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
With an active drilling rate that hovered around the 25 per cent mark for the majority of the first half 2019, it came as no surprise that drilling programs were measured and deferred.
August 26, 2019, 10 AM MDT
The oil and gas industry in Canada is founded upon a tremendous history of exploration, beginning in the mid-19th century in southern Ontario and expanding across the country throughout the 20th century.
August 20, 2019, 7:27 AM MDT
Saturn Oil and Gas Inc.’s second-half 2019 drilling program focuses on increasing production and reserves from the Viking light oil play in west-central Saskatchewan.
August 19, 2019, 9:42 AM MDT
Tamarack Valley Energy Ltd.’s Q2 production averaged 24,090 boe/d (63 per cent oil and NGL weighting), four per cent higher than the previous quarter, and one per cent higher than in Q2 2018, and reflected the company's compliance with the production curtailment order imposed by the Alberta government.
August 9, 2019, 12 AM MDT
Inter Pipeline Ltd. says it has received commercial support for the construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems.
August 7, 2019, 12 AM MDT
More than half the wells drilled on Freehold Royalties Ltd.’s lands were in Saskatchewan and Manitoba in the first six months of the year.
August 7, 2019, 12 AM MDT
Baytex Energy Corp. continues to find success in the East Duvernay shale, solidifying the Pembina area as a highly prospective region for the company, says chief executive Ed LaFehr.
August 2, 2019, 10:01 AM MDT
Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.
August 1, 2019, 10:10 AM MDT
Drilling activity on PrairieSky Royalty Ltd.’s lands was down in the second quarter while production was essentially flat year-over-year.
July 23, 2019, 8:13 AM MDT
Obsidian Energy Ltd. is continuing to focus on the Cardium with a recent deal to sell its stake in the Peace River Oil Partnership (PROP) while actively marketing its Alberta Viking assets.
June 6, 2019, 8:55 AM MDT
A $30 million investment in 2018 in a waterflood at Tamarack Valley Energy Ltd.’s Viking light oil play at Veteran in central Alberta should pay dividends next year, shareholders heard Monday.
May 14, 2019, 6 AM MDT
Tamarack Valley Energy Ltd. will re-evaluate its capital allocation strategy in the second half of 2019 to determine whether changes are required to its original capital budget of $170 to $180 million based on the status of the curtailment order and the commodity price outlook.
May 10, 2019, 7:30 AM MDT
For the first three months of 2019, 147 (7.3 net) wells were drilled on Freehold Royalties Ltd. royalty lands, down 38 per cent on a gross measure but up 14 per cent on a net measure versus the same period in 2018.
May 8, 2019, 12 AM MDT
Whitecap Resources Inc. announced a 5.6 per cent increase to its monthly dividend.
May 1, 2019, 6:33 AM MDT
PrairieSky Royalty Ltd.’s first quarter royalty production decreased slightly to 22,007 boe/d from 23,536 boe/d as reduced lessee capital spending and the effects of the Alberta government’s mandatory production cuts affected volumes.
April 23, 2019, 8:53 AM MDT
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
April 12, 2019, 11:14 AM MDT
Freehold Royalties Ltd. experienced an uptick in activity on its royalty lands in 2018 with producers increasing their focus on oil targets.
March 8, 2019, 8:57 AM MST
Baytex Energy Corp. replaced 106 per cent of total production in 2018, adding 31 million boe of proved plus probable gross reserves through development activities.
March 7, 2019, 6 AM MST
Saturn Oil + Gas Inc.’s Q1 2019 capital expenditure budget is set at $10 million, to be allocated to drilling, completion, equip and tie-in of approximately nine gross (9.0 net) wells.
March 7, 2019, 6:21 AM MST