Crescent Point Energy Corp. has drilled the longest onshore well in Canadian history.

Despite the difficulties in Canada with getting mega-projects approved, built and over the finish line, Imperial Oil Limited’s top executive remains hopeful that the Pathways Alliance-proposed $16.5 billion “foundational” CCS project will eventually come to fruition.

New regasification infrastructure, along with lower and less volatile prices, will help importers absorb a massive wave of new LNG supply forecast to come onstream from 2026 to 2028, Cheniere Energy Inc. executive vice-president and chief commercial officer Anatol Feygin said at the company’s first quarter 2024 earnings call. 

ARC Resources Ltd. is forecasting an uptick in production from its Kakwa condensate play and the start-up of liquids-rich Attachie development late in 2024.

ARC Resources Ltd.’s 40,000 boe/d Attachie Phase 1 Project in the northeast B.C. Montney is on budget and on schedule for initial production by year-end, with future phases being planned in three-year intervals, president and chief executive officer Terry Anderson said at the company’s first quarter 2024 earnings call.

Solid first quarter operational performance and execution in all of its business segments drove Enbridge Inc.’s strong financial results, Greg Ebel, president and CEO, said during a Q1 results conference Friday morning.

STEP Energy Services Ltd. deployed a sixth fracturing fleet in Canada during the first quarter, resulting in significantly higher operating days.

Kiwetinohk Energy Corp., which logged a quarterly production record for the company over the first three months of 2024, has increased its guidance for the year.

Duvernay Energy Corporation (DEC) says production growth is expected in the second quarter with new wells coming onstream.

Drilling rig activity in Western Canada and the Top 10 active operators as of May 10, 2024 as reported this morning by Rig Locator.

The U.S. rig count is down two from last week to 603 with oil rigs down three to 496, gas rigs up one to 103 and miscellaneous rigs unchanged at four.

Surge Energy Inc. acquired in April a 50 per cent working interest and operatorship of the 6-8 gas plant in the Betty Lake area for $3.7 million, the company announced in its Q1 financial report.

For the balance of 2024, Petrus Resources Ltd. has hedged approximately 44 per cent of forecasted production at $2.94/GJ for natural gas and C$97/bbl for oil.

Headwater Exploration Inc. says that continued pool extensions and contributions from multiple Clearwater benches have elevated Marten Hills West production levels to more than 11,000 bbls/d of heavy oil.

The results from Cardinal Energy Ltd.’s first quarter of 2024 drilling program have far exceeded forecasted production rates for these new drills, providing the flexibility to reduce the development capital budget by removing four drills from its 2024 drilling and completions program.

Crew Energy Inc. has curtailed 1,700 boe/d of predominantly dry gas production delivered into the Station 2 market, which is expected to remain curtailed through the second quarter of 2024 or until prices improve.

Enbridge Gas announced a binding open season for peak storage services at the Dawn Hub storage facility for service beginning as early as April 1, 2025.

Total Energy Services Inc. has increased its 2024 capital expenditure budget to $66.3 million.

Cathedral Energy Services Ltd.’s 2024 net capital expenditure budget is expected to be approximately $30 million to $35 million (2023 - $27 million to $32 million), excluding any potential acquisitions.

Interface Fluidics says a university in Brazil has purchased the company’s microfluidic platform, SapphireLab, to enhance its fluid analysis capabilities.

PHX Energy Services Corp. generated consolidated revenue of $166.1 million which is slightly higher than the consolidated revenue generated in the first quarter of 2023 and is the second highest level in its history.