Development of the East Duvernay shale light oil has taken an important step forward with two new light oil discovery wells in the Pembina area in central Alberta, says Baytex Energy Corp.
November 5, 2018, 10:09 AM MST
Pembina Pipeline Corporation has entered into long-term, take-or-pay agreements to backstop development of new pipeline and processing infrastructure totaling approximately $1.3 billion, projects the company’s top executive says will “deliver reliable transportation services” to customers in a “cost-effective and timely manner.”
November 2, 2018, 10:34 AM MDT
Source Energy Services Ltd., Canada’s largest frac sand services provider, released disappointing third quarter results Thursday, surprising analysts and investors, who had been told by company executives to expect strong results for the quarter, after the release of second quarter results this past summer.
November 2, 2018, 9:21 AM MDT
Encana Corporation boosted total production during the third quarter to 378,200 boe/d, up 33 per cent from 284,000 boe/d a year ago, with major increases in Permian and Montney volumes.
November 1, 2018, 11:47 AM MDT
Secure Energy Services Inc. increased third quarter revenue 35 per cent to $829.03 million from $613.6 million a year earlier.
November 1, 2018, 12 AM MDT
With the recently announced positive FID by LNG Canada of its LNG project, Horizon North Logistics Inc. has started to execute on its West Coast LNG strategy.
November 1, 2018, 6:27 AM MDT
Canadian oil and natural gas production is expected to continue to grow to 2040 even as domestic energy demand growth slows, says the National Energy Board (NEB) in a new long-term energy report.
October 31, 2018, 11:49 AM MDT
High-margin royalty production continued to deliver strong growth opportunities for PrairieSky Royalty Ltd.
October 30, 2018, 9:20 AM MDT
Point Loma Resources Ltd. closed its previously announced short form prospectus marketed financing for aggregate gross proceeds of approximately $3.16 million.
October 25, 2018, 8:17 AM MDT
Amid Trump tax cuts and reduced regulations in the U.S., and robust activity in premium basins like the prolific Permian, Canada’s battered energy sector is looking for some relief. As U.S. output soars to all time record levels, driven by technology partly developed north of the border, Canada risks losing its edge, panelists told the Calgary Energy Roundtable.
October 15, 2018, 6 AM MDT
Source Energy Services Ltd. says that its sand sales volumes for the third quarter of 2018 were 726,000 metric tonnes for total 2018 nine-month sales volumes of 2.182 million metric tonnes.
October 5, 2018, 8:03 AM MDT
Royal Dutch Shell plc and its LNG Canada partners’ decision to move forward with the massive $40 billion project is welcome news for the beleaguered Western Canada natural gas sector.
October 2, 2018, 11:11 AM MDT
As unconventional resources, opened up over the last decade by new drilling and fracturing technology, increasingly become conventional, it’s easy to forget the stupendous size of the prize that has been unleashed by the shale and tight oil and gas revolution.
September 27, 2018, 8:22 AM MDT
Point Loma Resources Ltd. acquired lands providing entrance into the Rex (Upper Mannville) oil play in the Leduc area of Alberta.
September 24, 2018, 8:50 AM MDT
Proceeds from a cash payment of $16.7 million for non-core oil and gas properties in the West Pembina area of Alberta will be used to accelerate Cardium drilling within its core Willesden Green area and to pay down debt, says InPlay Oil Corp.
September 13, 2018, 9:27 AM MDT
Operators who acquired assets that Cenovus Energy Inc. was selling to pay for last year’s $17.7 billion acquisition of ConocoPhillips oilsands and Deep Basin properties have wasted no time in working to add value to their acquisitions.
September 12, 2018, 7:22 AM MDT
Source Energy Services Ltd. has entered into a three-year agreement with a multinational exploration and production company to provide Northern White frac sand for its Duvernay program.
September 12, 2018, 3:35 AM MDT
Wednesday’s grand opening of a new Grande Prairie service centre signals that the country’s oil and gas industry is back on its feet, according to Tenaris S.A., and the development of a West Coast LNG export project would give it a major shot in the arm.
September 6, 2018, 9:04 AM MDT
Crescent Point Energy Corp.’s new transition plan is targeting a net debt reduction of over $1 billion by year-end 2019 through a disciplined return-focused budget and asset dispositions, company officials said this morning.
September 5, 2018, 11:08 AM MDT
STEP Energy Services Ltd. announces the completion of another record-breaking coiled tubing project on a 15k well while performing milling operations for an operator in the Duvernay.
September 4, 2018, 7:21 AM MDT
Journey Energy Inc. announced an agreement to develop its East Duvernay shale oil resource prospect with a strategic joint venture partner, Kiwetinohk Resources Corp.
August 30, 2018, 2:59 AM MDT
Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.
August 24, 2018, 9:43 AM MDT
The Alberta government generated $25.44 million in bonus bids on Wednesday, with large Duvernay parcels central to the auction, which is a recurring theme.
August 23, 2018, 7:42 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT