Montney

  • Alberta Land Sale Draws $1.81 Million

    Alberta’s Wednesday land sale brought $1.81 million into provincial coffers.

    August 15, 2019, 8:16 AM MDT

  • Birchcliff Boosts Capex To Drill 7 Oil & Condensate-Rich Natural Gas Wells

    Birchcliff Energy Ltd. is boosting its capital budget to $242 million, up $38 million, in order to drill another seven (7.0) wells in the Peace River area based on strong results in the first half of the year.

    August 15, 2019, 12 AM MDT

  • New Birchcliff Wells In Peace River Arch Show Promise

    Birchcliff Energy Inc. is encouraged by initial production rates in Pouce Coupe and Gordondale in the Peace River Arch. 

    August 15, 2019, 9:06 AM MDT

  • Natural Gas Producers Respond To Volatile Market By Reining In Spending

    Second-quarter earnings highlighted the challenges of the volatile AECO market as Canadian producers tightened production guidance, reduced spending or deferred projects until the second half of the year — when prices are cautiously expected to improve.

    August 14, 2019, 7:59 AM MDT

  • Decision On Tidewater’s Pipestone Gas Plant Phase 2 Expected By Mid-November

    Tidewater Midstream and Infrastructure Ltd. expects to make a final investment decision within the next 60 to 90 days on whether to proceed with the second phase of its fully-contracted Pipestone gas plant, says its chief executive.  

    August 14, 2019, 12 AM MDT

  • Lower Gas Prices Prompt Storm To Reduce 2019 Capital Spending

    Storm Resources Ltd. has reduced its 2019 capital investment to $110 million from $128 million in response to lower natural gas prices and reduced forecast funds flow due to the multiple outages experienced at Enbridge Inc.’s McMahon gas plant.

    August 14, 2019, 9:47 AM MDT

  • CES Sees Revenue Increases In U.S., Decreases In Canada, For Q2 2019

    CES Energy Solutions Corp. remains “deeply disappointed” with the federal government’s “terrible public policy” for Canada’s energy sector, says top brass, but the company also remains committed to Canada — a market still holding much potential thanks to what CES can offer LNG developments and oilsands production.

    August 13, 2019, 6 AM MDT

  • Questerre Eyeing Lower Montney Test Well At Kakwa North In 2020

    With encouraging results from a third interval in the Lower Montney offsetting its Kakwa North lands, Questerre Energy Corporation’s chief executive says the company is evaluating a test well in the interval next year.

    August 13, 2019, 8:30 AM MDT

  • Surge Says Q2 Drilling Results Exceeded Expectations

    Surge Energy Inc.’s second quarter production and adjusted funds flow came in higher than analyst estimates and the company's bank debt, net debt, operating expenses, transportation expenses and general and administrative costs all came in lower than budgeted expectations.

    August 12, 2019, 12 AM MDT

  • Pipestone Energy Reduces Capital Guidance

    Pipestone Energy Corp. says its net capital investment program continues to be on-track, on-time, and either on or under budget resulting in a reduced net capital guidance range for 2019 of $145 million to $155 million.

    August 12, 2019, 12 AM MDT

  • Canadian Gas Plants Drive SemGroup Q2 Profit

    SemGroup Corporation’s Canadian segment posted a second quarter 2019 profit of $29.67 million, up from $21.45 million in the second quarter of 2018.

    August 9, 2019, 10:32 AM MDT

  • Inga/Fireweed Drilling Boosts Kelt Q2 Production

    Kelt Exploration Ltd.’s second quarter 2019 average production was up 16 per cent to 30,314 boe/d from 26,120 boe/d in the comparable 2018 period due to ongoing new production from the company’s successful development pad drilling operations at its Inga/Fireweed core area.

    August 9, 2019, 6 AM MDT

  • Delphi Ties-in West Bigstone Four-well Pad In Q2 2019

    Delphi Energy Corp. completed and tied-in operations on its 13-34-059-24W5 four-well pad (2.6 net) in West Bigstone, which was brought on-stream in the second quarter of 2019.

    August 9, 2019, 6:40 AM MDT

  • Murphy’s Kaybob Duvernay Wells ‘Continue To Perform Well’: Jenkins

    Murphy Oil Corporation continues to be pleased with its Kaybob Duvernay play as recent wells are performing to company expectations.

    August 8, 2019, 2:27 PM MDT

  • Asset Sale Reflected In Lower Paramount Sales Volumes

    Sales volumes for natural gas weighted Paramount Resources Ltd. were down six per cent in the second quarter of 2019 to an average of 81,793 boe/d (37 per cent liquids) from 86,741 boe/d (36 per cent liquids) in the comparable 2018 quarter.

    August 8, 2019, 2:50 PM MDT

  • New Infrastructure Helps Keyera Deliver Strong Q2 Results

    All three of Keyera Corp.’s business segments generated strong results in the second quarter of 2019 as the company posted adjusted EBITDA of $249.37 million, an increase of 18 per cent over $209.91million in the comparable 2018 quarter.

    August 7, 2019, 10:18 AM MDT

  • NuVista ‘Progressing’ Its Understanding Of Lower And Middle Montney At Bilbo

    NuVista Energy Ltd. continued to advance its Montney program in the second quarter with an emphasis on gaining a better understanding of the lower and middle slices of the play.

    August 7, 2019, 10 AM MDT

  • Liquids Growth Boosts Advantage Q2 Results

    Buoyed by an increase of 142 per cent in liquids output to 2,580 bbls/d, Advantage Oil & Gas Ltd. generated adjusted funds flow of 32.77 million in the second quarter of 2019, up from $23.16 million in the comparable 2018 period.

    August 7, 2019, 12 AM MDT

  • ‘An Extremely Disappointing And Dissatisfying’ Q2 2019: Horizon North CEO

    Horizon North Logistics Inc.’s second quarter earnings fell short of expectations with project delays and deferrals affecting the company’s bottom line.

    August 6, 2019, 9:56 AM MDT

  • Crew Results Strengthened By Growth In Condensate Output

    Ultra condensate-rich (UCR) Montney development in northeast British Columbia drove a 36 per cent increase in condensate volumes for Crew Energy Inc. in the second quarter of 2019.

    August 6, 2019, 12 AM MDT

  • Tervita’s Growth Capital Focused On Montney, Duvernay Energy Services

    Tervita Corporation says its growth and expansion projects are largely focused in its Energy Services segment to grow the company’s ability to meet customer demands in the Montney and Duvernay regions of Alberta and British Columbia.

    August 2, 2019, 9:34 AM MDT

  • Matting Matters: Strad Boosts 2019 Capex As Q2 Shows Segment Opportunities

    Strad Inc. is increasing full-year 2019 capital budget to $35 million, which is up from a previously-announced $26 million, with about half deployed in the U.S., as the company continues developing its industrial matting business.

    August 2, 2019, 10:17 AM MDT

  • Athabasca’s Q2 Output Declines Year-Over-Year

    Athabasca Oil Corporation’s second quarter consolidated output decreased to 33,958 boe/d from 37,658 boe/d for the comparable period in 2018 as both the company’s light oil and thermal segments reported reduced production year-over-year.

    August 2, 2019, 12 AM MDT

  • Tourmaline Lowers Capex Outlook

    Tourmaline Oil Corp.’s full year exploration and production (E&P) capital budget has been reduced by a further $25 million to $1.125 billion.

    August 1, 2019, 12 AM MDT

  • Seven Generations Continues Push To Optimize Costs

    Total drilling and completion costs averaging $10 million per well in the second quarter of 2019 were unchanged from last year even though wells were nine per cent deeper, the Seven Generations Energy Ltd.’s chief operating officer said Wednesday.

    August 1, 2019, 12 AM MDT