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
Growing B.C.’s LNG industry could create 96,550 new jobs, boost total wages in Canada by more than $6 billion, and increase Canada’s GDP by $11 billion every year, according to a Conference Board of Canada (CBoC) report, A Rising Tide: The Economic Impact of B.C.’s liquefied natural gas industry.
August 11, 2020, 12 AM MDT
In the Tupper Montney, natural gas production averaged 237 mmcf/d for the quarter, reported Murphy Oil Corporation. No activity occurred in the second quarter, and none is planned for the remainder of 2020.
August 10, 2020, 9:28 AM MDT
Crew Energy Inc. has increased the 2020 exploration and development budget to $75-85 million, reflecting an anticipated 10-day turnaround at the Septimus processing facility and a 30-day turnaround at the McMahon gas plant.
August 10, 2020, 8:59 AM MDT
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT
Perpetual Energy Inc. sold half of its working interest in its East Edson property in West Central Alberta at the start of Q2 2020 to a third-party purchaser for consideration including a cash payment of $35 million and the carried interest funding of the drilling, completion and tie-in costs for an eight-well drilling program.
August 5, 2020, 12 AM MDT
Pipestone Energy Corp. has entered into subscription agreements with Riverstone V EMEA Holdings Cooperatief U.A., GMT Capital Corp. and GMT Exploration Company LLC.
August 5, 2020, 10:21 AM MDT
Rig activity was up in July compared to the anemic spring. While there continues to be a chasm between drilling levels in 2020 and the previous two years, there are a few bright spots of activity in the basin.
July 31, 2020, 9:08 AM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
Seven Generations Energy Ltd. is forecasting lower sustaining capital requirements going forward, predominately driven by enduring cost savings that are now part of its business model.
July 29, 2020, 11:10 AM MDT
Ovintiv Inc. recorded a second quarter net loss of $4.4 billion versus a profit of $336 million a year earlier as non-cash charges resulting from dramatically weak prices hammered the company’s bottom line.
July 29, 2020, 10:44 AM MDT
Tourmaline Oil Corp., as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and northeast B.C.
July 29, 2020, 3:18 PM MDT
After the slowest second quarter on record, the start of the summer has seen only a muted uptick in Canadian industry activity, although more rigs are expected online in the coming days, says the chief executive officer of Precision Drilling Corporation.
July 24, 2020, 10:28 AM MDT
British Columbia is carrying out “its most ambitious plan to date” when it comes to orphan well management, as the province aims to abandon approximately 100 wells with support from northeastern B.C. service providers.
July 23, 2020, 7:05 AM MDT