Privately-held B-32 Exploration Ltd. says it has reached a “significant milestone” with the closing of a non-brokered financing of $10.75 million with additional closings expected later in January.
January 14, 2022, 8 AM MST
B-32 Exploration Ltd. announces the appointment of Jason Smith to the board of directors.
January 14, 2022, 7:53 AM MST
Imperial Oil Limited today announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada.
January 12, 2022, 2:52 PM MST
After three years of volatile prices punctuated by 16 months of uncertainty due to the COVID-19 pandemic, Western Canada’s natural gas sector appears on track for a sustainable recovery, Pembina Pipeline Corporation executives told analysts at the company’s 2021 market update this week.
December 9, 2021, 2:13 PM MST
Pembina Pipeline Corporation’s latest Peace River Pipeline expansion projects are moving towards completion, providing an outlet for increasing Montney natural gas and liquids production.
December 8, 2021, 8:13 AM MST
Crescent Point Energy Corp. has set its 2022 capital expenditures budget at $825–$900 million, which remains unchanged from the preliminary 2022 guidance.
December 6, 2021, 9:01 AM MST
Baytex Energy Corp. has outlined a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d.
December 1, 2021, 3:39 PM MST
Athabasca Oil Corporation has set a capital program of $128 million for 2022.
December 1, 2021, 3:54 PM MST
During the third quarter of 2021, Kiwetinohk Energy Corp. began drilling two Duvernay horizontal wells from an existing pad in the Simonette area.
November 26, 2021, 8:15 AM MST
Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.
November 10, 2021, 9:18 AM MST
Pembina Pipeline Corporation reported earnings of $588 million for the third quarter, 82 per cent higher than the same period in the prior year as the company benefitted from continued robust pricing across all commodities in its value chain including crude, condensate, natural gas and NGLs.
November 5, 2021, 10:08 AM MDT
At Tupper Montney in Q3, Murphy Oil Corporation’s natural gas production averaged 292 mmcf/d.
November 4, 2021, 6:58 AM MDT
Paramount Resources Ltd. says its 2022 capital budget is expected to range between $500 million and $540 million, excluding land acquisitions and abandonment and reclamation activities, an increase of $165 million at midpoint from preliminary guidance.
November 4, 2021, 6 AM MDT
Baytex Energy Corp. is “intensely focused on maintaining capital discipline.”
November 4, 2021, 3:28 PM MDT
In Alberta, physical markets and regional benchmark prices (WCS) have improved with higher WTI prices. Athabasca Oil Corporation expects current WCS differentials to remain stable with muted industry growth and improving basin egress, including the recently completed Enbridge Inc. Line 3 replacement.
November 3, 2021, 3:34 PM MDT
Crescent Point Energy Corp. is focusing on improving the company’s economics in the Kaybob Duvernay play, which it says are already highly competitive.
October 28, 2021, 11:22 AM MDT
Trican Well Service Ltd. remains keenly focused on retaining existing staff and attracting new talent as labour availability continues to be a top focus for all oilfield service providers, says management.
October 27, 2021, 8:25 AM MDT
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT
Kiwetinohk Energy Corp. is the new name for the combined Kiwetinohk Resources Corp. and Distinction Energy Corp.
September 22, 2021, 3:44 PM MDT
Crescent Point Energy Corp. is expecting to generate annual average production of 131,000–135,000 boe/d in 2022 based on development capital expenditures of $825–$900 million.
September 13, 2021, 5 AM MDT
Oilfield service companies keep seeking out mergers and acquisitions that will prove successful, as highlighted in recent second quarter results and conference calls.
August 24, 2021, 5:08 AM MDT
Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.
August 11, 2021, 12 AM MDT
Pembina Pipeline Corporation has updated its full-year EBITDA guidance for 2021 to between $3.3 billion and $3.4 billion, raising the low-end, based on year-to-date results and the outlook for the remainder of the year.
August 6, 2021, 10:14 AM MDT
Keyera Corp. says construction on the KAPS pipeline project is now underway with the majority of line pipe continuing to be milled in Alberta.
August 5, 2021, 10:28 AM MDT
At Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 248 mmcf/d in Q2.
August 5, 2021, 7:19 AM MDT
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