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
Do not expect a dramatic uptick in land sale revenues in Western Canada in 2020, say experts.
January 10, 2020, 8:05 AM MST
During the last half of December, Saturn Oil & Gas Inc. brought on production four (4.0 net) extended-reach horizontal (ERH) Viking light oil wells, which led to a strong 2019 exit rate.
January 9, 2020, 7:06 AM MST
Inter Pipeline Ltd. outlined a $1.2 billion capital expenditure program for 2020.
December 5, 2019, 3:25 PM MST
Baytex Energy Corp. announced a 2020 capital budget of $500 to $575 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d.
December 5, 2019, 12 AM MST
Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.
November 14, 2019, 8:28 AM MST
Gibson Energy Inc. continues to progress several major growth projects within its Infrastructure segment, including advancing the construction of seven tanks, or 3.5 million bbls of storage, representing a 35 per cent expansion at the company’s Hardisty Terminal.
November 5, 2019, 3:24 PM MST
Baytex Energy Corp. says that given its strong year-to-date operating performance, the company now expects to exceed its 2019 full-year annual production guidance.
November 1, 2019, 10:17 AM MDT
Whitecap Resources Inc. is on track to achieve its targeted production for the year despite spending less capital.
October 31, 2019, 3:28 PM MDT
PrairieSky Royalty Ltd. saw a drop in activity on its lands in the third quarter with 190 wells spud, a 21 per cent reduction from 242 wells during the same period last year.
October 29, 2019, 8:27 AM MDT
Saturn Oil & Gas Inc. has kicked off a four-well drilling program for the fourth quarter of 2019.
October 29, 2019, 3:19 PM MDT
Saturn Oil + Gas Inc.’s second-half 2019 drilling program exceeded expectations with strong volumes achieved from four (4.0 net) extended-reach horizontal Viking light oil wells completed and brought online in early September.
October 17, 2019, 9:54 AM MDT
Construction is underway on a new pipeline giving optionality to producers on the Alberta side of the Viking light oil play, where production is growing and economics are top-tier.
September 26, 2019, 12 AM MDT
While Canadian heavy oil is still Baytex Energy Corp.’s third priority for capital investment after the Eagle Ford and Saskatchewan Viking, its potential contribution shouldn’t be counted out, says the company’s chief executive.
September 12, 2019, 8:19 AM MDT
Saturn Oil + Gas Inc. increased its land position by acquiring 6.75 sections of land in the Viking play in Saskatchewan in the second quarter of 2019.
August 29, 2019, 9:48 AM MDT