Headlines for Nov. 10, 2017

  1. ARC Outlines $690 Million Capital Program For 2018

    ARC Resources Ltd. laid out a $690 million capital program for 2018 that focuses on balance sheet strength, sustainable dividend payments, and the profitable development of ARC's Montney crude oil, liquids-rich natural gas, and natural gas assets.

  2. Perpetual Announces Spending Plan Of $39 Million For 2018

    Perpetual Energy Inc. announced a total capital spending program of $39 million for 2018, close to 75 per cent concentrated in East Edson, developing liquids-rich natural gas reserves in the Wilrich formation, and 25 per cent in Eastern Alberta, primarily targeting heavy oil development at Mannville along with abandonment and reclamation work to continue to responsibly address decommissioning obligations.

  3. Record Production For Spartan

    Spartan Energy Corp. achieved record average production of 22,630 boe/d (91 per cent oil and liquids), representing an 82 per cent increase (14 per cent per share) over the third quarter of 2016.

  4. Cequence Funds Flow Climbs; Output Down For Q3

    Funds flow from operations for the third quarter for Cequence Energy Ltd. was $3.6 million and $17.7 million year to date, an increase of seven per cent and 284 per cent from the same periods in 2016, driven by higher oil and condensate weighting and associated realized prices.

  5. Pine Cliff Reducing Capital Spending Outlook

    Pine Cliff Energy Ltd. is lowering its capital guidance for 2017 from $17 million to $15 million, before acquisitions, primarily as a result of lower than anticipated drilling and recompletion costs.

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