Lycos Energy Inc. reported a 100 per cent drilling success rate on its multi-lateral/fishbone, Mannville heavy oil drilling program.
April 18, 2024, 7:05 AM MDT
Perpetual Energy Inc.’s production guidance is between 4,300 and 4,600 boe/d, with capital spending of $1.0 million.
March 26, 2024, 12 AM MDT
Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.
March 7, 2024, 5:12 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
Lycos Energy Inc. plans capital expenditures of $61.0 million for 2024, which includes the drilling of approximately 28 (27.2 net).
February 2, 2024, 12 AM MST
In the Jan. 24, 2024 land sale, the province sold 65,968.87 hectares of P&NG leases and licenses bringing in $10.53 million.
January 29, 2024, 6 AM MST
In the Jan. 10, 2024 land sale, the province sold 36,828.44 hectares of P&NG leases and licenses bringing in $19.75 million.
January 15, 2024, 6:34 AM MST
At Alberta’s Dec.13, 2023 land sale, the final one of the year, the province sold 55,431.98 hectares of P&NG leases and licenses bringing in $14.05 million.
December 15, 2023, 3:03 PM MST
The success applying multilateral wells in the Clearwater has operators utilizing the technology across the WCSB in medium and heavy oil formations to improve well productivity and enhance economic recoveries.
December 14, 2023, 12 AM MST
In the Nov. 29, 2023 land sale, the province sold 19,648 hectares of P&NG leases and licenses bringing in $7.65 million.
December 4, 2023, 6 AM MST
Perpetual Energy Inc. it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian private operator Pointbreak Resources for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments with a Sept. 1, 2023 effective date.
November 23, 2023, 12 AM MST
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 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
Persist Oil and Gas, Inc. and Dienerian Resources Inc. have entered into a definitive agreement to merge in an all-stock transaction.
September 6, 2023, 5:49 AM MDT
During the second half of 2023, Perpetual Energy Inc. is planning to participate at its 50 per cent working interest in an East Edson drilling program to drill, complete, equip and tie-in an additional four to six (2.0 to 2.8 net) horizontal wells to fill the West Wolf gas plant in order to optimize production and operating costs, meet transportation commitments and maximize natural gas and NGL sales through next winter.
August 4, 2023, 8:33 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
Gear Energy Ltd.’s production for the second quarter of 2023 was 5,742 boe/d, a one per cent decrease over the 5,777 boe reported in the second quarter of 2022.
July 27, 2023, 12 AM MDT
PrairieSky Royalty Ltd. reported record quarterly average oil royalty production in the second quarter with most of the growth focused on three oil bearing plays.
July 18, 2023, 8:45 AM MDT
The number of wells drilled in Western Canada is expected to increase by 12 per cent to 6,180 in 2023 (2022: 5,500) and total metres drilled by 14 per cent to 20 million (2022: 17.5 million), says Enserva.
June 14, 2023, 8:04 AM MDT
In the May 17, 2023 land sale, the province sold 40,448 hectares of P&NG leases and licenses bringing in $24.21 million. Additionally, 8,130.19 hectares of oilsands leases sold for $6.51 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $197.84 million.
May 23, 2023, 12 AM MDT
Strong and steady drilling activity on its royalty lands helped PrairieSky Royalty Ltd. to another strong quarter and led to the company posting its sixth consecutive quarter of record third-party leasing.
April 18, 2023, 8:56 AM MDT
Trican Well Service Ltd. is forecasting increasing activity in 2023 versus 2022, albeit single-digit increases on a percentage basis, says Brad Fedora, president and chief executive officer.
March 22, 2023, 12 AM MDT
Lycos Energy Inc. has added of 1,500 boe/d (100 per cent oil) production and 1.808 million boe of producing reserves in the Lloydminster area .
March 1, 2023, 6:42 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST
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