• Busy Quarter For Saturn

    The third quarter of 2022 was the most active drilling period in Saturn Oil & Gas Inc.’s history.

    November 10, 2022, 12 AM MST

  • Freehold Royalties Reports Hike In Drilling

    Freehold Royalties Ltd. reported 304 gross wells were drilled on its royalty lands in Q3-2022, a 70 per cent increase versus the same period in 2021.

    November 9, 2022, 12 AM MST

  • Obsidian Bumps Up Capital Spending For 2022; Busy Development Program Continues

    Obsidian Energy Ltd. has bumped up its capital expenditure range.

    November 8, 2022, 7 AM MST

  • Third Quarter Results Call Officially Signals The Changing Of The Guard At Baytex

    It was the passing of the torch during Baytex Energy Corp.’s Q3 results conference call Friday, as now retired president and CEO Ed LaFehr delivered the quarterly rundown to analysts for the last time and his successor, Eric Greager, assumed the top role.

    November 7, 2022, 12 AM MST

  • Strong Activity On PrairieSky’s Land Leads To Stellar Operational And Financial Results

    PrairieSky Royalty Ltd. had an “exceptionally busy” quarter across its royalty properties as third-party operators spud 134 per cent more wells on company lands compared to Q2 and a 48 per cent increase compared to the comparative period last year.

    October 25, 2022, 10 AM MDT

  • Whitecap Lays Out 2023 Budget Of $900–$950 Million

    Whitecap Resources Inc. laid out a 2023 capital investment budget of $900–$950 million and average production guidance of 170,000–172,000 boe/d (64 per cent liquids), resulting in significant free funds flow for elevated shareholder returns in 2023, said the company.

    September 28, 2022, 12 AM MDT

  • DOB Land Sale Analysis: Bonanza, Kaybob, Kakwa, Pembina Parcels Highlight Alberta’s Sept. 21 Sale

    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

  • Obsidian In $30.0 Million Term Loan Repayment

    Obsidian Energy Ltd. announced the full repayment of the $30.0 million non-revolving term loan from free cash flow from operations.

    September 13, 2022, 5:57 AM MDT

  • Record Sales, Funds Flow For Saturn

    Saturn Oil & Gas Inc. generated record quarterly petroleum and natural gas sales of $82.2 million on production of 7,324 boe/d.

    August 19, 2022, 12 AM MDT

  • Spartan Delta Activity Focused On Montney For Q2

    Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.

    August 10, 2022, 12 AM MDT

  • 2022 Top Operators Report: Keeping A Cap On Costs

    Improved productivity has kept supply costs stable, but inflation now hitting hard as service companies struggle to find solid ground

    August 4, 2022, 6 AM MDT

  • Tamarack Valley Lifts Capital Budget

    Tamarack Valley Energy Ltd.’s exploration and development capital expenditures for the second half of 2022 have been updated to a range of $160-$170 million, totalling $340-$360 million for the year.

    July 29, 2022, 12 AM MDT

  • Obsidian Records Strong Year-Over-Year Production Gains

    Obsidian Energy Ltd. said its first-half 2022 development program resulted in significant production growth for the company from its Willesden Green, Pembina and Peace River assets.

    July 29, 2022, 12 AM MDT

  • Baytex Operational Highlights: Clearwater Advancing

    In Q2/2022, Baytex Energy Corp. delivered strong operating and financial results and continued to advance its “exciting, new” Clearwater play in northwest Alberta.

    July 27, 2022, 4:10 PM MDT

  • PrairieSky CEO: Fewer M&A Opportunities

    When asked on a Q2 conference call whether M&A opportunities had “thinned out,” Andrew Phillips, president and chief executive officer of PrairieSky Royalty Ltd., agreed.

    July 19, 2022, 7:44 AM MDT

  • Obsidian Energy Extends Syndicated Credit Facility

    Obsidian Energy Ltd. extended its syndicated credit facility to July 29, 2022, to accommodate timing associated with its debt refinancing, and also today issued its preliminary second quarter results.

    July 14, 2022, 5:47 AM MDT

  • Crescent Point Selling Non-Core Viking, East Duvernay Assets

    Crescent Point Energy Corp. has completed the disposition of its non-core Saskatchewan Viking assets which were previously identified as disposition candidates, for total cash consideration of approximately $260 million, prior to closing adjustments.

    July 6, 2022, 2:55 PM MDT

  • Saturn Closes Viking Acquisition And Non-Brokered Private Placement

    Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of assets in the Viking area of west-central Saskatchewan for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of $400,326.

    July 6, 2022, 4:02 PM MDT

  • Obsidian Keeps Developing In The Clearwater; Inflation Pressures Pick Up: AGM

    Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.

    June 17, 2022, 12 AM MDT

  • Obsidian Boosts Guidance

    Obsidian Energy Ltd. boosted guidance following a successful first half program.

    June 16, 2022, 5:36 AM MDT

  • Saturn In Sask. Viking Light Oil Acquisition

    Saturn Oil & Gas Inc. has entered into an arm’s-length definitive agreement to acquire synergistic assets in the Viking area of west-central Saskatchewan for approximately $260 million.

    June 1, 2022, 12 AM MDT

  • Obsidian Extends Credit Facility; Returns To Development Drilling In Viking

    Obsidian Energy Ltd. extended the revolving period in its syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing.

    June 1, 2022, 12 AM MDT

  • Saturn Boosting Capital Spending

    As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.

    May 16, 2022, 7:30 AM MDT

  • Freehold Royalties In U.S. Acquisition

    Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.

    May 10, 2022, 2:38 PM MDT

  • Record Output For Saturn

    Saturn Oil & Gas Inc. reported record production with first quarter 2022 averaging production of 7,499 boe/d compared to 233 boe/d in the first quarter of 2021.

    May 6, 2022, 6:22 AM MDT

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