Terra Energy Reports Shut-in Wells, Staff Resignations
The cost of operations, including processing and transportation of commodities, field labor and production costs, royalties and administrative expenses, exceed gross revenues at current commodity pricing levels.
Canbriam Provides Altares Montney Asset Operations Update
Canbriam targets a capital budget between CA$100 and CA$110 million in 2016, about two-thirds of which will support drilling and completions at Altares Montney. Remainder will support ongoing infrastructure development.
Encana To Cut Capex, Production, Jobs
Encana, which cut 200 jobs in July last year, said on Feb. 24 it would lay off 20% of its workforce this year.
Black Swan Commissions Aitken Creek Shallow Gas Plant
At year-end 2015, Black Swan held more than 217,000 net acres of Montney land with more than 2,800 potential horizontal drilling locations. Black Swan has drilled 46 horizontal Montney wells.
Cequence Reports Recent Montney Operational Highlights
Paul Wanklyn, president and CEO, said that the higher liquids content at the 16-33 well is encouraging and opens up new potential in the western portion of Simonette.
Montney Gross Acreage Map
View Large MapCompanyNet AcreageCNRL1,043,800Encana1,009,900Petronas796,750ARC Resources568,320All Top Acreage Holders
Athabasca Forms JV With Murphy To Develop Montney, Duvernay
At closing, Athabasca forecasts about C$900 million of liquidity with a net cash position of about C$80 million adjusted for debt.
Painted Pony Reduces 2016 Capex Program By 8%
Drilling and completions operations necessary for startup of AltaGas Townsend Facility are also on schedule. Facility is about 70% complete and commissioning should begin in the middle of this year.
TGS Adds To Canadian, US Multi-client Libraries
The Chickadee survey is located in West Central Alberta, while the Kingfisher 3D spans Kingfisher, Blaine and Canadian counties in Oklahoma.
Paramount Resources Provides 2015 Operations Update
Paramount said it is currently conducting a process for the potential sale of certain midstream assets in the Kaybob operating unit and will provide more information as appropriate.