Tidewater Midstream and Infrastructure Ltd. expects to announce a final investment decision in the near-term for its Pipestone Natural Gas Plant Phase 2 expansion to add 100 mmcf/day of sour gas processing to the facility.
May 13, 2022, 9:43 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 AM MDT
With Canada’s energy industry almost fully recovered from the pandemic downturn, LNG export demand should launch the next major phase of natural gas production growth, and with it will come increased liquid production that will need new markets, according to the leaders of three large infrastructure operators.
May 11, 2022, 9:32 AM MDT
Ovintiv Inc. is “actively looking” at commercial opportunities for its gas that includes LNG, says the company’s chief executive.
May 11, 2022, 9:45 AM MDT
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $225 - $235 million (up from $210 - $220 million).
May 11, 2022, 6:11 AM MDT
NuVista Energy Ltd. has elevated its capital expenditure guidance for 2022.
May 11, 2022, 12 AM MDT
Spartan Delta Corp. reported an active winter drilling program, investing $108 million in Q1 2022 into the development of its Montney and Deep Basin core assets.
May 11, 2022, 12 AM MDT
Birchcliff Energy Ltd. anticipates that it will generate adjusted funds flow of $1.18 billion and free funds flow of $920 million to $940 million in 2022 based on current strip pricing.
May 11, 2022, 2:31 PM MDT
Birchcliff Energy Ltd. reported a strong start to its 2022 capital program, with 15 wells drilled year-to-date and 16 wells completed (which includes five wells that were drilled and rig released in Q4 2021).
May 11, 2022, 2:39 PM MDT
Keyera Corp. reported realized cash flow from operating activities of $457 million in the first quarter of 2022, a 70 per cent increase compared with $268 million for the same period in 2021. The jump in cash flow was driven largely by a major increase in revenues from its marketing division.
May 10, 2022, 8:49 AM MDT
With high prices driving record free cash flow, Advantage Energy Ltd. will focus on growing liquids production while paying down debt and buying back shares for the remainder of 2022, company president and chief executive officer Mike Belenkie told shareholders at Advantage’s annual meeting on Thursday.
May 9, 2022, 9:41 AM MDT
Ovintiv Inc. has raised its full year capital investment guidance to approximately $1.7–$1.8 billion from $1.5 billion.
May 9, 2022, 3:56 PM MDT
Paramount Resources Ltd. says it has significant opportunities within its near-term identified development project inventory that could take the company to nearly 150,000 boe/d.
May 9, 2022, 7:54 AM MDT
ARC Resources Ltd.’s management group says the company’s agreement announced this week to supply natural gas for Cheniere Energy, Inc.’s Corpus Christi Stage III LNG project further enhances its already robust efforts to diversify its end markets.
May 6, 2022, 10:59 AM MDT
ARC Resources Ltd.’s May 2021 acquisition of Seven Generations Energy Ltd. continues to pay off as the company was able to push production levels, free cash flow generation and returns to shareholders higher in the first quarter.
May 6, 2022, 9:48 AM MDT
Although no new wells have been approved in B.C. since August 2021, Canadian Natural Resources Limited says its Montney operations have only been moderately impacted.
May 6, 2022, 12 AM MDT
Tourmaline Oil Corp. has bolstered its long-term associated Conroy facilities plan with additional interest in two plants.
May 6, 2022, 8:53 AM MDT
Crew Energy Inc. achieved average daily production of 33,399 boe/d during the first quarter of 2022, which is up 27 per cent from Q1 2021, thanks largely to progress achieved so far on the company’s two-year development plan.
May 6, 2022, 6:07 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Pembina Pipeline Corporation’s Peace Pipeline Phase VIII expansion has been reactivated and the Phase VII expansion is undergoing final commissioning and is expected to enter commercial service on June 1, 2022 ahead of schedule and under budget, the company said this afternoon in Q1 results.
May 5, 2022, 3:32 PM MDT
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.
May 5, 2022, 11:18 AM MDT
Production of natural gas, crude oil, condensate and natural gas liquids (NGL) all reached double-digit percentage gains for Tourmaline Oil Corp. year-over-year in the first quarter of 2022.
May 5, 2022, 1:22 PM MDT
Paramount Resources Ltd.’s sales volumes climbed in the first quarter of 2022.
May 5, 2022, 12 AM MDT
ConocoPhillips’s earnings in its Canadian segment surged in the first quarter, while production declined during the three-month period.
May 5, 2022, 6 AM MDT
Murphy Oil Corporation has decided to alter development plans for its Tupper Montney asset, which allowed it to maintain its 2022 well delivery plans by drilling longer laterals that will ultimately lead to higher well recoveries, it said this morning.
May 4, 2022, 11:10 AM MDT