Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
August 14, 2023, 8:32 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
Baytex Energy Corp. announced Tuesday the closing of its acquisition of Ranger Oil Corporation.
June 21, 2023, 9:16 AM MDT
Murphy Oil Corporation has seen positive results refracturing two older wells in the Karnes area of the Eagle Ford shale play and could launch a standalone refracturing program to extend production and increase ultimate recoveries, said Eric Hambly, executive VP of operations, during the company’s 2023 first quarter conference call.
May 15, 2023, 9:09 AM MDT
In total, 349 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in Q1-2023, a 43 per cent increase versus the same quarter in 2022.
May 10, 2023, 3:45 PM MDT
Baytex Energy Corp. reported strong results from its Peavine Clearwater development during the first quarter, and is also encouraged by a Clearwater equivalent test well at Morinville as well as early results in the Duvernay.
May 5, 2023, 11:20 AM MDT
April 18, 2023, 12 AM MDT
In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.
March 2, 2023, 12 AM MST
Baytex Energy Corp.’s US$2.5-billion take-over of Eagle Ford shale developer Ranger Oil Corporation provides the company with a new growth platform and the scale and optionality to shift capital investment to areas with the highest returns, Baytex president and chief executive officer Eric Greager said in a conference call with analysts.
February 28, 2023, 9:06 AM MST
Four months into his tenure as the president and CEO of Baytex Energy Corp., Eric Greager says he’s gotten the lay of the land and developed a strong sense of what the path forward will be for the oil-weighted producer under his leadership.
February 27, 2023, 9:17 AM MST
Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
January 20, 2023, 12 AM MST
Chesapeake Energy Corporation has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I LLC for $1.425 billion.
January 19, 2023, 12 AM MST
December 13, 2022, 6 AM MST
Baytex Energy Corp. outlined a 2023 exploration and development expenditures budget of $575–$650 million, which is designed to generate average annual production of 86,000 to 89,000 boe/d.
December 8, 2022, 12 AM MST
November 21, 2022, 6 AM MST
Freehold Royalties Ltd. reported 304 gross wells were drilled on its royalty lands in Q3-2022, a 70 per cent increase versus the same period in 2021.
November 9, 2022, 12 AM MST
Baytex Energy Corp. says it’s “building operational momentum” in the Clearwater as the company approaches 2023, with current production in the play of 10,000 bbls/d driving an expected corporate exit rate production of 87,000 to 88,000 boe/d.
November 4, 2022, 10:40 AM MDT
Baytex Energy Corp. now anticipates full-year 2022 exploration and development expenditures of approximately $515 million, up three per cent from the previously targeted $500 million which represented the high-end of the company’s prior guidance range of $450-$500 million.
November 4, 2022, 10:58 AM MDT
ConocoPhillips reported lower earnings for its Canadian segment for the third quarter of 2022.
November 3, 2022, 5:33 AM MDT