Record

Permian Basin smashes production record from 1973 by 25 million barrels

Permian production peak will push U.S. to new record liquids production by end of 2018 The prolific Permian Basin, a mature hydrocarbon ‘super basin’ located in west Texas and southeastern New Mexico, reached a new oil-production record of 815 million barrels or more* in 2017—far exceeding its previous peak of 790 million barrels set in […]

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Alberta renewable auction sets Canadian record at 3.7 cent per kw/h average

By 2030, program expected to attract at least $10 billion of investment Three companies have been chosen in the opening round of the Renewable Electricity Program, which will result in about $1 billion of private-sector investment in green power generation in Alberta.  The successful bids have set a record for the lowest renewable electricity pricing

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Oil sands giant Suncor repays US $1.25 billion bond early, buys back $2 billion of shares

Suncor announced plans to repurchase up $2 billion of the company’s shares over next twelve months, together with an early repayment of a $1.25USD billion bond, according to a press release. “Our business continues to deliver strong cash flow even at current commodity prices,” said Steve Williams, Suncor president and CEO. “We have made commitments

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Seven Generation Energy achieves record production in 2016

Planned capital spending between $1.5 and $1.6 billion Seven Generations Energy Ltd.’s  first quarter production averaged 153,100 boe/d, up 73 per cent and setting a quarterly record, according to a press release. With record quarterly production and stronger commodity prices, funds from operations set a record at $272.3 million or 75 cents per share, an increase

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