Financial Results

  • AKITA Posts Net Income In Q3, Reversing Loss

    AKITA Drilling Ltd.’s net income was $2.6 million in the third quarter, reversing from a net loss of $6.43 million in the same period of 2021.

    November 4, 2022, 6:32 AM MDT

  • ClearStream’s Revenues Up For Q3

    ClearStream Energy Services Inc.’s revenues for the three months ended Sept. 30, 2022 were $171.9 million, representing an increase of $63.3 million or 58.2 per cent from Q3 2021 and a decrease of $1.3 million or 0.8 per cent from Q2 2022.

    November 4, 2022, 6:47 AM MDT

  • Petrobras Beats Profit Expectations As Uncertainty Looms

    November 4, 2022, 12 AM MDT

  • CEO: Tourmaline Has ‘Nice Hedge’ Against Inflation, Sees Production Rise In Q3

    With inflationary pressures hooked into many aspects of the energy industry, Tourmaline Oil Corp. possesses qualities and has deployed tactics to fend against it.

    November 3, 2022, 1:41 PM MDT

  • Strong Natgas Volumes Help CNRL Set Quarterly Production Record; Earnings Spike

    Thanks in part to the highest natural gas output in its history, Canadian Natural Resources Limited achieved record total quarterly production of approximately 1.34 million boe/d while third quarter earnings climbed to approximately $2.8 billion.

    November 3, 2022, 11:22 AM MDT

  • Suncor Ramps Up Portfolio Optimization Process

    Suncor Energy Inc. says the company continues to optimize and streamline its portfolio in an effort to maximize value through its core assets.

    November 3, 2022, 10:57 AM MDT

  • Higher B.C. Royalty Rates Take Bite Out Of Murphy Oil’s Montney Performance

    Murphy Oil Corporation saw a significant increase in production from its Montney assets in the Tupper area of northeast B.C. in the third quarter of 2022, but higher royalty rates resulted in the price equivalent of 3,000 boe/d taken out of production, said executive vice-president of operations Eric Hambly at the company’s third quarter conference call Thursday.

    November 3, 2022, 10:41 AM MDT

  • ConocoPhillips Canadian Earnings Down For Q3

    ConocoPhillips reported lower earnings for its Canadian segment for the third quarter of 2022.

    November 3, 2022, 5:33 AM MDT

  • Record Output For Paramount

    Paramount Resources Ltd. achieved record quarterly sales volumes of 97,601 boe/d (46 per cent liquids) in the third quarter, including record monthly sales volumes of 104,506 boe/d (46 per cent liquids) in September.

    November 3, 2022, 6:10 AM MDT

  • Essential Revenue Up For Q3

    Essential Energy Services Ltd.’s revenue for the three months ended Sept. 30, 2022 was $43.4 million, 29 per cent higher than the same prior year quarter due to improved industry conditions.

    November 3, 2022, 9:05 AM MDT

  • Athabasca Output Climbs In Q3

    Athabasca Oil Corporation’s output in Q3 was 37,240 boe/d (93 per cent liquids) consisting of 31,023 bbl/d in Thermal Oil and 6,217 boe/d (57 per cent Liquids) in Light Oil.

    November 3, 2022, 12 AM MDT

  • Solid Operational Performance Substantially Boosts Cenovus’s Financial Results

    Despite an erratic commodity price environment, solid upstream and downstream operating results propelled Cenovus Energy Inc.’s financial results upwards as the company almost tripled Q3 earnings year-over-year to $1.6 billion and funds flow soared.

    November 2, 2022, 11:17 AM MDT

  • Gibson Seeing Some Impacts From Cost Inflation, But Maintaining 2022-2023 Cash Allocation Plans

    While much of the Canadian oil and gas industry battles widespread cost inflation, in many cases resulting in budget increases, the impact on Gibson Energy Inc.’s financial performance and outlook has been more limited, senior VP and chief financial officer Sean Brown told analysts on the company’s third quarter 2022 conference call.

    November 2, 2022, 12 AM MDT

  • SECURE Energy Sees Higher Activity Levels, Net Income Surges 373% In Q3

    Oil terminalling and pipeline volumes for SECURE Energy Services Inc. climbed 26 per cent during the three-month period ending Sept. 30, 2022, compared to the same time a year earlier.

    November 2, 2022, 2:48 PM MDT

  • Margins Reach Decade Highs At Calfrac Well Services

    Increased fracturing activity and improved service prices resulted in Calfrac Well Services Ltd. reporting its best margin performance in a decade, the company said in its third quarter 2022 report to shareholders.

    November 2, 2022, 7:52 AM MDT

  • Gear Outlines 2023 Capital Program

    Gear Energy Ltd.’s board has approved a 2023 capital budget of $61 million designed to target four key strategic goals.

    November 2, 2022, 3:26 PM MDT

  • Pason Revenues Climb In Q3

    Pason Systems Inc. generated $92.5 million in revenue in the third quarter of 2022, representing a 60 per cent increase from the $57.7 million generated in the third quarter of 2021 as drilling activity in Pason's operating regions continued to improve.

    November 2, 2022, 3:15 PM MDT

  • Surge Energy’s Output Up For Q3

    Surge Energy Inc. reported average daily production of 21,380 boe/d (86 per cent liquids) during Q3/22, an increase of over 21 per cent as compared to Q3/21 production of 17,642 boe/d (84 per cent liquids).

    November 2, 2022, 6:59 AM MDT

  • Marathon Petroleum And Phillips 66 Cruise Past Estimates On Fuel Demand Surge

    November 2, 2022, 12 AM MDT

  • IPC Sets Quarterly Production Record On Strong Performance Of Canadian Assets

    Bolstered by the strong Q3 operation performance of its Canadian assets, International Petroleum Corporation (IPC) achieved record quarterly average net production of 50,000 boe/d, a mark that was above output of 46,800 boe/d during the same period last year.

    November 1, 2022, 9:49 AM MDT

  • Gibson Energy Taking Measured Approach To Infrastructure Growth Opportunities

    Gibson Energy Inc. is looking to grow its core liquids infrastructure business and build out new energy transition operations as alternative fuel production expands, but any opportunities will have to fit within its current investment parameters, president and chief executive officer Steve Spaulding said at the company’s third quarter conference call Tuesday.

    November 1, 2022, 10:10 AM MDT

  • Topaz’s Average Royalty Output Down Sequentially

    Topaz Energy Corp.’s Q3 2022 average royalty production of 16,485 boe/d decreased one per cent from Q2 2022 (16,676 boe/d) due to planned and unplanned maintenance activities that limited certain natural gas (and natural gas liquids) processing capability.

    November 1, 2022, 2:34 PM MDT

  • BP Joins Rivals With Bumper $8.2B Profit

    November 1, 2022, 12 AM MDT

  • Saudi Aramco Q3 Net Income Jumps 39% On Higher Crude Prices

    November 1, 2022, 12 AM MDT

  • Journey Lowers E&D Portion Of 2022 Capital Program

    Journey Energy Inc.’s 2022 capital program will see the company participating in 15 (12.6 net) wells in six different areas, versus the originally planned program of 17 (15 net) wells in seven areas.

    November 1, 2022, 12 AM MDT

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