Rig activity was up in July compared to the anemic spring. While there continues to be a chasm between drilling levels in 2020 and the previous two years, there are a few bright spots of activity in the basin.
July 31, 2020, 9:08 AM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
Seven Generations Energy Ltd. is forecasting lower sustaining capital requirements going forward, predominately driven by enduring cost savings that are now part of its business model.
July 29, 2020, 11:10 AM MDT
Ovintiv Inc. recorded a second quarter net loss of $4.4 billion versus a profit of $336 million a year earlier as non-cash charges resulting from dramatically weak prices hammered the company’s bottom line.
July 29, 2020, 10:44 AM MDT
Tourmaline Oil Corp., as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and northeast B.C.
July 29, 2020, 3:18 PM MDT
After the slowest second quarter on record, the start of the summer has seen only a muted uptick in Canadian industry activity, although more rigs are expected online in the coming days, says the chief executive officer of Precision Drilling Corporation.
July 24, 2020, 10:28 AM MDT
British Columbia is carrying out “its most ambitious plan to date” when it comes to orphan well management, as the province aims to abandon approximately 100 wells with support from northeastern B.C. service providers.
July 23, 2020, 7:05 AM MDT
July 22, 2020, 3:34 PM MDT
The three-dimensional, multi-layer ‘cube’ approach to increasing the number of horizontal wells from single pads is a form of development garnering increasing interest and investment in the Montney, several producers told the recent TD Energy Inc. virtual energy conference.
July 22, 2020, 6 AM MDT
Just imagine: There is a metal alloy consisting of magnesium and aluminium, combined and compressed with some other chemicals to form a solid substance, which conveniently dissolves once its downhole completions work is done.
July 22, 2020, 8:55 AM MDT
You’d think Source Energy Services Ltd., Canada’s largest frac sand provider, would have enough of a logistics challenge transporting its northern white sand about 2,100 kilometres by rail from the three mines it owns in Wisconsin.
July 22, 2020, 9:39 AM MDT
Could crude-by-rail make a comeback if pipeline capacity does not increase? While wider differentials could stimulate rail economics, Thomas Liles, senior analyst with Rystad Energy AS, says that for the time being it is difficult to envision rail transport of crude making a comeback, given current market conditions.
July 21, 2020, 8:11 AM MDT
Western Canadian energy production likely will not return to pre-COVID-19 levels until 2021, due to such factors as drastically-reduced drilling and completion activity this year, capital spending cuts on the shale side and sustainable capital cuts on the oilsands side, says Thomas Liles, senior analyst at Rystad Energy AS.
July 17, 2020, 9:16 AM MDT
Survival remains key for both oilfield services and producers in the short-term, says Kevin Neveu, president and CEO of Precision Drilling Corporation.
July 7, 2020, 8:38 AM MDT
Topaz Energy Corp. has completed a strategic infrastructure acquisition whereby it acquired, for cash consideration of $100 million, a 12.5 per cent working interest in Advantage Oil & Gas Ltd.'s Glacier gas plant, which has raw gas processing capacity of 400 mmcf/d and services the Montney.
July 2, 2020, 11:09 AM MDT
Keep it local. That is a key consideration Reeve Leanne Beaupre from the County of Grande Prairie hopes government takes into account as it divvies out spending for the province’s Site Rehabilitation Program.
June 24, 2020, 9:33 AM MDT
Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited.
June 23, 2020, 12 AM MDT
Pipestone Energy Corp. is maintaining its credit capacity of $225 million.
June 12, 2020, 7:27 AM MDT
Global natural gas production continued to climb at a rapid pace, up by three per cent in 2019, surpassing the four tcm mark for the first time in history, the International Energy Agency (IEA) reported.
June 10, 2020, 5:11 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
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
Highwood Oil Company Ltd. says it continues to work through the impact of the Alberta Energy Regulator’s (AER) decision to reject license transfers associated with the Red Earth divestiture.
June 2, 2020, 8:27 AM MDT
Although Birchcliff Energy Ltd. slashed its 2020 capital budget by 19 per cent in March, the natural gas-weighted producer has no plans to enact further cuts as it looks to set itself up to take advantage of better industry conditions it believes will transpire later this year and into 2021.
May 27, 2020, 12 AM MDT
While the challenges facing Canada’s energy sector are vast and currently unrelenting as industry continues to navigate through the fallout from the COVID-19 crisis, western Canadian natural gas-weighted companies are faring better — in relative terms — than their crude producing brethren.
May 25, 2020, 6:11 AM MDT
Bonterra Energy Corp. expects its 2020 capital program to remain suspended until commodity prices improve.
May 15, 2020, 10:14 AM MDT