June 25, 2020, 8:24 AM MDT
Calfrac Well Services Ltd. posted a loss of $122.86 million in the first quarter of 2020 as revenue fell 36 per cent to $305.52 million from $475.01 million amid a slowdown in the global economy from COVID-19 and the effects of the price war on the oil industry.
June 25, 2020, 11:22 AM MDT
Cold Bore Technology Inc. today outlined results from a partnership with Permian-based oil and gas producer, Hibernia Resources.
June 23, 2020, 9:35 AM MDT
June 17, 2020, 10:08 AM MDT
Parsley Energy Inc. has digitized its entire completion operations with Cold Bore Technology Inc.’s SmartPAD operating system after recording an efficiency increase of 22 per cent through optimized operations in the first quarter.
June 16, 2020, 11:37 AM MDT
June 12, 2020, 12 AM MDT
Global natural gas production continued to climb at a rapid pace, up by three per cent in 2019, surpassing the four tcm mark for the first time in history, the International Energy Agency (IEA) reported.
June 10, 2020, 5:11 AM MDT
Although Birchcliff Energy Ltd. slashed its 2020 capital budget by 19 per cent in March, the natural gas-weighted producer has no plans to enact further cuts as it looks to set itself up to take advantage of better industry conditions it believes will transpire later this year and into 2021.
May 27, 2020, 12 AM MDT
While the challenges facing Canada’s energy sector are vast and currently unrelenting as industry continues to navigate through the fallout from the COVID-19 crisis, western Canadian natural gas-weighted companies are faring better — in relative terms — than their crude producing brethren.
May 25, 2020, 6:11 AM MDT
May 21, 2020, 9:06 AM MDT
May 19, 2020, 8:28 AM MDT
Using mobile apps that enable trucking companies, carriers and shippers to share risk and minimize empty backhauls in oilfield services simply makes sense, say some tech-savvy solution providers.
May 11, 2020, 12 AM MDT
Ovintiv Inc. continues to manage operations through capital expenditure reduction, cost efficiencies, shutting-in production and protecting its balance sheet and is well positioned to hit the ground running once the COVID-19 induced market chaos begins to subside, says CEO Doug Suttles.
May 8, 2020, 11:26 AM MDT
Despite a precipitous drop in commodity prices in the second half of the quarter, Ovintiv Inc. delivered strong Q1 results driven by higher than budgeted production and a continued focus on cost reductions.
May 8, 2020, 11:35 AM MDT
May 6, 2020, 7:56 AM MDT
May 5, 2020, 11:06 AM MDT
It was a short and not very sweet annual meeting Tuesday for Calgary-based Wesern Energy Services Corp., held in a virtual formal, given the COVID-19 requirements limiting large gatherings.
April 29, 2020, 7:07 AM MDT
While there have been plenty of downturns before, global crude markets have never experienced the kind of “dramatic shift over such a short time frame” as has been witnessed in the current event, making for a “truly unprecedented” time of challenge for the sector, says a Sproule Associates Ltd. official.
April 28, 2020, 12 AM MDT
The current crude environment of oversupply and a vast reduction in demand has resulted in a “total reset” for the U.S. market and will affect three plays recently evaluated by Sproule Associates Ltd. differently, the firm says.
April 28, 2020, 12 AM MDT
North Dakota’s Bakken formation, the Permian Basin and the Eagle Ford shale are home to some of North America’s lowest cost oil producers according to the latest data from Evaluate Energy.
April 15, 2020, 7:55 AM MDT
March 24, 2020, 7:56 AM MDT
March 20, 2020, 8:17 AM MDT
March 17, 2020, 7:56 AM MDT
March 16, 2020, 8:37 AM MDT
Ovintiv Inc. announced plans to immediately reduce second quarter 2020 capital investments by $300 million and full year cash costs by $100 million.
March 12, 2020, 12:27 PM MDT