Operational Updates
Chinook Details Tunisian Producers; Talks Canadian Sale Plans
Chinook Energy Inc. has reported its financial and operating results for the three months ended September 30, 2012.
Tunisia
Bir Ben Tartar ConcessionSuccessful results from our activity on the Bir Ben Tartar Concession (BBT Concession) continued in Q3 with the drilling and completion of our second horizontal well at TT-13 which was spudded on July 7, 2012 and subsequently completed on September 4, 2012. Gross production over the first 10 days averaged 3,251 (1,756 net) barrels of oil per day (bopd) and was subsequently restricted to 1,500 (810 net) bopd due to capacity constraints and limitations on crude oil trucking and surface water handling.
Gross production from the first horizontal well at TT-16 averaged 897 (484 net) bopd over the first 10 days of production, 825 (446 net) bopd…
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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…