Devon Energy Corporation’s net Canadian oil production averaged 120,000 bbls/d in the fourth quarter, down from 132,000 bbls/d during the comparable period in 2017.
February 20, 2019, 10:48 AM MST
February 20, 2019, 8:12 AM MST
Exxon Mobil Corporation and Chevron Corporation expect to ramp up spending and new drilling during 2019 in U.S. shale plays, where both have moved aggressively in the past few years.
February 5, 2019, 11:27 AM MST
Natural gas experiences the largest production increase of all fossil fuels during the projection period in the Energy Information Administration (EIA) outlook report across all cases, driven by continued development of lower-cost shale gas and tight oil resources.
January 24, 2019, 10:25 AM MST
BP plc has completed the $10.5 billion acquisition of BHP Billiton’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth.
October 31, 2018, 9:54 AM MDT
By agreeing to a US$480 million deal with Denver-based DJR Energy last week, Encana Corporation became the latest in a series of significant oil and gas producers to leave the San Juan Basin.
October 9, 2018, 9:16 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
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
STEP Energy Services Ltd. reported good second quarter financial results Thursday morning, supported by the acquisition this past winter of a company that helped it enter the U.S. fracturing market.
August 2, 2018, 10:30 AM MDT
Service companies hoping Encana Corporation would immediately boost spending will be disappointed.
August 1, 2018, 11:45 AM MDT
Baytex Energy Corp. is doing its part to contribute to record levels of western Canadian crude being shipped to market via rail.
July 31, 2018, 10:54 AM MDT
June 14, 2018, 8:48 AM MDT
June 4, 2018, 10:16 AM MDT
Aided by its proximity to Gulf Coast markets, Baytex Energy Corp. realized its strongest operating netback in the Eagle Ford since the oil price collapse three years ago, at $32.48/boe, in the first quarter.
May 4, 2018, 11:43 AM MDT
Encana Corporation is on track to increase total production by more than 30 per cent in 2018 compared to 2017, adjusted for 2017 dispositions, as the company keeps optimizing its cube development model to increase efficiency.
May 1, 2018, 9:40 AM MDT
After delivering what analysts described as “outstanding” first quarter results, executives with ConocoPhillips made it clear in a conference call Thursday what they thought of last year’s sale of US$13.3 billion in Canadian oilsands and conventional Canadian gas assets, as well as its new, increased position in the Montney.
April 27, 2018, 9:37 AM MDT
Pioneer Natural Resources Company has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford shale acreage position for $102 million, subject to normal closing adjustments.
March 27, 2018, 5 AM MDT