It was a busy morning for second quarter reports today, with several producers announcing changes to capex plans for various reasons. Most cited weak natural gas prices as the chief catalyst.
August 1, 2019, 7:12 AM MDT
Encana Corporation’s second quarter Montney production averaged 203,000 boe/d with liquids production averaging 54,000 bbls/d, or 27 per cent of total output from the play.
July 31, 2019, 10:50 AM MDT
Western Energy Services Corp. continues to seek opportunities for deploying existing Canadian assets into more active American resource plays, given the industry outlook, says management in the company’s second quarter results.
July 25, 2019, 12 AM MDT
Drilling activity on PrairieSky Royalty Ltd.’s lands was down in the second quarter while production was essentially flat year-over-year.
July 23, 2019, 8:13 AM MDT
With so many competitors currently in the United States, for the time being at least Tervita Corporation does not intend to make a major move into that market, says executive John Cooper.
July 19, 2019, 12 AM MDT
Journey Energy Inc. has received encouraging preliminary results from drilling, completing and testing three East Duvernay wells.
July 17, 2019, 10:13 AM MDT
A “surprise” and “dramatic increase” in well productivity in the Eagle Ford could guide Baytex Energy Corp.’s development of the East Duvernay.
July 11, 2019, 11:07 AM MDT
A major Duvernay operator chose the TenarisHydril Wedge XP® 2.0 connection for a challenging formation in Western Canada, given its improved running and exceptional over-torque performance.
July 10, 2019, 6:48 AM MDT
Plains Midstream Canada is proposing to expand its Rangeland crude oil pipeline system to increase its current light crude oil capacity to 200,000 bbls/d from 70,000 bbls/d.
July 9, 2019, 12 AM MDT
Catapult Environmental is pleased to announce that it has opened their Berland Complex, its third water management facility, southwest of Fox Creek, Alberta.
July 3, 2019, 6:57 AM MDT
A major Duvernay operator chose the TenarisHydril Wedge XP® 2.0 connection for a challenging formation in Western Canada, given its improved running and exceptional over-torque performance.
July 2, 2019, 8:51 AM MDT
Catapult Environmental announces that it has opened its Berland Complex, its third water management facility, southwest of Fox Creek, Alta.
July 2, 2019, 12 PM MDT
June 26, 2019, 7:36 AM MDT
While Duvernay development has progressed at a slower pace relative to other large North American resource plays, it’s come a long way since the first big land sale rush a decade ago as companies continue to lower costs and perfect drilling and completion techniques.
June 17, 2019, 9:40 AM MDT
Although well results in the emerging East Duvernay “remain highly variable,” top quartile wells drilled in 2018 are “encouraging” with an average initial production (IP30) oil rate of 580 bbls/d, says Peters & Co. Limited in an update on the play released June 13.
June 17, 2019, 9:28 AM MDT
While staying somewhat below the radar screen, junior producer Journey Energy Inc. has secured a land position in the hot East Duvernay shale play that the company’s CEO and president says could hold as much as 150 million (gross) bbls and lead to 20 years or more of ongoing production.
June 17, 2019, 10:32 AM MDT
The Canadian Association of Petroleum Producers (CAPP) says the outlook for the country’s oil producers will be constrained going forward as lack of takeaway capacity, limited market diversity and an onerous regulatory system continues to stifle investment.
June 13, 2019, 11:03 AM MDT
IHS Markit is forecasting 40 per cent production growth in light oil production in the next three to five years that will come not from the usual suspects — like the Montney, Duvernay and Spirit River — but from surprisingly profitable plays flying under the radar.
June 5, 2019, 6 AM MDT
The Alberta Energy Regulator (AER) has issued a subsurface order which establishes new monitoring, reporting, and setback requirements to manage the potential hazard of induced seismicity from hydraulic fracturing near the Brazeau reservoir in west-central Alberta.
May 28, 2019, 6 AM MDT
Keyera Corp. has approximately $2.9 billion in growth capital projects underway, including Key Access Pipeline System (KAPS), and may consider issuing term debt, hybrid notes or preferred shares to fund a portion of this program, company officials said this morning.
May 15, 2019, 9:50 AM MDT
Delphi Energy Corp. is looking for a permanent buyer of 15 mmcf/d of service on the Alliance pipeline into the Chicago City Gate.
May 15, 2019, 9:15 AM MDT
Liquids-weighted intermediate Athabasca Oil Corporation is well positioned to benefit from strong global fundamentals for heavy oil, shareholders heard Thursday.
May 10, 2019, 12 AM MDT
Crescent Point Energy Corp. continues to focus on balance sheet improvement through disciplined capital allocation, cost reductions and increased cash flow generation, executives with the company said this morning.
May 9, 2019, 11:23 AM MDT
With the vast majority of the work to integrate the assets of two acquired companies completed, Paramount Resources Ltd. will focus on maintaining capital discipline and prioritizing lower-risk, liquids-rich Montney resource plays that generate immediate cash flows, the company told its annual general meeting Wednesday.
May 9, 2019, 9:48 AM MDT
In the first quarter of 2019 InPlay Oil Corp. drilled 2.7 net extended reach horizontal (ERH) wells with the majority of the remaining 2019 capital planned to be spent in the second half of the year on approximately six net additional Cardium ERH wells.
May 9, 2019, 12 AM MDT
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