Modern drilling and completions technologies have lifted the fortunes of Kaybob Duvernay operators, resulting in much higher activity and production.
March 25, 2024, 12 AM MDT
In the Willesden Green area there were 14,720 sections of checkerboard lands posted at Alberta’s March 20 land sale, which brought in a total combined bonus of $46.79 million, 80 per cent of the revenue from the sale.
March 25, 2024, 8:51 AM MDT
A cluster of high-priced licence parcels drove the majority of spending at Alberta’s land sale on Wednesday.
March 21, 2024, 4:26 AM MDT
A flurry of acquisitions the last three years has repositioned Crescent Point Energy Corp. as a major asset holder in the Duvernay and Montney resources plays.
March 21, 2024, 12 AM MDT
While fourth quarter of 2023 production at Kiwetinohk Energy Corp. was flat year-over-year, it was a banner year overall for output.
March 8, 2024, 12 AM MST
Paramount Resources Ltd. has shut-in dry gas production due to lower natural gas prices.
March 6, 2024, 7:29 AM MST
Paramount Resources Ltd. reported record annual sales volumes of 96,393 boe/d (46 per cent liquids) in 2023.
March 6, 2024, 7:43 AM MST
After a series of “transformational acquisitions” the last three years adding assets in the Duvernay and Montney resource plays, Crescent Point Energy Corp. is shifting its capital allocation.
March 4, 2024, 12 AM MST
Duvernay Energy Corporation has self-funded growth potential to about 25,000 boe/d (75 per cent liquids) by the late 2020s, reports Athabasca Oil Corporation.
March 4, 2024, 12 AM MST
Crescent Point Energy Corp. continues delineating its recently acquired Duvernay and Montney land base while fine-tuning its drilling and completions strategies to deliver long-term sustainable production and free cash flow.
March 1, 2024, 9:24 AM MST
Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.
March 1, 2024, 10 AM MST
Crescent Point Energy Corp. saw its production jump 20 per cent to average about 159,400 boe/d in 2023 with the addition of Spartan Delta Energy’s Montney assets in 2023.
February 29, 2024, 7:56 AM MST
Trican Well Service Ltd.’s fourth quarter results for 2023 met guidance and market expectations, with president and CEO Brad Fedora saying “differentiation and modernization” is key to the company’s strategy in 2024.
February 27, 2024, 10:17 AM MST
Spartan Delta Corp. is reducing its 2024 forecast operating costs by nine per cent to $6.07/boe and reducing its capital expenditures, before A&D, by $5 million to $125 million, exclusive of Duvernay activity, while production guidance remains unchanged at 38,500 – 40,500 boe/d.
February 27, 2024, 12 AM MST
In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.
February 27, 2024, 12 AM MST
Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
A new well completion design and real-time frack optimization resulted in improved Montney well productivity for Murphy Oil Corporation in 2023, Eric Hambly, executive vice-president of operations, told analysts at the company’s third quarter conference call.
January 29, 2024, 9:17 AM MST
In Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 386 mmcf/d in the fourth quarter, with no new wells brought online.
January 26, 2024, 9:51 AM MST
Alberta Crown land sale activity in 2023 was steady, with a strong showing in the back half of the year, and the momentum could carry into this year.
January 24, 2024, 6 AM MST
January 24, 2024, 11:05 AM MST
Thinking back to November 2022, when he took the helm of Baytex Energy Corp., president and CEO Eric Greager recalled a smooth transition between himself and previous CEO Ed LaFehr, who was retiring.
January 23, 2024, 8 AM MST
The Montney formation dominated gas drilling in 2023, representing almost two-thirds of wells drilled.
January 22, 2024, 7:09 AM MST
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