Exploration & Production | Capital Markets | Capital Expenditure
Gibson Energy Increases Capital Budget by 30 Percent
Print
|
Gibson Energy Inc. has announced that its Board of Directors has approved the Company's 2014 capital spending plan of $410 million.
This is approximately 30% higher than Gibson's 2013 capital budget and represents the largest planned spend in the Company's history.
Highlights $340 million - or 83% - of the 2014 capital spending plan is directed towards growth investments of which $230 million - or 68% - is earmarked for the Terminals and Pipelines segment; Significant investments are also planned for the Environmental Services segment; and Estimated growth capital spending for 2015 in excess of $250 million.Stewart Hanlon, Gibson's President and Chief Executive Officer said "Gibson's 2014 capital plan, which marks the third consecutive year that we have increased our annual capital…
- ✓ 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…