Several western Canadian E&P companies announced increases to their capital expenditure budgets during the release of their Q2 financial results reports, in late July and early August, to accelerate drilling plans in 2022, to deal with higher-than-budget inflation, to address service cost hikes and to take advantage of higher commodity prices.

To read the Daily Oil Bulletin’s latest guidance report, which features corporate announcements made in August 2022, click here to access it directly, or click on the Guidance tab on the DOB website.

The guidance report provides 2022 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S. We will continue with monthly updates until we resume weekly reports later this year for 2023 announcements.

Data for the report is powered by Evaluate Energy.