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Husky Energy Upstream Production Down on Asset Sales
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Increased production of 327,000 barrels of oil equivalent per day (boe/day) and steady refining throughputs contributed to funds from operations of $670 million and free cash flow of $279 million in the fourth quarter.
Q4 2016 Results Net thermal production was 120,000 barrels per day (bbls/day) at the end of December, 2016. This included Lloyd thermal projects, the Tucker Thermal Project and the Sunrise Energy Project. Net production from these projects over the fourth quarter averaged 115,300 bbls/day, an increase of 46 percent over the same period in 2015. The Edam East, Vawn and Edam West Lloyd thermal projects averaged 28,500 bbls/day, surpassing their combined design capacity by 15 percent with an average steam-oil ratio of 2.2. Capital expenditures in the fourth quarter were $391…- ✓ Full news archive — U.S., Canada & international coverage
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Tamarack Rebalances 2026 Spending Toward Clearwater
Tamarack Valley Energy’s 2026 development plan outlines a moderated capital program of $390–$410 million targeting annual average production of 69,000–71,000 boe/d and an 84%–86% oil and NGL weighting.…
Peyto Targets 70–80 Net Wells in 2026 on a $450–$500MM Capital Program
eyto’s preliminary 2026 development program is set at $450–$500 million, matching its 2025 capital budget of $450–$500 million. The 2026 plan is designed to be flexible, with the…
Ranger/Penn Virginia Provides Production Update
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Apache Reports Prelim 1Q'21 Data; Production Down Signifcantly
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Ring Energy Progresses Drilling Ops at Permian NWS Project
Ring Energy, Inc. recently initiated the next phase of its previously-announced Northwest Shelf (NWS) drilling program with three wells located in the top tier acreage of the Company's…
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…
International 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…