While pricing for its services generally lags increasing demand during recovery cycles, Precision Drilling Corporation’s top executive sees many indicators that the fundamentals for land drilling are “well into a rebound.”
April 22, 2021, 2:47 PM MDT
Imperial Helium Corp. top brass says helium as a contingent resource, recoverable from a significant number of oil and gas wells throughout Western Canada, could provide huge opportunities for Alberta and the country.
April 21, 2021, 6:19 AM MDT
First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.
April 19, 2021, 2:34 PM MDT
Spartan Delta Corp.'s first quarter average production was 31,500 boe/d, based on field estimates.
April 15, 2021, 7:33 AM MDT
LNG Canada should bring significant, long-term positive benefits to the oil and gas industry, including the obvious egress solution for western Canadian natural gas producers, says James Harbilas, executive vice-president and chief financial officer, AltaGas Ltd.
April 14, 2021, 12 AM MDT
Tamarack Valley Energy Ltd. will look for further opportunities to consolidate Charlie Lake assets, following the acquisition of Anegada Oil Corp. that was announced this morning.
April 12, 2021, 10:28 AM MDT
Conventional oil operators are laser focused on returns on capital employed and increasing free cash flow as the COVID-19 pandemic recedes and commodity prices stabilize, three sector leaders told the Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium this week.
April 8, 2021, 9:19 AM MDT
Although commodity prices began improving in the latter half of 2020 and continued to hold relatively steady so far this year, the growth-versus-debt reduction plans of three western Canadian intermediate producers have not been altered, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 7, 2021, 4:19 PM MDT
Egress remains a concern for western Canadian oil and gas producers, says Tim McKay, president, Canadian Natural Resources Limited, but there is also reason to be “cautiously optimistic” for future pipeline capacity.
April 6, 2021, 2:47 PM MDT
ARC Resources Ltd. has closed its strategic Montney combination with Seven Generations Energy Ltd.
April 6, 2021, 7:15 AM MDT
Whitecap Resources Inc. announced an agreement this morning to indirectly acquire Kicking Horse Oil & Gas Ltd., a privately held indirect subsidiary of Quantum Energy Partners, for aggregate consideration of $300 million.
April 5, 2021, 5:28 AM MDT
Whitecap Resources Inc.’s acquisition of Kicking Horse Oil & Gas Ltd. announced this morning more resembles a land deal than a corporate acquisition, executives said this morning.
April 5, 2021, 10:57 AM MDT
Advantage Oil & Gas Ltd. completed two complementary asset acquisitions consisting of 12.4 net sections of highly prospective Doig/Montney rights contiguous to its existing land base.
April 5, 2021, 6:39 AM MDT
Leucrotta Exploration Inc. has closed the sale of 10.25 sections of non-strategic Montney lands, comprising five per cent of its Montney land base, for aggregate consideration of $30 million.
April 1, 2021, 2:48 PM MDT
The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.
March 29, 2021, 5:57 AM MDT
The Alberta government attracted $1.48 million in bids at its Wednesday land sale.
March 25, 2021, 9:58 AM MDT
Source Energy Services Ltd.’s activity levels recovered in the latter half of 2020 and have continued to gain momentum into the first quarter of 2021, supported by the strength of commodity prices.
March 19, 2021, 6:15 AM MDT
Leucrotta Exploration Inc. is selling land in the Montney, announced a financing, and outlined plans for Phase 1 of its Mica pad development.
March 16, 2021, 12 AM MDT
Tourmaline Oil Corp. continues to actively progress and enhance its various sustainability and environmental initiatives and they will only continue to increase going forward, says president and CEO Mike Rose.
March 12, 2021, 12 AM MST
Crew Energy Inc. says it is the first Canadian energy producer to receive regulatory approval from the BC Oil and Gas Commission (OGC) for the installation and operation of a next-generation, spoolable surface pipeline for produced water transfer.
March 12, 2021, 12 AM MST
Tidewater Midstream and Infrastructure Ltd.’s focus over the next 12 months is to employ the related cash flow generated from its 2019 large, completed capital projects and Prince George Refinery (PGR), as well as proceeds from the Pioneer transaction, towards deleveraging.
March 12, 2021, 12 AM MST
Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
March 12, 2021, 5:54 AM MST
Alberta’s Wednesday land sale brought $5.63 million into government coffers.
March 11, 2021, 6 AM MST
In anticipation of rising steel prices, and given the upcoming completion programs both at Oak and at Wembley, Kelt Exploration Ltd. has pre-purchased casing and line pipe to mitigate higher capital costs.
March 11, 2021, 7:27 AM MST
Kelt Exploration Ltd.’s fourth quarter output declined to 16,476 boe/d from 31,262 boe during the fourth quarter of 2019.
March 11, 2021, 7:45 AM MST
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