Cardinal Energy Ltd. is hiking its capital budget to $46 million from $27 million.
May 14, 2021, 6:12 AM MDT
Petrus Resources Ltd. generated funds flow of $6.99 million (14 cents per share) during the first quarter of 2021, up nine per cent from the previous quarter due entirely to commodity price improvement.
May 14, 2021, 7:50 AM MDT
Peyto Exploration & Development Corp.’s technical team has recently conducted an internal evaluation of the company’s successful 2020 drilling program which yielded above average returns and record capital efficiency and a portion of that success was the result of longer horizontal laterals and improved stimulation intensity.
May 13, 2021, 11:14 AM MDT
Pieridae Energy Limited’s assets maintained strong production in the first quarter of 2021, averaging 43,997 boe/day, a seven per cent increase from the comparative quarter in 2020.
May 13, 2021, 8:06 AM MDT
Birchcliff Energy Ltd. is revising its 2021 guidance as a result of its strong new well performance and improved outlook for commodity prices.
May 13, 2021, 6:49 AM MDT
With the material improvement in commodity prices over the last six months, Storm Resources Ltd. is currently evaluating an increase to capital investment in the second half of 2021 for its liquids-rich natural gas operations in northeast B.C.’s Montney.
May 13, 2021, 10:44 AM MDT
Crescent Point Energy Corp. says it is moving quickly to integrate the company’s newly acquired Duvernay assets into its operations.
May 12, 2021, 11:10 AM MDT
NuVista Energy Ltd. commissioned the Pipestone North infrastructure project on March 15, 2021, ahead of schedule.
May 12, 2021, 6:43 AM MDT
Pipestone Energy Corp. kicked off its 2021 capital program with seven wells drilled and rig released and six wells completed during the first quarter of 2021.
May 12, 2021, 7:24 AM MDT
In total, 111 (3.9 net) wells were drilled on Freehold Royalties Ltd.'s royalty lands in Q1-2021, a 37 per cent decline on a gross measure versus the same period in 2020 but flat when compared to Q4-2020.
May 12, 2021, 7 AM MDT
Bonterra Energy Corp. invested $23.5 million in capital expenditures during Q1 2021.
May 12, 2021, 12 AM MDT
Prairie Provident Resources Inc. is encouraged by early production and test data from the first two wells of its 2021 capital program.
May 12, 2021, 1:47 PM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT
In an “important milestone” reporting period that marked the first quarterly results of the combined Cenovus Energy Inc.-Husky Energy Inc. entity, the combined assets “have been performing extremely well” and contributed to the company’s solid operational and financial results, says Alex Pourbaix, president and CEO.
May 7, 2021, 10:41 AM MDT
During the first quarter of 2021, Topaz Energy Corp. continued to execute its growth strategy, investing $144 million to acquire 765,000 gross acres of high margin gross overriding royalty interests in the Deep Basin and Clearwater areas of Alberta.
May 7, 2021, 5:43 AM MDT
Crew Energy Inc. continues to reduce its surface footprint by developing its resource through the drilling of longer extended reach horizontal (ERH) wells, the company noted in its Q1 report.
May 7, 2021, 6:10 AM MDT
Obsidian Energy Ltd. has formally closed its previously announced strategic alternatives process, considering the successful completion of the syndicated credit facility and senior notes maturity extension to November 2022 and its stronger operational and improved financial position.
May 7, 2021, 7:38 AM MDT
TransGlobe Energy Corporation began completions work during Q1 2021 on the previously drilled two-mile horizontal well in South Harmattan.
May 7, 2021, 8:28 AM MDT
Canadian Natural Resources Limited posted strong first quarter results and achieved record quarterly production and record quarterly liquids production of over 979,000 bbls/d as a result of “our effective and efficient operations and high operating levels” said Tim McKay, president, said during a Q1 conference call this morning.
May 6, 2021, 10:41 AM MDT
ARC Resources Ltd.'s updated 2021 capital budget of $950 million to $1 billion is designed to sustain production and maximize free funds flow generation.
May 6, 2021, 6:31 AM MDT
Kelt Exploration Ltd.’s average production in Q1 fell to 18,860 boe/d, a 39 per cent drop from the same quarter last year.
May 6, 2021, 7:09 AM MDT
Murphy Oil Corporation started off 2021 by completing strategic financial transactions that de-levered the balance sheet and extended the maturity profile, says management.
May 6, 2021, 9:32 AM MDT
InPlay Oil Corp.’s capital program for the quarter consisted of $12.2 million of development capital focused on three (3.0 net) 1.5-mile ERH wells in Pembina and completing one (0.2 net) Nisku ERH well drilled in late 2020.
May 6, 2021, 2:17 PM MDT
Enerplus Corporation’s board of directors approved a 10 per cent increase to the company's dividend to 3.3 cents per share paid quarterly, from one-cent per share paid monthly previously.
May 6, 2021, 3:09 PM MDT