Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.
February 27, 2019, 11:41 AM MST
PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
STEP Energy Services (STEP) says its newly commissioned fracturing spread, the STEP-XPRS, recently marked its maiden voyage as it travelled to a three-well pad for a client in the Viking formation.
January 31, 2019, 6:42 AM MST
A capital budget of $170 million to $180 million provides for the drilling of 125 net light oil wells in 2019, says Tamarack Valley Energy Ltd.
January 15, 2019, 10:51 AM MST
Whitecap Resources Inc. has a 2019 capital budget of $425-$475 million for 2019 that includes the drilling of 220 (191.5 net) horizontal wells.
December 18, 2018, 11:10 AM MST
Baytex Energy Corp. announced this morning it plans to increase 2019 exploration and production capital spending to $550-$650 million from this year’s anticipated spending of $450-$500 million.
December 17, 2018, 8:42 AM MST
Saturn Oil & Gas Inc. was the top purchaser of acreage in the Kindersley-Kerrobert area at the recent Crown land sale on Dec. 4, 2018.
December 10, 2018, 9:05 AM MST
By increasing its enhanced oil recovery (EOR) in southeast Saskatchewan, Vermilion Energy Inc. hopes to boost oil production.
November 28, 2018, 8:39 AM MST
Although Obsidian Energy Ltd. has no ongoing development program for its Viking and Peace River assets, it is actively looking at commercialization and alternative commercial arrangements, analysts heard at its recent investment day.
November 19, 2018, 7:12 AM MST
Saturn Oil & Gas Inc. said that with the success of the recent drill program, the company has achieved a production rate of 1,000 bbls/d.
November 19, 2018, 8:15 AM MST
Tamarack Valley Energy Ltd. achieved record production in the third quarter of 2018 as the company increased its oil and natural gas liquids weighting by 12 per cent.
November 9, 2018, 3:34 AM MST
Whitecap Resources Inc. posted record production for the second consecutive quarter in 2018 despite the historic price differential for light and heavy crude oil in Canada.
November 2, 2018, 12 AM MDT
Saskatchewan’s October public offering of Crown petroleum and natural gas rights generated $2.13 million in revenue for the province, largely on the strength of continued interest in the Kindersley area.
October 5, 2018, 10:14 AM MDT
Tamarack Valley Energy Ltd. has reported that due to exceptional 2018 drilling results, current production is ahead of forecast and as a result it has increased its annual and exit production for the second time.
September 20, 2018, 9:08 AM MDT
Saturn Oil & Gas Inc. has entered into a US$20 million senior secured revolving note facility with Prudential Capital Energy Partners, the middle-market energy mezzanine fund business sponsored by Prudential Capital Group.
September 14, 2018, 11:47 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
Saturn Oil & Gas Inc. has commenced completions operations on the previously announced (Viking and Success horizontal drill program.
August 2, 2018, 11:03 AM MDT
Raging River Exploration Inc. continues to “prudently and methodically” advance the evaluation of the emerging Duvernay light oil play in central Alberta.
August 1, 2018, 3:11 AM MDT
After a better than expected operational performance in the second quarter, Whitecap Resources Inc. is increasing its annual production guidance for 2018 to 74,000 –75,000 boe/d from previous guidance of 73,600 – 74,800 on an unchanged development capital program of $450 million.
August 1, 2018, 10:23 AM MDT
Weak natural gas pricing and volumes weighed on PrairieSky Royalty Ltd. results for the second quarter and first half of 2018, leading to lower revenues, funds from operations and earnings than in the comparable 2018 periods.
July 24, 2018, 9:08 AM MDT
Saturn Oil & Gas Inc. has commenced drilling operations for its Q3 2018 horizontal drill program.
July 16, 2018, 8:02 AM MDT
June 4, 2018, 8:32 AM MDT
Overall, non-oilsands drilling activity in the Western Canadian Sedimentary Basin has dropped this year, with almost 10 per cent fewer wells spud in Q1 2018 compared to Q1 2017, says Michele Innes.
May 10, 2018, 9:48 AM MDT
Tamarack Valley Energy Ltd. achieved record corporate production in the first quarter of 23,532 boe/d, up 32 per cent over volumes of 17,796 boe/d during the same period last year.
May 10, 2018, 9:12 AM MDT