Montney

  • ConocoPhillips Canadian Production Up For Q2

    ConocoPhillips’s Canadian unit reversed a net loss from last year in the second quarter, and reported higher production during the three-month period.

    August 3, 2021, 8:40 AM MDT

  • Topaz Energy On The Hunt For More Acquisitions

    Flush with free cash flow, Topaz Energy Corp. is on the hunt to build out its ever-expanding royalty and infrastructure business.

    July 30, 2021, 10:44 AM MDT

  • ARC Expects 2H Production Of Approximately 340,000 Boe/d

    ARC Resources Ltd. expects production in the second half of 2021 to average 335,000–350,000 boe/d (the company says it will be “approximately” 340,000 boe/d), with a revised forecast for full-year average production of 287,000–302,000 boe/d.

    July 30, 2021, 9:16 AM MDT

  • Advantage’s Andy Mah Plans Year-End Retirement From CEO Role

    Andy Mah has confirmed his plan to retire from the role of chief executive officer of Advantage Energy Ltd., effective Dec. 31, 2021.

    July 30, 2021, 12 AM MDT

  • Strong Start To Q3 For CWC; Company On The Hunt For Consolidation

    CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.

    July 30, 2021, 7:23 AM MDT

  • Source Reports Higher Sand Volumes For Q2

    Source Energy Services Ltd. grew market share in the Western Canadian Sedimentary Basin (WCSB), reporting Q2 sand sales volumes of 557,208 metric tonnes (MT) and sand revenue of $58.1 million.

    July 30, 2021, 8:13 AM MDT

  • Tourmaline, AltaGas Address Blueberry Court Decision; B.C. Not Appealing Decision

    Tourmaline Oil Corp. and AltaGas Ltd. executives were asked this morning on their second quarter conference calls to address a recent court decision in favour of the Blueberry River First Nation.

    July 29, 2021, 9:44 AM MDT

  • Record Propane, Butane Exports To Asia: AltaGas

    AltaGas Ltd. reported record exports of LPG to Asia in the second quarter.

    July 29, 2021, 4:30 AM MDT

  • Whitecap Boosts 2022 Outlook Based On Saskatchewan Deal; Firm Sees Strong Q2 2021 Results

    Whitecap Resources Inc. has increased its 2022 preliminary production outlook to 122,000 boe/d, incorporating the acquisition of a private company with operations in southeastern Saskatchewan, but the preliminary capital spending outlook remains between $560 million and $580 million for the year.

    July 29, 2021, 8:34 AM MDT

  • Spartan Delta Again Active In M&A; Makes Montney Acquisition

    Spartan Delta Corp. has entered into a definitive agreement to acquire Velvet Energy Ltd., a privately held light-oil Montney producer with operations primarily in the Gold Creek, Karr and Pouce Coupe areas of northwest Alberta, for total consideration of approximately $743.3 million.

    July 28, 2021, 3:07 PM MDT

  • Tourmaline Q2 Output Surges

    Tourmaline Oil Corp.’s second quarter 2021 average production was 410,339 boe/d (414,387 boe/d prior to storage injections in California and Dawn), a 37 per cent increase over Q2 2020 (299,369 boe/d).

    July 28, 2021, 3:38 PM MDT

  • Tourmaline To Bring 140 Wells Onstream Through Balance Of 2021

    Tourmaline Oil Corp. drilled 113.75 net wells in 1H 2021 and expects to drill approximately 250 net wells for full-year 2021, completing approximately 220 (net) of those wells by year end.

    July 28, 2021, 4 PM MDT

  • Ovintiv Increases Full-Year Production Guidance; Boosts Montney Output In Q2

    Ovintiv Inc. is increasing its full-year crude and condensate guidance to between 190,000 and 195,000 bbls/d (up from the previous guidance of around 190,000 bbls/d) due to strong production outperformance across its assets, although the $1.5 billion 2021 capital guidance remains unchanged.

    July 28, 2021, 9:43 AM MDT

  • ‘Labour Tightness’ An Industry Rebound Challenge; Precision Recruiters Gathering Workers

    Precision Drilling Corporation employee recruitment and training practices represent a competitive advantage for the company coming out of the downturn, ensuring a sustained, strong market position, says top brass. 

    July 23, 2021, 7:27 AM MDT

  • CanOils Data: Deals Involving Montney

    On Thursday, Strathcona Resources Ltd. said it completed a strategic acquisition of Montney assets in the Resthaven area.

    July 23, 2021, 5:09 AM MDT

  • NuVista Closes $230 Million Private Placement

    NuVista Energy Ltd. completed its previously announced private placement of $230 million aggregate principal amount of 7.875 per cent senior unsecured notes due July 23, 2026.

    July 23, 2021, 8:09 AM MDT

  • Canadian Outlook Remains ‘Exceptionally Bright’ For Precision; Revenue Increases For Q2 2021

    Precision Drilling Corporation expects to activate several more rigs in the Canadian market in the coming weeks, and the company has agreed to a multi-year contract to redeploy an AC Super Triple rig from Colorado to the Montney, as the outlook for Canada remains “exceptionally bright” for the next 12 months.

    July 22, 2021, 7:55 AM MDT

  • Strathcona Acquires Montney Assets

    Strathcona Resources Ltd. has completed a strategic acquisition of Montney assets in the Resthaven area, located directly offsetting and integral with the company's existing Montney operations in the Kakwa area.

    July 22, 2021, 11:28 AM MDT

  • B.C. Cancels Summer PNG Tenure Dispositions

    The B.C. Ministry of Energy, Mines and Low Carbon Innovation has cancelled the province’s pending July and August petroleum and natural gas tenure dispositions in consideration of a B.C. Supreme Court decision (on June 29) in favour of the Blueberry River First Nations, which has a formal treaty with the Crown.

    July 16, 2021, 6:58 AM MDT

  • Topaz Acquires Additional Montney Royalty Assets In NEBC

    Topaz Energy Corp. has entered into definitive agreements with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 296,000 gross acres in the northeast B.C. Montney play area, for total cash consideration of $145 million, which will be funded through Topaz’s existing credit facilities.

    July 16, 2021, 7:19 AM MDT

  • Japex Says Considering Sale Of Oilsands Project In Canada

    July 9, 2021, 12 AM MDT

  • Source Energy Inks Contracts With 2 Montney Operators

    Source Energy Services Ltd. has entered into a new contract with Pipestone Energy Corp. and has extended and expanded its relationship with a major Montney producer.

    July 7, 2021, 3:38 PM MDT

  • Judgement Not Expected To Impact Storm’s Forecast Activity For 2021

    Storm Resources Ltd. says a recent court judgement in B.C.  is not expected affect the company’s forecast activity or production guidance for 2021 “and it is not known if it will have longer term effects on the business.”  

    July 6, 2021, 12 AM MDT

  • Private Entities Monetizing For Public Company Paper

    A trend that we have witnessed during the recent wave of consolidation in the Canadian oil and natural gas industry is a significant number of privately-held oil and natural gas companies achieving liquidity by selling to publicly-traded companies for shares.

    June 30, 2021, 6:57 AM MDT

  • ConocoPhillips ‘Improving Efficiency’ In The Montney

    ConocoPhillips said this morning it is improving efficiency and lowering costs in the Montney.

    June 30, 2021, 9:08 AM MDT

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