Saturn Oil & Gas Inc. is currently exploiting its deep inventory of light oil development projects in both Alberta and Saskatchewan, with one rig drilling full time in each province.
August 15, 2023, 9:20 AM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
During the first half of 2023, the potential of Obsidian Energy Ltd.’s Walrus acreage was effectively delineated for future large-scale development.
August 2, 2023, 6:32 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
Frack sand prices have risen steadily in recent quarters and are likely to remain strong for proppant-intensive plays such as the Montney, Duvernay and even the Deep Basin, says Rystad Energy AS senior analyst Mark Quesada.
July 25, 2023, 6:56 AM MDT
PrairieSky Royalty Ltd. reported record quarterly average oil royalty production in the second quarter with most of the growth focused on three oil bearing plays.
July 18, 2023, 8:45 AM MDT
The number of wells drilled in Western Canada is expected to increase by 12 per cent to 6,180 in 2023 (2022: 5,500) and total metres drilled by 14 per cent to 20 million (2022: 17.5 million), says Enserva.
June 14, 2023, 8:04 AM MDT
At the May 31 land sale, the province sold 44,000 hectares of P&NG leases and licences bringing in $11.02 million. Additionally, 8,448 hectares of oilsands leases sold for $10.42 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $219.29 million.
June 5, 2023, 10:18 AM MDT
As of May 29, 2023, all 11 (11.0 net) Viking wells drilled during Obsidian Energy Ltd.’s first half 2023 development program are onstream.
June 1, 2023, 12 AM MDT
Saturn Oil & Gas Inc. reported record average production for the quarter of 17,783 boe/d (88 per cent oil and NGLs) in 2023, representing an increase of 137 per cent compared to 7,499 boe/d (95 per cent oil and NGLs) in the first quarter of 2022.
May 17, 2023, 8:34 AM MDT
Higher well completions activity in Western Canada, combined with improved coiled tubing activity across it core areas, resulted in STEP Energy Services Ltd. reporting record revenues in the first quarter of 2023.
May 11, 2023, 10:21 AM MDT
In total, 349 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in Q1-2023, a 43 per cent increase versus the same quarter in 2022.
May 10, 2023, 3:45 PM MDT
Baytex Energy Corp. reported strong results from its Peavine Clearwater development during the first quarter, and is also encouraged by a Clearwater equivalent test well at Morinville as well as early results in the Duvernay.
May 5, 2023, 11:20 AM MDT
Obsidian Energy Ltd. says its active first quarter 2023 capital development continued the momentum from its 2022 program, resulting in drilling results with strong initial production (IP) rates.
May 4, 2023, 7:18 AM MDT
In the April 19 land sale, the province sold 66,480 hectares of P&NG leases and licences bringing in $12.40 million. In addition, 2,048 hectares of oilsands leases sold for $0.29 million.
April 24, 2023, 6 AM MDT
Strong and steady drilling activity on its royalty lands helped PrairieSky Royalty Ltd. to another strong quarter and led to the company posting its sixth consecutive quarter of record third-party leasing.
April 18, 2023, 8:56 AM MDT
Saturn Oil & Gas Inc. reported record production and matched corporate guidance with a fourth quarter 2022 average of 12,514 boe/d (96 per cent oil and NGL), compared to 7,279 boe/d (95 per cent oil and NGL) in the fourth quarter of 2021, an increase of 72 per cent.
March 30, 2023, 10:05 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
Saskatchewan’s oilpatch was hit hard by the COVID-19 pandemic and subsequent oil price crash in early 2020, with production declining by almost 70,000 bbls/d by year-end as wells were shut-in and field activity collapsed.
March 13, 2023, 12 AM MDT
In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.
March 2, 2023, 12 AM MST
Four months into his tenure as the president and CEO of Baytex Energy Corp., Eric Greager says he’s gotten the lay of the land and developed a strong sense of what the path forward will be for the oil-weighted producer under his leadership.
February 27, 2023, 9:17 AM MST
Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
In 2022, Obsidian Energy Ltd. undertook the largest development program in several years.
February 23, 2023, 6:43 AM MST
It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.
February 6, 2023, 2:24 PM MST