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
Ovintiv Inc. is “actively looking” at commercial opportunities for its gas that includes LNG, says the company’s chief executive.
May 11, 2022, 9:45 AM MDT
Pipestone Energy Corp. generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12 per cent increase from Q4 2021 revenue of $137.3 million.
May 11, 2022, 6:26 AM MDT
NuVista Energy Ltd. has elevated its capital expenditure guidance for 2022.
May 11, 2022, 12 AM MDT
Spartan Delta Corp. reported an active winter drilling program, investing $108 million in Q1 2022 into the development of its Montney and Deep Basin core assets.
May 11, 2022, 12 AM MDT
The supply of steel casing and tubular products required to drill wells has been a big issue identified by InPlay Oil Corp.
May 11, 2022, 7:38 AM MDT
Birchcliff Energy Ltd. anticipates that it will generate adjusted funds flow of $1.18 billion and free funds flow of $920 million to $940 million in 2022 based on current strip pricing.
May 11, 2022, 2:31 PM MDT
May 11, 2022, 5:59 AM MDT
Although Suncor Energy Inc.’s Q1 output was down slightly year-over-year, the company’s financial results were improved and returns to shareholders boosted on the backs of the company’s integrated business model and continued commodity price strength, says president and CEO Mark Little.
May 10, 2022, 9:46 AM MDT
Keyera Corp. reported realized cash flow from operating activities of $457 million in the first quarter of 2022, a 70 per cent increase compared with $268 million for the same period in 2021. The jump in cash flow was driven largely by a major increase in revenues from its marketing division.
May 10, 2022, 8:49 AM MDT
Journey Energy Inc. announced an increase to its 2022 capital budget to $78 million, which includes E&D activities, spending for future power generation projects and A&D activity.
May 10, 2022, 12 AM MDT
Ensign Energy Services Inc. posted a 34 per cent year-over-year increase in marketed drilling rigs in Canada last quarter.
May 10, 2022, 7:29 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Bonterra Energy Corp.’s production averaged 13,287 boe/d in Q1 2022, 12 per cent higher than Q1 2021, reflecting an active drilling program along with the continued reactivation of wells that were previously shut-in voluntarily due to low commodity prices.
May 10, 2022, 3:12 PM MDT
International Petroleum Corporation says it is still looking for M&A opportunities in Canada and internationally, although it may be more difficult to conclude a deal these days because of seller expectation versus buyer expectation on price.
May 9, 2022, 9:05 AM MDT
AKITA Drilling Ltd. reported improved year-over-year results in the first quarter of 2022 compared to the same quarter of 2021, however moderate day rate increases did not keep pace with increasing costs and therefore results did not improve as significantly as activity levels did.
May 9, 2022, 6 AM MDT
ARC Resources Ltd.’s May 2021 acquisition of Seven Generations Energy Ltd. continues to pay off as the company was able to push production levels, free cash flow generation and returns to shareholders higher in the first quarter.
May 6, 2022, 9:48 AM MDT
Enbridge Inc. saw strong Q1 2022 results based on operational performance and utilization across each of its businesses, says executive management, as the company continues to progress on its strategic priorities during an “inflection point” in global energy markets, with growing demand and underinvestment driving higher prices.
May 6, 2022, 6:51 AM MDT
Pembina Pipeline Corporation reported record adjusted EBITDA of $1 billion in the first quarter of 2022, representing a 20 per cent increase over the same period the prior year.
May 6, 2022, 8 AM MDT
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