At Tupper Montney in Q3, Murphy Oil Corporation’s natural gas production averaged 292 mmcf/d.
November 4, 2021, 6:58 AM MDT
During the third quarter, the working interest operators on Topaz Energy Corp.’s royalty acreage continued their active drilling operations.
November 4, 2021, 3:13 PM MDT
Paramount Resources Ltd. says its 2022 capital budget is expected to range between $500 million and $540 million, excluding land acquisitions and abandonment and reclamation activities, an increase of $165 million at midpoint from preliminary guidance.
November 4, 2021, 6 AM MDT
Ovintiv Inc. views its 2021 development program as being highly repeatable in 2022 for the same amount of capital investment.
November 3, 2021, 11:24 AM MDT
Keyera Corp. continued construction on the KAPS pipeline project throughout the third quarter, with mainline construction still steadily progressing, and management considering this project as a “critical link” to integrate the company’s value chain, expanding what services it can offer to customers.
November 3, 2021, 11:12 AM MDT
In Alberta, physical markets and regional benchmark prices (WCS) have improved with higher WTI prices. Athabasca Oil Corporation expects current WCS differentials to remain stable with muted industry growth and improving basin egress, including the recently completed Enbridge Inc. Line 3 replacement.
November 3, 2021, 3:34 PM MDT
Strong third quarter activity rates and revenues at Calfrac Well Services Ltd. are signs of a rapidly improving wells services market headed into 2022, the company said in its third quarter 2021 report to shareholders.
November 2, 2021, 8:45 AM MDT
A new research report and data set provide detail on potentially suitable geologic storage for wastewater from natural gas operations in northeast British Columbia’s Montney play region, announced Geoscience BC.
November 2, 2021, 7:16 AM MDT
AltaGas Ltd. reported record global export volumes by shipping roughly 105,000 bbls/d of LPGs to Asia, which was spread over 18 very large gas carriers (VLGCs).
October 28, 2021, 12 AM MDT
Propane volumes exported to Asia from AltaGas Ltd.’s RIPET for the three months ended Sept. 30, 2021 averaged 58,056 bbls/d compared to 42,736 bbls/d for the same period in 2020.
October 28, 2021, 9:08 AM MDT
Crew Energy Inc. confirmed the Q3 sale of its Lloydminster heavy oil asset representing the final step of its strategic transition to a pure-play Montney producer.
October 28, 2021, 5:13 AM MDT
Whitecap Resources Inc. closed the acquisition of a private company in southeast Saskatchewan for $67 million.
October 28, 2021, 7:20 AM MDT
Trican Well Service Ltd. remains keenly focused on retaining existing staff and attracting new talent as labour availability continues to be a top focus for all oilfield service providers, says management.
October 27, 2021, 8:25 AM MDT
In its first comprehensive ESG report, Deep Basin natural gas producer Peyto Exploration & Development Corp. has set new short-term targets for environmental performance in its environment, social and governance reporting.
October 26, 2021, 6 AM MDT
Precision Drilling Corporation’s outlook for its North American operations is increasingly bullish and the company’s top executive expects both activity and pricing to trend higher for the rest of this year and into 2022.
October 22, 2021, 6 AM MDT
Tenaris SA has tailor engineered, in Canada, a new proprietary seamless steel grade — TN 80EY — that is ideal for Montney conditions, says a company representative.
October 8, 2021, 12 AM MDT
As the complex negotiations between the Blueberry River First Nations, other Treaty 8 nations, and the British Columbia provincial government continue to play out, industry in the region — which includes virtually all players in the Montney — continue to await resolution in the hope of determining the go-forward playing field.
September 29, 2021, 6 AM MDT
Tourmaline Oil Corp.’s 2021 EP capital program has been increased to $1.375 billion with the 2H 2021 increase focused on liquids business/production increases and related liquids margin improvements, and the modest acceleration of drilling activities.
September 22, 2021, 4:13 PM MDT
Kiwetinohk Energy Corp. is the new name for the combined Kiwetinohk Resources Corp. and Distinction Energy Corp.
September 22, 2021, 3:44 PM MDT
No new wells were approved in British Columbia in August, as the province continues to work with the Blueberry River First Nations (BRFN) on a way to improve and modernize provincial processes that recognize and respect their treaty rights.
September 15, 2021, 9:56 AM MDT
Although activity in the Cardium play in central Alberta is showing signs of rebounding slightly from a slowdown in recent years, it faces some challenges when compared to other plays in the Western Canadian Sedimentary Basin such as the Montney, Clearwater and Charlie Lake, says Patrick O’Rourke, an analyst with AltaCorp Capital Inc.
September 13, 2021, 6:36 AM MDT
Rubellite Energy Inc.’s board of directors has been fully constituted and is comprised of a majority of independent directors, each of whom is unique from Perpetual Energy Inc.'s board, establishing a strong and diverse governance model and clear shareholder and management alignment, said the company.
September 7, 2021, 6:33 AM MDT
In Q2 2021, Leucrotta Exploration Inc. successfully completed and tested its first Basal Montney well at Mica.
August 26, 2021, 8:15 AM MDT
Oilfield service companies keep seeking out mergers and acquisitions that will prove successful, as highlighted in recent second quarter results and conference calls.
August 24, 2021, 5:08 AM MDT
Peyto Exploration & Development Corp.’s second quarter production “held up pretty well” despite the seasonal impacts of spring breakup and the loss of two rigs during the period due to maintenance and upgrades that took longer than anticipated to complete, says president and CEO Darren Gee.
August 12, 2021, 11:14 AM MDT