Whitecap Resources Inc. is using a variety of techniques including extended reach horizontal wells, multilateral wells, and open hole completions to improve productivity at its light oil assets stretching from southeast Saskatchewan to central Alberta, its East Division vice-president Chris Bullin said at the company’s third quarter 2023 conference call and 2024 budget forecast.
October 27, 2023, 7:48 AM MDT
The number of wells drilled in Western Canada is expected to increase by 12 per cent to 6,180 in 2023 (2022: 5,500) and total metres drilled by 14 per cent to 20 million (2022: 17.5 million), says Enserva.
June 14, 2023, 8:04 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
Crescent Point Energy Corp. reported a slight increase in Q3 output as it continues to generate strong operational results in its Kaybob Duvernay play, resulting in attractive asset level returns.
October 26, 2022, 11:28 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
When Baytex Energy Corp. entered the Pembina Duvernay in 2018 following its strategic combination with Raging River Exploration Inc., the play was well down the list of priorities for the newly-merged entity as it focused on more mature assets like the Viking and Eagle Ford.
March 2, 2022, 5:34 AM MST
Whitecap Resources Inc. closed the acquisition of a private company in southeast Saskatchewan for $67 million.
October 28, 2021, 7:20 AM MDT
Crescent Point Energy Corp. is focusing on improving the company’s economics in the Kaybob Duvernay play, which it says are already highly competitive.
October 28, 2021, 11:22 AM MDT
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Crescent Point Energy Corp. has set its 2020 capital expenditure budget at $1.10-$1.20 billion, down from $1.25 billion in spending last year.
January 14, 2020, 9:40 AM MST
Do not expect a dramatic uptick in land sale revenues in Western Canada in 2020, say experts.
January 10, 2020, 8:05 AM MST
The Sparky core area will be the focus for Surge Energy Inc. which plans to drill 56 wells in 2020 within a capital expenditures budget of $98.5 million, down from $135 million this year.
December 13, 2019, 9:46 AM MST
Surge Energy Inc. says its large original oil in place, light and medium gravity crude oil asset base continues to outperform management's expectations in the third quarter of 2019.
November 5, 2019, 9:32 AM MST
Whitecap Resources Inc. has entered a joint venture with a progressive private company with a large land footprint in the oil-rich Montney window in the Deep Basin.
October 31, 2019, 10:43 AM MDT
Whitecap Resources Inc. is on track to achieve its targeted production for the year despite spending less capital.
October 31, 2019, 3:28 PM MDT
With an active drilling rate that hovered around the 25 per cent mark for the majority of the first half 2019, it came as no surprise that drilling programs were measured and deferred.
August 26, 2019, 10 AM MDT
Surge Energy Inc.’s second quarter production and adjusted funds flow came in higher than analyst estimates and the company's bank debt, net debt, operating expenses, transportation expenses and general and administrative costs all came in lower than budgeted expectations.
August 12, 2019, 12 AM MDT
Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.
August 1, 2019, 10:10 AM MDT
Crescent Point Energy Corp. spent over $1 billion on development capital expenditures in last year’s first half, but its spending in the first six months of 2019 is down close to 50 per cent from a year ago.
July 25, 2019, 11:17 AM MDT
Crescent Point Energy Corp.’s commitment to change was such a key theme at Friday’s annual general meeting, president and CEO Craig Bryksa made a point of saying twice to shareholders the following statement:
June 17, 2019, 10:17 AM MDT
Crescent Point Energy Corp. continues to focus on balance sheet improvement through disciplined capital allocation, cost reductions and increased cash flow generation, executives with the company said this morning.
May 9, 2019, 11:23 AM MDT
For the first three months of 2019, 147 (7.3 net) wells were drilled on Freehold Royalties Ltd. royalty lands, down 38 per cent on a gross measure but up 14 per cent on a net measure versus the same period in 2018.
May 8, 2019, 12 AM MDT
Surge Energy Inc. has been active with its ongoing crude oil and WCS differential hedging strategy designed to protect the capital program and Surge's annual dividend.
May 7, 2019, 8:04 AM MDT
Whitecap Resources Inc. announced a 5.6 per cent increase to its monthly dividend.
May 1, 2019, 6:33 AM MDT