Western Canada’s oil and gas sector is back on solid footing as higher prices have allowed operators to repair balance sheets and invest in new production, a panel of industry leaders told the audience at the at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.
November 24, 2022, 10:18 AM MST
Enerflex Ltd. will spend the next year repairing its balance sheet, integrating assets from its recent US$735 million acquisition of Houston-based competitor Exterran Corp. and completing three major infrastructure projects, president and chief executive officer Marc Rossiter told analysts at the company’s third quarter 2022 conference call.
November 16, 2022, 10:48 AM MST
Ovintiv Inc.’s full year capital investment is expected to total approximately $1.8 billion, at the high end of the previous capital guidance range.
November 9, 2022, 8:05 AM MST
Ovintiv Inc. is seeing improved operational results across all assets in its portfolio, executive VP and chief operating officer Greg Givens told analysts at its third quarter 2022 conference call.
November 9, 2022, 2:54 PM MST
Freehold Royalties Ltd. reported 304 gross wells were drilled on its royalty lands in Q3-2022, a 70 per cent increase versus the same period in 2021.
November 9, 2022, 12 AM MST
Baytex Energy Corp. now anticipates full-year 2022 exploration and development expenditures of approximately $515 million, up three per cent from the previously targeted $500 million which represented the high-end of the company’s prior guidance range of $450-$500 million.
November 4, 2022, 10:58 AM MDT
ConocoPhillips reported lower earnings for its Canadian segment for the third quarter of 2022.
November 3, 2022, 5:33 AM MDT
Occidental Petroleum Corporation and its subsidiary 1PointFive and King Ranch, a privately-held agricultural production and resource management company, announced a lease agreement to support large-scale direct air capture (DAC) projects for dedicated carbon dioxide (CO2) sequestration on 106,000 acres in Kleberg County, Texas.
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Ovintiv Inc. announced today it has acquired incremental transport to Chicago for its Montney gas, as it continues to employ a strategy of price diversification, to ensure it doesn’t get exposed purely to basin pricing.
August 4, 2022, 10:16 AM MDT
ConocoPhillips’s Canadian unit reported higher earnings for the April-June quarter of 2022.
August 4, 2022, 9:03 AM MDT
Enbridge Inc.’s top executive issued a positive outlook for the future of natural gas/LNG, and his company will be a big part of that by helping to connect supply and demand centres.
July 29, 2022, 8:36 AM MDT
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Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high-quality U.S. mineral title and royalty assets located in the Midland Basin predominantly in Howard County, Texas for $123 million and in the Eagle Ford in Texas for $32 million, both figures net of estimates for exchange rates and customary closing adjustments.
July 7, 2022, 6:16 AM MDT
Cathedral Energy Services Ltd. is continuing its run of acquisitions, announcing this morning that it has entered into an agreement to acquire the directional drilling services business of Altitude Energy Partners, LLC, a portfolio company of Black Bay Energy Capital, LLC, for a purchase price of approximately US$100 million payable in a combination of cash and common shares of Cathedral.
July 4, 2022, 4:53 AM MDT
STEP Energy Services Ltd. says that inflation remains a pressing concern for the company, pointing to the continued need for “pricing adjustments.”
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