• PrairieSky’s Increased Royalty Land Leasing And Activity ‘Encouraging’: CEO

    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

  • Record Output For Saturn

    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

  • Western Saskatchewan Tight Oil Plays Slow To Recover

    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 Slowly Recovering From Pandemic Lows

    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

  • Freehold Reports Higher Drilling Activity For 2022

    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

  • New CEO Greager Outlines Baytex’s Strategy, Approach Going Forward

    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 CEO Says 2022 Was An ‘Exciting Year’ As The Company Posts Strong Results

    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

  • Obsidian Funds Flow Surges As Company Completes Active 2022

    In 2022, Obsidian Energy Ltd. undertook the largest development program in several years.

    February 23, 2023, 6:43 AM MST

  • Busy Quarter On PrairieSky Land As Spuds Increase

    It was another active quarter for third-party operators across PrairieSky Royalty Ltd.’s royalty properties.

    February 6, 2023, 2:24 PM MST

  • Obsidian Plans To 'Moderate' 2023 Capital Expenditure Program

    Obsidian Energy Ltd. is planning $260–$270 million in capital expenditures for development and exploration/appraisal activities in 2023, plus an additional $26–$28 million in decommissioning expenditures that accelerates its asset retirement obligations.

    January 31, 2023, 8:20 AM MST

  • Obsidian Announces Significant 2022 Reserves Value Increase

    Obsidian Energy Ltd. reported a substantial increase in its reserve values and volumes for 2022 over 2021, replacing reserves across all categories.

    January 31, 2023, 9:11 AM MST

  • DOB Land Sale Analysis: Ante Creek, Smoky, Marsh And Columbia Parcels Highlight Alberta’s Jan. 11 Sale

    In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.

    January 16, 2023, 12 AM MST

  • Obsidian Rig Releases 14 Additional Wells

    Since the end of the third quarter, Obsidian Energy Ltd. rig released an additional 14.0 wells (13.4 net), including four Cardium wells (4.0 net) in Willesden Green, three Cardium wells (2.9 net) and one vertical Devonian well (0.5 net) in Pembina, and five Bluesky wells (5.0 net) and one Clearwater well (1.0 net) in Peace River.

    December 16, 2022, 6:59 AM MST

  • 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

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