Birchcliff Energy Ltd. outlined a F&D capital budget of $210 million to $230 million for 2021, which targets an annual average production rate of 78,000 to 80,000 boe/d.
January 20, 2021, 2:43 PM MST
January 15, 2021, 8:31 AM MST
Alberta’s first land sale of 2021 held on Wednesday brought $5.28 million into government coffers.
January 14, 2021, 7:20 AM MST
Spartan Delta Corp. firmed up its capital spending guidance for 2021 to $43 million from a previous range of $40 million-$43 million.
January 6, 2021, 6:09 AM MST
Determining a 2021 price outlook for Canada’s prime natural gas benchmark of AECO might well be summed up by paraphrasing Shakespeare’s Hamlet: “To TSP or not to TSP? That is the question.”
January 5, 2021, 12 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
On its financial health index, Wood Mackenzie Ltd. finds that Canadian large-cap energy firms are financially quite strong, in general, when compared to their large-cap counterparts in the United States.
December 11, 2020, 10:13 AM MST
Crew Energy Inc. plans to invest between $120 to $145 million in 2021.
December 10, 2020, 9:12 AM MST
Athabasca Oil Corporation is planning expenditures of $75 million for 2021 focused on sustaining projects at Leismer along with routine maintenance activities at all properties.
December 3, 2020, 3:59 AM MST
Imperial Oil Limited is selectively investing in its flagship Cold Lake in situ asset to maintain strong cash flow generation and reduce greenhouse gas intensity over the long-term, a senior executive said Thursday.
November 20, 2020, 6 AM MST
After a seven-month hiatus due to COVID-19, the Alberta land sale schedule resumed on Wednesday, with the government attracting small returns with $2.09 million in bonus bids.
November 19, 2020, 7:01 AM MST
Forecast WCSB supply growth of up to eight bcf/d by 2030 to 23 bcf/d will provide an opportunity for TC Energy Corporation to extend its system to capture Montney region volumes, a senior executive said Tuesday.
November 18, 2020, 6:20 AM MST
The results from Birchcliff Energy Ltd.’s 14-well pad demonstrate the extension of the Gordondale light oil pool into the northeastern area of Pouce Coupe, which provides the company with significantly more potential condensate/light oil drilling opportunities.
November 12, 2020, 3:48 PM MST
Although Birchcliff Energy Ltd. has not yet finalized its 2021 capital spending plans, it is currently targeting F&D capital spending of $200 million to $220 million and an annual average production rate of 78,000 to 80,000 boe/d.
November 12, 2020, 3:36 PM MST
Tamarack Valley Energy Ltd. is accelerating $9.4 million of capital from its Q1 2021 program into Q4 2020 to take advantage of stronger winter gas pricing and lower service costs.
November 11, 2020, 5:45 AM MST
Third quarter activity for Tamarack Valley Energy Ltd. included investment of $10.4 million in exploration and development capital expenditures, directed to the equipping of one (1.0 net) Banff oil well plus continued investment in its Veteran Viking waterflood program with the drilling, completion and tie-in of a six-well pad along with one water source well.
November 11, 2020, 6:37 AM MST
During September 2020 Pipestone Energy Corp. re-started its drilling program with two wells drilled and rig released from the 3-12 pad.
November 11, 2020, 8:20 AM MST
Kelt Exploration Ltd. has approved a capital expenditure budget of $90 million for 2021.
November 10, 2020, 7:25 AM MST
Crew Energy Inc. production for the first nine months of this year exceeded the guidance, due to gathering-system improvements in the firm’s ultra-condensate rich (UCR) area and better-than-expected well performance from both the 3-32 pad and from two new Lloydminster heavy-oil wells drilled during the first quarter.
November 10, 2020, 12 AM MST
Seven Generations Energy Ltd. has set a 2021 capital budget of $650 million capital budget, unchanged from this year.
November 9, 2020, 11:40 AM MST
Pembina Pipeline Corporation generally benefits from upstream consolidations such as Tourmaline Oil Corp.’s recent-announced acquisition of Jupiter Resources Ltd. and Modern Resources Inc., says Pembina’s top brass.
November 6, 2020, 10:38 AM MST
ARC Resources Ltd. has approved a capital budget for 2021 that will range from $375 million to $425 million and focus on maximizing the generation of surplus funds from operations.
November 6, 2020, 5:41 AM MST
Cardinal Energy Ltd.’s Q3 2020 capital program included one Southern Alberta land-earning well completion, CO2 injection expenditures required for the enhanced oil recovery (EOR) project at Midale, Sask., as well as miscellaneous expenditures on recompletions and facility and pipeline integrity projects throughout the firm’s operations.
November 6, 2020, 6 AM MST
Given Tourmaline Oil Corp.’s Deep Basin acquisitions on Wednesday, that complex will see more net capital investment, but the Montney will remain the main target for growth.
November 5, 2020, 10:27 AM MST
Despite the effects of COVID-19-related market disruption and mandatory production curtailments Canadian Natural Resources Limited achieved quarterly production volumes of 1.111 million boe/d in Q3, up from 1.176 boe/d a year earlier.
November 5, 2020, 10:46 AM MST