Financial Results

  • Peyto Overcomes Wet Weather Challenges To Boost Q2 Output; Earnings Increase 641%

    Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.

    August 11, 2022, 11:19 AM MDT

  • Enerflex Focused On Progressing Exterran Acquisition

    With its base business in an “advantageous position,” Enerflex Ltd. says it is focused on advancing the acquisition of Exterran Corporation.

    August 11, 2022, 10:01 AM MDT

  • Pieridae Lowers Production Outlook

    Reinjecting ethane into the gas stream limited reportable sales volumes for Pieridae Energy Limited last quarter and is a factor in the company revising its production guidance for the year.

    August 11, 2022, 7:16 AM MDT

  • Petrus Returned To The Field In Q2

    Petrus Resources Ltd.’s 2022 capital program resumed in the second quarter with two (1.6 net) operated wells spud and an additional three (0.15 net) non-operated wells spud in late June.

    August 11, 2022, 12 AM MDT

  • Tidewater Renewables Advances Low Carbon Fuel Projects

    Energy transition company Tidewater Renewables Ltd. reported positive second quarter 2022 financial results, while furthering development of its low carbon fuel projects and carbon credit business in Western Canada.

    August 11, 2022, 9:34 AM MDT

  • Pricing ‘Responds’ To Inflation, Tight Supply: STEP Energy

    STEP Energy Services Ltd. said that the first half of 2022 saw pricing respond to the inflationary pressures and tightness in supply.

    August 11, 2022, 4:37 AM MDT

  • Pason Q2 Revenue Climbs As Drilling Activity Improves

    Pason Systems Inc. generated $73.6 million in revenue in the second quarter of 2022, representing a 69 per cent increase from the $43.6 million generated in the second quarter of 2021 as drilling activity in Pason's operating regions continued to improve.

    August 11, 2022, 12 AM MDT

  • PHX Results Surge; Hikes Dividend

    PHX Energy Services Corp.’s adjusted EBITDA from continuing operations increased to $25.1 million, 20 percent of consolidated revenue.

    August 11, 2022, 4:07 AM MDT

  • Bonterra Boosts Capital Spending Range

    Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.

    August 10, 2022, 3:14 PM MDT

  • Birchcliff Drilled 12 Wells In Q2, Completes Turnarounds

    Birchcliff Energy Ltd.’s F&D capital expenditures were $84.2 million in Q2 2022.

    August 10, 2022, 2:57 PM MDT

  • Rubellite ‘Accelerated’ Q3 Capital Into Q2

    Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).

    August 10, 2022, 3:34 PM MDT

  • Spartan Delta Activity Focused On Montney For Q2

    Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.

    August 10, 2022, 12 AM MDT

  • Freehold Reports Increased Drilling For Q2

    In total, 224 gross wells were drilled on Freehold Royalties Ltd. royalty lands in Q2-2022, a 146 per cent increase versus the same period in 2021.

    August 10, 2022, 12 AM MDT

  • Pipestone Energy Drills 6 Wells, Completes Step-Out

    During the second quarter, Pipestone Energy Corp. rig released six wells on the 2-32 pad, and four of a total six planned wells on the 14-19 pad.

    August 10, 2022, 8:05 AM MDT

  • Ensign Sees Bump Up In Operating Days For Q2

    Ensign Energy Services Inc. recorded gains in both operating days and marketed rigs through its Canadian operations in the second quarter of 2022.

    August 9, 2022, 7:26 AM MDT

  • Crew’s Greater Septimus Activity Focused On 4-14 Pad; Expansion Of Infrastructure

    Second quarter capital expenditures for Crew Energy Inc. Greater Septimus focused on the equip and tie-in of the 4-14 pad during Q2/22, along with expansion of the infrastructure interconnectivity between Crew’s Septimus and West Septimus gas plants.

    August 9, 2022, 12 AM MDT

  • Tenaz Boosts Spending Outlook

    Tenaz Energy Corp. has boosted capital spending guidance from $5.8 to $8.0 million following the completion of wells in the Leduc-Woodbend, driven by longer well lengths with more frack stages, higher-than-budgeted inflation in services prices, and costs for open-hole sidetracking in one of the wells due to a stuck drill pipe event.

    August 8, 2022, 5:55 AM MDT

  • Prairie Provident To Focus On Reactivations, Recompletions And Optimization Projects

    For the second half of 2022, Prairie Provident Resources Inc. expects to focus on reactivations, recompletions and optimization projects while following up on its successful 2021 drilling program in the Princess area, by drilling one (1.0 net) Glauconite formation well.

    August 8, 2022, 9:53 AM MDT

  • Suncor Produces Strong Q2 Adjusted Funds Flow, Earnings Growth

    Driven by a strong business environment in both the upstream and downstream segments, Suncor Energy Inc. reported strong Q2 financial results including record adjusted funds from operations of approximately $5.3 billion while it executed planned maintenance across its asset base.

    August 5, 2022, 11:30 AM MDT

  • Pembina ‘Poised To Benefit’ From Future NEBC Montney Development

    Pembina Pipeline Corporation says it expects to have secured the transportation, fractionation and marketing rights to a significant portion of forecasted future growth in the northeast B.C. (NEBC) Montney due to long-term commitments under three service agreements.

    August 5, 2022, 10:59 AM MDT

  • Keyera Posts Upswing In Processing Throughput In Q2

    The second quarter of 2022 saw Keyera Corp. grow processing throughput in both its gathering and processing and liquids infrastructure segments year-over-year.

    August 5, 2022, 7:03 AM MDT

  • Headwater Adding Fourth Rig In Coming Weeks; Continues Working Clearwater

    Headwater Exploration Inc. currently has three drilling rigs active and will be adding a fourth drilling rig in the coming weeks.

    August 5, 2022, 12 AM MDT

  • Enerplus Increasing Production Guidance

    Enerplus Corporation is increasing its production guidance to 97,500 to 101,500 boe/d, from the prior guidance of 96,000 to 101,000.

    August 5, 2022, 12 AM MDT

  • AKITA’s Q2 Results Improve As Rate Increases Start To Have An Impact

    With activity levels continuing to rise, AKITA Drilling Ltd. says it has secured meaningful day rate increases as current contracts are renewed throughout the remainder of the year.

    August 5, 2022, 12 AM MDT

  • Cheniere Posts Q2 Profit On Strong LNG Demand, Raises Outlook

    August 5, 2022, 12 AM MDT

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