Spirit River

  • Peyto’s New Well Design A ‘Real Game-Changer’; Company Had Active Q1 Drilling Program

    Peyto Exploration & Development Corp.’s technical team has recently conducted an internal evaluation of the company’s successful 2020 drilling program which yielded above average returns and record capital efficiency and a portion of that success was the result of longer horizontal laterals and improved stimulation intensity.

    May 13, 2021, 11:14 AM MDT

  • Spartan Delta Second Half Program Focused On Montney, Spirit River, Cardium

    Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.

    May 11, 2021, 7:57 AM MDT

  • Baytex Boosts 2021 Capex, Reflecting Strengthening Of Commodity Pricing

    Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.

    April 30, 2021, 10:46 AM MDT

  • 100 Wells Spud On PrairieSky Lands During Q1 2021

    First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.

    April 19, 2021, 2:34 PM MDT

  • Spartan Delta Q1 Output Tops 31,000 Bbls/d

    Spartan Delta Corp.'s first quarter average production was 31,500 boe/d, based on field estimates.

    April 15, 2021, 7:33 AM MDT

  • Spartan Delta’s Capital Program Focused On ‘Drill-Ready’ Development

    Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.

    March 12, 2021, 5:54 AM MST

  • Things Are Looking More Positive For Canadian Natural Gas Producers, At Least In The Short Term

    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

  • PrairieSky Acquires Large Royalty Portfolio; Hikes Dividend

    PrairieSky Royalty Ltd. is acquiring a large royalty portfolio, which will consolidate a significant fee mineral title position in Western Canada.

    February 8, 2021, 2:43 PM MST

  • Spartan Delta Firms Up Capital Guidance

    Spartan Delta Corp. firmed up its capital spending guidance for 2021 to $43 million from a previous range of $40 million-$43 million.

    January 6, 2021, 6:09 AM MST

  • Peyto ‘Contemplating’ $300-$350-Million 2021 Capital Program, Operationally Strong Q3 Performance

    While specifics of its 2021 budget are not yet finalized, Peyto Exploration & Development Corp.’s president and CEO says the company is currently considering a 2021 capital program of $300-$350 million which would be funded entirely from free cash flow.

    November 12, 2020, 10:47 AM MST

  • Spartan Delta Outlines 2021 Capex Of $40-$43MM

    Spartan Delta Corp.’s capital expenditures are budgeted to be $40 – $43 million in 2021 and are expected to be fully funded by cash provided by operating activities.

    November 5, 2020, 6:29 AM MST

  • Spartan Completes Transaction In Q2, Prepares Drilling Program For Q4

    Following the closing of what it called a “transformational acquisition” in the second quarter, Spartan Delta Corp. is aiming to capitalize on both organic growth and strategic acquisitions.

    August 20, 2020, 9:42 AM MDT

  • Peyto Is Running Four Rigs; Company Experiences Rainy Weather In Q2

    Peyto Exploration & Development Corp. currently has four drilling rigs doing the job of three — operating intermittently in the Greater Sundance and Brazeau core areas. Those rigs could drill 40-per-cent more wells than is planned for 2020, and the company expects them to be at full utilization in 2021 with an expanded capital program.  

    August 13, 2020, 11:05 AM MDT

  • Peyto Looks To Fill Vacant Space At Its Natural Gas Plants With Third-Party Volumes

    When it comes to its nine natural gas plants connected with an extensive pipeline network, Peyto Exploration & Development Corp.’s focus of late has been on attracting nearby third-party volumes, says the chief operating officer.

    July 10, 2020, 7:20 AM MDT

  • Spartan Delta Current Output At 26,000 Boe/d

    Spartan Delta Corp.’s current production is estimated at  26,000 boe/d, primarily from the Ferrier and Willesden Green areas, compared to 25,000 boe/d (30 per cent oil and natural gas liquids) estimated at the time of closing the Bellatrix Exploration Ltd. transaction five weeks ago.

    July 6, 2020, 5:59 AM MDT

  • Peyto Pooling Hearing Cancelled

    The Alberta Energy Regulator (AER) has cancelled a public hearing on an application from Peyto Exploration and Development Corp. for a pooling order in the Sundance area in northwest Alberta

    June 3, 2020, 9:02 AM MDT

  • Peyto’s Q1 Efforts Focused On Adjusting To COVID-19 Impacts, Altering Drilling Plans

    Peyto Exploration & Development Corp. says preparation for and reaction to the sweeping global pandemic dominated the first quarter of 2020 and forced the company to reduce spending and alter its drilling plans.

    May 13, 2020, 11:16 AM MDT

  • Peyto Incurs Rare Q1 Loss, First Ever Impairment Charges

    Peyto Exploration & Development Corp. incurred a rare first quarter net loss and reduced output as the double impact of COVID-19 related demand destruction and an exceedingly weak commodity price environment battered the bottom line and negatively affected operations.

    May 13, 2020, 11:34 AM MDT

  • Public Hearing Planned On Peyto Pooling Application

    The Alberta Energy Regulator (AER) will hold a public hearing on an application from Peyto Exploration & Development Corp. under the Oil and Gas Conservation Act for a compulsory pooling order for the production of gas and associated petroleum products in a drilling spacing unit in 35-55-22W5.

    April 28, 2020, 7:11 AM MDT

  • Peyto Boosts Liquids Production In 2019

    Liquids production at Peyto Exploration & Development Corp. was up 13 per cent for the year and nine per cent in the fourth quarter despite lower total production as the company reported its 20th consecutive year of profitability.

    March 5, 2020, 11:33 AM MST

  • Bellatrix Shares Delisted From TSX

    Bellatrix Exploration Ltd. said that on Nov. 8, 2019, the Toronto Stock Exchange (TSX) delisted the common shares of Bellatrix as a result of the company’s initiation of creditor protection proceedings, as previously announced on Oct. 2, 2019.  

    November 14, 2019, 10:33 AM MST

  • Bellatrix Hoping To Drill Spirit River Wells In Q4

    Depending on prices, Bellatrix Exploration Ltd. is looking at going back into the field by the end of September to drill two to five net wells at its Spirit River liquids-rich natural gas play, says its chief executive.

    August 8, 2019, 11:03 AM MDT

  • New Technology Plays Offer Growth Opportunity In New Era Of Capital Flexibility

    IHS Markit is forecasting 40 per cent production growth in light oil production in the next three to five years that will come not from the usual suspects — like the Montney, Duvernay and Spirit River — but from surprisingly profitable plays flying under the radar.

    June 5, 2019, 6 AM MDT

  • Bellatrix Continues To Focus On Lowering Costs, Records Q1 Net Loss

    Bellatrix Exploration Ltd. says it continues to focus on improving capital efficiencies from its invested capital through the combination of reduced capital costs and improved well performance.

    May 17, 2019, 6 AM MDT

  • Regulatory Challenges, Pipeline Egress, Weigh On Natural Gas Prices: Bonavista CEO

    While Bonavista Energy Corporation is a strong believer in the long-term future of natural gas, the next couple of years could be rough, the company’s chief executive warned Thursday.

    May 3, 2019, 12 AM MDT

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