Longshore Resources Ltd. has entered into an agreement with Rifle Shot Oil Corp., Steelhead Petroleum Ltd. and Primavera Resources Corp. to acquire all of their outstanding shares as part of a consolidating transaction.
June 8, 2020, 12 AM MDT
Drilling activity in Q1 2020 totalled 175 gross (6.2 net) wells drilled on Freehold Royalties Ltd.’s royalty lands.
May 5, 2020, 3:02 PM MDT
During the quarter, 170 wells (99 per cent oil) were spud on PrairieSky Royalty Ltd. lands which was ahead of Q4 2019 spuds of 150 wells (99 per cent oil) but below Q1 2019 when 209 wells (93 per cent oil) were spud.
April 21, 2020, 12 AM MDT
Perpetual Energy Inc. approved a capital spending program of $6 million for the first quarter of 2020 to drill four (4.0 net) multi-lateral horizontal wells at Ukalta.
March 20, 2020, 12 AM MDT
Freehold Royalties Ltd. expects activity levels will remain strong on its royalty lands in 2020 with activity levels forecast to be similar to 2019.
March 6, 2020, 10:53 AM MST
PrairieSky Royalty Ltd. saw less drilling on its lands in the fourth quarter.
February 11, 2020, 8:14 AM MST
The Alberta government brought in $1.76-million at its Wednesday land sale.
January 23, 2020, 9:13 AM MST
Do not expect a dramatic uptick in land sale revenues in Western Canada in 2020, say experts.
January 10, 2020, 8:05 AM MST
Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.
November 14, 2019, 8:28 AM MST
PrairieSky Royalty Ltd. saw a drop in activity on its lands in the third quarter with 190 wells spud, a 21 per cent reduction from 242 wells during the same period last year.
October 29, 2019, 8:27 AM MDT
Inter Pipeline Ltd. says it has received commercial support for the construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems.
August 7, 2019, 12 AM MDT
More than half the wells drilled on Freehold Royalties Ltd.’s lands were in Saskatchewan and Manitoba in the first six months of the year.
August 7, 2019, 12 AM MDT
Perpetual Energy Inc. has reduced its 2019 capital expenditure and adjusted funds flow guidance from $21–$25 million and $22–$27 million, respectively, to $18–$21 million for each due to the 15 per cent decline in NYMEX natural gas price expectations for the remainder of 2019.
August 1, 2019, 10:36 AM MDT
Vermilion Energy Inc.’s second quarter consolidated production averaged 103,003 boe/d, down slightly from the prior quarter, as increases in the U.S. and Australia were more than offset by lower production in France due to a refinery outage in the Paris Basin.
July 29, 2019, 10:57 AM MDT
Drilling activity on PrairieSky Royalty Ltd.’s lands was down in the second quarter while production was essentially flat year-over-year.
July 23, 2019, 8:13 AM MDT
Perpetual Energy Inc.'s 2019 budgeted capital spending program is largely planned for the second half of 2019 with approximately 50 per cent of expenditures targeting heavy oil drilling in Eastern Alberta, and 50 per cent targeting continued development of liquids-rich natural gas at the company's East Edson property.
May 8, 2019, 7:02 AM MDT
Vermilion Energy Inc.’s Australian and Canadian business units were responsible for most of the company’s growth in the first quarter as two new offshore wells were brought on production in Australia and Vermilion executed one of its most active drilling programs to date in Canada.
April 26, 2019, 8:25 AM MDT
PrairieSky Royalty Ltd.’s first quarter royalty production decreased slightly to 22,007 boe/d from 23,536 boe/d as reduced lessee capital spending and the effects of the Alberta government’s mandatory production cuts affected volumes.
April 23, 2019, 8:53 AM MDT
Perpetual Energy Inc. says it anticipates a court decision in the second quarter of 2019 on its application for a dismissal of all claims from PricewaterhouseCoopers Inc. related to Perpetual’s sale of shallow gas assets to Sequoia Resources Corp. which later assigned itself into bankrupty.
March 28, 2019, 10:37 AM MDT
Freehold Royalties Ltd. experienced an uptick in activity on its royalty lands in 2018 with producers increasing their focus on oil targets.
March 8, 2019, 8:57 AM MST
By increasing its enhanced oil recovery (EOR) in southeast Saskatchewan, Vermilion Energy Inc. hopes to boost oil production.
November 28, 2018, 8:39 AM MST
Obsidian Energy Ltd. has determined that the shut-in of select legacy dry gas producing properties will positively affect its cash flows, total operating costs and corporate unit operating costs.
November 9, 2018, 3:25 AM MST
A combination of heavy oil and liquids-rich natural gas development will be the focus of a 2019 capital program of $21 million to $25 million to be funded from adjusted cash flow, says Perpetual Energy Inc.
November 9, 2018, 3:43 AM MST
Altura Energy Inc. reported average Q3 production volumes of 1,067 boe/d (82 per cent oil and liquids), an increase of eight per cent from the second quarter of 2018, but down from 1,088 a the same period last year.
November 9, 2018, 7:34 AM MST
High-margin royalty production continued to deliver strong growth opportunities for PrairieSky Royalty Ltd.
October 30, 2018, 9:20 AM MDT