In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.
May 12, 2021, 7 AM MDT
Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.
April 30, 2021, 10:46 AM MDT
April 30, 2021, 8:03 AM MDT
Ovintiv Inc.’s Montney production averaged 230,500 boe/d (24 per cent liquids) in the first quarter of 2021, up from 204,700 boe/d in Q1 2020.
April 29, 2021, 11:05 AM MDT
March 25, 2021, 12 AM MDT
STEP Energy Services Ltd. outlined a 2021 capital program of $33.7 million based on expected work activity.
March 18, 2021, 8:07 AM MDT
On Jan. 5, 2021, Freehold Royalties Ltd. closed the acquisition of U.S. royalty properties for US$58 million net.
March 5, 2021, 8:41 AM MST
February 19, 2021, 8:58 AM MST
February 10, 2021, 8:26 AM MST
STEP Energy Services Ltd. and Universal Chemical Solutions, Inc. (UCS) have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford, Permian Basin, Niobrara-DJ Basin and Bakken formation.
February 5, 2021, 12 AM MST
Tailings ponds from some nickel mines globally, including in British Columbia, may offer valuable carbon capture and sequestration (CCS) opportunities thanks to the mineral brucite, Thursday’s B.C. Natural Resources Forum heard.
January 29, 2021, 10:08 AM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
January 20, 2021, 7:39 AM MST
Baytex Energy Corp. outlined a 2021 capital budget of $225–$275 million, which is designed to generate free cash flow and average annual production of 73,000 to 77,000 boe/d.
December 2, 2020, 3:24 PM MST
November 16, 2020, 8:45 AM MST
Baytex Energy Corp. has resumed drilling activity in the fourth quarter after two quarters of little to no capital spending in Canada.
November 3, 2020, 11:23 AM MST
At the Surmont operation in Canada, ConocoPhillips curtailed approximately 15,000 boe/d in Q3 and restored production ahead of schedule.
October 29, 2020, 7:10 AM MDT
Ovintiv Inc. posted a net loss in the third quarter of $1.52 billion (all figures US), or $5.85 per share of common stock on higher than expected crude and condensate production during the quarter and continued reductions in capital and costs.
October 29, 2020, 8:16 PM MDT
Baytex Energy Corp. previously announced voluntary production shut-ins of approximately 25,000 boe/d. These volumes remained offline for April and May.
August 4, 2020, 12 AM MDT
Baytex Energy Corp. says it has restarted some of its previously shut-in crude oil production.
June 26, 2020, 12 AM MDT
Using mobile apps that enable trucking companies, carriers and shippers to share risk and minimize empty backhauls in oilfield services simply makes sense, say some tech-savvy solution providers.
May 11, 2020, 12 AM MDT
Baytex Energy Corp. has signed a strategic land agreement with the Peavine Metis settlement in the Peace River area that covers 60 sections of land south of its existing Seal operations.
May 8, 2020, 11:05 AM MDT
Murphy Oil Corporation has further ramped down capital spending for the third time this year, now to half its original US$1.45-billion guidance, as the COVID-19 pandemic continues to take a heavy toll on the industry.
May 7, 2020, 11:01 AM MDT
North Dakota’s Bakken formation, the Permian Basin and the Eagle Ford shale are home to some of North America’s lowest cost oil producers according to the latest data from Evaluate Energy.
April 15, 2020, 7:55 AM MDT
Citing the need to preserve financial liquidity, Baytex Energy Corp. says it is reducing its 2020 capital budget by 50 per cent at the midpoint to between $260 million and $290 million, from the original $500 million to $575 million announced in December 2019.
March 19, 2020, 6:45 AM MDT