CAPEX


All posts for CAPEX

Why do oil and gas companies hedge?

Hedging oil and gas production for months or even years into the future is a vital tool for companies to provide certainty to their cash flow statements, by potentially securing future revenues for a specific, pre-determined period of time. Indeed, for some companies an effective hedging strategy is ...

Mark Young


Posted 3 months agoOpinion > upstreamonshoreCanada +7

Low-cost light oil production drives Viking M&A deals

Low-cost light oil production is the key factor driving dramatic and sustained volumes of M&A activity within Canada's high-profile Viking formation. More than Cdn$8 billion in asset and corporate deals involved Viking light oil assets in Eastern Alberta and Saskatchewan in 33 separate deals si ...

Mark Young


Posted 7 months agoOpinion > mergersacquisitionsCanada +7

68% of Canadian oil & gas companies will spend more in 2017

Following more than a year of cost cutting and spending reductions, early 2017 guidance in the Canadian oil and gas sector suggests that we will see a rebound in activity over the next twelve months. A far more stable oil price, as well as the past 18-months of adapting to a lower-for-longer prici ...

Mark Young


Posted 8 months agoOpinion > Production GuidanceCAPEXCanada +9

68% of Canadian oil & gas companies will spend more in 2017

Following more than a year of cost cutting and spending reductions, early 2017 guidance in the Canadian oil and gas sector suggests that we will see a rebound in activity over the next twelve months. A far more stable oil price, as well as the past 18-months of adapting to a lower-for-longer prici ...

Mark Young


Posted 8 months agoOpinion > Production GuidanceCAPEXCanada +9

Perpetual Energy announces 2017 capital spending and production guidance

CALGARY, Dec. 8, 2016 /CNW/ - Perpetual Energy Inc. ("Perpetual", the "Company" or the "Corporation") (TSX:PMT) is pleased to announce its capital spending plans and expected production growth for 2017. Perpetual's success in advancing its strategic priorities in 2016, coupled with strengthening co ...

Katie Woodward - OilVoice


Posted 9 months agoPress > Perpetual Energy2017CAPEX +1

JSC KazMunaiGas Exploration Production announces Resolutions of the Meeting of the Board of Directors

JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting, where the Board approved a revision of the 2016 capital expenditures plan. As previously announced, the Company started construction of a gas treatment unit (GTU) for the Prorva group of fields at JSC "Embamunaigas" ...

Katie Woodward - OilVoice


Posted 9 months agoPress > KazMunaiGasBoard of Directors2016 +1

CWC Energy Services Corp. Announces 2017 Capital Expenditure Budget

CALGARY, Dec. 6, 2016 /CNW/ - (TSXV: CWC) CWC Energy Services Corp. ("CWC" or the "Company") is pleased to announce that the Board of Directors has approved a 2017 capital expenditure budget of $5.9 million, $0.5 million of which is growth capital to improve certain well servicing equipment while th ...

Katie Woodward - OilVoice


Posted 9 months agoPress > CWC Energy ServicesCAPEX2017 +2

Precision Drilling Corporation announces 2017 capital expenditure plan

Precision Drilling Corporation ("Precision" or the "Corporation") (TSX:PD) (NYSE:PDS) announced today that planned capital expenditures for 2017 are $109 million. The 2017 capital expenditure plan includes $51 million to upgrade existing rigs, expansion capital of $7 million, which is carried forwar ...

Katie Woodward - OilVoice


Posted 9 months agoPress > Precision Drilling Corporation2017CAPEX +1