Conventional oil operators are laser focused on returns on capital employed and increasing free cash flow as the COVID-19 pandemic recedes and commodity prices stabilize, three sector leaders told the Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium this week.
April 8, 2021, 9:19 AM MDT
Although commodity prices began improving in the latter half of 2020 and continued to hold relatively steady so far this year, the growth-versus-debt reduction plans of three western Canadian intermediate producers have not been altered, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 7, 2021, 4:19 PM MDT
Egress remains a concern for western Canadian oil and gas producers, says Tim McKay, president, Canadian Natural Resources Limited, but there is also reason to be “cautiously optimistic” for future pipeline capacity.
April 6, 2021, 2:47 PM MDT
ARC Resources Ltd. has closed its strategic Montney combination with Seven Generations Energy Ltd.
April 6, 2021, 7:15 AM MDT
Whitecap Resources Inc. announced an agreement this morning to indirectly acquire Kicking Horse Oil & Gas Ltd., a privately held indirect subsidiary of Quantum Energy Partners, for aggregate consideration of $300 million.
April 5, 2021, 5:28 AM MDT
Whitecap Resources Inc.’s acquisition of Kicking Horse Oil & Gas Ltd. announced this morning more resembles a land deal than a corporate acquisition, executives said this morning.
April 5, 2021, 10:57 AM MDT
Advantage Oil & Gas Ltd. completed two complementary asset acquisitions consisting of 12.4 net sections of highly prospective Doig/Montney rights contiguous to its existing land base.
April 5, 2021, 6:39 AM MDT
Leucrotta Exploration Inc. has closed the sale of 10.25 sections of non-strategic Montney lands, comprising five per cent of its Montney land base, for aggregate consideration of $30 million.
April 1, 2021, 2:48 PM MDT
The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.
March 29, 2021, 5:57 AM MDT
The Alberta government attracted $1.48 million in bids at its Wednesday land sale.
March 25, 2021, 9:58 AM MDT
Source Energy Services Ltd.’s activity levels recovered in the latter half of 2020 and have continued to gain momentum into the first quarter of 2021, supported by the strength of commodity prices.
March 19, 2021, 6:15 AM MDT
Leucrotta Exploration Inc. is selling land in the Montney, announced a financing, and outlined plans for Phase 1 of its Mica pad development.
March 16, 2021, 12 AM MDT
Tourmaline Oil Corp. continues to actively progress and enhance its various sustainability and environmental initiatives and they will only continue to increase going forward, says president and CEO Mike Rose.
March 12, 2021, 12 AM MST
Crew Energy Inc. says it is the first Canadian energy producer to receive regulatory approval from the BC Oil and Gas Commission (OGC) for the installation and operation of a next-generation, spoolable surface pipeline for produced water transfer.
March 12, 2021, 12 AM MST
Tidewater Midstream and Infrastructure Ltd.’s focus over the next 12 months is to employ the related cash flow generated from its 2019 large, completed capital projects and Prince George Refinery (PGR), as well as proceeds from the Pioneer transaction, towards deleveraging.
March 12, 2021, 12 AM MST
Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
March 12, 2021, 5:54 AM MST
Alberta’s Wednesday land sale brought $5.63 million into government coffers.
March 11, 2021, 6 AM MST
In anticipation of rising steel prices, and given the upcoming completion programs both at Oak and at Wembley, Kelt Exploration Ltd. has pre-purchased casing and line pipe to mitigate higher capital costs.
March 11, 2021, 7:27 AM MST
Kelt Exploration Ltd.’s fourth quarter output declined to 16,476 boe/d from 31,262 boe during the fourth quarter of 2019.
March 11, 2021, 7:45 AM MST
Pipestone Energy Corp. has modified its three-year development plan to reflect the improvements in WTI futures prices and a stronger medium-term fundamental outlook for crude oil, including jump in expected spending for 2021.
March 11, 2021, 6:36 AM MST
Tourmaline Oil Corp. increased 2P reserves to 3.31 billion boe in 2020 at historically low FD&A costs.
March 11, 2021, 8:21 AM MST
Tervita Corporation is banking on the positive momentum in the second half of 2020 to carry though to 2021.
March 5, 2021, 9:55 AM MST
Canadian Natural Resources Limited’s 2020 North America annual natural gas production was strong and in line with 2019 output averaging 1.45 bcf/d, with healthy base production, highly economic volume additions and the acquisition of Painted Pony Energy Ltd. in the second half of the year, resulting in significant exit rate volumes of 1.62 bcf/d in December 2020.
March 4, 2021, 10:53 AM MST
Peyto Exploration & Development Corp. management is optimistic for 2021, with plans to run four drilling rigs throughout the year, including two rigs during spring breakup, as well as one in Sundance and one in Brazeau.
March 4, 2021, 1:04 PM MST
Paramount Resources Ltd.’s Montney-focused capital budget for 2021 is expected to range between $230-$260 million, excluding land acquisitions and abandonment and reclamation activities.
March 3, 2021, 8:42 AM MST