Bri-Chem Corp. reported $23.54 million in sales for Q1 2022, which is up 105 per cent from the same prior-year period, due to stronger performance in North American for its fluids distribution divisions as industry resurges following the easing of global economic restrictions that were in place due to COVID-19, and as supply constraints continue.
May 18, 2022, 6 AM MDT
Hemisphere Energy Corporation produced a record quarterly average of 2,648 boe/d in the opening quarter of 2022, a 60 per cent increase over the first quarter of 2021.
May 18, 2022, 6:15 AM MDT
High Arctic Energy Services Inc. cannot keep up with Canadian service demand that exceeds the current crewing capacity, says management, and the company is taking measures in response, although sustained utilization and better compensation will be necessary to attract personnel into the industry.
May 17, 2022, 12 AM MDT
Kiwetinohk Energy Corp., which saw year-over-year production growth last quarter, is boosting its production guidance for the year.
May 17, 2022, 6:16 AM MDT
With the completion and tie-in of three (0.75 net) wells at Kakwa Central, current production for Questerre Energy Corporation is over 2,000 boe/d.
May 16, 2022, 8:12 AM MDT
Cathedral Energy Services Ltd. saw increased demand for its services in Q1 2022 as higher commodity prices and improved cash-flow projections for oil and gas producers led to expanded drilling programs.
May 16, 2022, 9:40 AM MDT
May 16, 2022, 12 AM MDT
Tidewater Midstream and Infrastructure Ltd. expects to announce a final investment decision in the near-term for its Pipestone Natural Gas Plant Phase 2 expansion to add 100 mmcf/day of sour gas processing to the facility.
May 13, 2022, 9:43 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Consumable chemical supplier CES Energy Solutions Corp. generated record revenue of $401.3 million in the first quarter of 2022, an increase of $33.5 million or nine per cent compared to the final quarter of 2021. Revenues were up 54 per cent compared to the first quarter of 2021.
May 13, 2022, 7:40 AM MDT
Essential Energy Services Ltd.’s Q1 revenue climbed to $37.7 million, 25 per cent higher than the same prior year quarter as a result of increased activity due to improved industry conditions.
May 13, 2022, 12 AM MDT
Stampede Drilling Inc.’s strong 2021 results continued into 2022, with all 10 of its marketable rigs being fully crewed and operational during the first quarter.
May 13, 2022, 12 AM MDT
Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
May 12, 2022, 11:24 AM MDT
Low capital spending throughout the pandemic did not stop North American producers from maintaining their oil and gas reserve positions.
May 12, 2022, 6 AM MDT
Trans Mountain Corporation reported higher revenue and net income for 2021, although Mainline deliveries declined.
May 12, 2022, 5:55 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 AM MDT
Pieridae Energy Limited saw its net operating income (NOI) and adjusted funds flow from operations both rally over the first three months of 2022 compared to the same period a year earlier.
May 12, 2022, 3:56 PM MDT
Funds flow from operations at Vermilion Energy Inc. in the first quarter of 2022 more than doubled from the same three-month stretch of 2021.
May 12, 2022, 4:55 AM MDT
Rubellite Energy Inc. has steadily executed its business plan, running a two-rig drilling program since late November.
May 12, 2022, 5:33 AM MDT
During the first quarter of 2022, Prairie Provident Resources Inc. spent $9.7 million of the previously announced full year $22 million capital program, including asset retirement obligation spending.
May 12, 2022, 6:20 AM MDT
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
May 12, 2022, 5:11 AM MDT
In response to the higher activity expectations, STEP Energy Services Ltd.’s board of directors has approved an increase of $8.3 million to the 2022 capital program, increasing it to $56.0 million.
May 12, 2022, 7:26 AM MDT
Headwater Exploration Inc. has continued to be active with its land expansion strategy.
May 12, 2022, 3:25 PM MDT
Petrus Resources Ltd.’s production was up 25 per cent quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021.
May 12, 2022, 1:20 PM MDT
May 11, 2022, 12 AM MDT
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