Print 
Connacher Oil and Gas Limited announces that in light of the current low commodity price environment, the Company will accelerate planned maintenance at Great Divide.
The Company plans to reduce output over the next couple of months by approximately 3,000 barrels of bitumen per day as this work progresses. The Company will advise if further production decreases become necessary.
More Production News
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside
There are numerous reports speculating how much U.S. oil production will growth in 2024. Well we decided to take a look at the presentations, 4Q 2023 transcripts, press…
Ranger/Penn Virginia Provides Production Update
Ranger Oil Co formerly known as Penn Virgina announced an operational update. Preliminary Third Quarter 2021 Operational and Financial Update The operational and financial results below represent results…
EIA Lowers 2021 Oil Production Outlook; 2022 on Track to See Output Gains
The EIA has cut its oil output forecast for 2021, according to a recent report by Reuters. On Tuesday (5/11), the EIA added 20,000 barrels per day (BPD)…
Whitecap Resources Ups 2021 Production Outlook After NAL, TORC Deals
Whitecap Resources Inc. has updated its 2021 capital program, increasing its 2021 production guidance with no change to the capital program, resulting in increased free funds flow. Increased…
WTI Jumps as OPEC+ Signals It Will Not Boost Production
Oil prices rallied midday Thursday (3/4) on news that OPEC+ has likely decided against raising production in April, according to multiple reports. The cartel signaled that it will…
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…
North America News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…