Exploration & Production | Top Story | Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program
Lightstream Reins in Capex, Plans Sale of Bakken Unit
Print
|
Lightstream Resources Ltd. has announced our 2015 capital program as well as certain strategic initiatives, including a 62.5 percent dividend reduction and plans to monetize all or a portion of our Bakken business unit, with the goal of maximizing our financial flexibility during this current environment of low oil prices and optimizing the long term value of the Company’s assets.
Corporate StrategyIn recent weeks, oil prices have dropped to five year lows, recently hitting US$55.91/bbl (WTI), a 48% drop from the peak price earlier this year. At Lightstream, we are managing our business on the basis that we could be operating in this low price environment for an extended period of time. Our goal is the preservation of our long-term value by maintaining our inventory of opportunities and…
- ✓ 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…