Exploration & Production
Crew to Focus on Cardium Drilling; Montney Wells Performing Well
Print
|
OPERATIONS UPDATE
Pekisko Play - Princess, Alberta
At Princess, Alberta, Crew continues to progress both its short term strategy (infrastructure investment and individual pool delineation) and long term strategy (new pool identification and improved recovery of existing pools through waterflood implementation). In 2011, Crew drilled 62 horizontal, 45 vertical and 13 salt water disposal wells and invested over $59 million in sustaining infrastructure to ensure the long term economics of this oil play.
Production of 10,400 boe per day was achieved in December 2011 and as we have experienced historically since acquiring the property in 2008, production volumes are projected to decline through spring break-up as flush declines from the 2011 program take effect. These declines will be somewhat…
- ✓ 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…