Bonavista Energy Corporation has set a target to spend between $100 million and $120 million – with the majority allocated to its West Central core area – on its exploration and development (E&D) program in 2020.
February 14, 2020, 6 PM MST
Rig activity should remain in the mid-70s range in Canada through to the end of February for Precision Drilling Corporation, says top brass, and when things slow down come spring, he expects that to be weather driven and not a function of E&P budget exhaustion.
February 13, 2020, 8:48 PM MST
Athabasca Minerals Inc.’s subsidiary, AMI Silica Inc., has secured an anchor offtake agreement with Shell Canada Energy for its Duvernay frack sand project.
February 12, 2020, 7:26 AM MST
PrairieSky Royalty Ltd. saw less drilling on its lands in the fourth quarter.
February 11, 2020, 8:14 AM MST
Precision Drilling Corporation is planning for a bearish year, says top brass, even if that scenario does not unfold this year.
February 5, 2020, 9:20 AM MST
With environment, social and governance (ESG) talk so prevalent in the last six months, it has become “very clear” to Enerflex Ltd. that it must provide clear disclosures around such things as carbon emissions.
January 30, 2020, 3:31 PM MST
Murphy Oil Corporation is planning 2020 capital expenditures in the range of US$1.4 billion to $1.5 billion, with Canadian onshore expected to receive 12 per cent of spending, and three per cent allocated to Canada offshore.
January 30, 2020, 8:38 AM MST
Merger and acquisition (M&A) activity in the upstream Canadian oil and gas sector was historically weak in 2019 but could be primed for a moderate rebound this year, say industry insiders.
January 29, 2020, 7:33 AM MST
Two induced seismic events near Red Deer recently prompted the Alberta Geological Survey (AGS) to review earthquakes in Central Alberta.
January 27, 2020, 9:54 AM MST
InPlay Oil Corp. has approved a capital program of $35 million for 2020, focusing on sustainability and flexibility.
January 21, 2020, 7:46 AM MST
Athabasca Oil Corporation has set its 2020 capital budget at $125 million, which the company says is “focused on resiliency” by executing a program aimed at sustaining production within projected funds flow.
January 9, 2020, 7:12 AM MST
While the decade began with rocketing average land sale prices as producers scooped up Duvernay and Montney acreage, they ended with a whimper as the province recorded an annual average price of $140.81 for 2019, the lowest during the period.
December 19, 2019, 11:02 AM MST
Chevron Corporation is examining the possibility of divesting its position in Kitimat LNG.
December 11, 2019, 8:47 AM MST
New regulations to manage potential hazards from induced seismicity from hydraulic fracturing in the Red Deer region have been outlined by the Alberta Energy Regulator.
December 10, 2019, 10:04 AM MST
Paramount Resources Ltd. has closed the sale of certain natural gas weighted properties in West Central Alberta for cash consideration of approximately $55 million.
December 5, 2019, 7:22 AM MST
Baytex Energy Corp. announced a 2020 capital budget of $500 to $575 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d.
December 5, 2019, 12 AM MST
November 25, 2019, 8:54 AM MST
Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.
November 14, 2019, 8:28 AM MST
As a result of “capital efficiencies” in its 2019 capital program, Paramount Resources Ltd. has accelerated drilling operations for 10 (10.0 net) Montney wells at Karr into the fourth quarter of 2019 that were originally scheduled for 2020, while maintaining its 2019 base capital budget at $350 million.
November 7, 2019, 7:39 AM MST
Essential Energy Services Ltd. reported third quarter revenue of $39.27 million, down from $50.63 million in the same period in 2018 due to low activity in the Western Canadian Sedimentary Basin.
November 7, 2019, 6:45 PM MST
After a solid third quarter, Keyera Corp. is “on track to deliver another record year of financial performance,” says David Smith, president and CEO.
November 6, 2019, 11:17 AM MST
Bonavista Energy Corporation drilled its first Duvernay horizontal well in the third quarter of 2019 as the company continued to focus on its most prolific and profitable opportunities.
November 6, 2019, 9:12 AM MST
To support West Coast hydrocarbon terminals and LNG developments, Horizon North Logistics Inc. continues to work on first phase development of its 57-acre parcel of land located in Kitimat, as the first 360 beds of the Crossroads Lodge were operational in Q3 2019, with the whole 736-bed facility to be operational by late 2019 or early 2020.
November 6, 2019, 6:01 AM MST
During the third quarter, Journey Energy Inc. began work on a 4.5-megawatt power project at its Countess property.
November 5, 2019, 9:50 AM MST
Baytex Energy Corp. says that given its strong year-to-date operating performance, the company now expects to exceed its 2019 full-year annual production guidance.
November 1, 2019, 10:17 AM MDT