Whitecap Resources Inc. plans to spend $470–$490 million in 2022 and has accelerated its fourth quarter 2021 capital program in light of strong commodity prices and a desire to secure needed services and supplies, the company announced this morning.
October 14, 2021, 11:02 AM MDT
With its dominant land position, deep inventory of high-return wells and the vast majority of its production derived from the Cardium, Obsidian Energy Ltd. is all-in on the west-central Alberta play.
September 14, 2021, 3:59 AM MDT
Saturn Oil & Gas Inc. experienced a “historic quarter” in Q2 2021, says executive management, as the company completed its Oxbow asset acquisition, providing a “substantial platform” for future growth via drilling opportunities and production and production-optimization projects.
August 31, 2021, 11:17 AM MDT
Saturn Oil & Gas Inc. started a three well development drilling program in west-central Saskatchewan.
August 3, 2021, 7:22 AM MDT
As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.
July 28, 2021, 4:20 PM MDT
In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.
May 12, 2021, 7 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 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
The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.
March 29, 2021, 5:57 AM MDT
On Jan. 5, 2021, Freehold Royalties Ltd. closed the acquisition of U.S. royalty properties for US$58 million net.
March 5, 2021, 8:41 AM MST
Tamarack Valley Energy Ltd. continues to be active in the Clearwater play with 12 wells rig released out of a planned 16-well first quarter $18 million program.
March 1, 2021, 12 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Baytex Energy Corp. outlined a 2021 capital budget of $225–$275 million, which is designed to generate free cash flow and average annual production of 73,000 to 77,000 boe/d.
December 2, 2020, 3:24 PM MST
Third quarter activity for Tamarack Valley Energy Ltd. included investment of $10.4 million in exploration and development capital expenditures, directed to the equipping of one (1.0 net) Banff oil well plus continued investment in its Veteran Viking waterflood program with the drilling, completion and tie-in of a six-well pad along with one water source well.
November 11, 2020, 6:37 AM MST
Baytex Energy Corp. has resumed drilling activity in the fourth quarter after two quarters of little to no capital spending in Canada.
November 3, 2020, 11:23 AM MST
There were 44 wells spud (93 per cent oil) on PrairieSky Royalty Ltd. lands during the third quarter with a focus on Viking, Bakken and Leduc units (18 wells), as well as 12 new Viking wells and six new wells in the Clearwater oil play.
October 27, 2020, 7:11 AM MDT
In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.
October 23, 2020, 7:16 AM MDT
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
During the quarter, 170 wells (99 per cent oil) were spud on PrairieSky Royalty Ltd. lands which was ahead of Q4 2019 spuds of 150 wells (99 per cent oil) but below Q1 2019 when 209 wells (93 per cent oil) were spud.
April 21, 2020, 12 AM MDT
Tamarack Valley Energy Ltd. reported stable production for 2019, and slightly lower funds flow for the year.
March 6, 2020, 8:07 AM MST
Freehold Royalties Ltd. expects activity levels will remain strong on its royalty lands in 2020 with activity levels forecast to be similar to 2019.
March 6, 2020, 10:53 AM MST
Baytex Energy Corp. recorded adjusted funds flow of $232 million in the fourth quarter of 2019 and $902 million for the year, resulting in free cash flow of $73 million and $329 million respectively.
March 4, 2020, 11:19 AM MST
Inter Pipeline Ltd. has spent $2.2 billion on the Heartland Petrochemical complex — including $1.2 billion in 2019 in what CEO Christian Bayle said was an ‘capital intensive’ year for the company.
February 24, 2020, 12 AM MST
PrairieSky Royalty Ltd. saw less drilling on its lands in the fourth quarter.
February 11, 2020, 8:14 AM MST