Mike Dunn

In Western Canada, the gas-directed rig count rose by 2 to 65 rigs, while the oil-directed rig count fell by 6 to 142 rigs, for the week ended August 7, according to Baker Hughes data.

The quarter was a pivotal one for Keyera, as it closed the CAD$4.6 billion purchase of Plains’ Canadian NGLs business, and the CAD$1.2 billion purchase of the other 50% of KAPS from Stonepeak.

South Bow disclosed that the Prairie Connector open season garnered 465 Mb/d of 20-year, firm service binding commitments from Hardisty, AB to U.S. delivery points, from nine customers. The volume commitment is basically in line with the rumored number circulating in media reports last quarter.

Canadian Natural Resources Limited (CNRL) posted a record quarter for total production, liquids production, adjusted net earnings, and funds flow, aided by strong operating results, acquisitions, and strong oil prices.

The key themes of Suncor’s Q2 results and earnings call were continued improvement in refined products performance and maintenance turnaround efficiencies, record precipitation impacting mined production, and record financial performance.