Calgary

Crescent Point Boosting Spending for ‘Active’ Oil, Gas Drilling in Kaybob Duvernay

Crescent Point Boosting Spending for ‘Active’ Oil, Gas Drilling in Kaybob Duvernay

Calgary-based Crescent Point Energy Corp. recorded a 10% increase in natural gas production during the third quarter, but the company is focusing on the Kaybob Duvernay formation for liquids growth over the next five years. Management said natural gas output hit 144.3 MMcf/d during the quarter, up from 130.8 MMcf/d a year earlier. Natural gas…

November 8, 2022
Tamarack Focusing on Expanding Clearwater Well Inventory in Alberta

Tamarack Focusing on Expanding Clearwater Well Inventory in Alberta

After swiftly completing five takeovers, Tamarack Valley Energy Ltd. emerged in the third quarter as an independent natural gas and oil growth star in the Clearwater formation of Canada. The Calgary independent has paid about $1.1 billion for five deals across the Clearwater area, which is northeast of Alberta. The latest was in September, when…

October 31, 2022
TC Energy’s Planned 81 MW Solar Plant to Help Power Natural Gas System

TC Energy’s Planned 81 MW Solar Plant to Help Power Natural Gas System

TC Energy Corp. is set to bring utility-scale solar power to its product line with the first C$146 million ($109 million) project at its Calgary home base. The initial generating site would have an 81 MW capacity and include a jumbo battery. It would supply a suburban community, as well as TC’s pipeline network. The…

October 10, 2022
Spartan’s Oil, Natural Gas Surge in Western Canada Spurred by Takeovers, High Prices

Spartan’s Oil, Natural Gas Surge in Western Canada Spurred by Takeovers, High Prices

Increased prices for liquids-rich oil and natural gas production from Alberta and British Columbia, along with four corporate takeovers, fueled a solid second quarter for Calgary’s Spartan Delta Corp. The independent put together a bundle of energy-rich properties from dealmaking in Western Canada that enriched the bottom line during 2Q2022.  Spartan, which reports in Canadian…

August 16, 2022
Montney Producer Advantage Energy Boosts Capex to Accelerate Drilling

Montney Producer Advantage Energy Boosts Capex to Accelerate Drilling

Montney Shale producer Advantage Energy Ltd. is seeking to boost oil and natural gas output this winter after raising its capital spending target for 2021 amid improved commodity prices. The Calgary-based company said it was raising its capital guidance by $20 million to a range of $140 million-$150 million. Advantage plans on using the extra…

September 3, 2021
Inter Pipeline Said Sticking with Pembina Offer After Brookfield Launches Second Bid

Inter Pipeline Said Sticking with Pembina Offer After Brookfield Launches Second Bid

Calgary takeover target Inter Pipeline Ltd. rejected a second uninvited bid Thursday by Toronto-based Brookfield Infrastructure Partners. Inter Pipeline said a combination announced Tuesday (June 1) with Calgary-based Pembina Pipeline Corp. would be a better industrial match with growth prospects. Both firms have pipeline, processing and storage networks, and Inter Pipeline is building a new…

June 4, 2021

Alberta Tightens Quake Monitoring, Response Protocols for Oil, Gas Operators

Confirmation that horizontal drilling and hydraulic fracturing (fracking) caused three central Alberta earthquakes since 2014 has resulted in tightened safety controls on industry operations.

January 27, 2020

Alberta Tightens Quake Monitoring, Response Protocols for Oil, Gas Operators

Confirmation that horizontal drilling and hydraulic fracturing (fracking) caused three central Alberta earthquakes since 2014 has resulted in tightened safety controls on industry operations.

January 27, 2020

Eastern Canada’s Corridor Resources Looks to Revive Natural Gas Development

New Alberta management will take over Atlantic Canada’s lone natural gas producer with plans to revive east coast supply development and shop for bargain-priced western oilfield assets under a transaction announced on Monday.

January 15, 2020

Corridor Resources Rebrands with Mission to Revive Natural Gas Output in Eastern Canada

New Alberta management will take over Atlantic Canada’s lone natural gas producer with plans to revive east coast supply development and shop for bargain-priced western oilfield assets under a transaction announced on Monday.

January 14, 2020
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