Exploration & Production | Operational Updates | Production Rates | Forecast - Production
Arsenal Completes Princess Operations, Updates Mannville Reserves
Print
|
Arsenal Energy Inc. has released an operations update.
At Princess, Alberta, Arsenal has completed all tie-in operations, battery debottlenecking and water disposal upgrades.
Current total production from Princess is approximately 1,500 barrels of oil equivalent (boe) per day (80% oil).
In August, Arsenal commissioned Deloitte LLP, to prepare an independent reserve evaluation of Arsenal’s Princess Mannville HHH pool. The pool, developed by Arsenal in 2014, is approximately one section in size with four wells currently producing approximately 750 boe per day (95% oil). The report effective September 30, 2014 recognizes total proved plus probable recoverable reserves of approximately 1.4 million boe with a net present value (discounted @ 10%) of approximately $44.9 million. These reserves…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…