Precision Drilling Corporation placed an order for this year’s drill pipe in August of last year, as the company “just had a bit of a sense of the shortage or tightness,” that would be coming to the market, according to its executive management — and that was before the war in Ukraine.
Tourmaline Oil Corp. was the top operator across the basin during the first three months of 2022 based on metres drilled, including experimental/test wells.
Whitecap Resources Inc. says 2022 operations have been impacted by cost inflation, labour shortages and supply constraints from service providers, and the company’s management expects these pressures will continue to rise through the balance of the year.
Baytex Energy Corp. is boosting its capital spending forecast for 2022, which will include increased drilling activity in the Clearwater.
Interest in the development and deployment of Small Modular Reactors (SMRs) continues to gain traction due to their size, design and the potential to help reduce greenhouse gas emissions.
Driven by continued strong market conditions, Imperial Oil Limited’s first quarter earnings soared to $1.17 billion, the highest first quarter in over 30 years and up from $392 million during the same period in 2021.
Imperial Oil Limited’s president and CEO Brad Corson said the previously announced marketing process for Imperial and ExxonMobil Canada’s interests in XTO Energy Canada is ongoing, with bids received now under evaluation.
TC Energy Corporation achieved strong Q1 2022 results underpinned by solid utilization and reliability across its assets, says management, further supported by a “constructive” fundamental North American energy outlook.
Precision Drilling Corporation’s executive management expects that 2022 will be much busier on the geothermal front, and that 2023 probably will be even busier.
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
Drilling rig activity in Western Canada and the Top 10 active operators as of April 29, 2022 as reported this morning by Rig Locator.
The U.S. rig count is up three from last week to 698 with oil rigs up three to 552, gas rigs unchanged at 144 and miscellaneous rigs unchanged at two.
TC Energy Corporation is “uniquely positioned” to help build technology to scale that aids the energy transition — an example would be in the heavy-duty trucking sector, says François Poirier, president and chief executive officer.
Baytex Energy Corp. has taken a different approach to wells in the Clearwater, and it has paid off.
On April 29, 2022, Husky Oil Operations Limited was fined $600,000 in the Provincial Court of Saskatchewan for contravening subsection 36(3) of the Fisheries Act.