Western Canada’s oil and gas sector is back on solid footing as higher prices have allowed operators to repair balance sheets and invest in new production, a panel of industry leaders told the audience at the at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.
November 24, 2022, 10:18 AM MST
Calfrac Well Services Ltd. could add additional fracturing spreads in North America in 2023 if strong market conditions continue, chief executive officer Pat Powell told analysts at the company’s third quarter conference call.
November 2, 2022, 1:49 PM MDT
September 7, 2022, 1:29 PM MDT
September 6, 2022, 10:16 AM MDT
Enerplus Corporation is increasing its production guidance to 97,500 to 101,500 boe/d, from the prior guidance of 96,000 to 101,000.
August 5, 2022, 12 AM MDT
August 3, 2022, 12 AM MDT
Minister of Natural Resources Jonathan Wilkinson recently stated during a press conference that Europe intends to be in a position where it can fully displace Russian gas with other sources within half a decade.
July 20, 2022, 6:17 AM MDT
Cathedral Energy Services Ltd. is continuing its run of acquisitions, announcing this morning that it has entered into an agreement to acquire the directional drilling services business of Altitude Energy Partners, LLC, a portfolio company of Black Bay Energy Capital, LLC, for a purchase price of approximately US$100 million payable in a combination of cash and common shares of Cathedral.
July 4, 2022, 4:53 AM MDT
June 14, 2022, 12 AM MDT
Enerplus Corporation lifted its capital spending outlook for the year.
May 6, 2022, 4:42 AM MDT
In terms of Precision Drilling Corporation’s U.S. basin mix for 2022 rig additions, those would probably be more focused towards oil targets and the Permian, says Kevin Neveu, president and chief executive officer.
May 3, 2022, 12 AM MDT
Given the sustained surge in crude oil and natural gas prices as demand continues to recover from the pandemic pinch, and as geopolitical events continue to evolve, two industry analysts have updated their respective price outlooks upwards.
March 25, 2022, 8:36 AM MDT
Enerplus Corporation described 2021 as a “transformational year” for the company, where it completed two acquisitions.
February 28, 2022, 12 AM MST
January 25, 2022, 8:58 AM MST
January 20, 2022, 12 AM MST
January 5, 2022, 12 AM MST
Enerplus Corporation’s expected 2022 capital spending is $500 million, representing a reinvestment rate of 44 per cent based on current forward strip commodity prices.
November 5, 2021, 12 AM MDT
Enerplus Corporation reported net income of $112 million in the third quarter, reversing from a loss of $112.75 million the previous year.
November 5, 2021, 12 AM MDT
October 7, 2021, 11:19 AM MDT
October 6, 2021, 12 AM MDT
September 28, 2021, 12 AM MDT
August 11, 2021, 12 AM MDT
August 11, 2021, 9:56 AM MDT
Enerplus Corporation announced a 15 per cent increase in its quarterly cash dividend.
August 6, 2021, 7:01 AM MDT
August 5, 2021, 12 AM MDT