Montney gas wells are reaching record levels of productivity as the formation continues to prove its dominance in western Canadian natural gas production.
November 8, 2022, 10:30 AM MST
Ensign Energy Services Inc. recorded year-over-year increases in both drilling operating days and well servicing operating hours in Canada during the three-month span ending Sept. 30, 2022.
November 8, 2022, 12 AM MST
Pembina Pipeline Corporation plans on using any excess cash flow generated in the next year to reload its balance sheet in anticipation of funding a long list of potential growth opportunities worth up to $4 billion, company executives told analysts at its third quarter conference call.
November 7, 2022, 12 AM MST
The province sold 35,527.2 hectares of P&NG leases and licences in the Nov. 2 land sale bringing in $20.22 million. Additionally, 13,385.01 hectares of oilsands leases sold for $2.1 million. This brings the total cumulative bonus paid to-date in Alberta to $415.2 million.
November 7, 2022, 6 AM MST
ARC Resources Ltd. recorded major gains in both net income and cash flow from operating activities in the three-month span ending Sept. 30, 2022 compared to the same days a year earlier.
November 7, 2022, 12 AM MST
The ARC Resources Ltd.’s board of directors has approved the company’s preliminary 2023 capital budget of $1.8 billion.
November 4, 2022, 9:50 AM MDT
Crew Energy Inc.’s strong 2022 financial performance in achieving leverage targets provides the flexibility to expedite two projects that were originally planned for the first quarter of next year.
November 4, 2022, 12 AM MDT
With inflationary pressures hooked into many aspects of the energy industry, Tourmaline Oil Corp. possesses qualities and has deployed tactics to fend against it.
November 3, 2022, 1:41 PM MDT
Thanks in part to the highest natural gas output in its history, Canadian Natural Resources Limited achieved record total quarterly production of approximately 1.34 million boe/d while third quarter earnings climbed to approximately $2.8 billion.
November 3, 2022, 11:22 AM MDT
Murphy Oil Corporation saw a significant increase in production from its Montney assets in the Tupper area of northeast B.C. in the third quarter of 2022, but higher royalty rates resulted in the price equivalent of 3,000 boe/d taken out of production, said executive vice-president of operations Eric Hambly at the company’s third quarter conference call Thursday.
November 3, 2022, 10:41 AM MDT
ConocoPhillips reported lower earnings for its Canadian segment for the third quarter of 2022.
November 3, 2022, 5:33 AM MDT
Paramount Resources Ltd. achieved record quarterly sales volumes of 97,601 boe/d (46 per cent liquids) in the third quarter, including record monthly sales volumes of 104,506 boe/d (46 per cent liquids) in September.
November 3, 2022, 6:10 AM MDT
Athabasca Oil Corporation’s output in Q3 was 37,240 boe/d (93 per cent liquids) consisting of 31,023 bbl/d in Thermal Oil and 6,217 boe/d (57 per cent Liquids) in Light Oil.
November 3, 2022, 12 AM MDT
Advantage Energy Ltd. says production remains on track to achieve corporate guidance for 2022 despite having shut-in an average of approximately 2,500 boe/d of AECO-exposed production during extremely low prices.
October 28, 2022, 9:27 AM MDT
With the recent acquisitions of Kicking Horse Oil & Gas and XTO Energy Canada, Whitecap Resources Inc. has a wealth of unconventional resource development opportunities in both the Montney and Duvernay plays to augment its legacy light oil operations in Alberta and Saskatchewan.
October 27, 2022, 1:48 PM MDT
Whitecap Resources Inc. reported an almost 30,000 boe/d jump in production for the third quarter of 2022 over the comparable quarter in 2021 as the company integrated its recently acquired XTO Energy Canada assets into its operations.
October 27, 2022, 7:43 AM MDT
CSV Midstream Solutions Corp. has reached a final investment decision to proceed with its Albright Sour Gas Processing Facility to be constructed near Grande Prairie, Alta.
October 25, 2022, 6:23 AM MDT
The province sold 27,979.60 hectares of P&NG leases and licences in the Oct. 19 land sale bringing in $12.05 million. Additionally, 7,680 hectares of oilsands leases sold for $1.31 million. This brings the total cumulative bonus paid to-date in Alberta to $392.9 million.
October 24, 2022, 6:49 AM MDT
Birchcliff Energy Ltd. is currently targeting F&D capital expenditures of $240 million to $270 million in 2023, which is expected to deliver annual average production of 81,000 to 83,000 boe/d, a five per cent increase over 2022.ca
October 13, 2022, 2:58 PM MDT
The Montney continues to dominate drilling activity, production, and reserves growth in British Columbia, noted a new report by the B.C. Oil And Gas Commission (OGC).
September 29, 2022, 1:34 PM MDT
Whitecap Resources Inc. laid out a 2023 capital investment budget of $900–$950 million and average production guidance of 170,000–172,000 boe/d (64 per cent liquids), resulting in significant free funds flow for elevated shareholder returns in 2023, said the company.
September 28, 2022, 12 AM MDT
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
Ongoing negotiations with the Blueberry River First Nations in B.C., service cost inflation, and bottlenecks in moving gas out of the Montney are having minimal impact on Ovintiv Inc.’s ability to efficiently operate, executives told analysts at the company’s Montney update last week.
September 26, 2022, 9:55 AM MDT
Higher production and maintenance have contributed to the near-term relative weakness in AECO prices, and this could persist for some time.
September 23, 2022, 6 AM MDT
Driving up drilling and completions productivity while ensuring it gets the best price for its almost 200,000 boe/d of production is Ovintiv Inc.’s near term focus in the Montney resource play, executives told analysts at the company’s Montney update this week.
September 22, 2022, 10:42 AM MDT
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