Flush with cash from the sale of its Grande Prairie Montney assets, Paramount Resources Ltd. has near term investments that could grow production to over 120,000 boe/d by the end of 2027, president and chief executive officer Jim Riddell said at its annual general meeting.

Current low oil prices could speed peak oil production from U.S. shale plays, and some companies are making plans to grow their business elsewhere if it comes to pass.

At the May 14 land sale, over half of the total bonus paid at the sale was from four sections purchased in the Kakwa area, where the Falher formation is the primary target.

With natural gas and associated NGL supply increasing as LNG Canada Phase 1 ramps up, Keyera Corp. is confident it will meet its growth targets imbedded in its three-year plan announced late last year, president and chief executive officer Dean Setoguchi said at its first quarter 2025 earnings call.

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Strathcona Resources Ltd. posted 194,609 boe/d of production last quarter, rising from 185,122 boe/d year-over-year.

Western Energy Services Corp. has appointed Gavin Lane as president and chief executive officer, effective immediately.

TotalEnergies SE has signed a sales and purchase agreement (SPA) with Ksi Lisims LNG for the purchase of two mtpa of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project.

Ensign Energy Services Inc. grew its Q1 2025 revenue to $436.5 million in the first quarter, a one per cent increase from the same period last year.

Calfrac Well Services Ltd.’s revenue rose 12 per cent in the first quarter of 2025, with a profit of $7.8 million, compared with a loss of $2.9 million in Q1 2024, which was bolstered by record financial performance in Argentina.