In December, industry licensed 782 wells across Canada. That was the top monthly tally for 2021, and the highest count since December 2019, when industry permitted 830 new wells.

Imperial Oil Limited today announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada.

A new sector engagement strategy aims to connect emerging energy industry leaders with technological developments in clean hydrocarbons.

Oil and gas activity in the U.S. increased in the fourth quarter of 2021 and is expected to continue to gain momentum this year, according to oil and gas executives responding to the recently released Federal Reserve Bank of Dallas Energy Survey.

Kiwetinohk Energy Corp. has set a 2022 capital expenditures budget of $210–$240 million (subject to commodity prices after hedging), including $10–$20 million allocated to green energy.

InPlay Oil Corp. has approved a $58 million capital program for 2022, which is forecasted to deliver 2022 average production of 8,900–9,400 boe/d — 62–63 per cent light oil and liquids.

Obsidian Energy Ltd. has completed the one-time adjustment of its syndicated credit facility, effective Dec. 31, 2021.