Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 AM MST
As Kelt Exploration Ltd. has entered various agreements that provide the company with the ability to increase its raw gas processing capacity over the next three years.
February 22, 2024, 5:48 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
It is far too cliché to say that the western Canadian natural gas price marker of AECO is at a crossroads as the current winter heating season is starting to wind down. Our point being, when is AECO not at a crossroads?
February 20, 2024, 6 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
Keyera Corp. has new long-term integrated agreements with several producers, including roughly 30,000 bbls/d of incremental volume commitments on the Key Access Pipeline System (KAPS).
February 14, 2024, 11:20 AM MST
Bonterra Energy Corp. has continued to advance development of its significant Montney discovery at Valhalla following the drilling of first test well in Q3 2023 at 04-03-074-6W6, located on a block of 100 per cent owned lands covering 45 sections.
February 14, 2024, 5:39 AM MST
Bonterra Energy Corp.’s annual production averaged 14,204 boe/d in 2023, representing a six per cent increase over 2022, and exceeded Bonterra's previously stated 2023 guidance range of 13,500 and 13,700 boe/d.
February 14, 2024, 5:47 AM MST
ARC Resources Ltd. added a fourth long term LNG supply agreement in the final quarter of 2023, with volumes contracted now approaching its target of sending 25 per cent of current production to international markets, company president and chief executive officer Terry Anderson told analysts at the company’s 2023 year-end conference call.
February 13, 2024, 8:57 AM MST
A new focus area for Falher (Clearwater equivalent) expansion appears to be growing southeast of the Peavine Dawson area, as highlighted in Alberta’s land sale on Feb. 7, 2024.
February 12, 2024, 8:35 AM MST
With a second rig in the Montney now poised to start and the full purchase of Surmont completed, ConocoPhillips is depending on its Canadian assets to significantly contribute to company growth in 2024.
February 12, 2024, 10:46 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
During Precision Drilling Corporation’s Q4 2023 results call-in, president and CEO Kevin Neveu gave an overview of how he saw Canadian drilling and well services responding to developing Canadian oil and gas market needs, with a strong operational and financial performance throughout 2023 continuing momentum into 2024.
February 7, 2024, 1:56 PM MST
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
It’s safe to say the former top executives of Pipestone Energy Corp. have hit the ground running since signing off on the agreement to sell the Montney-focused company to Strathcona Resources Ltd. in a deal that closed last fall.
February 1, 2024, 6 AM MST
A new well completion design and real-time frack optimization resulted in improved Montney well productivity for Murphy Oil Corporation in 2023, Eric Hambly, executive vice-president of operations, told analysts at the company’s third quarter conference call.
January 29, 2024, 9:17 AM MST
In Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 386 mmcf/d in the fourth quarter, with no new wells brought online.
January 26, 2024, 9:51 AM MST
Alberta Crown land sale activity in 2023 was steady, with a strong showing in the back half of the year, and the momentum could carry into this year.
January 24, 2024, 6 AM MST
The Montney formation dominated gas drilling in 2023, representing almost two-thirds of wells drilled.
January 22, 2024, 7:09 AM MST
Coelacanth Energy Inc. has completed and tested four wells at its Two Rivers East project including three Lower Montney Wells and one Basal Montney well on the 5-19 pad.
January 18, 2024, 9:56 AM MST
Like the Montney and Duvernay unconventional resource plays, continued technological advances in drilling and completions keep the Deep Basin competitive in global energy markets throughout oil and gas commodity cycles.
January 17, 2024, 6 AM MST
Clarity that came through government announcements last year is helping to drive a recent ramp up in inquiries at the Greenview Industrial Gateway, according to its executive director.
January 12, 2024, 12 AM MST
NuVista Energy Ltd. reported record quarterly production and share repurchases in the fourth quarter of 2023.
January 12, 2024, 2:01 PM MST
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