June 8, 2023, 12 AM MDT
Hemisphere Energy Corporation produced a record quarterly average of 3,171 boe/d, a 20 per cent increase over the first quarter of 2022.
May 26, 2023, 6 AM MDT
The outlook for Lycos Energy Inc. remains unchanged at $37.0 million of exploration and development expenditures to achieve annual average production guidance of 3,000 boe/d with anticipated fourth quarter production rates of 4,000 boe/d.
May 26, 2023, 6 AM MDT
Saturn Oil & Gas Inc. reported record average production for the quarter of 17,783 boe/d (88 per cent oil and NGLs) in 2023, representing an increase of 137 per cent compared to 7,499 boe/d (95 per cent oil and NGLs) in the first quarter of 2022.
May 17, 2023, 8:34 AM MDT
Stampede Drilling Inc. is on pace with another strong start to the year with 17 out of its 19 rig fleet operational and fully crewed in the first quarter of 2023.
May 16, 2023, 6 AM MDT
Tenaz Energy Corp.’s production volumes averaged 2,337 boe/d in Q1 2023, up 54 per cent from Q4 2022 and 132per cent from Q1 2022.
May 16, 2023, 9:49 AM MDT
Drilling and completions in Canada helped drive CES Energy Solutions Corp. to 24 per cent revenue growth in the country last quarter.
May 15, 2023, 6 AM MDT
Spartan Delta Corp. reported 10 per cent growth in production from an average of 72,588 boe/d in Q1 2022 to 80,200 boe/d in Q1 2023.
May 15, 2023, 12 AM MDT
Crescent Point Energy Corp. has begun to restore some of the 45,000 boe/d of output from its Kaybob Duvernay assets in the Fox Creek area that was temporarily shut-in in response to the Alberta wildfires.
May 12, 2023, 11:20 AM MDT
A heavy oil production hike drove 64 per cent year-over-year overall production gains for Tamarack Valley Energy Ltd. in the first three months of 2023.
May 12, 2023, 7:44 AM MDT
Hammerhead Energy Inc. produced a record 39,992 boe/d (47 per cent liquids) for Q1, in line with annual guidance for 2023.
May 12, 2023, 12 AM MDT
Rubellite Energy Inc.’s board of directors has approved capital spending for the remainder of 2023 of $30 to $32 million to drill, complete, equip and tie-in an additional 17 (17.0 net) multi-lateral development / step-out wells at Figure Lake and $4 to $6 million to drill up to three (2.0 net) multi-lateral Northern exploratory wells.
May 12, 2023, 12 AM MDT
Headwater Exploration Inc. has continued to report exceptional success in the Marten Hills West area.
May 12, 2023, 12 AM MDT
Bonterra Energy Corp. is actively monitoring the wildfire situation near its operations in the Pembina area within Brazeau County.
May 12, 2023, 12 AM MDT
Cardinal Energy Ltd.’s production increased five per cent over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across its asset base.
May 12, 2023, 6:23 AM MDT
The current price environment and outlook for the remainder of the year is materially lower than the assumptions used to develop Petrus Resources Ltd.’s 2023 capital budget.
May 12, 2023, 6:11 AM MDT
High Canadian drilling rig utilization, combined with strong performance in its service rig, compression and process services, and equipment rental businesses across North America, resulted in a record first quarter for Total Energy Services Inc.
May 12, 2023, 9:57 AM MDT
Peyto Exploration & Development Corp.’s Q1 production increased slightly to 102,918 boe/d versus 101,549 boe/d a year earlier as new volumes from the development program were partially offset by natural declines, resulting in a one per cent increase year-over-year.
May 11, 2023, 11:07 AM MDT
As a result of the ongoing impact of a force majeure event on Pembina Pipeline Corporation’s Northern Pipeline system, Birchcliff Energy Ltd. currently expects that it will be on the low end of its annual average production guidance range of 77,000 to 80,000 boe/d.
May 11, 2023, 12 AM MDT
Athabasca Oil Corporation expects Western Canadian Select (WCS) prices to strengthen in the back half of 2023 and into 2024.
May 11, 2023, 6:11 AM MDT
Pieridae Energy Limited generated funds flow from operations of $41.6 million ($0.26 per basic and fully diluted share), up 19 per cent from $34.9 million ($0.22 per basic and fully diluted share) in Q1 2022.
May 11, 2023, 6:24 AM MDT
Tidewater Midstream and Infrastructure Ltd.’s total Q1 midstream throughput volumes of 390 mmcf/d represent a six per cent increase over the previous quarter.
May 11, 2023, 9:39 AM MDT
In the first quarter of 2023, PHX Energy Services Corp. spent $18.6 million in capital expenditures, of which $10 million was spent on growing the company’s fleet of drilling equipment, $4.8 million was spent to replace retired assets, and $3.8 million was spent to replace equipment lost downhole during drilling operations.
May 11, 2023, 9:55 AM MDT
Higher well completions activity in Western Canada, combined with improved coiled tubing activity across it core areas, resulted in STEP Energy Services Ltd. reporting record revenues in the first quarter of 2023.
May 11, 2023, 10:21 AM MDT
Keyera Corp. credits the role of record quarterly contributions from both its gathering and processing, and liquids infrastructure segments, for its year-over-year growth in net earnings last quarter.
May 10, 2023, 12 AM MDT
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