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
NuVista Energy Ltd. has increased capital spending for 2021 to between $230 million and $250 million from the original range of $180 million to $200 million.
March 3, 2021, 10:07 AM MST
Storm Resources Ltd.’s production in the first quarter of 2021 is forecast to average 25,000 to 27,000 boe/d while capital investment is estimated to be $25 million (45 per cent allocated to the Fireweed area).
March 3, 2021, 5:53 AM MST
Paramount Resources Ltd.’s 2020 production averaged 68,340 boe/d (39 per cent liquids) down from 82,394 boe/d a year earlier.
March 3, 2021, 9:28 AM MST
NuVista Energy Ltd. held proved developed producing (PDP) reserves slightly above flat year-over-year in 2020 at 95.51 million boe, replacing 103 per cent of production despite a 40 per cent reduction in annual capital expenditures.
March 3, 2021, 10:48 AM MST
Kelt Exploration Ltd.’s 2020 capital investment program, excluding dispositions, resulted in proved plus probable reserve additions of 25 million boe in 2020, replacing by a factor of 4.3 times pro-forma 2020 production of 15,940 boe/d that excludes assets sold in August 2020.
March 3, 2021, 12 AM MST
NuVista Energy Ltd. is selling its non-core Charlie Lake and Cretaceous Unit assets in the Wembley area, as well as selected water infrastructure assets in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments.
February 26, 2021, 6 AM MST
AltaGas Ltd. sees recent upstream consolidations in the oil and gas industry as providing significantly-improved counterparty credit risk for the company, heard this morning’s Q4 2020 conference call.
February 26, 2021, 11:17 AM MST
With its first propane export terminal set to come into service near the end of the first quarter of 2021, Pembina Pipeline Corporation says it is evaluating its deferred expansion project for the Prince Rupert Terminal.
February 26, 2021, 11:36 AM MST
Advantage Oil & Gas Ltd. is reducing its 2021 capital guidance range to $115 million to $135 million from $125 million to $150 million.
February 26, 2021, 6:18 AM MST
In 2020, ConocoPhillips’s operations in Canada contributed nine per cent of consolidated liquids production and three per cent of consolidated natural gas production, the company noted in its annual 10K filing in the United States.
February 22, 2021, 7:28 AM MST
On a day in which it announced it was unloading its Duvernay assets, Ovintiv Inc. reported lower Canadian output overall, including from its dominant asset in Canada, the Montney.
February 18, 2021, 12 AM MST
Kelt Exploration Ltd. piloted its first sustainable low-emission wellsite facility last year, eliminating more than 90 per cent of potential emissions at the location by deploying new, innovative technologies.
February 18, 2021, 12 AM MST
Seven Generations Energy Ltd. has implemented its first fully electrified pad.
February 18, 2021, 7:08 AM MST
Seven Generations Energy Ltd. reported lower financial results in a tough 2020 market environment, while production decreased by nine per cent for the year.
February 18, 2021, 6:51 AM MST
Crescent Point Energy Corp. has entered into an agreement with Shell Canada Energy, an affiliate of Royal Dutch Shell plc, to acquire Shell's Kaybob Duvernay assets in Alberta for $900 million.
February 17, 2021, 3:14 PM MST
Renewables would be irrelevant without a critical baseload of natural gas, says Dale Shwed, president and chief executive officer of Crew Energy Inc.
February 17, 2021, 2:41 PM MST
Spartan Delta Corp. this afternoon announced three strategic acquisitions, “executing on its stated acquisitive growth strategy within Western Canada.”
February 16, 2021, 1:47 PM MST
Reserve evaluators such as Sproule Associates Limited, Deloitte, GLJ Ltd. and McDaniel & Associates Consultants Ltd., among other industry watchers, updated their commodity forecasts at year-end 2020 and the largest hikes were for near-term AECO assumptions.
February 16, 2021, 5:35 AM MST
Spartan Delta Corp. has more than doubled its expected 2021 capital spending program from its previous outlook.
February 16, 2021, 2:50 PM MST
February 16, 2021, 6:25 AM MST
The combined ARC Resources Ltd./Seven Generations Energy Ltd. will become Canada’s third largest natural gas producer, trailing only Tourmaline Oil Corp. and Canadian Natural Resources Limited.
February 11, 2021, 11:05 AM MST
Precision Drilling Corporation completed four rig upgrades in the fourth quarter, including two for the Canadian market and two in the U.S., with the latter enabling a DJ Basin operator to reduce its environmental footprint and time on location, minimizing community impacts.
February 11, 2021, 7:06 AM MST
ARC Resources Ltd. managed to increase its year-over-year average production last year, says top brass, helping to make 2020 one of the company’s best years from an operational and financial performance perspective.
February 11, 2021, 8:59 AM MST