Saturn Oil & Gas Inc. experienced a “historic quarter” in Q2 2021, says executive management, as the company completed its Oxbow asset acquisition, providing a “substantial platform” for future growth via drilling opportunities and production and production-optimization projects.
August 31, 2021, 11:17 AM MDT
Clearview Resources Ltd. says it continues to direct efforts toward strategic acquisitions and potential mergers/business combinations to “significantly increase the size” of the company for greater efficiencies and cash generating capabilities.
August 31, 2021, 8:07 AM MDT
August 27, 2021, 8:52 AM MDT
Razor Energy Corp. continues to focus on cost control on its operated properties.
August 27, 2021, 8:16 AM MDT
Altura Energy Inc. has an active third quarter remaining with a second Leduc-Woodbend well (87.5 per cent working interest) planned for September, with subsequent production in October.
August 26, 2021, 4:49 AM MDT
In Q2 2021, Leucrotta Exploration Inc. successfully completed and tested its first Basal Montney well at Mica.
August 26, 2021, 8:15 AM MDT
CNOOC Limited reported higher Canadian output for the first half of the year.
August 19, 2021, 3:37 AM MDT
Perpetual Energy Inc. and Rubellite Energy Inc. are both expected to have active capital programs over the balance of the year.
August 17, 2021, 6:59 AM MDT
High Arctic Energy Services Inc. expects near-term activity in its Canadian and Papua New Guinean operating segments to increase given the improving and stabilizing economic environment.
August 16, 2021, 10:31 AM MDT
Vermilion Energy Inc.’s E&D capital budget remains unchanged at $300 million, but the company may still consider adding up to $50 million of incremental capital in Q4 2021 if commodity prices “remain supportive.”
August 16, 2021, 6:59 AM MDT
CES Energy Solutions Corp. demonstrated strong Q2 2021 results as industry conditions kept stabilizing and improving during the past three quarters, with the company leveraging its established infrastructure, strong industry positioning and personnel to capitalize on these positive developments.
August 13, 2021, 10:54 AM MDT
Capital expenditures for Bonterra Energy Corp. totaled $31.0 million in the first half of 2021 including $7.6 million invested in Q2 2021.
August 13, 2021, 12 AM MDT
Peyto Exploration & Development Corp.’s second quarter production “held up pretty well” despite the seasonal impacts of spring breakup and the loss of two rigs during the period due to maintenance and upgrades that took longer than anticipated to complete, says president and CEO Darren Gee.
August 12, 2021, 11:14 AM MDT
Storm Resources Ltd. reported Q2 production of 26,862 boe/d, which is a 12 per cent increase year over year and a four per cent increase from the previous quarter.
August 12, 2021, 5:23 AM MDT
Spartan Delta Corp.’s production averaged 39,638 boe/d during the second quarter of 2021, up 24 per cent from 31,914 in the first quarter of 2021.
August 12, 2021, 6:33 AM MDT
Petrus Resources Ltd. set a capital budget of $7.5 million in Q3 for the drilling of four gross (1.5 net) Ferrier wells and investment in facility expansion in North Ferrier.
August 12, 2021, 6:47 AM MDT
Pieridae Energy Limited’s production forecast is now expected to be 40,000-42,500 boe/d for the remainder of 2021, compared to previous guidance of 40,000-45,000.
August 12, 2021, 7:04 AM MDT
Pason Systems Inc. increased its minority investment in Intelligent Wellhead Systems Inc. during this year’s second quarter, acquiring a portion of outstanding common shares for total cash consideration of $7.1 million.
August 11, 2021, 10:58 AM MDT
Pason System Inc.’s Q2 2021 results reflect strong competitive positioning, a prudent balance sheet, and operating leverage as industry conditions continued to improve from the depths of the COVID-19 downturn, says management.
August 11, 2021, 11:12 AM MDT
Pipestone Energy Corp. reported record average quarterly production of 23,336 boe/d (31 per cent condensate, 46 per cent total liquids), an eight per cent quarterly increase over Q1 2021 and a 39 per cent increase over Q2 2020.
August 11, 2021, 7:30 AM MDT
InPlay Oil Corp.’s strong results in the first half of 2021 and continuing in the second half of 2021 from the Pembina drills have allowed the company to increase its 2021 annual average production guidance to between 5,500 and 5,750 boe/d (68 per cent light oil and NGLs).
August 11, 2021, 12:56 PM MDT
Birchcliff Energy Ltd. expects to reduce debt as its free funds flow climbs—the company says it remains committed to “capital discipline.”
August 11, 2021, 2:30 PM MDT
Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.
August 11, 2021, 12 AM MDT
Cathedral Energy Services Ltd.’s revenues decreased by 17 per cent in the second quarter of 2021 to $7.32 million.
August 11, 2021, 9:33 AM MDT
Vertex Resource Group Ltd.’s financial results rebounded in Q2.
August 11, 2021, 1:39 PM MDT