Operator · Canada Oil Sands, Cardium Shale & Duvernay Shale
Canadian Natural Resources (CNRL)
44 articles mentioning Canadian Natural Resources (CNRL) · Page 1 of 3
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 annual average production (~74% liquids) and ~3% growth...
CNRL Fourth Quarter, Full Year 2020 Results
Canadian Natural Resources Ltd. (CNRL) reported its Q4 and full year 2020 results. Tim McKay, President of Canadian Natural, stated “The impact of the COVID-19 pandemic effected the very way we conducted our lives and the...
CNRL Ups Budget for 2021; Increases Onshore, Unconventional Spending 36%
Canadian Natural Resources Ltd. (CNRL) has reported its 2021 capital budget. Highlights: 2021 Capex: $3.205 billion Conventional / Unconventional Assets: $1.345 billion Long Life Low Decline Assets: $1.860 billion 2021 Production: 1,190,000 BOE/d and 1,260,000 BOE/d,...
CNRL Completes Acquisition of Painted Pony Energy
Canadian Natural Resources Limited has closed on its acquisition of Painted Pony Energy Ltd. Canadian Natural welcomes Painted Pony employees to its Northeast British Columbia and Calgary head office teams. The acquired production, infrastructure and land...
CNRL Cuts Over $1.0B from 2020 Capex; Execs Take Pay Cut
Canadian Natural Resources Limited (CNRL) has updated its 2020 outlook. CNRL has reduced its 2020 capital spending budget to approximately $2,960 million, a $1,090 million reduction from its original 2020 budget (a decrease of 27%). Notwithstanding...
CNRL IDs 2020 Capex of $3.95B; Talks Fourth Quarter 2019 Results
Canadian Natural Resources Ltd. (CNRL) has reported its Q4 and year-end 2019 results as well as its 2020 outlook. 2020 Outlook The Company targets annual 2020 production levels to average between 910,000 bbl/d and 970,000 bbl/d...
Oil Sands Operators to Increase 2020 Spending +14% to $10 Billion
The top oil sands operators disclosed their capital spending budugets and 2020 will see an increase of +14%. CNRL is the only company that did not provide a detailed break-out of the company's capex. As we...
CNRL to Spend More in 2020; Numbers Don't Add Up
CNRL annouced its 2020 capital budget. Without a detailed drilling plan and capex budget it is hard to say whether or not this +$250 million is just political pondering. Here is what the company said about...
CNRL Reports Q3 2019 Results
Canadian Natural Resources Ltd. (CNRL) reported its Q3 2019 results. Commenting on the Company’s third quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s third quarter results are an excellent example of...
CNRL Details Q2 2019 Results
Canadian Natural Resource Limited (CNRL) reported its Q2 2019 results. Outlook The Company targets annual 2019 production levels to average between 839,000 bbl/d and 888,000 bbl/d of crude oil and NGLs and between 1,485 MMcf/d and...
CNRL Restarts Pelican Lake, Woodenhouse Ops After Wildfire
Canadian Natural Resources Limited has reported an update on its Pelican Lake and Woodenhouse operations. The Company has now been able to gain access to its wells and facilities in these areas, following the previously announced...
CNRL Talks Q1 2019 Results
Canadian Natural Resources Ltd. (CNRL) reported its Q1 2019 results. Commenting on the Company's first quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "In the first quarter, the Company demonstrated the resilience and...
Top Canadian Oil Company To Drill 97 Wells In 2019 vs 516 In 2018
CNRL today provided guidance on its 2019 development program. As most of you are aware the the WCS differentials are causing more and more Canadian E&P to curtain drilling activity in 2019. Here is a breakdown...
CNRL Cutting Spending 21% for 2019; Massive Cuts to Drilling Program
Canadian Natural Resources Ltd. has IDed its 2019 capital budget and development plan. The company has cut down on drilling plans substantially compared to 2018 and has cut its budget accordingly - noting that it can...
CNRL Talks Q2 Results; Production Up +15% YOY to 1.05 MMBOEPD
Canadian Natural Resources reported its Q2 2018 results. Highlights: • The Company’s production volumes in Q2/18 averaged 1,050,376 BOE/d, an increase of 15% from Q2/17 levels, mainly due to the Horizon Phase 3 expansion and acquisitions...
CNRL Hits One Billion Barrel Milestone at Athabasca Oil Sands Project
Canadian Natural Resources has achieved a mined production milestone of 1 billion barrels at its Athabasca Oil Sands project since operations began in 2003. Canadian Natural’s President Tim McKay stated, “This is a significant milestone and...
Canadian Natural Resources IDs 2018 Budget; Talks Q3 Results
CNRL reported its Q3 2017 results and its 2018 capital plan. 2018 Plan Highlights: - 2018 Capex: $4.3 billion (down -10% from 2017) - this excludes Athabasca Oil Sands acquisition capital – 2018 Production: 815,000-885,000 Bbls/d...
CNRL Hits Record Production Levels in Q3; 1.04 MMBOEPD
CNRL reported its Q3 2017 results. Highlights: quarterly production reached record levels for the second straight quarter at just under 1,040,000 BOE/d, up 14% from the second quarter of 2017. reached a major milestone with the...
CNRL Reports 2018 Spending Plans; Production Expectations
CNRL released its Q3 results and detailed its preliminary plans for 2018. Its budget is relatively flat from 2017. Highlights include: Canadian Natural’s 2018 capital budget is targeted at approximately $4.3 billion, $0.5 billion less than...
CNRL Hits Record Production in Q2 at 913 MBOEPD; Touts Oil Sand Deal
Canadian Natural Resources (CNRL) reported its Q2 2017 results. Highlights include: Corporate production volumes averaged a record 913,171 BOE/d in Q2/17, representing 4% and 16% increases from Q1/17 and Q2/16 levels Closed the transformational $8.5 billion...