Helium Evolution Incorporated (HEVI) has a promising pathway to production and cash flow, backed by the outcomes of three recent significant drilling campaigns in the Mankota region of Saskatchewan, says Greg Robb, president and chief executive officer.

The active rate in Western Canada was steady through much of the first quarter, but began declining in the latter part of March, according to Rig Locator data.

U.S. pressure pumpers are expecting a flat market in 2024, but at least one company plans to add spreads this year, which could end the pricing discipline that allowed the sector to recover from years of difficult financial and operating conditions.

Enbridge Inc. closed the agreement to sell its 50 per cent interest in Alliance Pipeline and its 42.7 per cent interest in Aux Sable to Pembina Pipeline Corporation for $3.1 billion.

In conjunction with closing of the Alliance/Aux Sable//NRGreen deal, Pembina Pipeline Corporation has updated its 2024 adjusted EBITDA guidance range to $4.05 billion to $4.30 billion (previously $3.725 to $4.025 billion).

Carbon capture, utilization, and storage (CCUS) is becoming a crucial emissions reduction technology across the energy industry.

Parkland Corporation’s Burnaby Refinery safely returned to normal operations on March 29, 2024, following an unplanned shutdown originating from extreme cold weather on Jan. 12.

Baytex Energy Corp. closed its private placement offering of US$575 million aggregate principal amount of senior unsecured notes due 2032.