Financial Results

  • Improved Activity Boosts Source’s Sales

    Stronger commodity prices resulted in improved activity levels in the WCSB, allowing Source Energy Services Ltd. to set new daily and monthly sales records, add new customers and realize a 26 per cent increase in sales volumes over 2020, generating $258.5 million of sand revenue.

    March 10, 2022, 8:45 AM MST

  • Bonterra Production Climbed In 2021

    Bonterra Energy Corp.’s output averaged 12,747 boe/d in 2021, a 21 per cent increase over 2020.

    March 10, 2022, 6:03 AM MST

  • Active 2021 For Surge Carries Over Into 2022

    In 2021, Surge Energy Inc. drilled a total of 48.0 net wells with a 100 per cent success rate, spending a total of $103.8 million for expenditures on property, plant, and equipment.

    March 10, 2022, 12:30 PM MST

  • Peyto Funds Flow Surges

    Peyto Exploration & Development Corp.’s funds from operations surged 121 per cent in 2021 to $470 million in due to higher realized commodity prices and higher production.

    March 9, 2022, 4:34 PM MST

  • Spartan Delta Continues Montney, Deep Basin Development As Output Surges

    Spartan Delta Corp.’s capital expenditures, before acquisitions and dispositions (A&D), were $189 million in 2021, of which $116 million was spent in the fourth quarter.

    March 9, 2022, 6:26 AM MST

  • Pipestone Boosting Spending Outlook

    Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).

    March 9, 2022, 6:02 AM MST

  • NuVista Boosts Production Outlook On Recent Well Performance

    NuVista Energy Ltd.’s recent well performance has exceeded expectations, and in addition the onstream dates for new wells have been ahead of schedule.

    March 9, 2022, 12 AM MST

  • Record Funds Flow For Pine Cliff

    Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.

    March 9, 2022, 12 AM MST

  • Active Q1 Program For Crew

    Crew Energy Inc.’s first quarter capital expenditures are expected to constitute approximately 60 per cent of the program’s full year total, with the remainder to be directed to projects with superior returns at Greater Septimus or Groundbirch in the second half of 2022.  

    March 8, 2022, 3:16 PM MST

  • NCS Multistage Revenue Surges

    NCS Multistage Holdings, Inc. reported revenues of $118.5 million for 2021, an increase of $11.5 million, or  11 per cent from the previous year.

    March 8, 2022, 1:38 PM MST

  • Petrus Outlines Spending Plan

    Petrus Resources Ltd.’s board of directors has approved a 2022 capital budget of $50 to $55 million.

    March 8, 2022, 2:31 PM MST

  • Vermilion Boosts Net Earnings, Cuts Debt In ‘Transformational’ 2021

    Commodity prices helped carry Vermilion Energy Inc. to a considerable increase in fund flows from operations (FFO) in its fourth quarter of 2021.

    March 7, 2022, 2:55 PM MST

  • MEG Achieves Record Bitumen Output, Delivers Strong Financial Results

    MEG Energy Corp. delivered record bitumen production volumes for the fourth quarter and full-year 2021 while generating strong earnings and funds flow from operations.

    March 4, 2022, 9:10 AM MST

  • Ensign Revenue Climbs In Q4, Sales Interest ‘Lit Up’ In Early ‘22

    A Canadian acquisition in mid-2021 helped Ensign Energy Services Inc. boost its overall revenue last year.

    March 4, 2022, 5:04 PM MST

  • Tamarack Valley In Peavine Metis Settlement Strategic Land Agreement

    Tamarack Valley Energy Ltd. has entered into a strategic partnership with the Peavine Metis Settlement in the High Prairie area that covers 29.5 sections of land, which are prospective for the Clearwater formation.

    March 4, 2022, 5:38 AM MST

  • Crescent Point Achieves Operational Momentum In Kaybob Duvernay

    Crescent Point Energy Corp. says it continues to gain operational momentum in its Kaybob Duvernay play, realizing ongoing operational efficiencies and cost reductions.

    March 3, 2022, 11:32 AM MST

  • CNRL’s Output Spikes To Record Highs, Earnings Soar

    Canadian Natural Resources Limited amped up 2021 production to record quarterly and annual levels and achieved output of approximately 1.24 million boe/d, representing an increase of six per cent or approximately 71,000 boe/d over 2020 levels.

    March 3, 2022, 11:04 AM MST

  • Tervita Asset Integration, Debt Repayment And Organic Growth Focus Of SECURE Energy Services In 2022

    SECURE Energy Services Inc. reported improved financial performance coming out of 2021, and will focus on debt reduction, organic growth and the continued integration of the assets from its acquisition of Tervita Corporation as 2022 advances, said company president and CEO Rene Amirault in releasing SECURE’s 2021 fourth quarter and year end results.

    March 3, 2022, 7:59 AM MST

  • Despite Commodity Price Surge, Yangarra Not Budging From 30-Well Program

    Yangarra Resources Ltd. remains committed to a “disciplined” one-rig, 30 well program, with the balance of free-cash flow generated to be used for debt retirement until the company achieves its debt targets.

    March 3, 2022, 3:31 PM MST

  • Freehold Output Surges

    Freehold Royalties Ltd. reported record average production levels in Q4-2021 of 14,005 boe/d.

    March 2, 2022, 2:28 PM MST

  • Athabasca Maintains Spending Outlook, Including Turnaround At Leismer

    Athabasca Oil Corporation is maintaining its previously announced $128 million capital program in 2022, including a turnaround at Leismer.

    March 2, 2022, 4:31 PM MST

  • ‘Strong’ Q1 So Far For CWC

    CWC Energy Services Corp. is currently experiencing a strong Q1 2022 with both activity and pricing increasing for both the drilling rig and service rig segments.

    March 2, 2022, 5:06 PM MST

  • Paramount Lifts Dividend

    Paramount Resources Ltd.’s board of directors has approved an increase in the company's regular monthly dividend to eight from six cents per common share.

    March 2, 2022, 6:07 AM MST

  • Topaz Energy Reports Record Production, Free Cash Flow In Final Quarter Of 2021

    Royalty and infrastructure company Topaz Energy Corp. reported record year-over-year increases in production and cash flow in the final quarter of 2021.

    March 2, 2022, 8:14 AM MST

  • PETRONAS Returns To Profit, Plans Clean Energy Unit

    March 2, 2022, 12 AM MST

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