CNRL’s “drill-to-fill” strategy refers to its approach of drilling new wells primarily to maintain or maximize facility and infrastructure utilization, rather than for aggressive production growth. This strategy is designed to optimize existing assets such as pipelines, processing plants, and upgrader capacity.
Canadian Natural Resources Limited (CNRL) posted strong drilling activity in Q1 2025, continuing a positive trajectory from the prior year. A review of operational data reveals several notable trends across rig deployment, field concentration, and drilling methodologies—showing both consistency and strategic shifts in resource development.
Canadian Natural Resources Limited (CNRL) holds a significant portfolio of thermal in situ oil sands assets in Canada, strategically located in the Athabasca and Cold Lake deposits.
As part of its second-quarter earnings report last week, Canadian Natural Resources (CNRL) updated investors on its plans for organic production growth out of its oil sands assets.
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
Canadian Natural Resources Limited presented a donation to Bert Ambrose Elementary on Monday for their meal program.
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.
CNRL updated 2022 base and strategic growth capital program is now targeted to be approximately $4.9 billion and corporate production guidance range is increasing to 1,295 MBOE/d to 1,335 MBOE/d.
Canadian Natural Resources Q1 2022 results. Download CNLR drilling and facility reports.
Canadian Natural, the country’s biggest oil and natural gas producer, expects to spend $4.35 billion in 2022, higher than its 2021 estimate of $3.48 billion.
