News

Project updates and company news

The latest on EVERGO’s producing and developing projects, and on how the company is growing.

Completed well site on production
Project updates

Producing and developing projects

Multiple blocks are on production through co-development, and our medium oil fracturing project is advancing steadily.

Production timeline

  1. 2024 On production L039
  2. 2025 Co-developed · on production A138L200
  3. 2026 Co-developed · on production L197L199L080F103A212A213
  4. Late 2026 – early 2027 Expected on production A086
L200 Co-developed Pad L200
Producing Co-developed

L200 Co-developed Pad

On production
December 2025
Method
Multilateral wells · CHOPS
A138 Multi-well Pad A138
Producing Co-developed

A138 Multi-well Pad

On production
July 2025
Method
Multilateral wells · CHOPS
L039 Multilateral Well L039
Producing

L039 Multilateral Well

On production
June 2024
Method
Multilateral well · CHOPS
A086 Medium Oil Project A086 Illustration
Advancing

A086 Medium Oil Project

Expected on production
Late 2026 – early 2027
Method
Long laterals · multi-stage fracturing
Company news

News and milestones

Project milestones and company news, most recent first.

  1. 2026
    A086 medium oil fracturing project advances steadilyIllustration
    Project updateA086

    A086 medium oil fracturing project advances steadily

    Our medium oil project, developed with long laterals and multi-stage fracturing, is advancing steadily and is expected on production between late 2026 and early 2027.

  2. 2026
    Several co-developed blocks come on production
    Project update

    Several co-developed blocks come on production

    Blocks L197, L199, L080, F103, A212 and A213 came on production through co-development during 2026.

  3. December 2025
    L200 co-developed pad comes on production
    Project updateL200

    L200 co-developed pad comes on production

    The co-developed multi-well pad came on production smoothly and is performing well.

  4. July 2025
    A138 multi-well pad comes on production
    Project updateA138

    A138 multi-well pad comes on production

    Several multilateral wells came on production together and are running steadily.

  5. 2025
    EVERGO expands into medium oilIllustration
    Company news

    EVERGO expands into medium oil

    EVERGO now runs two technology routes in parallel: cold heavy oil production and medium oil fracturing.

  6. October 2024
    Joint development agreement signed
    Company news

    Joint development agreement signed

    EVERGO signed a joint development agreement with a partner to advance block development together.

  7. June 2024
    L039 multilateral well comes on production
    Project updateL039

    L039 multilateral well comes on production

    Our first multilateral well came on production, beating plan on both drilling time and cost.

  8. 2023
    EVERGO enters the Western Canadian heavy oil belt
    Company news

    EVERGO enters the Western Canadian heavy oil belt

    EVERGO secured its first blocks in the heavy oil areas of Alberta and Saskatchewan and completed geological evaluation and well planning.

Seeking long-term strategic partners

We welcome investors, industry partners and neighbouring operators to develop Western Canadian oil and gas with us through project participation, joint ventures or joint development.