While the trials and tribulations of the Trans Mountain crude pipeline expansion captures most of the public’s attention, an Alberta firm has been profitably exporting niche petroleum fuels to Asia.
January 10, 2024, 6 AM MST
AltaGas Ltd. has declared a positive final investment decision (FID) on the Pipestone Phase II expansion project, following the completion of key de-risking milestones.
January 2, 2024, 10:13 AM MST
Crescent Point Energy Corp. expects to generate annual average production of 198,000 to 206,000 boe/d (65 per cent oil and liquids) in 2024 based on development capital expenditures of $1.4 to $1.5 billion.
December 21, 2023, 7:48 AM MST
Crescent Point Energy Corp. has completed its acquisition of Hammerhead Energy Inc.
December 21, 2023, 7:34 AM MST
At Alberta’s Dec.13, 2023 land sale, the final one of the year, the province sold 55,431.98 hectares of P&NG leases and licenses bringing in $14.05 million.
December 15, 2023, 3:03 PM MST
Canadian Natural Resources Limited’s capital expenditures will be weighted heavily towards drilling thermal development wells in the first half of 2024 that will be brought onstream in early 2025, Scott Stauth, chief operating officer for CNRL’s oilsands operations told analysts at the company’s 2024 budget conference call Wednesday.
December 14, 2023, 12:42 PM MST
Kiwetinohk Energy Corp. is planning to drill, complete, equip and tie-in (DCET) 15 wells, including 12 Duvernay and three Montney wells for a total estimated DCET expenditure of $250 - $265 million for 2024.
December 14, 2023, 8:12 AM MST
Vermilion Energy Inc.’s 2024 capital expenditure budget of $600 – $625 million includes increased investment in its B.C. Montney asset and advancement of key growth projects in Germany and Croatia.
December 13, 2023, 12 AM MST
Bonterra Energy Corp.’s first Montney test well was drilled in Q3 2023 at 04-03-074-6W6 on the company’s block of 100 per cent owned lands covering 45 sections.
December 13, 2023, 7:02 AM MST
Bonterra Energy Corp. approved a capital expenditure range of $90 million to $100 million, fully funded by internally generated funds flow.
December 13, 2023, 7:28 AM MST
Advantage Energy Ltd. has outlined capital plans of between $260 million and $290 million for 2024.
December 1, 2023, 12 AM MST
Spartan Delta Corp. completed a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million.
November 29, 2023, 5:18 AM MST
Canadian Spirit Resources Inc. has initiated a process to review strategic alternatives with a view to maximizing the value of the company’s Montney resource base at Farrell Creek and Altares.
November 29, 2023, 9:55 AM MST
Logan Energy Corp. has set a 2024 initial capital budget of $120 million. The budget is designed to deliver growth in Simonette, maintain production in Pouce Coupe and advance long term growth projects like Flatrock.
November 23, 2023, 12 AM MST
Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.
November 23, 2023, 6:59 AM MST
While the industry spotlight has focused on the Montney play with major acquisition deals in recent days, the head of a Calgary intermediate says he’s happy to stick with his company’s Sparky light/medium-oil play in east-central Alberta.
November 22, 2023, 6 AM MST
The current uptick in merger and acquisition activity in the energy space can be linked to an interest in building inventories for the coming decades.
November 22, 2023, 12 AM MST
In Q3 2023, Coelacanth Energy Inc. continued with development of its Two Rivers project.
November 20, 2023, 12 AM MST
The president and chief executive officer of Trican Well Service Ltd. is optimistic about the business opportunities for the company in Canada.
November 16, 2023, 6:53 AM MST
Tidewater Midstream and Infrastructure Ltd.’s Q3 sale of the Pipestone Natural Gas Processing facility and the Dimsdale natural gas storage facility assets to AltaGas Ltd. is part of a strategy to get its “core assets performing as they should and to service new creative opportunities.”
November 15, 2023, 6:06 AM MST
Strathcona Resources Ltd. reported a year-over-year production increase of 23 per cent in the third quarter, resulting in steady financial performance, the company reported in its first quarter as a public company after its transaction with Pipestone Energy Corp. that closed in early October.
November 14, 2023, 6:53 AM MST
Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.
November 14, 2023, 7:01 AM MST
The total job count for Trican Well Service Ltd. in the third quarter of 2023 eased compared to levels it logged one year earlier.
November 14, 2023, 6:44 AM MST
As previously disclosed, Birchcliff Energy Ltd. has amassed a significant Montney land position in the Elmworth area of Alberta, which positions the company to continue to drive long-term shareholder value and provides it with a large potential future development area that can supply clean natural gas for many years to come.
November 14, 2023, 3:13 PM MST
With lower natural gas prices persisting across North America, Ovintiv Inc. plans on focusing all its drilling efforts in condensate-rich areas of the Montney in 2024, company president and chief executive officer Brendan McCracken told analysts at the company’s third quarter 2023 conference call.
November 9, 2023, 8:06 AM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.