Spartan Delta’s Big Moves in Calgary: What You Need to Know
Calgary's energy scene is buzzing, and Spartan Delta Corp. just delivered some impressive news for local residents, announcing robust Q3 2025 results on November 4th. The company reported strong growth driven by its West Shale Basin Duvernay and Deep Basin operations, including the drilling and completion of multiple new wells. They're targeting an estimated annualized 2025 production of approximately 40,000 BOE/d.
This positive update resonates in a Calgary where the energy sector remains a foundational pillar, supporting over 100,000 direct and indirect jobs across the region. While the city's broader unemployment rate is projected to be 7.5% in 2025 due to rapid population growth outpacing job creation, there's optimism within the energy sector, with the drilling segment anticipating a 7% increase in jobs year-over-year for 2025.
CEO Fotis Kalantzis highlighted a significant boost in Spartan's total credit capacity to $450 million, a move announced on October 7, 2025, stating it provides a "solid foundation for expansion in 2026." This potential for growth is good news for Calgarians, especially with skilled trades in the energy sector seeing continued demand. For those looking to dive deeper into the financials, details are available on SEDAR+ or Spartan's website.
