The pace of gas well licensing has declined across Western Canada compared to last year as producers review their capital spending plans along with the timing of drilling gas wells due to low prices.

AltaGas Ltd.’s top executive says the fundamentals for the company’s Canadian midstream business remain “compelling” despite the current weakness in natural gas prices.

At Alberta’s March 6 land sale, McMullen Clearwater parcels brought in 75 per cent of the total bonus paid.

Solar project plans at Kiwetinohk Energy Corp. are in step with what the Alberta government is now looking for, say executives from the company.

Asked about activity trends in its Canadian operations in 2024 in an atmosphere of increasingly volatile commodity pricing and modest capex cuts from some gas-focused producers, Daniel Halyk, president and chief executive officer of Total Energy Services Inc., said some users of their bigger rigs were shifting from gas to oil.

Five months after closing its $699 million acquisition of Repsol Canada’s Deep Basin assets, Peyto Exploration & Development Corp. is busy drilling across the 455,000 net acres acquired in the deal, company president and chief executive officer JP Lachance told analysts at its 2023 fourth quarter and year-end conference call.

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.  

Acceleware Ltd. provided an update regarding its commercial-scale RF XL pilot project at Marwayne.