Montney – Oil & Gas 360

How much production growth can North America deliver over the next decade?

October 16, 2024

(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, a trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a new report that quantifies the quality of remaining drilling inventory across key North American plays. North America is one of the few global jurisdictions that has meaningfully grown hydrocarbon production over the last 20

Crescent Point Energy closes Montney acquisition in Alberta for $1.26 billion

May 12, 2023

World Oil WO) – Crescent Point Energy Corp. has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash. This acquisition aligns with Crescent Point’s long-term strategy and enhances the company’s portfolio by adding 600 high-return Montney locations, further extending its premium drilling inventory to 15 years.

World class Montney and Swan Hills light oil development drilling opportunities

March 23, 2021

Oil and Gas 360 BOE Report: March 23, 2021 World Class Montney and Swan Hills Light Oil Development Drilling Opportunities Razor Energy Corp. is initiating a process to explore strategic partnerships to drill two of its low-risk light oil assets in Alberta. Potential deal structure may include farm-in, joint venture, direct equity or debt investment into Razor or some other

Analysis: Montney shale patch merger shines light on Canada’s premier play

February 12, 2021

Reuters CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top shale plays. The combined company will have more financial strength to develop its 1.1 million net acres of land

‘Enough is enough’: Canada’s Montney producers swap oil and gas assets for cash

September 11, 2020

Reuters WINNIPEG, Manitoba – A wave of consolidation is underway in Canada’s Montney oil and gas region as small companies struggling to weather the impact of coronavirus on the energy industry sell their holdings in what just a few years ago was a booming patch. Lockdowns and sharp contractions in economic activity have hammered global oil demand in 2020, pushing

Blackbird Energy Announces Record Results

December 27, 2018

Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018. Highlights from the Q1 2019 Results: Petroleum and Natural Gas Sales $7.4 million ($46.31/boe) of petroleum and natural gas sales during the three months ended October 31, 2018. Represents a 186% increase from the comparative three months ended October

Blackbird, Pipestone Combination Gets Thumbs Up

December 20, 2018

Alberta-based Blackbird Energy Inc. (stock ticker TSX-V: BBI) shareholders have approved the strategic combination of Blackbird and Pipestone Oil Corp. by a majority of over 99% of votes cast. Blackbird is focused on the condensate and liquids-rich Montney fairway at Pipestone/Elmworth, near Grande Prairie, Alberta. At a special meeting, its shareholders also approved the continuance of Blackbird from British Columbia

Painted Pony Releases Fully-Funded 2019 Capital Budget

December 17, 2018

Painted Pony Announces Fully-Funded 2019 Capital Budget

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

December 13, 2018

From Alaska Highway News After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export project. However, the former Progress Energy Canada Ltd. has no plans to return to the frenetic pace of 2013-2014 when

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

November 29, 2018

From Alaska Highway News Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022. The company, formerly Progress Energy, has been in a holding pattern since 2016 after spending three years appraising what proved to be more than 200 trillion cubic feet of natural gas reserves

Advantage Appoints COO

November 2, 2018

Nov 1, 2018 CALGARY, Nov. 1, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce the appointment of Mr. Michael Belenkie to the position of Chief Operating Officer. Mr. Belenkie has over 20 years of experience in the oil and gas industry in a variety of senior management roles which included a diversity of both technical and

Husky adding $100 million to Deep Basin, Montney Programs

October 29, 2018

From JWN Energy Husky Energy is accelerating spending on drilling in the Deep Basin and Montney plays while slowing primary heavy oil production. The shift is tied to the current blowout in the light-heavy oil differential, executives said last week. Husky has increased its capital spending guidance by $200 million, $100 million of which will be directed to increased

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