A steep drop in oil prices in the first months of the year has undermined any plans for oil companies to “drill, baby, drill.

Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN), creating ...

The rig count in Canada ended the week with 7 additional rigs running. For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were ...

Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. oil producer, the ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on ...

In comparison, Canadian oil production is dominated by the oilsands ... We're not planning on shutting any rigs down or changing our plans yet. And it largely is because our company can ...