Tourmaline Oil Corp. this afternoon announced a quarterly base dividend increase of 11 per cent and the declaration of a special cash dividend of $1.25/share, given the continued strong financial performance and outlook for the company.
January 17, 2022, 3:09 PM MST
Imperial Oil Limited today announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada.
January 12, 2022, 2:52 PM MST
Last year was an eventful one on the M&A front in Western Canada.
January 6, 2022, 6 AM MST
Overall, Canadian service companies experienced a strong third quarter, with expectations for continued prosperity in the months ahead.
December 10, 2021, 7:25 AM MST
After three years of volatile prices punctuated by 16 months of uncertainty due to the COVID-19 pandemic, Western Canada’s natural gas sector appears on track for a sustainable recovery, Pembina Pipeline Corporation executives told analysts at the company’s 2021 market update this week.
December 9, 2021, 2:13 PM MST
Leucrotta Exploration Inc.’s four-well Montney Phase 1 Mica test pad is fully on production and has produced an average rate of approximately 1,700 bbls of light oil per day and 10 mmcf/d of liquids-rich gas per day for a total pad production rate of 3,300 boe/d over the last 10 days.
December 9, 2021, 12 AM MST
Pembina Pipeline Corporation’s latest Peace River Pipeline expansion projects are moving towards completion, providing an outlet for increasing Montney natural gas and liquids production.
December 8, 2021, 8:13 AM MST
Crew Energy Inc.’s board approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with its established two-year plan.
December 8, 2021, 3:08 PM MST
Advantage Energy Ltd.’s 2022 capital program will be focused on growing adjusted funds flow per share by continuing to drill high rate-of-return targets in areas with existing infrastructure capacity.
December 7, 2021, 12 AM MST
TC Energy Corporation continues to build out and refine its Canadian natural gas pipelines segment in an effort to help position the Western Canadian Sedimentary Basin (WCSB) “competitively in markets across the continent,” says the executive who heads up that business.
December 2, 2021, 12 AM MST
Badger Mining Corp. (BMC) announced a new partnership with TranSand Inc.
December 2, 2021, 3:43 PM MST
The Petroleum Services Association of Canada (PSAC) recently lifted its 2021 forecast to a yearly total of 4,650 wells drilled, based on improved activity in the second half of the year.
December 1, 2021, 9:35 AM MST
Athabasca Oil Corporation has set a capital program of $128 million for 2022.
December 1, 2021, 3:54 PM MST
Cenovus Energy Inc. has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns.
November 30, 2021, 3:08 PM MST
During the third quarter of 2021, Kiwetinohk Energy Corp. began drilling two Duvernay horizontal wells from an existing pad in the Simonette area.
November 26, 2021, 8:15 AM MST
NorthRiver Midstream Inc. has applied to the Canada Energy Regulator (CER) for the NEBC Connector project.
November 22, 2021, 12 AM MST
So, what’s up in the Montney? Nearly everything, according to a new Montney activity report released by the Daily Oil Bulletin based on data from geoLOGIC system ltd.’s gDC Dashboards and Evaluate Energy.
November 16, 2021, 6 AM MST
Birchcliff Energy Ltd. is currently targeting F&D capital spending of $240 million to $260 million for 2022, which takes into account expected increases in materials, labour and services costs compared to the current year.
November 11, 2021, 12 AM MST
Storm Resources Ltd.’s capital investment is expected to be $115 to $120 million, an increase of $5 million from previous guidance in order to drill and complete an additional well at Umbach.
November 11, 2021, 5:09 AM MST
The Petroleum Services Association of Canada (PSAC) expects a total of 5,400 wells (rig releases) in Canada in 2022.
November 10, 2021, 10:54 AM MST
Canadian Natural Resources Limited is acquiring all the issued and outstanding common shares of Storm Resources Ltd. for a cash consideration of $6.28 per share.
November 10, 2021, 12 AM MST
Peyto Exploration & Development Corp. says a steady stream of drilling and completion activity throughout the third quarter in its Deep Basin core areas resulted in continuous production growth from 86,500 boe/d at the start of July to 94,000 boe/d by the end of September.
November 10, 2021, 11:19 AM MST
Pipestone Energy Corp. generated record revenue for Q3 2021 due to continued production growth, combined with improving commodity prices during the quarter, and the company is increasing its full-year capital budget.
November 10, 2021, 10:49 AM MST
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2021.
November 10, 2021, 6:30 AM MST
Kelt Exploration Ltd.’s Q3 2021 petroleum and natural gas sales were $75.8 million and adjusted funds from operations was $36.3 million compared to $48.8 million and $9.0 million, respectively, in the third quarter of 2020.
November 10, 2021, 6:43 AM MST
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