STEP Energy Services Ltd.’s Canadian fracturing service line generated $127.4 million in revenue on 308,000 tonnes of proppant pumped, the best third quarter in the company’s history.
November 2, 2023, 12 AM MDT
Athabasca Oil Corporation believes the recent widening in differentials to US$21/bbl (Q4 strip pricing) is primarily a function of seasonality with refinery downtime and anticipates tightening from current levels in 2024 following the start-up of the Trans Mountain pipeline expansion and new global heavy oil refining capacity.
November 2, 2023, 12 AM MDT
Whitecap Resources Inc. expects to spend over $100 million annually the next three years building infrastructure as it grows Montney and Duvernay production from 70,000 to 110,000 boe/d by the end of 2027, president and chief executive officer Grant Fagerheim said at the company’s third quarter 2023 conference call.
October 27, 2023, 12 AM MDT
Whitecap Resources Inc. is using a variety of techniques including extended reach horizontal wells, multilateral wells, and open hole completions to improve productivity at its light oil assets stretching from southeast Saskatchewan to central Alberta, its East Division vice-president Chris Bullin said at the company’s third quarter 2023 conference call and 2024 budget forecast.
October 27, 2023, 7:48 AM MDT
Whitecap Resources Inc. hit its $1.3 billion debt target in the third quarter of 2023, with the company now promising to deliver 75 per cent of free cash flow to shareholders through its base dividend and share buybacks, the company reported.
October 26, 2023, 8:06 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
Whitecap Resources Inc. has approved a capital budget of $1.0 – $1.2 billion which includes the drilling of approximately 258 (222.7 net) wells and is expected to generate average production of 162,000 – 168,000 boe/d or five per cent production per share growth at the mid-point.
October 25, 2023, 3:17 PM MDT
Tourmaline Oil Corp.’s $1.45-billion takeover of Bonavista Energy Corporation adds over 30,000 boe/d of oil and liquids production, while providing a major boost in reserves and acreage in the Deep Basin.
October 16, 2023, 11:35 AM MDT
In the Oct. 4 land sale, the province sold 25,568 hectares of P&NG leases and licenses bringing in $5.87 million. There were no oilsands lands sold on this date. This brings the total cumulative bonus paid to-date for the year in Alberta to $360.79 million.
October 10, 2023, 10:34 AM MDT
Keyera Corp. marked the completion of the Key Access Pipeline System (KAPS) pipeline.
October 4, 2023, 10:42 AM MDT
ROK Resources Inc. completed phase one of its Southeast Saskatchewan drilling program, consisting of five gross (4.9 net) operated wells.
September 20, 2023, 12 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
Athabasca Oil Corporation has closed its previously announced sale of non-core light oil assets at Placid, Saxon and Simonette to a private company.
September 14, 2023, 3:48 PM MDT
Cygnet Energy Ltd. closed its acquisition of certain Duvernay and Montney assets in the Placid, Saxon and Simonette regions of Alberta.
September 14, 2023, 3:35 PM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
At Alberta’s Sept. 6 land sale, the province sold 13,512.08 hectares of P&NG leases and licenscs bringing in $6.95 million. In addition, 960 hectares of oilsands leases sold for about $61,000. This brings the total cumulative bonus paid to-date for the year in Alberta to $343.12 million.
September 11, 2023, 8:21 AM MDT
Crescent Point Energy Corp. is forecasting annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion.
September 11, 2023, 5:15 AM MDT
The liquids infrastructure segment of Keyera Corp. posted record contributions and the company’s marketing segment reached its third highest contributions ever last quarter.
August 11, 2023, 7:58 AM MDT
Journey Energy Inc. reduced its 2023 capital budget to $46 million from $63 million and now anticipates drilling seven (5.6 net) wells in the Medicine Hat and Cherhill pools.
August 10, 2023, 8:13 AM MDT
A subsidiary of Murphy Oil Corporation signed a purchase and sale agreement to divest a non-core portion of its operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets to a private company.
August 3, 2023, 4:34 AM MDT
At Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 341 mmcf/d in the second quarter, with 10 operated wells brought online.
August 3, 2023, 5:35 AM MDT
Production for Kiwetinohk Energy Corp. rallied to 20,432 boe/d last quarter from 16,810 boe/d during the same period in 2022.
August 3, 2023, 12 AM MDT
Paramount Resources Ltd.'s operations in the Grande Prairie and Kaybob Regions were significantly interrupted by wildfires in the second quarter that necessitated the temporary shut-in of a number of fields and facilities.
August 2, 2023, 6:51 AM MDT
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