The current geopolitical environment presents Canada with another window to grow oilsands production to help meet future demand, Cenovus Energy Inc. president and chief executive officer Jon McKenzie said at its first quarter 2026 earnings call.

Ongoing expansions of existing oil pipelines should provide enough egress for Canadian Natural Resources Limited’s near- to mid-term planned oilsands growth, president Scott Stauth said at the company’s first quarter 2026 earnings call Thursday.

Canadian Natural Resources Limited reported record production of approximately 773,000 boe/d from its conventional oil and natural gas business in the first quarter of 2026, consisting of average liquids production of 329,000 bbls/d and natural gas production of 2.67 bcf/d of natural gas.

Results from the first two SAGD pads drilled at Canadian Natural Resources Limited’s Pike 1 project at its Jackfish operations came on stronger than expected, with the additional production helping the asset exceed nameplate capacity in the quarter,  president Scott Stauth said this morning on CNRL’s first quarter 2026 earnings call.

Cenovus Energy Inc. is seeing improved performance and production across its thermal oilsands assets, with more to come as new wells are brought on the remainder of 2026, president and chief executive officer Jon McKenzie said during its first quarter 2026 earnings call.

International Petroleum Corporation continues to see "great progress" at Phase 1 of its Blackrod SAGD project in northern Alberta, an earnings call heard this week.

Vermilion Energy Inc.’s diversified exposure to multiple commodities and pricing benchmarks enhances its resilience across a wide range of market conditions, according to its top executive.

Subsequent to the end of its first quarter 2026, Vermilion Energy Inc. joined the Rockies LNG Partners consortium and is currently evaluating the delivery of a portion of its Montney gas output to the Ksi Lisims LNG project.

The Alberta government brought in $33.34 million at the May 6 land sale.

Working gas in storage was 2.205 tcf as of May 1, 2026, according to Energy Information Administration (EIA) estimates.

Tamarack Valley Energy Ltd. successfully executed its first quarter winter drilling program for ongoing development of the company's core Clearwater and Charlie Lake areas.

Strathcona Resources Ltd.’s production for the first quarter of 2026 of 117,000 boe/d (99.7 per cent liquids) was in-line versus the fourth quarter of 2025.

Capital expenditures of $7.5 million in the first quarter for Pine Cliff Energy Ltd. included wellsite equipment and completion costs associated with the Glauconite well (4-23) that was brought on production in the second half of February.

AKITA Drilling Ltd. reported a net loss of $2.4 million for the three months ended March 31, 2026, compared to $8.6 million for the same period in 2025.