Whitecap’s financial and operating results for the second quarter were once again ahead of expectations as the Company maintained operational momentum from the first quarter drilling program resulting in production of 132,293 boe/d and record funds flow of $677 million or $1.08 per share.
Kingfisher County remains a gold mine for Ovintiv Inc. The company filed completion reports in recent days showing two wells on a single pad, each with production of more than 1,300 barrels of oil a day. That’s a combined 2,600 barrels of oil from the same pad.
Targa Resources Corp. air permit approved for new cryogenic natural gas processing plant in the Permian basin.
Pacific Canbriam Energy has acquired an additional 47,025 acres of land in Northeast B.C.
Among those wells, Laredo turned into line some Leech wells in the West Texas Spraberry and Wolfcamp formations. The Leech wells comprise “six 15,000-foot wells in our most southeastern unit in Howard County,” said CEO Jason Pigott.
Crescent Point recently updated its 2022 annual average production guidance to 130,000 to 134,000 boe/d, reflecting the impact of certain non-core asset dispositions, with development capital expenditures unchanged at $875 to $900 million.
Keyera Corp. and Canadian National Railway Co. have signed a deal to evaluate building a rail terminal in Alberta to ship energy products.
OxyChem, a top global manufacturer of chlorine and caustic soda, is contemplating a strategic initiative to modernize and expand its existing chlorine and caustic soda manufacturing complex with more efficient and effective technology. Last week Williams Pipeline Partners had a 14 mile pipeline approved to connect OxyChem Deer Park plant to Bayer plant.
Oxy was approved for an air permit by Texas Commission on Environmental Quality for a new mud plant located in Odessa. A mud plant is used to manipulate (mix, dilute, treat, adjust) various drilling fluids to be used in wells supported by this Supply Base.
The following are the top five projects slated to come online this year: Buffalo Plains Wind Farm, generating 514.6 MW; Travers Solar, 465 MW; Forty Mile BHE, 389.5 MW; Kirkcaldy Solar, 350 MW; and Forty Mile Wind, 200 MW.
