Financial Results

  • Razor Q3 Production Hit By Non-Operated Interruptions

    Non-operated production interruptions in the Swan Hills and Kaybob areas in the third quarter of 2019 adversely affected Razor Energy Corp. production which was down 17 per cent from the previous year.

    December 2, 2019, 9:29 AM MST

  • Large Lower Montney Light Oil Resource Materially Derisked, Says Leucrotta

    Leucrotta Exploration Inc. says it  has been able to materially derisk a large light oil resource in the Lower Montney over a minimum of 140 net sections of land.

    November 27, 2019, 9:38 AM MST

  • Cardinal Boosts Capex By $10 Million

    Cardinal Energy Ltd. increased its capital budget to $62 million, from $52 million to start a multi-well drilling program fulfilling land earning farm-in commitments late in the third quarter.

    November 27, 2019, 6 AM MST

  • Cequence, Hemisphere, Granite, Corridor: Q3 Earnings Round up

    Cequence Energy Ltd. completed scheduled turnarounds at two facilities reducing its third quarter production by approximately 365 boe/d.

    November 18, 2019, 10:20 AM MST

  • ‘Exceptional’ Well Results Drive Questerre Q3 Profit

    Questerre Energy has reported a net profit of $1.33 million for the third quarter of 2019 compared to a loss of $2.02 million in the comparable 2018 period and a loss of $1.7 million year-to-date (2018-$1.39 million loss).

    November 18, 2019, 3:08 PM MST

  • Birchcliff Lays Out Preliminary Plans For 2020

    Birchcliff Energy Ltd. is currently in the process of finalizing its capital spending plans for 2020.

    November 15, 2019, 7:33 AM MST

  • Prairie Provident Defers Well To Q1 2020

    Prairie Provident Resources Inc. has deferred plans to drill one well to the first quarter of 2020 due to the widening of the WCS differentials.

    November 15, 2019, 10:11 AM MST

  • Number Of Wells Drilled On Freehold’s Royalty Lands Climb

    Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.

    November 14, 2019, 8:28 AM MST

  • Zargon Committed To Reducing Inactive Well Count

    Zargon Oil & Gas Ltd. says it remains committed to reducing its inactive well count in order to facilitate possible business combinations with other small producers.  

    November 14, 2019, 8:47 AM MST

  • Pipestone Accelerating Completion Of Six Wells

    Pipestone Energy Corp. is forecast to complete the previously disclosed scope of its 2019 capital program well under its capital guidance range of $145 to $155 million.

    November 14, 2019, 9:08 AM MST

  • Bellatrix Shares Delisted From TSX

    Bellatrix Exploration Ltd. said that on Nov. 8, 2019, the Toronto Stock Exchange (TSX) delisted the common shares of Bellatrix as a result of the company’s initiation of creditor protection proceedings, as previously announced on Oct. 2, 2019.  

    November 14, 2019, 10:33 AM MST

  • Storm 2020 Capex Range At $75-$90MM

    Capital investment for Storm Resources Ltd. in 2020 is expected to be $75–$90 million (previous estimate was $80 million), which will be approximately equal to estimated funds flow at current strip pricing.

    November 13, 2019, 8:36 AM MST

  • Petrus To Spend $5.5 Million In Q4

    Petrus Resources Ltd.’s board of directors has approved a fourth quarter 2019 capital budget of $5.5 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.

    November 13, 2019, 9:31 AM MST

  • NuVista Targets $300-$330 Million 2020 Capex

    NuVista Energy Ltd. plans to spend $300-$330 million in 2020 to achieve a production guidance range of 57,000 to 61,000 boe/d, with approximately 60 per cent of wells drilled next year in the Pipestone area.

    November 12, 2019, 10:44 AM MST

  • Altura Brings Two Wells On Production In Q3, Evaluates Options At Entice

    Altura Energy Inc. brought two 1.5-mile extended reach horizontal (ERH) wells at Leduc-Woodbend on production in August.

    November 12, 2019, 10:18 AM MST

  • Perpetual Slashes Workforce 25%, Q3 Net Loss Widens

    Perpetual Energy Inc. has laid off one-quarter of its workforce while downgrading its 2019 guidance, the company announced in its third quarter results release.

    November 11, 2019, 9:10 AM MST

  • Chinook Energy Enters Strategic Alternatives Process

    Chinook Energy Inc. has established a special committee consisting of three directors to review available strategic alternatives, the company said in its third quarter release.

    November 11, 2019, 10:38 AM MST

  • Enerplus Tightens Guidance, Capital Spending

    Enerplus Corporation’s third quarter production increased year-over-year on the growth of oil and natural gas liquids in North Dakota.

    November 11, 2019, 11:15 AM MST

  • ARC Drilled 26 Wells In Q3, Completes 29

    ARC Resources Ltd. invested $161.9 million in the third quarter of 2019 to drill 26 wells (14 liquids-rich wells and 12 oil wells) and complete 29 wells.

    November 8, 2019, 12 AM MST

  • Delphi Plans Winter Program Next Month If Proposed Recapitalization Proceeds

    Delphi Energy Corp. plans to begin its winter capital program in December, assuming its proposed recapitalization transaction becomes effective.

    November 8, 2019, 10:27 AM MST

  • Reduced Need For Sustaining Capital Drives 7Gen $1.1 Billion 2020 Capital Budget

    Seven Generations Energy Ltd. is budgeting $1.1 billion for capital spending in 2020, down 12 per cent from its 2019 capital plan of $1.25 billion, reflecting its reduced sustaining capital requirements and continued commitment to generating free cash flow.

    November 7, 2019, 10:56 AM MST

  • Paramount Accelerates Drilling Program At Karr

    As a result of “capital efficiencies” in its 2019 capital program, Paramount Resources Ltd. has accelerated drilling operations for 10 (10.0 net) Montney wells at Karr into the fourth quarter of 2019 that were originally scheduled for 2020, while maintaining its 2019 base capital budget at $350 million.

    November 7, 2019, 7:39 AM MST

  • Painted Pony Capex On Track

    Painted Pony Energy Ltd. invested $23 million of capital during the third quarter of 2019, which included drilling 5.0 net wells and completing 4.0 net wells for a combined cost of $16 million.

    November 7, 2019, 8:24 AM MST

  • Tamarack Valley Sets ‘Conservative’ Preliminary 2020 Budget

    Tamarack Valley Energy Ltd. says its preliminary 2020 budget anticipates that capital expenditures and average production will remain consistent with 2019 levels and range between $170 million and $180 million and 23,500 to 24,500 boe/d, respectively, while the oil and NGL weighting is expected to increase to a range of 64–66 per cent.

    November 7, 2019, 11:33 AM MST

  • Pengrowth CEO Says Sale To Cona ‘Only Available Path’

    Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million

    November 7, 2019, 6:54 PM MST