The Alberta Energy Regulator (AER) says demand for diluents means pentanes-plus production is projected to grow over a forecast period to 2031, reaching a high of 483,000 bbls/d by 2031 as producers continue targeting the liquids-rich Montney, Upper Mannville and Duvernay formations.
June 1, 2022, 7:27 AM MDT
Altura Energy Inc. has an active third quarter remaining with a second Leduc-Woodbend well (87.5 per cent working interest) planned for September, with subsequent production in October.
August 26, 2021, 4:49 AM MDT
In what has become a rarity at this year’s virtual annual meetings, junior Altura Energy Ltd. Thursday talked to its shareholders about an early stage medium oil exploration play.
June 5, 2020, 6:21 AM MDT
Vermilion Energy Inc.’s board of directors has approved a 50 per cent reduction in its monthly dividend to $0.115 per share in response to weakness in commodity prices and reduced global economic prospects following the outbreak of the novel coronavirus.
March 6, 2020, 7:23 AM MST
Hemisphere Energy Corporation drilled 11 horizontal oil wells in its Upper Mannville G pool in 2019, which greatly expanded development in the company’s most prolific oil pool.
February 5, 2020, 8:12 AM MST
The uncovering of what Altura Energy Inc. describes as “one of the largest conventional oil pools discovered in the Western Canada Sedimentary Basin within the last 20 years” — under the nose of the Leduc discovery that launched the Alberta oil industry in 1947 no less — was the result of the tenacity of the company’s vice-president of exploration, according to Altura’s president and chief executive officer.
May 18, 2018, 11:03 AM MDT