Technology

Peyto’s New Well Design A ‘Real Game-Changer’; Company Had Active Q1 Drilling Program

Peyto Exploration & Development Corp.’s technical team has recently conducted an internal evaluation of the company’s successful 2020 drilling program which yielded above average returns and record capital efficiency and a portion of that success was the result of longer horizontal laterals and improved stimulation intensity.

May 13, 2021, 11:14 AM MDT


Ensign Starts To See Rate Increases; Firm Ran Fewer Rigs In Q1 Than Previously Anticipated

Ensign Energy Services Inc. has been raising its rates coming out of spring breakup by $1,000 per day, says Bob Geddes, president and chief operating officer, and the oilfield services company is talking with clients about possibly increasing rates by $2,000 per day going into the fall.

May 10, 2021, 2:16 PM MDT


Crew Reducing Surface Footprint; Drilling Longer ERH Wells

Crew Energy Inc. continues to reduce its surface footprint by developing its resource through the drilling of longer extended reach horizontal (ERH) wells, the company noted in its Q1 report.

May 7, 2021, 6:10 AM MDT


‘Delivering Industry Leading’ ESG Measures Vital To CNRL’s Long-Term Corporate Sustainability: McKay

Canadian Natural Resources Limited president Tim McKay says the company is “delivering industry leading” environmental, social and governance (ESG) performance across the board which will be a “significant factor" for sustainability.

May 7, 2021, 6 AM MDT


PHX Anticipates Russian Division Sale In Q2

In the fourth quarter of 2020, PHX Energy Services Corp. committed to a plan to sell its Russian division, Phoenix TSR.

May 6, 2021, 7:23 AM MDT


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