Although activity in the Cardium play in central Alberta is showing signs of rebounding slightly from a slowdown in recent years, it faces some challenges when compared to other plays in the Western Canadian Sedimentary Basin such as the Montney, Clearwater and Charlie Lake, says Patrick O’Rourke, an analyst with AltaCorp Capital Inc.
This week’s DOB Backstory comes from a April 13, 1965 edition of the Daily Oil Bulletin. The effect of the Rainbow Lake oil-gas discovery well has caught the imagination of industry.
The Alberta Energy Regulator is in the process of releasing long anticipated updates to closure regulations. The AER has announced closure spend targets that will come into effect on Jan. 1, 2022. New licensee life-cycle management regulations will also be in place.
Drilling rig activity in Western Canada and the Top 10 active operators as of Sept. 13, 2021 as reported this morning by Rig Locator.
Crescent Point Energy Corp. is expecting to generate annual average production of 131,000–135,000 boe/d in 2022 based on development capital expenditures of $825–$900 million.
Tamarack Valley Energy Ltd. recently closed the acquisition of 53 net sections of highly prospective Clearwater lands which included approximately 400 boe/d of heavy oil production for total consideration of $36 million.
Tamarack Valley Energy Ltd.'s five-year plan is expected to generate sustainable long-term growth in free funds flow.
The National Coalition of Chiefs is a community of pro-development First Nation Chiefs that advocate for the development of oil and gas resources in their communities.
Clearview Resources Ltd. recently completed the acquisition of 14,240 gross and net acres of Crown land in the Jarvie area of Alberta focused on the developing Clearwater oil play in the region.
Focusing on environment, social and governance (ESG) efforts could be a differentiator when it comes to securing new contracts or customers for oilfield services.
Juliana Lam joined Gibson Energy Inc.’s board of directors, effective Sept. 10, 2021.
Chevron U.S.A. Inc., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners L.P., announced a framework to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business operations in the U.S. Midcontinent and Gulf Coast.
Trican Well Service Ltd. will expand its fleet of next generation, low emissions fracturing equipment by upgrading a second set of existing pumping equipment with CAT Tier 4 dynamic gas blending (DGB) engines.