Total production for Kiwetinohk Energy Corp. in the second quarter of 2022 exceeded what the company saw from the same time a year earlier by 56 per cent.
August 12, 2022, 12 AM MDT
Improved productivity has kept supply costs stable, but inflation now hitting hard as service companies struggle to find solid ground
August 4, 2022, 6 AM MDT
At Tupper Montney in the second quarter, Murphy Oil Corporation’s natural gas production averaged 275 mmcf/d.
August 4, 2022, 5:13 AM MDT
Return to drilling needed to build reserves for potential production growth
August 3, 2022, 9:34 AM MDT
Following the company's second quarter Willesden Green Duvernay acquisition, Paramount Resources Ltd. entered into a definitive agreement in July to acquire additional Duvernay lands and production directly offsetting its existing 150,000 net acre position in the Willesden Green area of Alberta for $68.5 million in cash prior to adjustments.
August 3, 2022, 4:26 AM MDT
Size, structure, strategy and investor support were key to surviving lows of the price cycle
July 29, 2022, 8:51 AM MDT
Whitecap Resources Inc. posted major gains in funds flow during the second quarter of 2022.
July 29, 2022, 11:09 AM MDT
Athabasca Oil Corporation is increasing its financial forecasts for 2022 based on strong operational performance and updated pricing assumptions.
July 28, 2022, 12 AM MDT
Crescent Point Energy Corp. recently brought onstream its second, fully operated Kaybob Duvernay multi-well pad, achieving a strong IP30 rate for the wells and a further reduction in drilling days.
July 27, 2022, 11:21 AM MDT
In Q2/2022, Baytex Energy Corp. delivered strong operating and financial results and continued to advance its “exciting, new” Clearwater play in northwest Alberta.
July 27, 2022, 4:10 PM MDT
Crescent Point Energy Corp. has completed the disposition of its non-core Saskatchewan Viking assets which were previously identified as disposition candidates, for total cash consideration of approximately $260 million, prior to closing adjustments.
July 6, 2022, 2:55 PM MDT
Whitecap Resources Inc. has bulked-up its Montney asset base and gained entry into the Duvernay after announcing Tuesday it will acquire XTO Energy Canada for approximately $1.9 billion in cash and the assumption of estimated positive working capital on closing, resulting in net purchase price of $1.7 billion.
June 29, 2022, 10:54 AM MDT
Whitecap Resources Inc. has entered into a purchase and sale agreement to acquire XTO Energy Canada for total cash consideration of approximately $1.9 billion and the assumption of estimated positive working capital on closing for a net purchase price of $1.7 billion.
June 28, 2022, 3:50 PM MDT
Operators continue to fine-tune their development strategies to improve productivity and drive efficiencies in all regions of the Duvernay shale play, a Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard recently.
June 23, 2022, 6 AM MDT
Duvernay operators continue building their subsurface knowledge of the massive shale resource underlying much of central Alberta, with recent land sales and exploration drilling pushing the boundaries of the play into new areas, a recent Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard.
June 22, 2022, 6 AM MDT
Higher oil and gas prices, coupled with new players with new development ideas, are driving renewed interest in the Duvernay shale.
June 22, 2022, 10:31 AM MDT
Kiwetinohk Energy Corp.’s May production averaged 16,500 boe/d, reaching 18,500 boe/d during the first two weeks of June.
June 15, 2022, 6:33 AM MDT
B-32 Exploration Ltd. closed a series of non-brokered financings totaling $20.6 million.
June 2, 2022, 6:46 AM MDT
The number of new Alberta natural gas wells placed on production in 2021 increased by 34 per cent year-over-year to 789 as strong prices and increased demand resulted in a solid growth in capital spending on natural gas and liquids-rich targets, says the Alberta Energy Regulator (AER).
June 1, 2022, 12 AM MDT
The Alberta Energy Regulator (AER) says demand for diluents means pentanes-plus production is projected to grow over a forecast period to 2031, reaching a high of 483,000 bbls/d by 2031 as producers continue targeting the liquids-rich Montney, Upper Mannville and Duvernay formations.
June 1, 2022, 7:27 AM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
Kiwetinohk Energy Corp. this morning outlined an acceleration and expansion of its 2022 upstream operational program, resulting in increased 2022 guidance.
May 18, 2022, 12 AM MDT
Kiwetinohk Energy Corp., which saw year-over-year production growth last quarter, is boosting its production guidance for the year.
May 17, 2022, 6:16 AM MDT
Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
May 12, 2022, 11:24 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 AM MDT