Financial Results

  • Marquee Divests Assets For Nearly $7 Million

    Marquee Energy Ltd. signed a purchase and sale agreement on Aug. 29, 2018 to divest approximately 195 boe/d of non-core assets for gross proceeds of $6.6 million.

    August 30, 2018, 8:16 AM MDT

  • Leucrotta Targeting ‘BLM’ Zone

    Leucrotta Exploration Inc. will drill an exploratory vertical well for a Montney zone below the Lower Montney Turbidite, which it termed the "BLM" zone for Below Lower Montney.

    August 29, 2018, 6:57 AM MDT

  • Traverse Evaluating Alternatives For Duvernay Land Development

    Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.

    August 24, 2018, 9:43 AM MDT

  • Record Production For Hemisphere

    Hemisphere Energy Corporation reported record quarterly average production of 1,053 boe/d (96 per cent oil) for the second quarter, a 76 per cent increase over the second quarter of 2017.

    August 24, 2018, 8:59 AM MDT

  • Iron Bridge Narrows Net Loss As It Seeks Alternative To Velvet’s Hostile Bed

    Iron Bridge Resources Inc. posted a net loss for the second quarter as it slowed the pace of its cryptocurrency venture while seeking an alternative to Velvet Energy Ltd.’s hostile takeover bid.

    August 15, 2018, 11:24 AM MDT

  • Storm Outlines Facility Construction Needed For ‘Growth Plan’

    Storm Resources Ltd. has finalized a growth plan which will result in the construction of a 50 mmcf/d sour gas plant to develop the Nig land block and the construction of a 50 mmcf/d field compression facility to develop the Fireweed land block.

    August 15, 2018, 8:31 AM MDT

  • TransGlobe Cardium Program Set To Kick Off Late Aug./Early Sept.

    TransGlobe Energy Corporation says it has finalized its Cardium drilling program, and is set to kick it off later this month or in early September.

    August 14, 2018, 9:17 AM MDT

  • Chinook Mitigates Take-Or-Pay Losses By Buying Gas; Production Up In Q2

    Chinook Energy Inc. increased production in the second quarter, but losses on take-or-pay processing contracts marred its financial results. ​​​​​​​

    August 14, 2018, 10:42 AM MDT

  • Surge’s Current Production Exceeds 2018 Exit Rate

    Surge Energy Inc. says second quarter production exceeded expectations due to excellent development drilling results in all three of its core areas (Sparky, Valhalla and Shaunavon) together with successful waterflood results at Shaunavon and Eyehill.

    August 13, 2018, 6:55 AM MDT

  • Cequence Greatly Narrows Loss, Reduces Gas Weighting, In Q2

    Cequence Energy Ltd. says its second quarter liquid volumes rose by 34 per cent over the first quarter of 2018.

    August 13, 2018, 9:31 AM MDT

  • Enerplus Boosts Production, Capital Guidance; Increased Output In Q2

    Enerplus Corporation has boosted its 2018 capital guidance to $585 million, which was the top range of the previous guidance of $535-$585 million, largely related to increased non-operated activity.

    August 10, 2018, 11:09 AM MDT

  • Pine Cliff Hopeful Of Stronger Natgas Prices Through Winter

    Pine Cliff Energy Ltd. noted that AECO gas prices have improved in Q3 from Q2, “but are still not at levels we think will justify producers drilling for dry natural gas in Western Canada.”

    August 10, 2018, 12 AM MDT

  • Altura’s Q2 Output Declines, Exit Rate Guidance Increased

    Altura Energy Inc.’s second quarter production decreased to 991 boe/d from 1,205 boe/d during the comparable period in 2017.

    August 10, 2018, 4:07 AM MDT

  • Tamarack Valley Moving Planned 2019 Capex Into 2018

    Tamarack Valley Energy Ltd.’s strong operational execution provides flexibility to allocate capital to projects such as the Veteran waterflood in the latter half of 2018 that will benefit Tamarack into 2019 and 2020 through lower production decline rates without impacting the current year's volumes.

    August 10, 2018, 5:48 AM MDT

  • InPlay Focused On Cardium In Q2

    InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.

    August 10, 2018, 6:08 AM MDT

  • $1.3-$3.5 Million In Spending For Granite

    With the continued uncertainty surrounding differentials, Granite Oil Corp. is forecasting a budget ranging from 1,900 to 2,100 bbls/d of oil production for the second half of 2018, with capital spending of approximately $1.5 to $3.5 million.

    August 10, 2018, 7:01 AM MDT

  • Prairie Provident Reports Lower Output For Q2; Liquids Weighting Increases

    Production averaged 5,146 boe/d in the second quarter and 4,879 boe/d for the first six months of 2018 for Prairie Provident Resources Inc., with a 70 per cent liquids weighting in both periods, demonstrating the success of PPR’s strategy to focus on oil and natural gas liquids (NGL) opportunities.

    August 10, 2018, 7:58 AM MDT

  • Petrus To Focus On Light Oil Development At Ferrier

    Petrus Resources Ltd. says its focus for the second half of 2018 is to prioritize light oil drilling opportunities in its core area of Ferrier, Alta., as a result of the current commodity price environment for natural gas.

    August 10, 2018, 9:43 AM MDT

  • Hunting Liquids, Peyto Expands Into Montney, Delivers Solid Q2 Results

    Despite the lowest Alberta natural gas prices in more than a quarter century, Peyto Exploration & Development Corp. remained solidly profitable in Q2 for the fifty-fourth consecutive quarter.

    August 9, 2018, 11:32 AM MDT

  • Delphi’s Field Condensate Output Rises 86% In Q2

    Delphi Energy Corp. continues to boost its condensate production, aided recently by the use of a new EOR surfactant that is specifically designed to enhance oil/condensate production.

    August 9, 2018, 11:43 AM MDT

  • Hedging Loss Impacts Journey’s Q2 Results

    Journey Energy Inc.’s net hedging losses for the second quarter had a significant impact on both funds flow and ultimately the net loss.

    August 9, 2018, 2:44 AM MDT

  • Yangarra Ups Capital Spending

    Yangarra Resources Ltd. announced an increase in the capital budget from $90 million to $120 million for 2018. 

    August 9, 2018, 6:20 AM MDT

  • Gear Sold Inventoried Oil At Higher Prices For Q2

    In the first quarter, as a result of limitations in shipping oil to market, Gear Energy Ltd. decided to temporarily slow its heavy oil production and built a record inventory of saleable oil in excess of 40,000 bbls.

    August 9, 2018, 6:30 AM MDT

  • Majority Of Bonterra’s Remaining Capital Budget Will Be Spent In Q3

    Bonterra Energy Corp. invested $19 million in capital expenditures in Q2, representing approximately 25 per cent of the company’s $75 million capital budget for the year.

    August 9, 2018, 9:14 AM MDT

  • Paramount Posts Second Quarter Loss, Almost Fivefold Production Increase

    Paramount Resources Ltd. reported a second quarter net loss of $134.6 million, or $1.01 per diluted share, compared with a profit of $45.3 million, or 42 cents per share, in the second quarter of last year.  

    August 8, 2018, 10:51 AM MDT