Spring breakup has spread across the basin, but this week’s active rig rate in Western Canada is still lower than the corresponding week for the prior two years.

Drilling rig activity in Western Canada and the Top 10 active operators as of April 5, 2019, as reported this morning by Rig Locator.

Several companies announced upcoming drilling projects this week, including Canadian Natural Resources Limited, Suncor Energy Inc., Storm Resources Ltd., Surge Energy Inc. and Pipestone Energy Corp.

High Arctic Energy Services Inc. has entered into an agreement to acquire the assets of Precision Drilling Corporation’s snubbing services equipment, entirely located in Canada.

The Senate’s energy and environment committee studying the federal government’s Bill C-69 will be hearing from a wide range of Albertans when it comes to Calgary April 9.

A promise made in Kitimat this week that the Chevron-Woodside Kitimat LNG project would use electric drive would be a game-changer, if fulfilled, not just for the LNG industry in B.C., but for independent power producers. 

A Canadian Enerdata weekly survey of Canadian natural gas in storage showed a total of 255.3 bcf of gas in storage for the week ended March 29, 2019, down 1.6 per cent from 259.4 bcf the previous week.  

Tamarack Valley Energy Ltd. announces that the Toronto Stock Exchange has accepted the company’s notice of intention to begin a new normal course issuer bid on April 8, 2019.