An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Peyto Exploration & Development Corp.’s funds from operations surged 121 per cent in 2021 to $470 million in due to higher realized commodity prices and higher production.
March 9, 2022, 4:34 PM MST
Baytex Energy Corp. delivered strong Q4 and full-year 2021 operating and financial results and continued to advance its new Clearwater play in northwest Alberta with four of the highest initial rate wells drilled to date in the play.
February 25, 2022, 9:51 AM MST
Spartan Delta Corp. has increased its capital spending forecast.
February 15, 2022, 3:48 PM MST
Alberta’s Wednesday land sale brought $12.46 million into government coffers.
February 10, 2022, 7 AM MST
PrairieSky Royalty Ltd. reported an “exceptional year” for its business in 2021, says executive management, and the firm expects 2022 will be an active year in Canadian energy including through drilling activity on its properties.
February 8, 2022, 8:29 AM MST
Deep Basin operators are shifting activity from the liquids-rich Cardium formation to the more productive Spirit River formation as optimism grows that higher natural gas prices are sustainable, according to a new report by the Daily Oil Bulletin.
January 17, 2022, 9:48 AM MST
Freehold Royalties Ltd.’s board has declared a dividend of six cents per share to be paid on Dec. 15, 2021 to shareholders of record on Nov. 30, 2021.
November 11, 2021, 6:32 AM MST
Peyto Exploration & Development Corp. says a steady stream of drilling and completion activity throughout the third quarter in its Deep Basin core areas resulted in continuous production growth from 86,500 boe/d at the start of July to 94,000 boe/d by the end of September.
November 10, 2021, 11:19 AM MST
Obsidian Energy Ltd. has two drilling rigs active in its Cardium asset.
October 28, 2021, 12 AM MDT
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT
Obsidian Energy Ltd. has two drilling rigs active in its Cardium asset as it continues with its second-half program.
September 15, 2021, 6:53 AM MDT
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 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 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
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 Corp.'s first quarter average production was 31,500 boe/d, based on field estimates.
April 15, 2021, 7:33 AM MDT
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
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 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 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
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 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
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 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