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
Although Murphy Oil Corporation continues to be pleased with results from its Kaybob Duvernay program, the U.S.-based company is taking a longer-term approach to ramping up development as it waits for macroeconomic conditions to improve.
November 1, 2019, 7:13 AM MDT
Encana Corporation continues to deliver strong results across all its operations with increased efficiencies driving down operating costs, company executives said Thursday.
November 1, 2019, 7:49 AM MDT
Encana Corporation does not expect any impact on its Canadian workforce, either in the office or in the field as a result of its plans to establish a “corporate domicile” in the United States, its chief executive said this morning.
October 31, 2019, 4:56 AM MDT
While producers are still going through their 2020 budgeting processes, and it is too early to determine their upcoming spending plans, many analysts and service providers anticipate next year’s Canadian oil and gas capital expenditure programs will be similar to 2019 levels.
October 29, 2019, 10:34 AM MDT
PrairieSky Royalty Ltd. saw a drop in activity on its lands in the third quarter with 190 wells spud, a 21 per cent reduction from 242 wells during the same period last year.
October 29, 2019, 8:27 AM MDT
Avoiding inter-well interference between parent wells and newly-drilled and fractured child wells is a vital issue for companies operating in contemporary unconventional resource plays such as the Duvernay, Montney and Permian.
October 15, 2019, 6 AM MDT
TransAlta Corporation and SemCAMS Midstream ULC have entered into definitive agreements to develop, construct and operate a new $105 million cogeneration facility at the Kaybob South No. 3 sour gas processing plant.
October 1, 2019, 3:29 PM MDT
While Canadian heavy oil is still Baytex Energy Corp.’s third priority for capital investment after the Eagle Ford and Saskatchewan Viking, its potential contribution shouldn’t be counted out, says the company’s chief executive.
September 12, 2019, 8:19 AM MDT
Pipelines are the future of water management in Canada’s upstream oil and gas sector, say companies providing these services, as the volumes required in contemporary operations simply makes trucking impractical.
September 4, 2019, 12 AM MDT
The Alberta government’s Wednesday land sale brought $12.55 million into government coffers, the highest amount at a single auction this year.
August 29, 2019, 8:11 AM MDT
The oil and gas industry in Canada is founded upon a tremendous history of exploration, beginning in the mid-19th century in southern Ontario and expanding across the country throughout the 20th century.
August 20, 2019, 7:27 AM MDT
CES Energy Solutions Corp. remains “deeply disappointed” with the federal government’s “terrible public policy” for Canada’s energy sector, says top brass, but the company also remains committed to Canada — a market still holding much potential thanks to what CES can offer LNG developments and oilsands production.
August 13, 2019, 6 AM MDT
Journey Energy Inc. is reducing its capital program to $22 to 23 million from $30 million in light of the continued volatility in commodity prices.
August 13, 2019, 12 AM MDT
SemGroup Corporation’s Canadian segment posted a second quarter 2019 profit of $29.67 million, up from $21.45 million in the second quarter of 2018.
August 9, 2019, 10:32 AM MDT
Murphy Oil Corporation continues to be pleased with its Kaybob Duvernay play as recent wells are performing to company expectations.
August 8, 2019, 2:27 PM MDT
Sales volumes for natural gas weighted Paramount Resources Ltd. were down six per cent in the second quarter of 2019 to an average of 81,793 boe/d (37 per cent liquids) from 86,741 boe/d (36 per cent liquids) in the comparable 2018 quarter.
August 8, 2019, 2:50 PM MDT
All three of Keyera Corp.’s business segments generated strong results in the second quarter of 2019 as the company posted adjusted EBITDA of $249.37 million, an increase of 18 per cent over $209.91million in the comparable 2018 quarter.
August 7, 2019, 10:18 AM MDT
A shortage of pipeline capacity and regulatory uncertainty in the Canadian energy sector continues to overshadow the company’s operational success, says Bonavista Energy Corporation.
August 7, 2019, 12 AM MDT
More than half the wells drilled on Freehold Royalties Ltd.’s lands were in Saskatchewan and Manitoba in the first six months of the year.
August 7, 2019, 12 AM MDT
Horizon North Logistics Inc.’s second quarter earnings fell short of expectations with project delays and deferrals affecting the company’s bottom line.
August 6, 2019, 9:56 AM MDT
Tervita Corporation says its growth and expansion projects are largely focused in its Energy Services segment to grow the company’s ability to meet customer demands in the Montney and Duvernay regions of Alberta and British Columbia.
August 2, 2019, 9:34 AM MDT
Baytex Energy Corp. continues to find success in the East Duvernay shale, solidifying the Pembina area as a highly prospective region for the company, says chief executive Ed LaFehr.
August 2, 2019, 10:01 AM MDT
Athabasca Oil Corporation’s second quarter consolidated output decreased to 33,958 boe/d from 37,658 boe/d for the comparable period in 2018 as both the company’s light oil and thermal segments reported reduced production year-over-year.
August 2, 2019, 12 AM MDT
It was a tough second quarter of 2019 for frack sand and proppant provider Source Energy Services Ltd., with a fatal accident at one of its key terminals and weather that hampered its customers’ activities, leading to a significant decline in sand volume and revenue compared to the same quarter last year.
August 2, 2019, 8:34 AM MDT