Financial Results

  • Record Royalty Output For Source Rock

    Source Rock Royalties Ltd. reported record quarterly royalty production of 228 boe/d (94 per cent oil and NGLs), an increase of 43 per cent compared to Q3 2022 and 11 per cent higher than Q2 2023.

    November 28, 2023, 9:53 AM MST

  • Logan Energy Expansion: Company Has Added Acreage Since Operations Start-Up

    Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.

    November 23, 2023, 6:59 AM MST

  • Lycos Brings On ‘Fishbone,’ Wells, Drills ‘Wine Rack’ Well

    Lycos Energy Inc. executed a $20.9 million capital expenditure program bringing onstream three multi-leg fishbone wells (including two extended reach sweeper fishbone wells at 17 kilometres and 20 kilometres of drilled reservoir respectively) and three multi-lateral wells (including two new generation wine rack wells) in the quarter.

    November 23, 2023, 8:31 AM MST

  • Hemisphere Preparing For New Pilot Polymer Flood

    During the third quarter, Hemisphere Energy Corporation completed the majority of its planned 2023 capital expenditure program.

    November 23, 2023, 12 AM MST

  • Third Quarter Was ‘Transformative’ For Greenfire Resources

    Greenfire Resources Ltd. president and CEO Robert Logan says Q3 was a “transformative quarter” for the company, which is focused on the sustainable production and development of thermal energy resources in the Athabasca region of Alberta.

    November 17, 2023, 7:34 AM MST

  • Pieridae Initiates Process To Sell Goldboro Subsidiary

    Pieridae Energy Limited has initiated a process to sell its Goldboro subsidiary and associated assets, licenses and permits, highlighted by 267 acres of undeveloped coastal industrial land in Nova Scotia.

    November 15, 2023, 12 AM MST

  • Certus Acquisition Will Not Alter Pine Cliff’s ‘Measured’ Approach To Capital Spending

    Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.

    November 15, 2023, 9:02 AM MST

  • Year Over Year Production Jump Drives Third Quarter Results For Strathcona Resources

    Strathcona Resources Ltd. reported a year-over-year production increase of 23 per cent in the third quarter, resulting in steady financial performance, the company reported in its first quarter as a public company after its transaction with Pipestone Energy Corp. that closed in early October.

    November 14, 2023, 6:53 AM MST

  • Birchcliff Starts Planning For Natgas Processing Plant At Elmworth

    As previously disclosed, Birchcliff Energy Ltd. has amassed a significant Montney land position in the Elmworth area of Alberta, which positions the company to continue to drive long-term shareholder value and provides it with a large potential future development area that can supply clean natural gas for many years to come.

    November 14, 2023, 3:13 PM MST

  • Kakwa Continues To Drive Questerre Output; Eyeing Carbon Capture

    Consistent with prior periods, Kakwa continued to account for 80 per cent of Questerre Energy Corporation’s production.

    November 14, 2023, 12 AM MST

  • Kiwetinohk Sees Production Climb, Brings On Tony Creek Duvernay Wells In Q3

    Total production for Kiwetinohk Energy Corp. in the third quarter of 2023 averaged 21,218 boe/d, topping the same time last year by 28.7 per cent.

    November 10, 2023, 12 AM MST

  • Headwater Lifts 2023 Spending Plan

    Headwater Exploration Inc. lifted its planned 2023 spending plan by $10 million from $225 million to $235 million.

    November 10, 2023, 5:03 AM MST

  • Rubellite Lifts 2023 Capital Spending Slightly To Support Next Year’s Drilling

    Rubellite Energy Inc. expects to spend approximately $20 - $22 million in the fourth quarter of 2023 to drill, complete, equip and tie-in 11 (11.0 net) multi-lateral development infill and step-out wells at Figure Lake, unchanged from previous guidance.

    November 10, 2023, 5:20 AM MST

  • Petrus Resumes Drilling Program

    Drilling resumed for Petrus Resources Ltd. during the third quarter of 2023 up to the middle of October.

    November 10, 2023, 12 AM MST

  • Journey Looking To Expand Duvernay Footprint

    Journey Energy Inc. says it continues to advance its repeatable plays, and is looking for opportunities to expand the company’s Duvernay footprint.

    November 10, 2023, 12 AM MST

  • InPlay Says Facility Upgrades To Assist With Production Improvements

    InPlay Oil Corp. says recent investments made in increasing natural gas takeaway capacity through two facility upgrades in Willesden Green will be important in alleviating potential production issues from third-party facility outages going forward.

    November 10, 2023, 12 AM MST

  • Gear’s ‘Strategic Repositioning’ Process Continues

    During the third quarter Gear Energy Ltd. announced the start of a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.

    November 10, 2023, 12 AM MST

  • Suncor Execs Pleased With Operational Performance Despite Lower Production

    Suncor Energy Inc. Q3 total upstream output decreased to 690,500 boe/d from 724,100 boe/d a year earlier as solid combined upgrader utilization outside of planned maintenance activities and continued strong in situ performance was partially offset by asset divestments in the exploration and production segment.

    November 9, 2023, 10:52 AM MST

  • Hedging Gains, Lower Drilling And Completions Costs Help Keep Margins Up At Peyto

    A $36 million hedging gain helped Peyto Exploration & Development Corp. report earnings of $57 million in the third quarter of 2023, despite low benchmark natural gas prices.

    November 9, 2023, 8:26 AM MST

  • Bonterra Boosts Q3 Output

    Capital expenditures for Bonterra Energy Corp. in the quarter totaled $36.1 million, of which $27.5 million was directed to the drilling of 12 gross (11.8 net) operated wells while 13 gross (13.0 net) operated wells were completed, equipped, and tied-in.

    November 9, 2023, 12 AM MST

  • Kelt Output Up For Q3

    Kelt Exploration Ltd.'s average production for the three months ended Sept. 30, 2023, was 28,179 boe per day, up nine per cent from average production of 25,791 boe per day during the corresponding period in 2022 and down five per cent from average production of 29,705 boe per day during the second quarter of 2023.

    November 9, 2023, 6:19 AM MST

  • Obsidian Output Climbs

    Obsidian Energy Ltd.’s average production was 32,937 boe/d, a 10 per cent increase from 29,985 boe/d in the third quarter of 2022 due to the strong performance of its development program with 35 (34.6 net) wells brought on production during the first nine months of 2023.

    November 9, 2023, 7:20 AM MST

  • Freehold Sees Record Drilling Activity On Royalty Lands

    During the first nine months of 2023, 779 gross (14.1 net) wells were drilled on Freehold Royalties Ltd.’s North American royalty lands, representing the highest level of gross drilling activity through the first three quarters in the company’s 27-year history.

    November 9, 2023, 12 AM MST

  • NuVista Reports Record Quarterly Production

    NuVista Energy Ltd. reported a quarterly production record of just over 80,000 boe/d with peak-day rates of approximately 85,000 boe/d.

    November 8, 2023, 6:39 AM MST

  • Yangarra Lowers Drilling Costs; Evaluating Completions Techniques

    Yangarra Resources Ltd.’s drilling costs continue to improve with a reduction of 15-30 per cent in drilling spud to rig release times when compared with previous years, which has mitigated most of the cost escalations experienced over the past 18 months.

    November 8, 2023, 7:04 AM MST

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