Energy Transfer LP and Lotus Midstream LLC have entered into a definitive agreement pursuant to which Energy Transfer will acquire Lotus Midstream Operations, LLC in a transaction valued at approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream (EFM).
March 27, 2023, 5:54 AM MDT
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.
March 2, 2023, 5:24 AM MST
Current weakness in natural gas markets has Ovintiv Inc. shifting capital away from its Anadarko natural gas resource play into its U.S. oil plays and condensate-rich areas of the Montney, chief executive officer Brendan McCracken told analysts Tuesday at the company’s 2022 year-end and fourth quarter conference call.
March 1, 2023, 12 AM MST
High commodity prices resulted in Ovintiv Inc. generating net earnings of $3.6 billion in 2022, with free cash flow of $2.3 billion after capital expenditures of $1.8 billion.
February 28, 2023, 10:17 AM MST
February 28, 2023, 10:54 AM MST
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December 13, 2022, 6 AM MST
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.
November 1, 2022, 12 AM MDT
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