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
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