Montney

  • Delphi Reports Reduced Output, 2019 Net Loss Widens

    Delphi Energy Corp. reported average fourth quarter production of 7,022 boe/d was down 26 per cent from the 9,444 boe/d in the comparative quarter of 2018 as no additional production has been brought onstream since the second quarter of 2019.

    March 12, 2020, 8:50 AM MDT

  • Birchcliff Adds To The Chorus Of Budget Reductions

    Birchcliff Energy Ltd. is immediately deferring $65 million of capital expenditures (approximately 19 per cent of its previously announced capital budget) as a result of weakening and volatile oil prices.

    March 11, 2020, 2:53 PM MDT

  • Alberta Land Sale Bring In $5.71 Million As Montney Interest Drives Sale

    Alberta took in $5.71 million at its first land sale for March held on Wednesday.

    March 5, 2020, 8:15 AM MST

  • Peyto Boosts Liquids Production In 2019

    Liquids production at Peyto Exploration & Development Corp. was up 13 per cent for the year and nine per cent in the fourth quarter despite lower total production as the company reported its 20th consecutive year of profitability.

    March 5, 2020, 11:33 AM MST

  • Despite Late Start To Drilling, NuVista ‘On Track’

    Despite a late start to the winter drilling season due to adverse weather conditions, NuVista Energy Ltd.’s operations across its entire asset base have caught up to schedule as it moves through Q1.

    March 4, 2020, 7:13 AM MST

  • Athabasca Shielded From Low Prices By Hedging, Minimal Capital Program

    While concerns persist regarding disruptions caused by the coronavirus, Athabasca Oil Corporation said it is protected against low commodity prices by its hedging strategy.

    March 4, 2020, 3:42 PM MST

  • Paramount Spending To Range Between $350-$450 Million For 2020

    Paramount Resources Ltd.’s capital budget for 2020 is expected to range between $350 million and $450 million, excluding land acquisitions and abandonment and reclamation activities.

    March 4, 2020, 7:42 AM MST

  • Paramount Production Down 2019, Funds Flow Up, Net Loss Narrows

    Annual sales volumes for Paramount Resources Ltd. declined in 2019, while its net loss narrowed and funds flow climbed.

    March 4, 2020, 8:24 AM MST

  • Tourmaline Defers Some Q1 Capital Spending

    On the heels of deals to bulk up its Montney asset base, Tourmaline Oil Corp. announced on Tuesday that is was deferring some planned Q1 spending due to lower commodity prices.

    March 3, 2020, 4:01 PM MST

  • Tourmaline Reserves Climb

    Year-end 2019 PDP reserves of 527.4 million boe were up 34 per cent over year-end 2018 when including 2019 annual production of 106.2 million boe, Tourmaline Oil Corp. reported.

    March 3, 2020, 4:10 PM MST

  • Increased Liquids Output Helps Drive Record 2019 Production For Advantage

    Advantage Oil & Gas Ltd. achieved record annual production of 44,334 boe/d in 2019, up six per cent from average of 41,651 boe/d the previous year, due mainly to increased liquids production.

    March 3, 2020, 9:28 AM MST

  • Storm Starts Up Four-Well Pad, Sour Gas Plant Project At Nig

    The start-up of a four (four net) well pad at Nig, British Columbia in late November added production in the fourth quarter of 2019 while funds flow benefitted from an improvement in natural gas prices at Station 2 and AECO, says Storm Resources Ltd.

    March 2, 2020, 10:50 AM MST

  • Seven Generations Reports Higher Funds Flow In Q4

    Seven Generations Energy Ltd. reported fourth quarter and full-year 2019 funds flow of $353 million and $1.39 billion, respectively, with capital investments of $233 million for the fourth quarter and $1.23 billion for the full year.

    February 27, 2020, 8:23 AM MST

  • CSUR Montney Event Hears About China’s Natural Gas Matters

    Among the risks facing Montney producers is the behemoth would-be LNG customer in China increasing its own domestic natural gas supply — something easier said than done, according to Aaron Engen vice-chair of BMO Capital Markets.

    February 26, 2020, 8:16 AM MST

  • Pipestone Reserves Increase

    Pipestone Energy Corp. boosted its proved developed producing, proved and proved plus probable reserves in 2019.

    February 25, 2020, 7:51 AM MST

  • Tourmaline Makes Three Deals To Bulk Up Montney Asset Base

    Tourmaline Oil Corp. has announced three transactions that significantly increases its acreage position in the northeast B.C. Montney fairway while investing only 10 per cent of the proceeds that the company received by selling assets to Topaz Oil Corp. in November 2019.

    February 24, 2020, 9:11 AM MST

  • Ovintiv To Spend US$2.7 Billion In 2020; Will Focus On Continued Liquids Growth

    Ovintiv Inc. has set its 2020 planned capital investment program at US$2.7 billion with 80 per cent of the spending allocated to development programs in the U.S. and more than 75 per cent earmarked for its three core assets — the Permian, Anadarko and Montney.

    February 20, 2020, 10:32 AM MST

  • Ovintiv Reports ‘Rapid Growth’ In The Montney

    Ovintiv Inc.’s 2019 Montney liquids production grew substantially year-over-year to 52,100 bbls/d while overall output from the play increased to 207,300 boe/d from 190,700 boe/d a year earlier

    February 20, 2020, 11:44 AM MST

  • ConocoPhillips Will Continue Montney Appraisal Drilling In 2020

    Appraisal drilling and completions activity will continue for ConocoPhilllips in the Montney in 2020 to further explore the area’s resource potential.

    February 19, 2020, 11:30 AM MST

  • Precision Chief Optimistic On Near-Term Rig Utilization, Discusses ESG Matters

    Rig activity should remain in the mid-70s range in Canada through to the end of February for Precision Drilling Corporation, says top brass, and when things slow down come spring, he expects that to be weather driven and not a function of E&P budget exhaustion.

    February 13, 2020, 8:48 PM MST

  • Birchcliff Sets Annual Production Record, Reports Net Loss

    Birchcliff Energy Ltd. achieved record annual production in 2019 of 77,977 boe/d, a slight increase over 77,096 boe/d during the prior year.

    February 13, 2020, 8:58 AM MST

  • ARC On ESG: Company Strives For Net-Zero Emissions Not For 2050, But Today

    ARC Resources Ltd. has been in discussions with the B.C. government on potential electrification of the Dawson III and IV facilities, says Terry Anderson, senior vice-president and chief operating officer. Given low natural gas prices, at least some provincial and federal support is necessary to make this environmental win around electrification make economic sense for the company.

    February 12, 2020, 8:52 AM MST

  • Owning Infrastructure Gives ARC ‘Optionality,’ CEO Tells Investment Community

    ARC Resources Ltd. can maintain “optionality” while controlling its cost structure and managing production levels, based on commodity prices, thanks in part to owning and operating its own infrastructure, says top brass.

    February 12, 2020, 4:18 PM MST

  • Athabasca Minerals In Sand Supply Offtake Agreement With Shell

    Athabasca Minerals Inc.’s subsidiary, AMI Silica Inc., has secured an anchor offtake agreement with Shell Canada Energy for its Duvernay frack sand project.

    February 12, 2020, 7:26 AM MST

  • Lower Montney Continues To Be A Focus For ARC

    ARC Resources Ltd. continues to advance its Lower Montney development in northeastern British Columbia as strong condensate yields and strong rates-of-return continue to impress, the company said at its investor day event this morning.

    February 11, 2020, 11:53 AM MST

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