Spartan Delta Corp. doubled production in the 19 months it operated the Montney assets sold to Crescent Point Energy Corp. in the $1.7 billion deal announced yesterday.
March 29, 2023, 11:06 AM MDT
Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
Crescent Point Energy Corp. has entered into an agreement with Spartan Delta Corp. to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.
March 28, 2023, 5:08 AM MDT
Crescent Point Energy Corp.’s $1.7 billion purchase price for the acquisition of Spartan Delta Corp.’s Montney assets will be paid in cash, which is expected to be funded through the company's existing credit facilities.
March 28, 2023, 5:28 AM MDT
Spartan Delta Corp. this morning announced a deal with Crescent Point Energy Corp. in which it is selling its Gold Creek and Karr Montney assets for cash consideration of $1.7 billion.
March 28, 2023, 5:41 AM MDT
In the March 22 land sale, the province sold 31,360 hectares of P&NG leases and licences bringing in $40.31 million. In addition, 1,280 hectares of oilsands leases sold for $0.27 million.
March 27, 2023, 8:59 AM MDT
While the current and persistent weakness in North American natural gas prices continues, top executives in both the western Canadian exploration and production (E&P) and service sector spaces remain confident on the outlook for the commodity.
March 27, 2023, 6 AM MDT
Staffing is an ongoing issue in the Canadian pressure pumping segment, where companies need workers with commercial driver’s licences and are therefore competing with other industries where those drivers could find work, says Waqar Syed, managing director, energy technology and services, head of research, ATB Capital Markets.
March 24, 2023, 6 AM MDT
The “big prize” for Canadian pressure pumping activity is the Montney, says Steve Glanville, president and chief executive officer, STEP Energy Services Ltd., and with the agreement between the B.C. government and Blueberry River First Nations (BRFN) hopefully resolved, and permits being issued, the jobs could become more plentiful soon.
March 23, 2023, 12 AM MDT
Crew Energy Inc. announced the issuance of a notice of redemption for $172 million principal amount of 6.5 per cent senior unsecured notes due March 2024, which represent all the company's remaining notes outstanding.
March 23, 2023, 8:06 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
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
Kiwetinohk Energy Corp. posted record quarterly production in the three-month period ending Dec. 31, 2022, topping the same time a year earlier by 99 per cent.
March 9, 2023, 6 AM MST
Vermilion Energy Inc. posted a production average through its North American operations of 58,499 boe/d during the fourth quarter of 2022. This represents a two per cent rise from the previous quarter.
March 9, 2023, 3:49 PM MST
Vermilion Energy Inc. signed an agreement subsequent to year-end to sell certain assets in southeast Saskatchewan.
March 9, 2023, 3:19 PM MST
Crew Energy Inc.’s 2023 net capital expenditures have been lowered to $190 to $210 million, from the original budget of $230 to $250 million.
March 9, 2023, 12 AM MST
In Q4 2022, Pipestone Energy Corp. achieved record average quarterly production totaling 33,816 boe/d (30 per cent condensate and crude oil, 42 per cent total liquids), representing a five per cent quarterly increase over Q3 2022, and a 18 per cent increase over Q4 2021.
March 9, 2023, 12 AM MST
NuVista Energy Ltd. reported the highest ever annual average production rate of 68,690 boe/d, a 31 per cent increase from 2021 and at the top end of our guidance range of 68,000 – 69,000 boe/d.
March 8, 2023, 6:38 AM MST
NuVista Energy Ltd.’s operations in the field continue to progress successfully as planned.
March 8, 2023, 7:30 AM MST
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
Paramount Resources Ltd. is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.
March 7, 2023, 11:01 AM MST
There has been a resurgence of activity targeting development in the Montney oil window.
March 6, 2023, 8:34 AM MST
Kelt Exploration Ltd.’s average production in Q4 was 28,036 boe/d, up nine per cent compared to average production of 25,815 boe during the fourth quarter of 2021.
March 3, 2023, 7:29 AM MST
Spartan Delta Corp. has started formal process to evaluate strategic positioning alternatives in an effort to enhance shareholder value.
March 3, 2023, 9:02 AM MST
Largely driven by its “strategic investment in our robust natural gas assets,” Canadian Natural Resources Limited achieved record annual production of 1.28 million boe/d in 2022, an increase of four per cent from 2021 levels, says company president Tim McKay.
March 2, 2023, 10:37 AM MST
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