• Obsidian Continues To Be All-In On The Cardium

    With its dominant land position, deep inventory of high-return wells and the vast majority of its production derived from the Cardium, Obsidian Energy Ltd. is all-in on the west-central Alberta play.

    September 14, 2021, 3:59 AM MDT

  • Oxbow Deal Makes For ‘Historic’ Q2, Says Saturn; Company Reactivating Shut-In Production

    Saturn Oil & Gas Inc. experienced a “historic quarter” in Q2 2021, says executive management, as the company completed its Oxbow asset acquisition, providing a “substantial platform” for future growth via drilling opportunities and production and production-optimization projects.

    August 31, 2021, 11:17 AM MDT

  • Saturn Starts 3-Well Development Drilling Program

    Saturn Oil & Gas Inc. started a three well development drilling program in west-central Saskatchewan.

    August 3, 2021, 7:22 AM MDT

  • Baytex Hikes Production Outlook

    As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.

    July 28, 2021, 4:20 PM MDT

  • Freehold Drilling Activity Down From Last Year, But Flat Sequentially; Clearwater Most Active

    In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.

    May 12, 2021, 7 AM MDT

  • Tamarack Valley Lifts Spending Guidance

    Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.

    May 5, 2021, 12 AM MDT

  • Baytex Boosts 2021 Capex, Reflecting Strengthening Of Commodity Pricing

    Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.

    April 30, 2021, 10:46 AM MDT

  • 100 Wells Spud On PrairieSky Lands During Q1 2021

    First quarter 2021 exploration and development activity was up from Q4 2020 but remained below Q1 2020 levels prior to the onset of the COVID-19 pandemic, PrairieSky Royalty Ltd. reported in Q1 results released on Monday afternoon.

    April 19, 2021, 2:34 PM MDT

  • Whitecap Increases Production Outlook

    The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.

    March 29, 2021, 5:57 AM MDT

  • Freehold Picks Up More U.S. Assets

    On Jan. 5, 2021, Freehold Royalties Ltd. closed the acquisition of U.S. royalty properties for US$58 million net.

    March 5, 2021, 8:41 AM MST

  • Tamarack Continues To Be Active In Clearwater

    Tamarack Valley Energy Ltd. continues to be active in the Clearwater play with 12 wells rig released out of a planned 16-well first quarter $18 million program.

    March 1, 2021, 12 AM MST

  • Whitecap Completes Deal With NAL

    Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.

    January 4, 2021, 2:56 PM MST

  • Baytex Outlines 2021 Capital Budget Of $225–$275 Million

    Baytex Energy Corp. outlined a 2021 capital budget of $225–$275 million, which is designed to generate free cash flow and average annual production of 73,000 to 77,000 boe/d.

    December 2, 2020, 3:24 PM MST

  • Q3 Round-Up: Tamarack Valley, NuVista, Storm

    Third quarter activity for Tamarack Valley Energy Ltd. included investment of $10.4 million in exploration and development capital expenditures, directed to the equipping of one (1.0 net) Banff oil well plus continued investment in its Veteran Viking waterflood program with the drilling, completion and tie-in of a six-well pad along with one water source well.

    November 11, 2020, 6:37 AM MST

  • Baytex Resumes Drilling In Canada

    Baytex Energy Corp. has resumed drilling activity in the fourth quarter after two quarters of little to no capital spending in Canada.

    November 3, 2020, 11:23 AM MST

  • Forty-Four Wells Spud on PrairieSky Lands

    There were 44 wells spud (93 per cent oil) on PrairieSky Royalty Ltd. lands during the third quarter with a focus on Viking, Bakken and Leduc units (18 wells), as well as 12 new Viking wells and six new wells in the Clearwater oil play.

    October 27, 2020, 7:11 AM MDT

  • Precision Chief Foresees Rationalization In Canadian Drilling Segment, Better Winter Ahead

    In Canada, the most active drilling rigs belong to just five drilling companies, says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation. Therefore, when rationalization occurs in this segment of the energy sector, it will start with smaller companies cannibalizing rigs that are non-marketable.

    October 23, 2020, 7:16 AM MDT

  • Public Hearing Planned On Peyto Pooling Application

    The Alberta Energy Regulator (AER) will hold a public hearing on an application from Peyto Exploration & Development Corp. under the Oil and Gas Conservation Act for a compulsory pooling order for the production of gas and associated petroleum products in a drilling spacing unit in 35-55-22W5.

    April 28, 2020, 7:11 AM MDT

  • Fewer Wells Spud On PrairieSky Lands Year-Over-Year

    During the quarter, 170 wells (99 per cent oil) were spud on PrairieSky Royalty Ltd. lands which was ahead of Q4 2019 spuds of 150 wells (99 per cent oil) but below Q1 2019 when 209 wells (93 per cent oil) were spud.

    April 21, 2020, 12 AM MDT

  • Tamarack Valley Busy Working The Cardium, Viking

    Tamarack Valley Energy Ltd. reported stable production for 2019, and slightly lower funds flow for the year.

    March 6, 2020, 8:07 AM MST

  • Freehold Sees Slight Decline In Output In 2020; Expects Similar Numbers In 2020

     Freehold Royalties Ltd. expects activity levels will remain strong on its royalty lands in 2020 with activity levels forecast to be similar to 2019. 

    March 6, 2020, 10:53 AM MST

  • Strong Cash Flow Contributes To Net Debt Reduction For Baytex

    Baytex Energy Corp. recorded adjusted funds flow of $232 million in the fourth quarter of 2019 and $902 million for the year, resulting in free cash flow of $73 million and $329 million respectively.

    March 4, 2020, 11:19 AM MST

  • Inter Pipeline Wraps Up Busy 2019, Storage Sale Expected In 2020

    Inter Pipeline Ltd. has spent $2.2 billion on the Heartland Petrochemical complex — including $1.2 billion in 2019 in what CEO Christian Bayle said was an ‘capital intensive’ year for the company.

    February 24, 2020, 12 AM MST

  • Less Drilling On PrairieSky Lands In Q4

    PrairieSky Royalty Ltd. saw less drilling on its lands in the fourth quarter.

    February 11, 2020, 8:14 AM MST

  • Land Sale Revenue In 2020 Expected To Be In Line With 2019

    Do not expect a dramatic uptick in land sale revenues in Western Canada in 2020, say experts.

    January 10, 2020, 8:05 AM MST

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.