U.S. natural gas operators are acting to protect balance sheets and manage cash flows as the gas price collapse that began in 2023 extends into 2024.
March 5, 2024, 7:01 AM MST
Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.
February 22, 2024, 12 AM MST
Chord Energy Corporation and Calgary-headquartered Enerplus Corporation have entered into a definitive arrangement agreement that sees the companies combine in an approximately $11 billion stock and cash transaction.
February 22, 2024, 10:50 AM MST
January 11, 2024, 4:56 AM MST
December 13, 2023, 10:10 AM MST
Enerplus Corporation’s 2023 capital spending guidance was narrowed to $520 to $540 million (from the previous range of $510 to $550 million).
November 3, 2023, 6 AM MDT
Montney natural gas producers will see higher prices along with the opportunity to meaningfully increase production as new North American LNG export capacity comes onstream the remainder of the decade, according to Jamie Heard, manager, capital markets at Tourmaline Oil Corp.
November 1, 2023, 9:51 AM MDT
Expect more deal making in North American unconventional resource plays in the near term as international oil companies (IOCs) and large cap U.S. operators look to add asset duration and drilling inventory to their portfolios, two E&P company leaders said at the CFA Society Calgary’s 23rd Annual Oil & Gas Forecast Breakfast on Tuesday morning.
October 31, 2023, 1:28 PM MDT
August 14, 2023, 8:32 AM MDT
Enerplus Corporation narrowed its capital spending guidance range for 2023 to $510 – $550 million from $500 – $550 million.
August 10, 2023, 6 AM MDT
The Mountain Valley Pipeline (MVP), which cleared a significant hurdle through the U.S. Supreme Court last week, could help AltaGas Ltd. hit its debt objectives.
July 31, 2023, 12 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
Enerplus Corporation’s North Dakota production averaged 66,656 boe/d during the first quarter of 2023, an increase of 16 per cent compared to the same period a year ago.
May 5, 2023, 12 AM MDT
February 27, 2023, 12 AM MST
Enerplus Corporation’s 2023 capital spending guidance is $500–$550 million, which is allocated approximately 95 per cent to North Dakota, 2.5 per cent to the Marcellus and 2.5 per cent to the DJ Basin.
February 24, 2023, 6:09 AM MST
February 22, 2023, 9:10 AM MST
December 21, 2022, 6:07 AM MST
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
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