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
Murphy Oil Corporation’s Duvernay shale assets at Kaybob are performing extremely well with production of 13,000 boe/d in the third quarter of 2020, giving the company considerable future flexibility, says the company’s chief executive.
November 5, 2020, 11:15 AM MST
At the Surmont operation in Canada, ConocoPhillips curtailed approximately 15,000 boe/d in Q3 and restored production ahead of schedule.
October 29, 2020, 7:10 AM MDT
Ovintiv Inc. posted a net loss in the third quarter of $1.52 billion (all figures US), or $5.85 per share of common stock on higher than expected crude and condensate production during the quarter and continued reductions in capital and costs.
October 29, 2020, 8:16 PM MDT
While current natural gas prices and the forward strip are supportive of increased activity this winter drilling season and further into 2021, analysts say it won’t be full-out with the drill bit and Montney players will continue to lead the charge with the Deep Basin likely seeing a slight uptick.
October 27, 2020, 6 AM MDT
In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.
October 23, 2020, 7:16 AM MDT
Keyera Corp. today announced the start-up of the Pipestone gas plant, five months ahead of its original schedule and at budgeted costs.
October 13, 2020, 8:53 AM MDT
Advantage Oil & Gas Ltd.’s spending for 2020 is now projected to be between $147 million and $162 million, an increase of roughly $17 million, primarily to accelerate a four-well pad into Q4 2020 and augment natural gas production through the winter season.
October 8, 2020, 3:59 PM MDT
Calgary-based West Coast Olefins Ltd. in the coming weeks expects to file an application with the BC Oil and Gas Commission (OGC) for a straddle plant in the Prince George, British Columbia area, says the company’s chief executive.
October 5, 2020, 9:41 AM MDT
Advantage Oil & Gas Ltd. and Competitive Power Ventures (CPV) have agreed to a long-term gas supply agreement for the recently financed CPV Three Rivers Energy Center in Grundy County, Illinois.
September 30, 2020, 7:26 AM MDT
ConocoPhillips expects to report third quarter 2020 production volumes of 1.050 million to 1.070 million boe/d.
September 30, 2020, 7:20 AM MDT
Rig activity climbed again this week in the basin after a jump reported last week, according to Rig Locator.
September 18, 2020, 9:32 AM MDT
September 11, 2020, 7:45 AM MDT
Natural gas weighted Leucrotta Exploration Inc. increased production to 3,797 boe/d in the second quarter of 2020, up 22 per cent from 3,119 boe/d in the comparable 2019 period.
August 27, 2020, 12 AM MDT
ConocoPhillips has completed the acquisition of additional Montney acreage in Canada from Kelt Exploration Ltd.
August 21, 2020, 2:58 PM MDT
Canadian Spirit Resources Inc. has initiated a process to identify and pursue strategic alternatives to maximize the value of the company's Montney resource base at Farrell Creek, Altares and Attachie.
August 20, 2020, 12 AM MDT
While COVID-19 and lower crude prices largely meant reduced capital spending during the second quarter, some Canadian oilfield services firms are seeing investment opportunities in the current business environment.
August 19, 2020, 6 AM MDT
Waterous Energy Fund will combine private operators Strath Resources Ltd. and Cona Resources Ltd. to form the new Strathcona Resources Ltd.
August 14, 2020, 7:22 AM MDT
Capital investment in the third quarter for Storm Resources Ltd. is expected to be $10–$15 million, which will include drilling four wells (4.0 net) from an existing pad at Nig Creek plus starting the completions in late September.
August 13, 2020, 7:31 AM MDT
Birchcliff Energy Ltd. believes that commodity prices for natural gas will continue to strengthen towards the end of 2020 and into 2021 as a result of the massive reductions in capital spending throughout North America due to the reduced demand for oil and volatile commodity prices.
August 13, 2020, 9:24 AM MDT