While Canada’s nascent LNG industry boasts many attractive qualities such as cheap and abundant feedstock, selling the sector’s environmental, social and governance (ESG) attributes is essential if it wants to attract increased foreign investment, attendees of the recent Canadian LNG conference held in London, U.K., heard.
December 5, 2019, 12 AM MST
Alberta’s Wednesday land sale brought $4.83 million into provincial coffers.
December 5, 2019, 8:57 AM MST
Paramount Resources Ltd. has closed the sale of certain natural gas weighted properties in West Central Alberta for cash consideration of approximately $55 million.
December 5, 2019, 7:22 AM MST
TGS has started its 2020 South Halfway 3D onshore seismic survey, amplifying its core position in the Inga/Fireweed area of northeast B.C.
December 4, 2019, 7:57 AM MST
Next week the Canada Energy Regulator (CER) will hear an application from NOVA Gas Transmission Ltd. (NGTL) proposing an update to its rate design and service to reflect the changing dynamics of natural gas production and demand in Western Canada.
November 28, 2019, 7:20 AM MST
The applied-for surcharge level that NOVA Gas Transmission Ltd. (NGTL) has proposed on tolls for North Montney Mainline (NMML) shippers is excessive and is a significant departure from principles of cost causation, says PETRONAS Energy Canada Ltd.
November 28, 2019, 6:54 AM MST
Leucrotta Exploration Inc. says it has been able to materially derisk a large light oil resource in the Lower Montney over a minimum of 140 net sections of land.
November 27, 2019, 9:38 AM MST
Once a vibrant LNG export industry takes hold on B.C.’s West Coast, it will bring more activity throughout the natural gas-producing fields around Grande Prairie, which will in turn drive increased demand for frac and rig crews to produce the hydrocarbons that feed those liquefaction plants.
November 25, 2019, 10:11 AM MST
Natural gas drilling activity in the Western Canadian Sedimentary Basin (WCSB) will likely be weak again this winter and gas supply is likely to continue to decline as producers keep a lid on spending.
November 19, 2019, 6:39 AM MST
Questerre Energy has reported a net profit of $1.33 million for the third quarter of 2019 compared to a loss of $2.02 million in the comparable 2018 period and a loss of $1.7 million year-to-date (2018-$1.39 million loss).
November 18, 2019, 3:08 PM MST
Commodity prices could be significantly higher in the second half of 2020 compared to now, says Josef Schachter, with WTI exceeding US$70/bbl and potentially even higher prices going into the future.
November 15, 2019, 12 AM MST
Birchcliff Energy Ltd. is currently in the process of finalizing its capital spending plans for 2020.
November 15, 2019, 7:33 AM MST
Pipestone Energy Corp. is forecast to complete the previously disclosed scope of its 2019 capital program well under its capital guidance range of $145 to $155 million.
November 14, 2019, 9:08 AM MST
Capital investment for Storm Resources Ltd. in 2020 is expected to be $75–$90 million (previous estimate was $80 million), which will be approximately equal to estimated funds flow at current strip pricing.
November 13, 2019, 8:36 AM MST
NuVista Energy Ltd. plans to spend $300-$330 million in 2020 to achieve a production guidance range of 57,000 to 61,000 boe/d, with approximately 60 per cent of wells drilled next year in the Pipestone area.
November 12, 2019, 10:44 AM MST
In the third quarter of 2019, Seven Generations Energy Ltd. brought its first Nest 3 development pad of the year onstream and condensate production was above expectations, its chief development officer said.
November 11, 2019, 7:44 AM MST
Chinook Energy Inc. has established a special committee consisting of three directors to review available strategic alternatives, the company said in its third quarter release.
November 11, 2019, 10:38 AM MST
Painted Pony Energy Ltd. closed the previously announced asset sale of a 75 per cent working interest in 11,280 gross acres (8,460 net acres) in the northeast British Columbia Montney for cash consideration of $45 million.
November 11, 2019, 12 AM MST
ARC Resources Ltd.'s board of directors has approved a $500 million capital program for 2020 that centres around capital discipline, balance sheet strength, delivering profitable projects to shareholders, and generating funds from operations to fully fund its dividend and all capital requirements.
November 8, 2019, 3:52 AM MST
ARC Resources Ltd. invested $161.9 million in the third quarter of 2019 to drill 26 wells (14 liquids-rich wells and 12 oil wells) and complete 29 wells.
November 8, 2019, 12 AM MST
Kelt Exploration Ltd. announced an initial capital expenditure budget of $235 million for 2020.
November 8, 2019, 6:39 AM MST
Kelt Exploration Ltd. has started development operations on its 162-section (103,955 acres) Montney land block at Wembley/Pipestone.
November 8, 2019, 6:52 AM MST
Delphi Energy Corp. plans to begin its winter capital program in December, assuming its proposed recapitalization transaction becomes effective.
November 8, 2019, 10:27 AM MST
Seven Generations Energy Ltd. is budgeting $1.1 billion for capital spending in 2020, down 12 per cent from its 2019 capital plan of $1.25 billion, reflecting its reduced sustaining capital requirements and continued commitment to generating free cash flow.
November 7, 2019, 10:56 AM MST
As a result of “capital efficiencies” in its 2019 capital program, Paramount Resources Ltd. has accelerated drilling operations for 10 (10.0 net) Montney wells at Karr into the fourth quarter of 2019 that were originally scheduled for 2020, while maintaining its 2019 base capital budget at $350 million.
November 7, 2019, 7:39 AM MST