With natural gas prices languishing, Canadian Natural Resources Limited may divert capital away from that segment to others in its vast portfolio.

After a series of “transformational acquisitions” the last three years adding assets in the Duvernay and Montney resource plays, Crescent Point Energy Corp. is shifting its capital allocation.

Just over eight months since Baytex Energy Corp. completed its acquisition of Ranger Oil Corporation, the company reported in its Q4 2023 results call-in that the asset has added quality scale in the Eagle Ford, and made Baytex a more resilient and sustainable business, said president and CEO Eric Greager.

A new regulatory course will help those who submit applications to operate wells in Alberta’s oil and gas sector avoid common errors and maximize AER application approvals.  

TC Energy Corporation announced a deal to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock.

Bonterra Energy Corp. has acquired a high quality, undeveloped Charlie Lake asset that is prospective for light oil, comprised of 79 net sections of land in Bonanza, Alberta and 330 boe/d of production, for total cash consideration of $24.1 million.

Outpost Energy Ltd. (“Outpost” or the “Company”) has engaged Sayer Energy Advisors to assist it with a corporate sale process.

Enbridge Inc. says that the Canada Energy Regulator (CER) has approved the Mainline tolling negotiated settlement effective until Dec. 31, 2028.

To transition to a sustainable world, we’ll need to reconfigure the five domains of our industrial system: how we feed ourselves, how we move, how we construct the infrastructure we live and work in, how we make things and how we power all of this in a way that reduces carbon intensity.

While Ensign Energy Services Inc. posted an uptick in international operating days last quarter, its Canadian and U.S. counts pulled back.

In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.

Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.

Duvernay Energy Corporation has self-funded growth potential to about 25,000 boe/d (75 per cent liquids) by the late 2020s, reports Athabasca Oil Corporation.

Pason Systems Inc. expects to spend $75–$80 million in capital expenditures in 2024.

During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.

Avatar Innovations announced through a social media post that Nannette Ho-Covernton will be its vice-president, strategic relations.

G2S2 Capital Inc. has acquired ownership of, and control over, an additional 698,700 common shares of Western Energy Services Corp.