1, 2021, 5:48 AM MST
With its first propane export terminal set to come into service near the end of the first quarter of 2021, Pembina Pipeline Corporation says it is evaluating its deferred expansion project for the Prince Rupert Terminal.
February 26, 2021, 11:36 AM MST
Crescent Point Energy Corp.’s $900-million acquisition of Royal Dutch Shell plc’s Kaybob Duvernay assets in Alberta announced Wednesday provides “an incredible opportunity to enter a premier basin” through a transaction that is immediately accretive, says the company’s top executive.
February 18, 2021, 10:48 AM MST
On a day in which it announced it was unloading its Duvernay assets, Ovintiv Inc. reported lower Canadian output overall, including from its dominant asset in Canada, the Montney.
February 18, 2021, 12 AM MST
“This week’s Duvernay deal activity reflects an incentive generally for producers to shore up cash positions where it makes strategic sense in terms of focus and timing, mitigate debt, or otherwise reposition their portfolio as they pivot to core assets or transition in other ways,” said Mark Young, senior M&A analyst at Evaluate Energy.
February 18, 2021, 9:50 AM MST
Crescent Point Energy Corp. has entered into an agreement with Shell Canada Energy, an affiliate of Royal Dutch Shell plc, to acquire Shell's Kaybob Duvernay assets in Alberta for $900 million.
February 17, 2021, 3:14 PM MST
Ovintiv Inc. through a wholly owned subsidiary, has agreed to sell its Duvernay assets for $263 million including $12 million in contingency payments based on future commodity prices.
February 17, 2021, 3:42 PM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
Determining a 2021 price outlook for Canada’s prime natural gas benchmark of AECO might well be summed up by paraphrasing Shakespeare’s Hamlet: “To TSP or not to TSP? That is the question.”
January 5, 2021, 12 AM MST
The increased use of alternatives and improvements in technology have reduced the energy industry’s need for non-saline water, although growth in oilsands production has driven a three per cent increase in non-saline water intensity since 2015, says an Alberta Energy Regulator (AER) report.
December 14, 2020, 7:23 AM MST
On its financial health index, Wood Mackenzie Ltd. finds that Canadian large-cap energy firms are financially quite strong, in general, when compared to their large-cap counterparts in the United States.
December 11, 2020, 10:13 AM MST