oil & gas assets

Canadian Scout

Serving the Canadian E&P market with news, analysis and business opportunities.

Canadian Scout
The Canadian Scout (blue banner report) covers news and analysis on the Canadian exploration and production (E&P) sector including new well discoveries, drilling activities, acreage sales, industry statistics (drilling results, activity permits & intents to drill) and technological updates. Besides composite E&P news, the Canadian Scout also carries market insight, analyst comments and respected featured interviews with leading E&P executives.

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Stronger well performance lifts Tourmaline YE18 guidance
Thanks to stronger than expected well performance, Tourmaline Oil Corp. now expects its production to reach 1.8 Bcfe/d by year’s end, up 3.4% from previous guidance. The company already reached its...
Dec 04, 2018
Enerplus earnings jump to $87 million as production climbs
A decline in non-cash losses on its commodity derivative instruments and an increase in production and oil and gas prices allowed Enerplus Corp. to boost revenue, earnings and cash flows in Q3. The...
Dec 04, 2018
ARC Resources boosts 2019 planned capex to $775 million
ARC Resources unveiled a $775 million capital budget for 2019 that kicks off a three-year program designed to boost organic liquids production and improve cash flows per share. The 2019 capital...
Dec 04, 2018
BHP and Equinor awarded acreage offshore Canada
BHP submitted a high bid of $822 million (US$625 million) for an operated 100% WI in two six-year exploration licenses in Eastern Canada’s offshore Orphan Basin Canada-Newfoundland to the...
Dec 04, 2018
Tamarack Valley earnings up 85% YOY on record production
Tamarack Valley Energy reported record Q3 production of 24,765 boe/d, up 4% from Q2 and 21% YOY, and said it was on track to meet its 2018 production guidance of 24,000-24,500 boe/d (~65% oil and...
Dec 04, 2018
Whitecap’s Q3 capex climbs 28% YOY to $115 million
Whitecap Resources spent $115 million on property plant and equipment in Q3, up 28% from $90 million a year ago. Of that total, about 99% was spent on drilling, completions and...
Dec 04, 2018
Delphi accelerates 2019 capex at West Bigstone
Delphi Energy Corp. plans to accelerate part of its 2019 capital budget to Q4 after it successfully delineated its West Bigstone assets earlier this year. The accelerated capex plans will transfer...
Dec 04, 2018
Alberta orders 8.7% output cuts to boost oil prices
Alberta Premier Rachel Notley ordered oil and gas operators in the province to cut production across-theboard by 8.7% to reduce a growing glut of oil in the province and prop up lagging oil prices,...
Dec 04, 2018
Seven Generations to complete gas processing plant in Q4
Seven Generations Energy plans to spend up to $270 million in capital investments in Q4, including the development of the Nest 3 exploration area within the Kakwa River project and the completion...
Dec 04, 2018
Murphy Kaybob Duvernay production grows to 10,000 boe/d
Murphy Oil produced 10,000 boe/d (61% liquids) from its Kaybob Duvernay assets in Q3, up 250% YOY. Q3 marked the sixth consecutive quarter the company has boosted production from the...
Dec 04, 2018

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