Keep it local. That is a key consideration Reeve Leanne Beaupre from the County of Grande Prairie hopes government takes into account as it divvies out spending for the province’s Site Rehabilitation Program.
June 24, 2020, 9:33 AM MDT
Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited.
June 23, 2020, 12 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
Pembina Pipeline Corporation recorded first quarter 2020 earnings of $314 million, in line with $313 million in the comparable 2019 period.
May 8, 2020, 11:17 AM MDT
Baytex Energy Corp. has signed a strategic land agreement with the Peavine Metis settlement in the Peace River area that covers 60 sections of land south of its existing Seal operations.
May 8, 2020, 11:05 AM MDT
Murphy Oil Corporation has further ramped down capital spending for the third time this year, now to half its original US$1.45-billion guidance, as the COVID-19 pandemic continues to take a heavy toll on the industry.
May 7, 2020, 11:01 AM MDT
As a result of the current weakness and uncertainty in the price of oil, starting in April Gear Energy Ltd. chose to shut-in the majority of its production and immediately pursue reductions to the variable costs of the business in an effort to maximize funds from operations.
May 7, 2020, 1:53 PM MDT
Journey Energy Inc. has shut-in approximately 1,500 boe/d (73 per cent oil and NGL) of its production effective the first week of April.
April 27, 2020, 7:46 PM MDT
During the quarter, 170 wells (99 per cent oil) were spud on PrairieSky Royalty Ltd. lands which was ahead of Q4 2019 spuds of 150 wells (99 per cent oil) but below Q1 2019 when 209 wells (93 per cent oil) were spud.
April 21, 2020, 12 AM MDT
Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca Oil Corporation has decided to suspend the Hangingstone SAGD operation.
April 2, 2020, 4:23 PM MDT
Athabasca Oil Corporation announced a $30 million reduction to its 2020 capital program and is proactively curtailing heavy oil production at Hangingstone.
March 20, 2020, 6:06 AM MDT
Journey Energy Inc. says it has deferred its first-half 2020 drilling plans of $10 million to $11 million and is re-evaluating all future expenditures in the context of the current market while continuing its focus on the East Duvernay basin.
March 10, 2020, 2:40 PM MDT
Baytex Energy Corp. recorded adjusted funds flow of $232 million in the fourth quarter of 2019 and $902 million for the year, resulting in free cash flow of $73 million and $329 million respectively.
March 4, 2020, 11:19 AM MST
While concerns persist regarding disruptions caused by the coronavirus, Athabasca Oil Corporation said it is protected against low commodity prices by its hedging strategy.
March 4, 2020, 3:42 PM MST
Journey Energy Inc. has a first half 2020 exploration and development spending plan of $10–$11 million.
February 25, 2020, 7:13 AM MST
Chevron Corporation reported higher Canadian production in 2019, the company noted in its year-end filing.
February 24, 2020, 12 AM MST
Inter Pipeline Ltd. has spent $2.2 billion on the Heartland Petrochemical complex — including $1.2 billion in 2019 in what CEO Christian Bayle said was an ‘capital intensive’ year for the company.
February 24, 2020, 12 AM MST
Repsol reported a drop in production in Canada for 2019.
February 20, 2020, 10 AM MST
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