Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of $25 - $32 million for full year 2023, including $8 to $10 million to be spent in the first quarter to drill two (1.0 net) wells at East Edson and related pipeline infrastructure.
March 3, 2023, 9:31 AM MST
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
After more than 21 years with Peyto Exploration & Development Corp. — including 15 as the company’s top executive — now retired Darren Gee handed over the reins to JP Lachance as 2022 came to a close, confident that the time was right and the succession plan had been ideally executed for the transition to be successful.
January 9, 2023, 6 AM MST
While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.
November 8, 2022, 12 AM MST
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
The province sold 13,712 hectares of P&NG licences and leases in the Sept. 7 land sale bringing in $2.85 million. Additionally, 10,491 hectares of oilsands leases sold for $2.88 million. This brings the total cumulative bonus paid to-date in Alberta to $292.5 million.
September 12, 2022, 8:40 AM MDT
Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.
August 11, 2022, 11:19 AM MDT
Perpetual Energy Inc. forecasts exploration and development capital expenditures of $29 – $32 million for full year 2022, up slightly from previous guidance of $28 to $30 million released on May 4, 2022, to be fully funded from adjusted funds flow.
August 3, 2022, 3:28 PM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Perpetual Energy Inc. saw production levels increase for Q1 2022 thanks to nine (4.5-net) East Edson liquids-rich Wilrich gas wells brought on production during last year, which were partially offset by the Q3 2021 sale of Clearwater assets to Rubellite Energy Inc.
May 5, 2022, 2:19 PM MDT
Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of up to $28 million for 2022 to be fully funded from adjusted funds flow.
March 15, 2022, 4:14 PM MDT
Subsequent to year end 2021, Peyto Exploration & Development Corp. successfully negotiated and closed the purchase of a private junior producer in the Brazeau River area for $22 million.
March 9, 2022, 4:13 PM MST
Exploration and development capital spending for Perpetual Energy Inc. for full year 2021 is expected to be $15 to $18 million, excluding spending recorded in Perpetual's consolidated third quarter financial statements related to Rubellite Energy Inc.'s Clearwater assets prior to the effective date of the plan of arrangement.
November 12, 2021, 6:13 AM MST
In its first comprehensive ESG report, Deep Basin natural gas producer Peyto Exploration & Development Corp. has set new short-term targets for environmental performance in its environment, social and governance reporting.
October 26, 2021, 6 AM MDT
Perpetual Energy Inc. and Rubellite Energy Inc. are both expected to have active capital programs over the balance of the year.
August 17, 2021, 6:59 AM MDT
Bonavista Energy Corporation has set a target to spend between $100 million and $120 million – with the majority allocated to its West Central core area – on its exploration and development (E&D) program in 2020.
February 14, 2020, 6 PM MST
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
Perpetual Energy Inc. has reduced its 2019 capital expenditure and adjusted funds flow guidance from $21–$25 million and $22–$27 million, respectively, to $18–$21 million for each due to the 15 per cent decline in NYMEX natural gas price expectations for the remainder of 2019.
August 1, 2019, 10:36 AM MDT
Perpetual Energy Inc. says it anticipates a court decision in the second quarter of 2019 on its application for a dismissal of all claims from PricewaterhouseCoopers Inc. related to Perpetual’s sale of shallow gas assets to Sequoia Resources Corp. which later assigned itself into bankrupty.
March 28, 2019, 10:37 AM MDT
A continued focus on liquids-rich development and consistent ethane recovery increased Bonavista Energy Corporation’s production weighting of oil and natural gas liquids to 30 per cent of total output in the third quarter of 2018, up from 26 per cent in the second quarter of this year.
November 5, 2018, 10:50 AM MST
The Alberta government generated $25.44 million in bonus bids on Wednesday, with large Duvernay parcels central to the auction, which is a recurring theme.
August 23, 2018, 7:42 AM MDT
Husky Energy Inc. today announced a dividend increase as it reported a $448 million profit for the second quarter, reflecting improved oil prices and the benefits of upstream and downstream integration.
July 26, 2018, 10:23 AM MDT
Paramount Resources Ltd. says it has entered into a purchase and sale agreement with privately-held Strath Resources Ltd., which will acquire Paramount’s non-core oil and gas properties and related infrastructure at Resthaven/Jayar in the Kakwa region.
June 15, 2018, 6 AM MDT
April 27, 2018, 6 AM MDT