ARC Resources Ltd.’s management group says the company’s agreement announced this week to supply natural gas for Cheniere Energy, Inc.’s Corpus Christi Stage III LNG project further enhances its already robust efforts to diversify its end markets.
May 6, 2022, 10:59 AM MDT
ARC Resources Ltd.’s May 2021 acquisition of Seven Generations Energy Ltd. continues to pay off as the company was able to push production levels, free cash flow generation and returns to shareholders higher in the first quarter.
May 6, 2022, 9:48 AM MDT
Although no new wells have been approved in B.C. since August 2021, Canadian Natural Resources Limited says its Montney operations have only been moderately impacted.
May 6, 2022, 12 AM MDT
Tourmaline Oil Corp. has bolstered its long-term associated Conroy facilities plan with additional interest in two plants.
May 6, 2022, 8:53 AM MDT
Crew Energy Inc. achieved average daily production of 33,399 boe/d during the first quarter of 2022, which is up 27 per cent from Q1 2021, thanks largely to progress achieved so far on the company’s two-year development plan.
May 6, 2022, 6:07 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Pembina Pipeline Corporation’s Peace Pipeline Phase VIII expansion has been reactivated and the Phase VII expansion is undergoing final commissioning and is expected to enter commercial service on June 1, 2022 ahead of schedule and under budget, the company said this afternoon in Q1 results.
May 5, 2022, 3:32 PM MDT
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.
May 5, 2022, 11:18 AM MDT
Production of natural gas, crude oil, condensate and natural gas liquids (NGL) all reached double-digit percentage gains for Tourmaline Oil Corp. year-over-year in the first quarter of 2022.
May 5, 2022, 1:22 PM MDT
Paramount Resources Ltd.’s sales volumes climbed in the first quarter of 2022.
May 5, 2022, 12 AM MDT
ConocoPhillips’s earnings in its Canadian segment surged in the first quarter, while production declined during the three-month period.
May 5, 2022, 6 AM MDT
Murphy Oil Corporation has decided to alter development plans for its Tupper Montney asset, which allowed it to maintain its 2022 well delivery plans by drilling longer laterals that will ultimately lead to higher well recoveries, it said this morning.
May 4, 2022, 11:10 AM MDT
In late April, Paramount Resources Ltd. acquired Duvernay lands and production directly offsetting its existing 61,000 net acre position in the Willesden Green area of Alberta for approximately $40 million in cash, prior to adjustments.
May 4, 2022, 12 AM MDT
Topaz Energy Corp. reported record cash flow of $74.2 million and record free cash low of $73.8 million from its royalty assets in the first quarter of 2022.
May 4, 2022, 8:10 AM MDT
Athabasca Oil Corporation planning to utilize 100 per cent of near‐term free cash flow to reduce its term debt and is anticipating being in a net cash position by year end 2022 at current commodity prices.
May 3, 2022, 4:46 PM MDT
Imperial Oil Limited’s president and CEO Brad Corson said the previously announced marketing process for Imperial and ExxonMobil Canada’s interests in XTO Energy Canada is ongoing, with bids received now under evaluation.
April 29, 2022, 11:30 AM MDT
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
April 29, 2022, 6:32 AM MDT
Benefitting from recent acquisitions and strong commodity prices, Whitecap Resources Inc. says operational and financial momentum continued in Q1 with record-setting results achieved on many levels.
April 28, 2022, 11:13 AM MDT
Technology was a key differentiator for many oilfield service companies during last year’s fourth quarter, including for Ensign Energy Services Inc., as crews installed the Edge AutoPilot solution — encompassing emissions-reduction technology — on 40 drilling rigs within the firm’s high-spec ADR fleet.
April 22, 2022, 6:55 AM MDT
An oil and gas company with plays in B.C. and Alberta says its considerable land holdings offer it a leg-up in the market.
April 21, 2022, 2:44 PM MDT
Crew Energy Inc.’s Q1/22 estimated average production totaled 33,300 boe/d (200 mmcfe), based on field estimates, a company record representing a 27 per cent increase over Q1/21 average production of 26,257 boe (157 mmcfe) and a 14 per cent increase sequentially over Q4/21 average production of 29,142 boe (175 mmcfe).
April 21, 2022, 5:56 AM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 AM MDT
Peyto Exploration & Development Corp. has always had a long-term strategy to smooth out future volatility and secure some cash flow prediction for planning purposes, says the top executive, which makes hedging essential.
April 8, 2022, 6 AM MDT
The changes driven by investment in liquefied natural gas (LNG) in Western Canada will have a wide reach.
April 7, 2022, 3:15 PM MDT
Replicating a deal similar to last year’s Seven Generations Energy Ltd. purchase would be “highly unlikely” in the current market environment, says Terry Anderson, president and chief executive officer, ARC Resources Ltd.
April 6, 2022, 8:42 AM MDT
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