Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks to grow production in 2023
NuVista Energy Ltd. 2023 Guidance
Nuvista capital expenditure guidance for 2023 is set at a range of $425 – $450 million.
Western Canada Top 10 Operators by Wells Drilled in 2022
The list below are the top 10 Operators by wells spud in 2022, locations is the Western Canada Sedimentary Basin (WCSB) located in Western Canada including southern Saskatchewan, Alberta, northeastern British Columbia.
Surge Energy America Contributes $7 Billion to the Texas Economy
Surge Energy ranks #41 in wells drilled in 2022 with 52 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana. Surge announces it has surpassed $7 billion of contribution to the Texas economy.
Laredo to be rebranded “Vital Energy”
Laredo’s 2021 flaring intensity was 44% compared to 2020 and 78% less than in 2019. The company’s Scope GHG emissions intensity was reduced 25% over 2020.
Canada’s TC Energy Gets Approval to Expand NGTL Gas Pipeline System
TC Energy West Path Delivery 2023 (WP2023) project will add about 40 km (25 miles) of new natural gas pipeline to the existing 25,000-km (15,534 miles) NGTL system, which ships gas across Canada and to U.S. markets.
ARC RESOURCES 2023 CAPITAL BUDGET
The Board has approved a preliminary capital budget of $1.8 billion. The budget was designed with profitable growth and capital discipline in mind, and includes an updated framework that allows capital returns to increase as net debt approaches ARC’s long-term target.
Cenovus to support more than 15,000 newcomers annually
Cenovus Energy and Immigrant Services Calgary (ISC) today announced a three-year strategic partnership to support immigrants and refugees in Calgary. Cenovus will invest $450,000 over three years to support ISC in providing settlement programs and services to newcomers to help them succeed and contribute to the socio-economic landscape of Calgary and Alberta.
Robstown possible site for Tesla plant
Robstown could be the site of a new Tesla plant. The electric car and clean energy company filed an application with the Texas Commission on Environmental Quality requesting air permit as part of the process in choosing a location for a battery-grade lithium hydroxide-refining plant.
BAYTEX ANNOUNCES THIRD QUARTER 2022 RESULTS
Baytex production during the third quarter averaged 83,194 boe/d (84% oil and NGL) as compared to 83,090 boe/d (83% oil and NGL) in Q2/2022.