Tidewater Midstream and Infrastructure Ltd. expects to announce a final investment decision in the near-term for its Pipestone Natural Gas Plant Phase 2 expansion to add 100 mmcf/day of sour gas processing to the facility.
May 13, 2022, 9:43 AM MDT
Consumable chemical supplier CES Energy Solutions Corp. generated record revenue of $401.3 million in the first quarter of 2022, an increase of $33.5 million or nine per cent compared to the final quarter of 2021. Revenues were up 54 per cent compared to the first quarter of 2021.
May 13, 2022, 7:40 AM MDT
Essential Energy Services Ltd.’s Q1 revenue climbed to $37.7 million, 25 per cent higher than the same prior year quarter as a result of increased activity due to improved industry conditions.
May 13, 2022, 12 AM MDT
Stampede Drilling Inc.’s strong 2021 results continued into 2022, with all 10 of its marketable rigs being fully crewed and operational during the first quarter.
May 13, 2022, 12 AM MDT
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
May 12, 2022, 8:08 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
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
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
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
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
Enerflex Ltd. achieved strong financial results during this year’s first quarter despite increased inflationary and competitive pressures, says executive management.
May 5, 2022, 10:39 AM MDT
First quarter revenues for NCS Multistage Holdings, Inc. were $39.1 million, an increase of 37 per cent compared to the first quarter of 2021.
May 5, 2022, 2:48 PM MDT
First quarter revenue for Western Energy Services Corp. increased by $13.5 million or 37 per cent, to $50.5 million in 2022 as compared to $37.0 million in the first quarter of 2021.
May 5, 2022, 3:18 PM MDT
High commodity prices, combined with increased throughput at Gibson Energy Inc.’s liquids infrastructure business and improved performance at its marketing business resulted in higher revenue and earnings in the first quarter of 2022, the company reported this morning.
May 3, 2022, 9:41 AM MDT
Calfrac Well Services Ltd. reported increases in both fracturing jobs and fracturing revenue in Canada over the first quarter of this year.
May 3, 2022, 10:05 AM MDT
CWC Energy Services Corp.’s Q1 2022 revenue of $40.8 million was an increase of $16.1 million compared to $24.7 million in Q1 2021.
May 2, 2022, 12 AM MDT
TC Energy Corporation achieved strong Q1 2022 results underpinned by solid utilization and reliability across its assets, says management, further supported by a “constructive” fundamental North American energy outlook.
April 29, 2022, 8:54 AM MDT
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
April 29, 2022, 6:32 AM MDT
Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
SECURE Energy Services Inc. expects sustaining capital in 2022 to be $55 million, including capital expenditures related to landfill expansions of $15 million.
April 28, 2022, 6:05 AM MDT
A 71 per cent increase in coal shipments and six per cent increase in petroleum and chemical shipments were major bright spots in Canadian National Railway Company’s first quarter 2022 results, the company reported Tuesday afternoon.
April 28, 2022, 8:36 AM MDT
Pason Systems Inc. generated $74.5 million in revenue in the first quarter of 2022, representing a 75 per cent increase from the $42.6 million generated in the first quarter of 2021 as drilling activity improved significantly across Pason's operating regions.
April 28, 2022, 3:42 PM MDT
Teck Resources Limited’s 21.3 per cent share of bitumen production from Fort Hills increased by 72 per cent in the first quarter to 34,433 bbls/d compared to the same period in 2021.
April 27, 2022, 12 AM MDT