PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
Murphy Oil Corporation will reduce onshore Canada capital spending this year and direct 20 per cent—or about US$280 million—of its US$1.25-$1.45 billion 2019 capital budget toward assets in the Kaybob Duvernay, Tupper Montney and Placid Montney, the company announced this morning.
January 31, 2019, 10:33 AM MST
PrairieSky Royalty has over 75 sections of unleased Duvernay PNG rights in the Pembina area of Central Alberta, half of which have only recently became available for leasing to industry.
January 28, 2019, 7:37 AM MST
InPlay Oil Corp. announced a $36 million exploration and development capital program for 2019.
January 23, 2019, 3:47 AM MST
Privately-held HydrEra Water Services Canada and LV Energy Services Ltd. are joining forces after announcing earlier this week they entered into an agreement to combine their respective specialty fluid companies on Dec. 29, 2018.
January 11, 2019, 10:45 AM MST
Baytex Energy Corp. announced this morning it plans to increase 2019 exploration and production capital spending to $550-$650 million from this year’s anticipated spending of $450-$500 million.
December 17, 2018, 8:42 AM MST
The Alberta government closed its books on 2018 with a solid $48.86-million land sale on Wednesday, as the Duvernay appeared to drive interest—a top trend for land auctions this year.
December 13, 2018, 4:01 AM MST
Enbridge Inc. is looking beyond its British Columbia natural gas system to step-out projects in Western Canada and a key area of focus is LNG exports through its Westcoast Connector Gas Transmission project which has a developed route to Prince Rupert, analysts heard Tuesday.
December 12, 2018, 7:14 AM MST
The Alberta government has been urged by its natural gas advisory panel to take a leadership role in resolving the “serious and troubling headwinds currently assaulting” the province’s natural gas resources.
December 11, 2018, 3:44 AM MST
Athabasca Oil Corporation is supportive of Alberta’s mandated oil production cuts but says the province’s near-term steps are not enough to boost its outlook for 2019. The company is cutting its capital spending by 50 per cent compared to 2018, and reducing head office staff by 25 per cent.
December 11, 2018, 10:26 AM MST
The Alberta government attracted $28.14 million at its Wednesday land sale, driven by four large licence that combined for nearly $24 million in bonus bids.
November 29, 2018, 6:05 AM MST
It could be said that the prolific liquids-rich Montney is a victim of its own success when it comes to infrastructure.
November 22, 2018, 12 AM MST
The outlook for an increasing availability of natural gas liquids (NGLs) in Canada offers opportunities to expand domestic industries and to diversify and reach new markets, says a new study by the Canadian Energy Research Institute (CERI).
November 16, 2018, 6 AM MST
The Alberta government took in $6.63 million in bonus bids this week, as land buying has slowed in the final quarter of the year.
November 15, 2018, 8:55 AM MST
InPlay Oil Corp. announced record production in the third quarter of 4,773 boe/d, up 17 per cent from 4,087 boe/d in the year-prior period.
November 14, 2018, 6 AM MST
Production from new wells acquired in the Apache Canada Ltd. acquisition and Trilogy Energy Ltd. merger helped boost Paramount Resource Ltd.’s third quarter production.
November 9, 2018, 10:31 AM MST
Murphy Oil Corporation achieved record production in its Kaybob Duvernay program in the third quarter averaging 10,000 boe/d, making it six consecutive quarters the company has increased output in the play.
November 8, 2018, 10:23 AM MST
In Canada, SemCAMS began construction on the Pipestone pipeline system, a 40 kilometre pipeline system that will deliver Montney gas to the SemCAMS Wapiti gas plant for processing.
November 8, 2018, 6:48 AM MST
Athabasca Oil Corporation is joining other heavy oil producers and cutting production in order to mitigate the impact of the record-high WCS price discount. The company has also deferred completions on new wells on its Greater Placid Montney acreage in order to focus on maximizing returns.
November 8, 2018, 9:19 AM MST
After relatively strong activity throughout the summer, a wet September slowed demand for Essential Energy Services Ltd.’s coiled tubing rigs and pumper units as the third quarter came to a close.
November 8, 2018, 10:54 AM MST
Keyera Corp. has entered into a 50/50 joint venture agreement with Wolf Midstream to develop the Key Access Pipeline System (KAPS), a proposed liquids gathering system in northwest Alberta.
November 7, 2018, 10:09 AM MST
Based on current plans, Keyera Corp. anticipates growth capital investment of $800 million to $900 million, excluding acquisitions, in 2019.
November 7, 2018, 11:33 AM MST
NCS Multistage Holdings Inc. reported improved third quarter results Wednesday, despite what its CEO Robert Nipper called “a challenging operating environment in Canada” and a slowdown in completions activity in the U.S.
November 7, 2018, 8:45 AM MST
Successful execution of its 2018 capital program resulted in a slight increase in liquids production for Journey Energy Inc. in the third quarter of 2018 as three new oil wells placed on production offset natural declines.
November 7, 2018, 12 AM MST
Development of the East Duvernay shale light oil has taken an important step forward with two new light oil discovery wells in the Pembina area in central Alberta, says Baytex Energy Corp.
November 5, 2018, 10:09 AM MST