Bonterra Energy Corp.’s first Montney test well was successfully drilled in the third quarter of 2023 to a total measured depth of approximately 5,500 metres, including the horizontal leg of 3,200 metres, and was drilled under budget.
November 9, 2023, 12 AM MST
Capital expenditures for Bonterra Energy Corp. in the quarter totaled $36.1 million, of which $27.5 million was directed to the drilling of 12 gross (11.8 net) operated wells while 13 gross (13.0 net) operated wells were completed, equipped, and tied-in.
November 9, 2023, 12 AM MST
Kelt Exploration Ltd. outlined an initial capital expenditure budget of $350.0 million for 2024.
November 9, 2023, 6:13 AM MST
Advantage Energy Ltd. is expanding its liquids-rich Montney acreage in British Columbia, providing geographic diversification and exposure to Canada’s growing LNG industry via a recent low-cost asset deal, says president and CEO Michael Belenkie, noting the value of these Conroy assets is not contingent on LNG.
November 8, 2023, 12 AM MST
NuVista Energy Ltd. has outlined its 2024 spending plan and adjusted its capital spending for 2023.
November 8, 2023, 6:23 AM MST
NuVista Energy Ltd. reported a quarterly production record of just over 80,000 boe/d with peak-day rates of approximately 85,000 boe/d.
November 8, 2023, 6:39 AM MST
Spartan Delta Corp. successfully executed a $27.5 million capital program in the third quarter of 2023, with specific focus placed on continued development across multiple horizons in the Deep Basin.
November 8, 2023, 6:51 AM MST
Ovintiv Inc. reported third quarter 2023 production of approximately 572,000 boe/d, up from 516,000 boe/d in the same quarter of 2022, after closing its US$4.4 billion acquisition in the Permian Basin in June.
November 8, 2023, 8:39 AM MST
Following Crescent Point Energy Corp.’s $2.55 billion acquisition of Hammerhead Energy Inc., here’s a look at the top deals in the Montney over the past couple of years, courtesy of Evaluate Energy.
November 7, 2023, 11:04 AM MST
Crescent Point Energy Corp. has entered into an arrangement agreement to acquire Hammerhead Energy Inc., an oil and liquids-rich Alberta Montney producer, for total consideration of approximately $2.55 billion, including approximately $455 million in assumed net debt, consisting of cash and common shares of the company.
November 6, 2023, 2:28 PM MST
ARC Resources Ltd. expects to keep production flat at its prolific Kakwa condensate play in Alberta, with future production growth coming from its Attachie assets in northeast B.C., executives said at the company’s third quarter 2023 conference call.
November 6, 2023, 6 AM MST
An important consideration when assessing M&A deals is whether the free cash flow yield from an acquisition will be as good or better than what the company’s organic five-year EP plan could deliver, says the chief executive of Tourmaline Oil Corp.
November 3, 2023, 12 AM MDT
ConocoPhillips reported first steam at Surmont Pad 267.
November 3, 2023, 12 AM MDT
ARC Resources Ltd. expects to spend between $1.75 to $1.85 billion in 2024 to maintain production in the 350,000 to 360,000 boe/d as it advances its Attachie project in northeastern B.C.
November 3, 2023, 6:42 AM MDT
Free cash flow more than doubled for ARC Resources Ltd. in the third quarter as oil and gas prices recovered after dipping in the second quarter of 2023.
November 3, 2023, 6:48 AM MDT
Vermilion Energy Inc. has increased its 2023 capital expenditure guidance by $20 million to $590 million.
November 3, 2023, 12 AM MDT
Production for Vermilion Energy Inc. in North America during the third quarter of 2023 averaged 56,758 boe/d. This represents five per cent growth over the previous quarter.
November 3, 2023, 12 AM MDT
Crescent Point Energy Corp. president and CEO Craig Bryksa was positive about the company’s third-quarter results following the company’s reported loss of $809.9 million due to non-cash charges connected to the planned sale of its North Dakota assets.
November 3, 2023, 12 AM MDT
Paramount Resources Ltd. is budgeting 2024 capital expenditures of between $830 million and $890 million, $60 million at midpoint more than the previous high range of preliminary guidance.
November 2, 2023, 6:14 AM MDT
Paramount Resources Ltd. has expanded its core Montney land position in the Grande Prairie Region through the addition of 10 net sections of new land at Karr and Wapiti.
November 2, 2023, 6:49 AM MDT
Murphy Oil Corporation reported Tupper Montney natural gas production of 414 mmcf/d in the third quarter.
November 2, 2023, 4:47 AM MDT
STEP Energy Services Ltd.’s Canadian fracturing service line generated $127.4 million in revenue on 308,000 tonnes of proppant pumped, the best third quarter in the company’s history.
November 2, 2023, 12 AM MDT
Athabasca Oil Corporation believes the recent widening in differentials to US$21/bbl (Q4 strip pricing) is primarily a function of seasonality with refinery downtime and anticipates tightening from current levels in 2024 following the start-up of the Trans Mountain pipeline expansion and new global heavy oil refining capacity.
November 2, 2023, 12 AM MDT
Montney natural gas producers will see higher prices along with the opportunity to meaningfully increase production as new North American LNG export capacity comes onstream the remainder of the decade, according to Jamie Heard, manager, capital markets at Tourmaline Oil Corp.
November 1, 2023, 9:51 AM MDT
Tourmaline Oil Corp.'s board of directors has approved a full year 2024 EP capital budget of $2.15 billion, reflecting a 14-15 rig program and including $225 million associated with the Bonavista Energy Corporation assets.
November 1, 2023, 3:30 PM MDT
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