Oil production in Alberta averaged a record-breaking 3.88 million barrels per day in September.
Another month, another oil production record in Alberta
TOURMALINE DELIVERS STRONG CASH FLOW AND FREE CASH FLOW IN Q3 2022
Tourmaline is currently operating 13 rigs across the three EP complexes. The Company drilled 86 net wells and completed 75 net wells in the third quarter of 2022.
Canadian Natural Resources Limited Announces 2022 Third Quarter Results
The Company drilled a total of 295 net crude oil and natural gas wells in the nine months ended September 30, 2022 compared to 168 in the comparable period in 2021, an increase of 127 net wells over this time period.
DEVON ENERGY ANNOUNCES THIRD QUARTER FINANCIAL & OPERATING RESULTS
Production for the third quarter averaged 614,000 oil-equivalent barrels (Boe) per day, exceeding guidance by 2 percent. This performance was driven by the company’s Delaware Basin asset that accounted for nearly 70 percent of total production.
Marathon Oil to acquire the Eagle Ford assets of Ensign Natural Resources
Marathon Oil Corporation (NYSE: MRO) announced it has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3.0 billion. The transaction is subject to customary terms and conditions, including closing adjustments, and is expected to close by year-end 2022.
TransAlta sues Alberta government to prevent oilpatch fracking near hydro dam
Calgary-based electricity producer TransAlta Corp. is suing the Alberta government and the Alberta Energy Regulator to prevent oil and gas companies from fracking near its largest hydroelectric dam in the province because the technique can cause earthquakes.
SURGE ENERGY INC. ANNOUNCES THIRD QUARTER FINANCIAL & OPERATING RESULTS
Surge Achieved average daily production of 21,380 boepd (86 percent liquids) during Q3/22, an increase of over 21 percent as compared to Q3/21 production of 17,642 boepd (84 percent liquids)
Advantage Announces Third Quarter 2022 Financial and Operating Results
Advantage Energy Quarterly production of 54,168 boe/d (286 MMcf/d natural gas and 6,447 bbls/d liquids). Production remains on track to achieve corporate guidance for 2022 despite having shut-in an average of approximately 2,500 boe/d of AECO-exposed production during extremely low prices.
Number of rigs in Permian remains flat
Oilfield services firm Baker Hughes said Friday the US rig count fell by three to 768. Still, the rig count rose by three rigs for the month and is 224 rigs or 41% higher than the 544 at work a year ago.
Pioneer Natural Resources Reports Third Quarter 2022 Financial and Operating Results
During 2022, the Company plans to operate an average of 22 to 24 horizontal drilling rigs in the Midland Basin, including a three-rig average program in the southern Midland Basin joint venture area. The 2022 capital program is expected to place 475 to 505 wells on production. Pioneer expects 2022 oil production of 350 to 365 thousand barrels of oil per day (MBOPD) and total production of 623 to 648 thousand barrels of oil equivalent per day (MBOEPD).