PrairieSky Royalty Ltd.’s first quarter royalty production decreased slightly to 22,007 boe/d from 23,536 boe/d as reduced lessee capital spending and the effects of the Alberta government’s mandatory production cuts affected volumes.
April 23, 2019, 8:53 AM MDT
Pine Cliff Energy Ltd. has entered into an agreement to acquire oil and natural gas assets in the Ghost Pine area of central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments.
April 18, 2019, 9:12 AM MDT
Journey Energy Inc. says it achieved “encouraging test rates” in the first two East Duvernay commitment wells in its joint venture with Kiwetinohk Resources Corp.
April 16, 2019, 8:39 AM MDT
Wayfinder Corp. has started commissioning its new frac sand extraction and processing operation, which it says is now Alberta’s closest regional silica sand facility to the Duvernay.
April 3, 2019, 7:28 AM MDT
InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.
March 20, 2019, 7:24 AM MDT
Source Energy Services Ltd. benefitted from record sand sales volumes and revenues in delivering improved year-over-year operating results in 2018 as the increased size and scope of its operations enabled it to better serve completion activity in Western Canada.
March 18, 2019, 6 AM MDT
The Alberta Energy Regulator (AER) has issued recommendations for operators working in the Duvernay in the Red Deer area following a recent seismic event.
March 15, 2019, 9:31 AM MDT
Royal Dutch Shell plc has approximately 1,200 mineral leases with over 1.7 million net mineral acres (2017: 2.6 million revised to 2.1 million).
March 14, 2019, 7:47 AM MDT
Journey Energy Inc. reported a lower net loss for Q4 and the year-ended 2018, but its funds flow declined in both periods.
March 12, 2019, 12 AM MDT
The outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) says in its latest crude oil forecast report released this morning.
March 11, 2019, 10:10 AM MDT
Essential Energy Services Ltd. is not finished making cuts to its workforce as it keeps a close eye on the forecast for the rest of 2019.
March 8, 2019, 7:17 AM MST
Freehold Royalties Ltd. experienced an uptick in activity on its royalty lands in 2018 with producers increasing their focus on oil targets.
March 8, 2019, 8:57 AM MST
Alberta’s Wednesday land sale generated $11.97 million for the province, powered by a prospective Duvernay parcel.
March 7, 2019, 6:36 AM MST
Baytex Energy Corp. replaced 106 per cent of total production in 2018, adding 31 million boe of proved plus probable gross reserves through development activities.
March 7, 2019, 6 AM MST
Liquids-weighted Athabasca Oil Corporation achieved a three per cent year-over-year increase in total proved plus probable reserves as higher thermal reserves offset lower light oil reserves.
March 7, 2019, 10:13 AM MST
Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
Chevron outlined its drilling plans for this year in the Duvernay.
March 5, 2019, 8:29 AM MST
March 5, 2019, 10:45 AM MST
The Alberta Energy Regulator says it is looking into whether an earthquake early this morning in central Alberta is due to hydraulic fracturing activities or to natural causes.
March 4, 2019, 11:33 AM MST
Encana Corporation's natural gas production is nearing one bcf/d from the Montney.
March 1, 2019, 3:11 AM MST
The new SemCAMS Midstream joint venture between SemGroup Corporation and KBR is expected to spend a total of US$230 million this year in Canada, including $10 million in maintenance capital, a SemGroup executive said Thursday.
March 1, 2019, 7:25 AM MST
Encana Corporation reported significantly higher production from the Montney in 2018, but Duvernay production declined.
February 28, 2019, 8:34 AM MST
After announcing the Duvernay joint venture on Aug. 29, Journey Energy Inc. and its partner have acquired additional Duvernay lands and now have an interest in over 165 gross sections of contiguous lands concentrated in the oil window.
February 27, 2019, 8:02 AM MST
Chevron Corporation’s production climbed in Canada during 2018, and the company said it’s applying “learnings” to the Duvernay in order to lower development costs.
February 25, 2019, 8:19 AM MST
Western Energy Services Corp. said that, given the outlook for oilfield services in Canada, it is proactively looking to deploy existing assets in Canada into more active resource plays in the United States.
February 14, 2019, 7:54 AM MST
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