The interest Strathcona Resources Ltd. has in acquiring MEG Energy Corp. is “very specific.”

Canadian Natural Resources Limited is adding 26 more multilateral wells to its 2025 primary heavy oil drilling plans as it continues to find cost savings while reporting improved production, president Scott Stauth said during its second quarter 2025 earnings call.

The Alberta government brought in $20.44 million at its Aug. 6 land sale.

The Aug. 5, 2025, Saskatchewan land sale generated $24.31 million for the province.

Keyera Corp. has added more than 100,000 bbls/d of new long-term contracted volumes on its Key Access Pipeline System (KAPS) Zones 1 through 4 over the past several months.

Keyera Corp. recorded increases in both throughput and realized margin from its Gathering and Processing (G&P) segment last quarter.

The South and Southeast Asia region, roughly equivalent to China in terms of LNG market size, is expected to underpin long-term LNG market demand growth in Asia, says Cheniere Energy, Inc.

Substantial completion of Train 2 of Cheniere Energy, Inc.’s CCL Stage 3 Project adjacent to the Corpus Christi LNG project was achieved this week, says the company, which is also pursuing additional expansion opportunities.

Despite weaker AECO prices at the moment, a Murphy Oil Corporation executive noted that LNG Canada will likely portend brighter days ahead for the market.

Calfrac Well Services Ltd. says it made the decision at the end of the second quarter to reduce its operating footprint to 10 fleets in North America, to align with anticipated activity levels for the remainder of the year.

Pembina Pipeline Corporation reported 2025 second quarter net earnings of $417 million, down $62 million compared to the same quarter of 2024, largely due to lower NGL prices impacting its marketing division.

Enerflex Ltd. is refining its capital expenditure guidance for 2025.

With industry activity slowing in 2025, Pason Systems Inc. anticipates capital expenditures will be lower than the $65 million originally planned.

Pine Cliff Energy Ltd.’s production in the second quarter was consistent with the first quarter and down from the same quarter last year primarily due to natural production declines and temporary shut-ins due to weak AECO gas prices in June 2025.

Kelt Exploration Ltd. has entered into certain future contracts to sell its oil and gas production in order to protect the company's ability to fulfill its planned $325.0 million capital expenditure program for 2025, of which $195.7 million was incurred during the first six months of the year.

Spartan Delta Corp. has active programs planned for both the Duvernay and Deep Basin in the second half of the year.

Western Canadian natural gas market fundamentals are encouraging, says Advantage Energy Ltd., with oversupplied conditions easing as LNG Canada export capacity ramps up.

South Bow Corporation says it continues to advance work on the Blackrod Connection Project, which is designed to provide both liquids and natural gas transportation infrastructure to support International Petroleum Corporation’s Blackrod SAGD facility.

Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 8, 2025, as reported this morning by Rig Locator.

The U.S. rig count is down one from last week to 539 with oil rigs up one to 411, gas rigs down one to 123 and miscellaneous rigs down one to five.

Delek Group Ltd. has completed the acquisition of an aggregate of 9,139,784 common shares in the capital of InPlay Oil Corp. pursuant to a share purchase agreement with Obsidian Energy Ltd.

Avanti Helium Corp. signed a major multi-year take-or-pay helium offtake agreement with a leading global supplier of industrial gases.

FLINT Corp. announced a proposed recapitalization transaction that will significantly reduce the company's debt and annual interest costs, simplify its capital structure and improve liquidity.