In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
Canadian Natural Resources Limited continues to fine-tune its Montney and Deep Basin programs, efforts which have led to reduced costs and increased productivity, according to the company’s chief operating officer, exploration and production.
December 6, 2022, 10:56 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
Spartan Delta Corp. has started a formal process to evaluate strategic repositioning alternatives in an effort to enhance shareholder value.
November 30, 2022, 6:05 AM MST
The province sold 11,491.6 hectares of P&NG leases and licences in the Nov. 16 land sale bringing in $11.68 million. Additionally, 7,616 hectares of oilsands leases sold for $2.29 million. This brings the total cumulative bonus paid to-date in Alberta to $429.2 million.
November 21, 2022, 6 AM MST
The province sold 35,527.2 hectares of P&NG leases and licences in the Nov. 2 land sale bringing in $20.22 million. Additionally, 13,385.01 hectares of oilsands leases sold for $2.1 million. This brings the total cumulative bonus paid to-date in Alberta to $415.2 million.
November 7, 2022, 6 AM MST
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
The province sold 24,675 hectares of P&NG leases and licences in the August 24 land sale that brought in $6.86 million. Additionally, 5,376 hectares of oilsands leases sold for $2.74 million. This brings the total cumulative bonus paid to-date in Alberta to $286.73 million.
August 29, 2022, 9:31 AM MDT
Kelt Exploration Ltd.'s average production for the three months ended June 30, 2022 was 27,713 boe/d, up 41 per cent from average production of 19,592 boe during the corresponding period in 2021 and up one per cent from average production of 27,413 boe during the first quarter of 2022.
August 4, 2022, 5:24 AM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
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