Crescent Point Energy Corp.’s new transition plan is targeting a net debt reduction of over $1 billion by year-end 2019 through a disciplined return-focused budget and asset dispositions, company officials said this morning.
September 5, 2018, 11:08 AM MDT
STEP Energy Services Ltd. announces the completion of another record-breaking coiled tubing project on a 15k well while performing milling operations for an operator in the Duvernay.
September 4, 2018, 7:21 AM MDT
Journey Energy Inc. announced an agreement to develop its East Duvernay shale oil resource prospect with a strategic joint venture partner, Kiwetinohk Resources Corp.
August 30, 2018, 2:59 AM MDT
Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.
August 24, 2018, 9:43 AM MDT
The Alberta government generated $25.44 million in bonus bids on Wednesday, with large Duvernay parcels central to the auction, which is a recurring theme.
August 23, 2018, 7:42 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT
Despite the lowest Alberta natural gas prices in more than a quarter century, Peyto Exploration & Development Corp. remained solidly profitable in Q2 for the fifty-fourth consecutive quarter.
August 9, 2018, 11:32 AM MDT
Murphy Oil Corporation has raised its 2018 capital expenditure budget by six per cent to US$1.18 billion, with US$50 million of the increased spend being allocated to its Kaybob Duvernay program.
August 9, 2018, 11:14 AM MDT
Higher customer demand for advanced coiled tubing units, pumping units and downhole tools in the Montney and Duvernay resource plays resulted in a significant revenue jump for Essential Energy Services Ltd. in the second quarter of 2018.
August 9, 2018, 10:59 AM MDT
Journey Energy Inc.’s net hedging losses for the second quarter had a significant impact on both funds flow and ultimately the net loss.
August 9, 2018, 2:44 AM MDT
Paramount Resources Ltd. reported a second quarter net loss of $134.6 million, or $1.01 per diluted share, compared with a profit of $45.3 million, or 42 cents per share, in the second quarter of last year.
August 8, 2018, 10:51 AM MDT
In the second half of 2018 Horizon North Logistics Inc. will continue to ensure it is well prepared to take advantage of opportunities related to the potential LNG Canada project in Kitimat, British Columbia.
August 3, 2018, 7:02 AM MDT
Athabasca Oil Corporation increased its 2018 capital budget by $45 million to reflect continued activity in the Montney at Placid through the second half of 2018.
August 2, 2018, 7:03 AM MDT
Service companies hoping Encana Corporation would immediately boost spending will be disappointed.
August 1, 2018, 11:45 AM MDT
Despite the normal slowdown in oilfield activity caused by seasonal spring breakup, Source Energy Services Ltd., Canada’s largest frac sand provider, recorded strong second quarter results Wednesday, thanks to an increase in proppant intensity and completions activities by its customers.
August 1, 2018, 9:32 AM MDT
Raging River Exploration Inc. continues to “prudently and methodically” advance the evaluation of the emerging Duvernay light oil play in central Alberta.
August 1, 2018, 3:11 AM MDT
Chevron Corporation continues to make inroads in advancing its Kaybob Duvernay play in the Fox Creek area of west-central Alberta.
July 27, 2018, 10:38 AM MDT
Crescent Point Energy Corp.’s search for a new president and CEO to replace Scott Saxberg continues in the face of pressure from a disgruntled shareholder, who says transparency in that effort and the company’s go-forward plan has been lacking.
July 26, 2018, 11:33 AM MDT
The increasingly expected go-ahead for the first major liquefied natural gas (LNG) project on the West Coast, which would represent the launch of one of the country’s largest megaprojects, will be a defining moment for the Canadian natural gas industry, according to Sproule.
July 25, 2018, 6 AM MDT
Weak natural gas pricing and volumes weighed on PrairieSky Royalty Ltd. results for the second quarter and first half of 2018, leading to lower revenues, funds from operations and earnings than in the comparable 2018 periods.
July 24, 2018, 9:08 AM MDT
Privately-held Vesta Energy Corp. says that it has completed a $200 million offering of senior unsecured notes due 2023 with a coupon of 8.125 per cent.
July 24, 2018, 3:06 PM MDT
Figures compiled for the DOB by Alberta Energy show how dominant the Duvernay was in terms of land sales last year.
July 19, 2018, 9:57 AM MDT
The Canadian Association of Petroleum Producers (CAPP) released the 2018 edition of its Crude Oil Forecast, Markets and Transportation report last month. It is a very useful report in some ways, but unfortunately the crude forecasts in these reports have long suffered from myopia.
July 16, 2018, 7:58 AM MDT
Vertex Resource Group Ltd. has acquired Three Star Trucking Ltd., an environmental service company.
July 13, 2018, 8:09 AM MDT