Crescent Point Energy Corp. is seeing productivity improvements using its own well construction designs on new pads drilled across its recently acquired Montney lands, its technical team told analysts at the company’s investor day on Tuesday.
U.S. well servicing companies are rapidly retiring aging frack spreads and replacing them with state-of-the-art technologies designed to meet customer demand for increased fuel efficiency and lower emissions.
The shipping distance between the Northwest Territories and Asia was highlighted by two government ministers as one of the advantages positioning the territory to succeed in LNG exports.
Drilling rig activity in Western Canada and the Top 10 active operators as of March 22, 2024 as reported this morning by Rig Locator.
The U.S. rig count is down five from last week to 624 with oil rigs down one to 509, gas rigs down four to 112 and miscellaneous rigs unchanged at three.
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Petroleum Technology Alliance Canada (PTAC) announced that Soheil Asgarpour will retire from his position as president and CEO after a 17-year tenure.
AKITA Drilling Ltd. reported 2023 net earnings of $18.42 million, compared to $4.29-million in 2022, an increase of 329 per cent year over year and a return to a positive retained earnings balance.
SECURE Energy Services Inc. has closed its previously announced private offering of $300 million aggregate principal amount of 6.750 per cent senior unsecured notes due March 22, 2029 at an issue price of $100.00, representing a yield of 6.750 per cent.