Spirit River Group

  • 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

  • Bellatrix Production Down Year-Over-Year, Spirit River Program Excelling

    Bellatrix Exploration Ltd.’s production volumes in the fourth quarter of 2018 averaged 35,001 boe/d (71 per cent natural gas weighted), up four per cent from third quarter 2018 volumes of 33,530 boe/d but down from Q4 2017 volumes of 37,077 boe/d.

    March 15, 2019, 3:47 AM MDT

  • Spending On PrairieSky’s Asset Base Increased In 2018

    PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.

    February 12, 2019, 8:05 AM MST

  • Bellatrix To Focus On Liquids Development In Fourth Quarter

    Natural gas weighted Bellatrix Exploration Ltd. says the remainder of its 2018 capital program will stay flexible and will focus on development of the Spirit River liquids-rich natural gas play and higher liquids weighted opportunities in the Cardium.

    November 5, 2018, 8:21 AM MST

  • Improved NGL Prices Support Bonavista Revenues

    A continued focus on liquids-rich development and consistent ethane recovery increased Bonavista Energy Corporation’s production weighting of oil and natural gas liquids to 30 per cent of total output in the third quarter of 2018, up from 26 per cent in the second quarter of this year.

    November 5, 2018, 10:50 AM MST

  • Alta. Land Sale Draws $25.44 Million, Driven By Duvernay

    The Alberta government generated $25.44 million in bonus bids on Wednesday, with large Duvernay parcels central to the auction, which is a recurring theme.

    August 23, 2018, 7:42 AM MDT

  • Bellatrix Reducing Capex Guidance As Improvements Made On Spirit River Well Costs

    Bellatrix Exploration Ltd.’s Spirit River wells continue to outperform budget expectations, resulting in lower sustaining capital requirements for the remainder of 2018.

    August 3, 2018, 8:45 AM MDT

  • How Husky Avoided Rail, Wide Differentials In Q1

    In the first quarter of this year, many Canadian heavy crude producers paid a premium to ship by rail. Others had to shut in production.

    June 4, 2018, 10:56 AM MDT

  • Bellatrix Curtails Gas Production In Response To Low AECO Prices

    June 4, 2018, 8:50 AM MDT

  • Bellatrix Reduces Spirit River Well Costs

    May 9, 2018, 11:36 AM MDT

  • Bellatrix Reduces Capex Budget

    Bellatrix Exploration Ltd. is reducing its expected capital expenditure budget for 2018 to a range of $55 million to $60 million (down from a range of $65 million to $80 million), which lowers annual average production guidance by 1,000 to 1,500 boe/d.

    April 3, 2018, 7:01 AM MDT