Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.
November 15, 2023, 9:02 AM MST
Timing for the first two wells on Onion Lake Thermal’s Pad L is exceeding expectations, said International Petroleum Corporation’s (IPC) top executive.
November 1, 2023, 12 AM MDT
At Alberta’s Oct. 18 land sale, the province sold 10,182.56 hectares of P&NG leases and licences bringing in $5.57 million. Additionally, there were 4,928 hectares of oilsands leases sold for a total bonus of $10.72 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $377.07 million.
October 23, 2023, 10:16 AM MDT
Tourmaline Oil Corp.’s $1.45-billion takeover of Bonavista Energy Corporation adds over 30,000 boe/d of oil and liquids production, while providing a major boost in reserves and acreage in the Deep Basin.
October 16, 2023, 11:35 AM MDT
International Petroleum Corporation (IPC) achieved a major milestone in the second quarter by signing the engineering, procurement and construction (EPC) contract for the central processing facility of the Blackrod Phase 1 project.
August 2, 2023, 12 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
In the June 28, 2023 land sale, the province sold 13,968 hectares of P&NG leases and licenses, bringing in $7.99 million. Additionally, 2,880 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $233.13 million.
July 4, 2023, 6 AM MDT
In Alberta’s May 3 land sale, the province sold 10,176 hectares of P&NG leases and licenses bringing in $3.57 million. Additionally, 2,642 hectares of oilsands leases sold for $0.65 million. This was the lowest hectares and bonus tallies so far this year.
May 8, 2023, 9:04 AM MDT
International Petroleum Corporation (IPC) reported record production of 52,800 boe/d in the first quarter of 2023 after closing the acquisition of southeast Alberta oil producer Cor4 Oil Corp.
May 2, 2023, 8:55 AM MDT
Southeast Alberta, once the natural gas tank of the WCSB, is seeing new life as junior and intermediate operators target bypassed oil pools spread across the vast prairie landscape.
April 13, 2023, 12 AM MDT
Pine Cliff Energy Ltd.'s announced a 2023 capital budget of $27.9 million to be fully funded from adjusted funds flow.
March 8, 2023, 6:12 AM MST
International Petroleum Corporation’s (IPC) acquisition of Cor4 Oil Corp. announced earlier this week, combined with a recent land deal, provides the company an entry into a growing tight oil play targeting the Ellerslie member in southeast Alberta.
February 9, 2023, 6 AM MST
Following the successful completion of FEED studies and the continued strong production performance from well pair three during 2022, International Petroleum Corporation (IPC) has taken the decision to advance the development of Phase 1 of the Blackrod project.
February 7, 2023, 10:07 AM MST
International Petroleum Corporation (IPC) is acquiring Cor4 Oil Corp. in Canada for asset consideration of approximately US$62 million (C$84 million).
February 6, 2023, 12 AM MST
Cardinal Energy Ltd. announced a $30 million increase to its 2022 capital budget.
July 29, 2022, 12 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Journey Energy Inc. has closed the previously announced private company (PrivateCo) acquisition.
April 4, 2022, 3:41 PM MDT
Journey Energy Inc. entered into two definitive agreements, one for the acquisition of a private company, and the other for the acquisition of plant and gathering infrastructure.
March 24, 2022, 12 AM MDT
Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT
Cardinal Energy Ltd. produced 20,525 boe/d in the fourth quarter of 2021, averaging 19,090 boe/d for the year.
February 25, 2022, 12 AM MST
Pine Cliff Energy Ltd.’s board of directors has approved a 2022 capital budget of $25.5 million to be fully funded from adjusted funds flow.
February 9, 2022, 12 AM MST
Two Lithic Glauconite horizontal wells and one Ellerslie horizontal well were brought online by Prairie Provident Resources Inc. in the second half of 2021.
December 15, 2021, 12 AM MST