Montney

  • Precision Expects North American Activity, Prices To Trend Higher; ‘Bullish On Canada’

    Precision Drilling Corporation’s outlook for its North American operations is increasingly bullish and the company’s top executive expects both activity and pricing to trend higher for the rest of this year and into 2022.

    October 22, 2021, 6 AM MDT

  • Making The Steel Grade: Tenaris Introduces Canada-Produced Design, Fit For The Montney

    Tenaris SA has tailor engineered, in Canada, a new proprietary seamless steel grade — TN 80EY — that is ideal for Montney conditions, says a company representative.

    October 8, 2021, 12 AM MDT

  • Blueberry River Negotiations Continue To Play Out In Northeast B.C.

    As the complex negotiations between the Blueberry River First Nations, other Treaty 8 nations, and the British Columbia provincial government continue to play out, industry in the region — which includes virtually all players in the Montney — continue to await resolution in the hope of determining the go-forward playing field.

    September 29, 2021, 6 AM MDT

  • Tourmaline Hikes 2021 EP Capital Spending Program

    Tourmaline Oil Corp.’s 2021 EP capital program has been increased to $1.375 billion with the 2H 2021 increase focused on liquids business/production increases and related liquids margin improvements, and the modest acceleration of drilling activities. 

    September 22, 2021, 4:13 PM MDT

  • Kiwetinohk/Distinction Energy Complete Combination

    Kiwetinohk Energy Corp. is the new name for the combined Kiwetinohk Resources Corp. and Distinction Energy Corp.

    September 22, 2021, 3:44 PM MDT

  • No New Wells Approved Last Month In B.C.; Province And BRFN Continue To Work On Interim Decision-Making Plan

    No new wells were approved in British Columbia in August, as the province continues to work with the Blueberry River First Nations (BRFN) on a way to improve and modernize provincial processes that recognize and respect their treaty rights.

    September 15, 2021, 9:56 AM MDT

  • Cardium Activity Continues At A Modest Pace Compared To Other Plays, But Still Has Lots To Give

    Although activity in the Cardium play in central Alberta is showing signs of rebounding slightly from a slowdown in recent years, it faces some challenges when compared to other plays in the Western Canadian Sedimentary Basin such as the Montney, Clearwater and Charlie Lake, says Patrick O’Rourke, an analyst with AltaCorp Capital Inc.

    September 13, 2021, 6:36 AM MDT

  • Rubellite Fills Out Board Of Directors

    Rubellite Energy Inc.’s board of directors has been fully constituted and is comprised of a majority of independent directors, each of whom is unique from Perpetual Energy Inc.'s board, establishing a strong and diverse governance model and clear shareholder and management alignment, said the company.

    September 7, 2021, 6:33 AM MDT

  • Leucrotta Completes, Tests Basal Montney Well

    In Q2 2021, Leucrotta Exploration Inc. successfully completed and tested its first Basal Montney well at Mica.

    August 26, 2021, 8:15 AM MDT

  • OFS Keeps An Eye On M&A Opportunities; Some Firms Boosting Capex For Back Half Of 2021

    Oilfield service companies keep seeking out mergers and acquisitions that will prove successful, as highlighted in recent second quarter results and conference calls.

    August 24, 2021, 5:08 AM MDT

  • Peyto’s Q2 Drilling Program Less Active Than Expected But Production ‘Held Up Pretty Well’

    Peyto Exploration & Development Corp.’s second quarter production “held up pretty well” despite the seasonal impacts of spring breakup and the loss of two rigs during the period due to maintenance and upgrades that took longer than anticipated to complete, says president and CEO Darren Gee.

    August 12, 2021, 11:14 AM MDT

  • Storm Boosts Capital Plan

    Storm Resources Ltd. is increasing its 2021 capital plan to a range of $110 to $115 million from $85 to $90 million.

    August 12, 2021, 5:11 AM MDT

  • Storm Production Up In Q2

    Storm Resources Ltd. reported Q2 production of 26,862 boe/d, which is a 12 per cent increase year over year and a four per cent increase from the previous quarter.

    August 12, 2021, 5:23 AM MDT

  • Acquisitions, Drilling Program, Drive Spartan Delta Q2 Production Increase

    Spartan Delta Corp.’s production averaged 39,638 boe/d during the second quarter of 2021, up 24 per cent from 31,914 in the first quarter of 2021.

    August 12, 2021, 6:33 AM MDT

  • Record Output For Pipestone Energy

    Pipestone Energy Corp. reported record average quarterly production of 23,336 boe/d (31 per cent condensate, 46 per cent total liquids), an eight per cent quarterly increase over Q1 2021 and a 39 per cent increase over Q2 2020.

    August 11, 2021, 7:30 AM MDT

  • Birchcliff Expects Debt To Decline As Free Funds Flow Rises

    Birchcliff Energy Ltd. expects to reduce debt as its free funds flow climbs—the company says it remains committed to “capital discipline.”

    August 11, 2021, 2:30 PM MDT

  • Pipestone Expansion Likely For Tidewater; Company Sees Higher Revenue For Q2 2021

    It is more likely than not that Tidewater Midstream and Infrastructure Ltd. will be expanding its Pipestone Gas Plant, based on recent throughput at the facility, says Joel MacLeod, chief executive officer.

    August 9, 2021, 10:02 AM MDT

  • Pembina Pipeline Boosts 2021 EBITDA Guidance; Company Increases Revenue For Q2

    Pembina Pipeline Corporation has updated its full-year EBITDA guidance for 2021 to between $3.3 billion and $3.4 billion, raising the low-end, based on year-to-date results and the outlook for the remainder of the year.

    August 6, 2021, 10:14 AM MDT

  • Ensign’s Revenues Up 9%, Canadian Operations Benefitting From Montney Activity

    Ensign Energy Services Inc. generated second quarter revenue of $212.3 million, a nine per cent increase from revenue of $194.8 million during the comparable period last year.

    August 6, 2021, 1:29 PM MDT

  • Canadian Natural Boosts Spending By $275 Million

    With the positive outlook for commodity prices for the remainder of 2021, Canadian Natural Resources Limited has increased its 2021 capital budget by $275 million to $3.48 billion as the company undertakes lead activities for future growth opportunities.

    August 5, 2021, 11:28 AM MDT

  • CNRL Reports Strong Q2 Free Cash Flow, Earnings And Operational Results

    During a period which included the execution of a planned turnaround at the company’s oilsands mining and upgrading operations, Canadian Natural Resources Limited delivered strong operational and financial results in the second quarter, achieving production volumes of approximately 1,141,739 boe/d, a decrease of two per cent year-over-year.

    August 5, 2021, 10:43 AM MDT

  • Crew Boosts Spending Guidance

    Crew Energy Inc. has increased its capital spending plan to $150 to $170 million from $120 to $145 million.

    August 5, 2021, 5:12 AM MDT

  • Kelt Lifts Spending Plan

    Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2021.

    August 5, 2021, 5:20 AM MDT

  • KAPS Construction Officially Underway, Keyera Says

    Keyera Corp. says construction on the KAPS pipeline project is now underway with the majority of line pipe continuing to be milled in Alberta.

    August 5, 2021, 10:28 AM MDT

  • Crew Funds Flow Surges In Q2

    Crew Energy Inc.’s funds flow surged in Q2 to $25.5 million, a 451 per cent increase over Q2 20, with year-over-year growth being bolstered by higher production, lower cash costs and a significantly improved commodity price environment.  

    August 5, 2021, 6:28 AM MDT

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