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More Capital Expenditure - 2018 News
Range Resources Spends $20MM Less than Expected in 2018
Range Resources announced that 2018 capital spending is currently estimated to be approximately $20 million below the $941 million budgeted for the year. The Company's 2018 program was…
Canada Well Forecast for 2019 Will Fall 20% Year over Year
We were asked by a customer of ours to provide them with a detailed forecast of Canada Drilling & Completion activity forecast. So we looked at the data…
QEP Ups 2018 Capex for More Permian Wells, Williston Refracs; Minimal Output Growth
QEP Resources reported its Q3 2018 results. Increases 2018 Capex for Permian Wells, Williston Refracs Increased full year 2018 capital expenditure guidance by 4% at the midpoint to…
Approach Defers Completion in Q3; Will Spend Less than Expected in 2018
Approach Resources reported third quarter 2018 financial and operational results. Defers Q3 Completions; Capex Will be -21% Below Midpoint of Original Budget - Q3 Production of 1,043 MBoe…
SRC IDs 22% YOY Output Growth in Q3; Adds Second Completion Crew, Ups Capex
SRC Energy Inc. has detailed its preliminary Q3 2018 operating results and recent well activity. Production Summary Production is up +22% YOY at 49.2 MBOEPD and up +3%…
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…