Service & Supply | Oilfield Services | Capital Markets | Capital Expenditure
Cathedral Energy Services Feeling Pinch of Price Environment
Print
|
Cathedral Energy Services Ltd. has announced that the Company's Board of Directors have approved a 2015 capital budget of $15 million which includes $11.2 million of growth expenditures, $3.3 million of maintenance expenditures and $0.5 million of infrastructure expenditures.
The Directional Drilling division is expected to invest $13.1 million of the 2015 capital budget including $10.2 million for growth, $2.4 million for maintenance and $0.5 million for infrastructure. Growth capital expenditures will include the addition of mud motors and drill collars for the replacement of high rental expense items and an initial build of 25 motors for a Canadian mud motor rental fleet. Maintenance capital expenditures are expected to allow for: 1) continued enhancement of the Company's Fusion MWD…
- ✓ 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…