Higher well productivity in the Permian Basin resulted in growing production for Ovintiv Inc. in the first quarter of 2023, president and chief executive officer Brendan McCracken said in releasing the company’s first quarter results after market close on Tuesday.
May 10, 2023, 9:22 AM MDT
In Q1 2023, Pipestone Energy Corp. reported record average quarterly production totaling 35,162 boe/d (29 per cent condensate, 41 per cent total liquids).
May 10, 2023, 6:20 AM MDT
Total revenues for NCS Multistage Holdings, Inc. were $43.6 million for the quarter ended March 31, 2023, which was an increase of 11 per cent compared to the first quarter of 2022.
May 10, 2023, 12 AM MDT
In total, 349 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in Q1-2023, a 43 per cent increase versus the same quarter in 2022.
May 10, 2023, 3:45 PM MDT
While only six weeks into the job, Suncor Energy Inc.’s new president and CEO, Rich Kruger, has hit the ground running and has some lofty goals going forward in his quest to improve the company’s safety and operational performance.
May 9, 2023, 10:16 AM MDT
Murphy Oil Corporation reported net natural gas production after royalties averaged 292 mmcf/d from its Tupper Montney assets in the first quarter of 2023 as the company continued building production to fill infrastructure commitments.
May 9, 2023, 6 AM MDT
Revenue recorded by Ensign Energy Services Inc. in Canada over the first three months of 2023 was up 26 per cent compared to the same period one year earlier.
May 9, 2023, 12 AM MDT
Crew Energy Inc. reported 32,963 boe/d average production in Q1/23, near the top end of its guidance range of 31,000 to 33,000, slightly ahead of Q4/22 volumes, down slightly from 33,399 boe/d at the same quarter of last year.
May 9, 2023, 6:03 AM MDT
May 9, 2023, 9:28 AM MDT
Pembina Pipeline Corporation’s total volumes of 3.188 million boe/d for the first quarter dropped five per cent over the same period in 2022.
May 8, 2023, 6 AM MDT
Enbridge Inc.’s top executive says the agreement in principle with shippers on a negotiated settlement on the Mainline liquids system is a “win-win-win for us, our customers and the markets we serve.”
May 5, 2023, 10:29 AM MDT
Lower commodity prices took a bite out of ARC Resources Ltd.’s operating cash flow and free cash flow in the first quarter of 2023, but the company continued delivering cash back to investors through share buybacks and increased dividends.
May 5, 2023, 9:21 AM MDT
Enerflex Ltd. reported a strong first quarter, with record quarterly revenue of $825 million, up 20 per cent from the fourth quarter 2022 and representing revenue increases across all regions and product lines.
May 5, 2023, 6 AM MDT
Baytex Energy Corp. reported strong results from its Peavine Clearwater development during the first quarter, and is also encouraged by a Clearwater equivalent test well at Morinville as well as early results in the Duvernay.
May 5, 2023, 11:20 AM MDT
Pason Systems Inc. generated $98.2 million in revenue in the first quarter of 2023, representing a 32 per cent increase from the $74.5 million generated in the first quarter of 2022 as drilling activity improved across Pason's operating regions.
May 5, 2023, 12 AM MDT
AKITA Drilling Ltd.’s net income increased to $9.52 million in the first quarter of 2023 from a loss of $2.93 million during the same period of 2022.
May 5, 2023, 12 AM MDT
Perpetual Energy Inc. invested $9.1 million in exploration and development spending in Q1 to drill, complete, equip and tie-in a two (1.0 net) well pad at East Edson, targeting the Wilrich formation, and install related pipeline infrastructure.
May 5, 2023, 12 AM MDT
Essential Energy Services Ltd.’s revenue for the three months ended March 31, 2023 was $45.9 million, 22 per cent higher than the same prior year quarter.
May 5, 2023, 12 AM MDT
Enerplus Corporation’s North Dakota production averaged 66,656 boe/d during the first quarter of 2023, an increase of 16 per cent compared to the same period a year ago.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited delivered record natural gas production in the first quarter and boosted overall volumes to 1.32 million boe/d from 1.28 million boe/d during the comparable period in 2022, representing a three per cent year-over-year increase.
May 4, 2023, 10:32 AM MDT
Vermilion Energy Inc. says its North American production increase in the first quarter of 2023 was primarily due to new production from its Alberta Deep Basin and Montney assets in Canada.
May 4, 2023, 10:53 AM MDT
Tourmaline Oil Corp. reported record production in the first quarter of 2023, with its ongoing market diversification and hedging program driving financial results.
May 4, 2023, 8:48 AM MDT
Kelt Exploration Ltd. recorded the highest quarterly average production in its 10-year history during the first quarter of 2023.
May 4, 2023, 6:04 AM MDT
ConocoPhillips reported a drop in its first quarter 2023 Canadian earnings.
May 4, 2023, 6:52 AM MDT
Pine Cliff Energy Ltd. drilled two Pekisko oil wells (1.4 net) during the first quarter with a third (0.7 net) drilled and rig released by April 12, 2023.
May 4, 2023, 7:01 AM MDT
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