• Advantage Energy Outlines 2024 Budget

    Advantage Energy Ltd. has outlined capital plans of between $260 million and $290 million for 2024.

    December 1, 2023, 12 AM MST

  • Spartan Delta Picks Up West Shale Basin Duvernay Land

    Spartan Delta Corp. completed a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million.

    November 29, 2023, 5:18 AM MST

  • Canadian Spirit In Strategic Alternatives

    Canadian Spirit Resources Inc. has initiated a process to review strategic alternatives with a view to maximizing the value of the company’s Montney resource base at Farrell Creek and Altares.

    November 29, 2023, 9:55 AM MST

  • Logan Energy Lays Out 2024 Spending Plans

    Logan Energy Corp. has set a 2024 initial capital budget of $120 million. The budget is designed to deliver growth in Simonette, maintain production in Pouce Coupe and advance long term growth projects like Flatrock.

    November 23, 2023, 12 AM MST

  • Logan Energy Expansion: Company Has Added Acreage Since Operations Start-Up

    Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.

    November 23, 2023, 6:59 AM MST

  • CEO Interview: Surge Staying Loyal To Its Sparky Oil Play

    While the industry spotlight has focused on the Montney play with major acquisition deals in recent days, the head of a Calgary intermediate says he’s happy to stick with his company’s Sparky light/medium-oil play in east-central Alberta. 

    November 22, 2023, 6 AM MST

  • Teine CEO On M&A: Companies Bolstering Inventories

    The current uptick in merger and acquisition activity in the energy space can be linked to an interest in building inventories for the coming decades.

    November 22, 2023, 12 AM MST

  • Coelacanth Continues Two Rivers Development

    In Q3 2023, Coelacanth Energy Inc. continued with development of its Two Rivers project.

    November 20, 2023, 12 AM MST

  • Trican CEO ‘Very Bullish’ On Canada; Montney, Duvernay To Drive Pressure Pumping Demand

    The president and chief executive officer of Trican Well Service Ltd. is optimistic about the business opportunities for the company in Canada.

    November 16, 2023, 6:53 AM MST

  • Pipestone Sale Part Of Tidewater Midstream Strategy To Focus On Core Assets

    Tidewater Midstream and Infrastructure Ltd.’s Q3 sale of the Pipestone Natural Gas Processing facility and the Dimsdale natural gas storage facility assets to AltaGas Ltd. is part of a strategy to get its “core assets performing as they should and to service new creative opportunities.”

    November 15, 2023, 6:06 AM MST

  • Year Over Year Production Jump Drives Third Quarter Results For Strathcona Resources

    Strathcona Resources Ltd. reported a year-over-year production increase of 23 per cent in the third quarter, resulting in steady financial performance, the company reported in its first quarter as a public company after its transaction with Pipestone Energy Corp. that closed in early October.

    November 14, 2023, 6:53 AM MST

  • Strathcona To Focus On Growing Legacy Assets In 2024

    Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.

    November 14, 2023, 7:01 AM MST

  • Trican Sees Pricing Pressure, Activity Decline In Q3

    The total job count for Trican Well Service Ltd. in the third quarter of 2023 eased compared to levels it logged one year earlier.

    November 14, 2023, 6:44 AM MST

  • Birchcliff Starts Planning For Natgas Processing Plant At Elmworth

    As previously disclosed, Birchcliff Energy Ltd. has amassed a significant Montney land position in the Elmworth area of Alberta, which positions the company to continue to drive long-term shareholder value and provides it with a large potential future development area that can supply clean natural gas for many years to come.

    November 14, 2023, 3:13 PM MST

  • Ovintiv To Focus On Montney Oil Window In 2024

    With lower natural gas prices persisting across North America, Ovintiv Inc. plans on focusing all its drilling efforts in condensate-rich areas of the Montney in 2024, company president and chief executive officer Brendan McCracken told analysts at the company’s third quarter 2023 conference call. 

    November 9, 2023, 8:06 AM MST

  • Crew Boosts 2023 Capex To Keep Running High-Spec Triple

    Crew Energy Inc. has increased its capital spending outlook for 2023.

    November 9, 2023, 12 AM MST

  • Crew’s Application For Groundbirch Gas Plant Approved

    Crew Energy Inc. received a permit from the British Columbia Energy Regulator (BCER) approving the construction of its planned 180 mmcf per day Groundbirch gas plant as well as 60 well authorization permits, bringing its total to 85 well authorizations in the Groundbirch area.

    November 9, 2023, 12 AM MST

  • Bonterra Drills, Completes First Montney Well

    Bonterra Energy Corp.’s first Montney test well was successfully drilled in the third quarter of 2023 to a total measured depth of approximately 5,500 metres, including the horizontal leg of 3,200 metres, and was drilled under budget.

    November 9, 2023, 12 AM MST

  • Bonterra Boosts Q3 Output

    Capital expenditures for Bonterra Energy Corp. in the quarter totaled $36.1 million, of which $27.5 million was directed to the drilling of 12 gross (11.8 net) operated wells while 13 gross (13.0 net) operated wells were completed, equipped, and tied-in.

    November 9, 2023, 12 AM MST

  • Kelt Outlines ‘Initial’ 2024 Budget

    Kelt Exploration Ltd. outlined an initial capital expenditure budget of $350.0 million for 2024.

    November 9, 2023, 6:13 AM MST

  • Conroy Asset Deal: Expanding B.C. Montney Acreage Supports Advantage’s LNG Opportunities

    Advantage Energy Ltd. is expanding its liquids-rich Montney acreage in British Columbia, providing geographic diversification and exposure to Canada’s growing LNG industry via a recent low-cost asset deal, says president and CEO Michael Belenkie, noting the value of these Conroy assets is not contingent on LNG.

    November 8, 2023, 12 AM MST

  • NuVista Outlines 2024 Spending Plan

    NuVista Energy Ltd. has outlined its 2024 spending plan and adjusted its capital spending for 2023.

    November 8, 2023, 6:23 AM MST

  • NuVista Reports Record Quarterly Production

    NuVista Energy Ltd. reported a quarterly production record of just over 80,000 boe/d with peak-day rates of approximately 85,000 boe/d.

    November 8, 2023, 6:39 AM MST

  • Spartan Delta Focused On Deep Basin

    Spartan Delta Corp. successfully executed a $27.5 million capital program in the third quarter of 2023, with specific focus placed on continued development across multiple horizons in the Deep Basin.

    November 8, 2023, 6:51 AM MST

  • Production Up At Ovintiv After Finalizing Permian Assets Takeover

    Ovintiv Inc. reported third quarter 2023 production of approximately 572,000 boe/d, up from 516,000 boe/d in the same quarter of 2022, after closing its US$4.4 billion acquisition in the Permian Basin in June.

    November 8, 2023, 8:39 AM MST

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