Discounted pricing at the NOVA/AECO C natural gas hub in Southern Alberta is likely to remain a fact of life over the near term, even if pipeline expansions and LNG exports in Western Canada come online as scheduled, according to experts. Abundant gas supply from the Western Canadian Sedimentary Basin (WCSB) and limited egress capacity…
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Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar
Record natural gas production and stronger commodity prices propelled Canadian Natural Resources Ltd. (CNRL) in the first three months of this year, enabling returns to shareholders and corporate debt reduction. Natural gas production jumped by 25% in 1Q2022 from a year earlier to 2 Bcf/d, management noted. Liquids production hovered at 945,809 b/d, off from…
Canadian Oil and Gas Industry Reverses Investment Course on Coronavirus Worries
Only two months after predicting the first investment growth since 2014, the Canadian oil and gas industry has reversed course by retreating into austerity to survive the coronavirus pandemic and dizzying commodity price drops.
Canadian Natural Resources, PrairieSky Royalty Pool Western Drilling Rights
A 14.7-million-acre (23,000-square-mile) spread of legacy oil and natural gas properties formed Monday when Canadian Natural Resources Ltd. (CNRL) and PrairieSky Royalty Ltd. agreed to pool their private drilling rights in Saskatchewan, Alberta and British Columbia.