Financial Results

  • NuVista Sticking With 2023 Guidance After Reporting Strong First Quarter Results

    NuVista Energy Ltd. is going full steam ahead with its 2023 capital expenditure program after reporting positive financial and operating results in the first quarter.

    May 10, 2023, 8:50 AM MDT

  • Strong Well Performance Drives Ovintiv First Quarter Results

    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

  • Record Output For Pipestone

    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

  • NCS Multistage Revenue Rises

    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

  • Freehold Reports Higher Drilling Activity On Royalty Lands

    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

  • New CEO Kruger Aims To Make Suncor ‘The Best Of The Best’

    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 Continues Developing Tupper Montney To Fill Infrastructure

    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

  • Ensign Sees Canadian Revenue, Operating Days Climb In Q1

    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 Output Down Slightly In Q1

    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

  • Aramco Set To Boost Payouts For Saudi Government And Investors

    May 9, 2023, 9:28 AM MDT

  • Northern Pipeline Outage Weighs On Pembina’s Q1 Volumes, EBITDA

    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 Says Risk-Sharing Elements Vital In New Mainline Agreement

    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

  • ARC Resources Maintains Priority On Returning Cash To Shareholders In First Quarter

    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 Hits First Quarter Revenue Record Of $825 Million

    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 Achieves Strong Results From Peavine Clearwater Development

    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 Revenue Climbs For Q1

    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 Reports Higher Net Income, Day Rates

    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 Focused On Wilrich In Q1

    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’s Revenue Climbs

    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 Q1 Output Rises

    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

  • CNRL Sets Quarterly Natgas Production Record, Consolidated Output Up 3%

    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

  • ‘Very Important’ Montney Asset Helps Drive Vermilion’s North American Uptick

    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

  • Gas Market Diversification Effort Pays Off For Tourmaline In Q1

    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 Q1 Production Climbs

    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 Reports Q1 Drop In Canadian Segment Earnings

    ConocoPhillips reported a drop in its first quarter 2023 Canadian earnings.

    May 4, 2023, 6:52 AM MDT

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