Vermilion Energy Inc. has successfully integrated the Leucrotta assets and assembled a Mica asset team which is now focused on completing the six-well Montney pad that was drilled in Q2 2022.
August 12, 2022, 4:17 AM MDT
Perpetual Energy Inc. forecasts exploration and development capital expenditures of $29 – $32 million for full year 2022, up slightly from previous guidance of $28 to $30 million released on May 4, 2022, to be fully funded from adjusted funds flow.
August 3, 2022, 3:28 PM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
The number of new Alberta natural gas wells placed on production in 2021 increased by 34 per cent year-over-year to 789 as strong prices and increased demand resulted in a solid growth in capital spending on natural gas and liquids-rich targets, says the Alberta Energy Regulator (AER).
June 1, 2022, 12 AM MDT
After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
Funds flow from operations at Vermilion Energy Inc. in the first quarter of 2022 more than doubled from the same three-month stretch of 2021.
May 12, 2022, 4:55 AM MDT
Perpetual Energy Inc. saw production levels increase for Q1 2022 thanks to nine (4.5-net) East Edson liquids-rich Wilrich gas wells brought on production during last year, which were partially offset by the Q3 2021 sale of Clearwater assets to Rubellite Energy Inc.
May 5, 2022, 2:19 PM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 AM MDT
Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of up to $28 million for 2022 to be fully funded from adjusted funds flow.
March 15, 2022, 4:14 PM MDT
Commodity prices helped carry Vermilion Energy Inc. to a considerable increase in fund flows from operations (FFO) in its fourth quarter of 2021.
March 7, 2022, 2:55 PM MST
Pine Cliff Energy Ltd. is acquiring all of the issued and outstanding common shares of a privately held oil and gas company for a cash purchase price of $22.2 million, prior to working capital adjustments.
December 20, 2021, 7:05 PM MST
Vermilion Energy Inc.’s board of directors has approved an E&D capital budget of $425 million for 2022, which is in line with the preliminary outlook it provided with its Q3 2021 results.
November 29, 2021, 6:47 AM MST
Vermilion Energy Inc. anticipates a 2022 capital program in the range of $400 - $450 million with production at a similar level to original 2021 guidance of 83,000 to 85,000 boe/d.
November 10, 2021, 4:25 AM MST
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT
Perpetual Energy Inc. is participating in an active capital program at its 50 per cent working interest East Edson property.
October 5, 2021, 7:29 AM MDT
Perpetual Energy Inc. and Rubellite Energy Inc. are both expected to have active capital programs over the balance of the year.
August 17, 2021, 6:59 AM MDT
Vermilion Energy Inc.’s Q1 2021 drilling campaign was focused on condensate-rich Mannville natural gas wells in west-central Alberta, where the company drilled 10 (9.7 net) wells and completed 15 (14.7 net) wells during the first quarter.
April 29, 2021, 7:38 AM MDT
First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.
April 19, 2021, 2:34 PM MDT
Perpetual Energy Inc. continued its active abandonment and reclamation program in the fourth quarter of 2020, receiving 13 reclamation certificates for the year ended Dec. 31, 2020, with an additional six reclamation certificates in 2021 related to project work completed in 2020.
March 1, 2021, 12 AM MST
PrairieSky Royalty Ltd. is acquiring a large royalty portfolio, which will consolidate a significant fee mineral title position in Western Canada.
February 8, 2021, 2:43 PM MST
During September 2020 Pipestone Energy Corp. re-started its drilling program with two wells drilled and rig released from the 3-12 pad.
November 11, 2020, 8:20 AM MST
The Saskatchewan government’s October land sale generated $760,849 in revenue for the province, an average of $120.21/ha.
November 2, 2020, 6:41 AM MST
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