Kiwetinohk's Big Moves: What It Means for Calgary Gas Prices
Calgary’s energy scene is buzzing, and Kiwetinohk Energy just dropped some big news that could ripple through local markets. On November 5, 2025, the company announced its Q3 results, showcasing impressive milestones and a strategic partnership amidst a dynamic period for Alberta’s natural gas sector.
Notably, Kiwetinohk drilled Canada's longest single-leg horizontal well, stretching an incredible 9,500 meters. CEO Pat Carlson proudly called it a "major achievement." The company also extended its crucial Alliance Pipeline commitment through 2035, a move that already saw a 23% toll reduction take effect on November 1, 2025. This comes as Calgary’s energy industry continues to navigate fluctuating natural gas prices, with regulated rates in Alberta remaining low this November due to strong local supply and high storage levels. This context highlights the importance of efficient transportation and strategic partnerships in our energy capital.
Kiwetinohk isn't just innovating; they're financially strong, reporting approximately $95 million in free cash flow for the first nine months of 2025. This mirrors the broader optimism in Calgary's energy sector, which sees ongoing investments in innovation and strategic acquisitions despite market shifts.
Calgarians, mark your calendars: a Special Meeting is set for on or about December 16, 2025, where shareholders will vote on a proposed merger with Cygnet Energy Ltd. These kinds of strategic plays reinforce Calgary's position as a hub for energy deals and innovation, keeping us on our toes about what's next for our vibrant energy landscape.
