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More Drilling Increase News
Permian Operator Bolsers 2018 Budget by Over +30%; Adds Wells to Agenda
Ring Energy has bumped up its 2018 budget by approximately $47 million, making an estimated total of $197 million (an increase of over +30%). Ring is not the…
Murphy Ups 2018 Well Plans for Duvernay; Touts IP30s at Karnes Eagle Ford Pad
Murphy Oil reported its Q2 2018 results. Kaybob Duvernay - Adds $50MM to Capex to Drill More Wells Murphy saw an 108% increase in Kaybob Duvernay production YOY…
Surge IDs Q2 Output of 17.1 MBOEPD; Up +13% YOY
Surge Energy reported its Q2 2018 results. Based on excellent development drilling results in all three of Surge's core areas, together with successful waterflood results at Shaunavon and…
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…