Despite the lowest Alberta natural gas prices in more than a quarter century, Peyto Exploration & Development Corp. remained solidly profitable in Q2 for the fifty-fourth consecutive quarter.
August 9, 2018, 11:32 AM MDT
Murphy Oil Corporation has raised its 2018 capital expenditure budget by six per cent to US$1.18 billion, with US$50 million of the increased spend being allocated to its Kaybob Duvernay program.
August 9, 2018, 11:14 AM MDT
Higher customer demand for advanced coiled tubing units, pumping units and downhole tools in the Montney and Duvernay resource plays resulted in a significant revenue jump for Essential Energy Services Ltd. in the second quarter of 2018.
August 9, 2018, 10:59 AM MDT
Journey Energy Inc.’s net hedging losses for the second quarter had a significant impact on both funds flow and ultimately the net loss.
August 9, 2018, 2:44 AM MDT
Paramount Resources Ltd. reported a second quarter net loss of $134.6 million, or $1.01 per diluted share, compared with a profit of $45.3 million, or 42 cents per share, in the second quarter of last year.
August 8, 2018, 10:51 AM MDT
In the second half of 2018 Horizon North Logistics Inc. will continue to ensure it is well prepared to take advantage of opportunities related to the potential LNG Canada project in Kitimat, British Columbia.
August 3, 2018, 7:02 AM MDT
Athabasca Oil Corporation increased its 2018 capital budget by $45 million to reflect continued activity in the Montney at Placid through the second half of 2018.
August 2, 2018, 7:03 AM MDT
Service companies hoping Encana Corporation would immediately boost spending will be disappointed.
August 1, 2018, 11:45 AM MDT
Despite the normal slowdown in oilfield activity caused by seasonal spring breakup, Source Energy Services Ltd., Canada’s largest frac sand provider, recorded strong second quarter results Wednesday, thanks to an increase in proppant intensity and completions activities by its customers.
August 1, 2018, 9:32 AM MDT
Raging River Exploration Inc. continues to “prudently and methodically” advance the evaluation of the emerging Duvernay light oil play in central Alberta.
August 1, 2018, 3:11 AM MDT
Chevron Corporation continues to make inroads in advancing its Kaybob Duvernay play in the Fox Creek area of west-central Alberta.
July 27, 2018, 10:38 AM MDT
Crescent Point Energy Corp.’s search for a new president and CEO to replace Scott Saxberg continues in the face of pressure from a disgruntled shareholder, who says transparency in that effort and the company’s go-forward plan has been lacking.
July 26, 2018, 11:33 AM MDT
The increasingly expected go-ahead for the first major liquefied natural gas (LNG) project on the West Coast, which would represent the launch of one of the country’s largest megaprojects, will be a defining moment for the Canadian natural gas industry, according to Sproule.
July 25, 2018, 6 AM MDT
Weak natural gas pricing and volumes weighed on PrairieSky Royalty Ltd. results for the second quarter and first half of 2018, leading to lower revenues, funds from operations and earnings than in the comparable 2018 periods.
July 24, 2018, 9:08 AM MDT
Privately-held Vesta Energy Corp. says that it has completed a $200 million offering of senior unsecured notes due 2023 with a coupon of 8.125 per cent.
July 24, 2018, 3:06 PM MDT
Figures compiled for the DOB by Alberta Energy show how dominant the Duvernay was in terms of land sales last year.
July 19, 2018, 9:57 AM MDT
The Canadian Association of Petroleum Producers (CAPP) released the 2018 edition of its Crude Oil Forecast, Markets and Transportation report last month. It is a very useful report in some ways, but unfortunately the crude forecasts in these reports have long suffered from myopia.
July 16, 2018, 7:58 AM MDT
Vertex Resource Group Ltd. has acquired Three Star Trucking Ltd., an environmental service company.
July 13, 2018, 8:09 AM MDT
Coming off its lowest bonus and average price of the year on June 27, the Alberta government kicked off its second-half auction schedule with an $18.6-million land sale on Wednesday.
July 12, 2018, 10:20 AM MDT
Cenovus Energy Inc. has put its Two Creek Duvernay lands on the market.
July 4, 2018, 11:38 AM MDT
Industry paid $13.61 million into provincial coffers on Wednesday for this week’s Alberta land sale, highlighted by producers likely pushing the East Shale Basin oil play to the northwest.
June 14, 2018, 10:53 AM MDT
June 12, 2018, 10:51 AM MDT
Industry paid $42 million into provincial coffers on Wednesday, with four high-priced parcels likely purchased for their Duvernay potential, perhaps pushing the East Shale Basin oil play to the northwest.
May 31, 2018, 9:56 AM MDT
May 31, 2018, 10:53 AM MDT
Alberta’s Duvernay shale has moved from exploration into the early stages of commercial development.
May 29, 2018, 9:07 AM MDT