Bellatrix Exploration Ltd.’s production volumes in the fourth quarter of 2018 averaged 35,001 boe/d (71 per cent natural gas weighted), up four per cent from third quarter 2018 volumes of 33,530 boe/d but down from Q4 2017 volumes of 37,077 boe/d.
March 15, 2019, 3:47 AM MDT
Bellatrix Exploration Ltd. recorded a fourth quarter 2018 net loss of $89.8 million compared to a net loss of $13.05 million the comparable period in 2017.
March 15, 2019, 3:54 AM MDT
Through the first half of 2019, Delphi Energy Corp. will complete and bring on production its four-well pad in West Bigstone.
March 14, 2019, 8:33 AM MDT
Petrus Resources Ltd. announced a second quarter 2019 capital budget of $7–$8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
March 14, 2019, 8:06 AM MDT
Focusing on its Dunvegan oil program, natural-gas weighted Cequence Energy Ltd. increased its liquids weighting in both the 2018 year and fourth quarter although overall production in both periods was down from the previous year.
March 14, 2019, 12 AM MDT
TransGlobe Energy Corporation produced an average of 14,439 boe/d in 2018 as compared to 15,506 boe/d a year earlier, a seven per cent decrease year over year.
March 13, 2019, 9:17 AM MDT
For 2018, Bonterra Energy Corp. invested $78.7 million in net capital expenditures, or four per cent less than in 2017.
March 13, 2019, 7:43 AM MDT
Journey Energy Inc. reported a lower net loss for Q4 and the year-ended 2018, but its funds flow declined in both periods.
March 12, 2019, 12 AM MDT
Obsidian Energy Ltd.’s full year production declined by nine per cent to 28,953 boe/d.
March 8, 2019, 6 AM MST
Yangarra Resources Ltd. reported higher financial and production results for 2018, as output, net income and funds flow all increased.
March 8, 2019, 9:21 AM MST
The Cardium play was revitalized with a “proven, innovative completion design,” resulting in a 200 per cent increase in booked Cardium locations, said Peyto Exploration & Development Corp.
March 7, 2019, 6:56 AM MST
Crescent Point Energy Corp. says its 2019 capital budget is expected to generate over $400 million of excess cash flow, based on current strip prices, which will be used for net debt repayment and additional share repurchases.
March 7, 2019, 11:20 AM MST
Painted Pony Energy Ltd. increased average daily production volumes during 2018 by 35 per cent to 347 mmcfe/d, or 57,879 boe/d.
March 7, 2019, 7:59 AM MST
Chinook Energy Inc. continues to layer in commodity price hedges and diversify its natural gas sales points with approximately 30 per cent of forecast 2019 natural gas production currently hedged and greater than 33 per cent of forecast 2019 natural gas production sold at Chicago pricing.
March 7, 2019, 8:43 AM MST
Liquids-weighted Athabasca Oil Corporation achieved a three per cent year-over-year increase in total proved plus probable reserves as higher thermal reserves offset lower light oil reserves.
March 7, 2019, 10:13 AM MST
Pengrowth Energy Corporation’s average daily production for the fourth quarter increased 11 per cent to 24,104 boe/d compared with 21,807 boe/d in the third quarter of 2018 primarily as a result of infill wells coming on-line at Lindbergh and additional production from Groundbirch that was brought back onstream when gas prices improved.
March 6, 2019, 10:52 AM MST
Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
Fourth quarter 2018 cash flow for Tourmaline Oil Corp. was $391.5 million, up 12 per cent over Q4 2017 and up 36 per cent over the third quarter of 2018 cash flow.
March 6, 2019, 12 AM MST
NuVista Energy Ltd. produced a record 49,060 boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000–48,500 boe/d and 31 per cent greater than the respective quarter in 2017.
March 6, 2019, 8:17 AM MST
While Kelt Exploration Ltd. has not changed its previously reported guidance, the company will re-evaluate its spending plans for the remainder of 2019 after the first quarter is complete.
March 6, 2019, 8:43 AM MST
Crew Energy Inc. 2018 volumes increased four per cent over 2017 and were within guidance of 23,500-24,500 boe/d including 2,380 bbls/d of condensate, an increase of 16 per cent over 2017.
March 5, 2019, 9:58 AM MST
Storm Resources Ltd. achieved record production in the fourth quarter of 2018 along with record funds flow for the fourth quarter and year.
March 1, 2019, 10:48 AM MST
Advantage Oil & Gas Ltd. achieved record production levels in the fourth quarter and full-year 2018 while also gaining $59 million through marketing diversification initiatives.
March 1, 2019, 9:05 AM MST
Seven Generations Energy Ltd. reported average 2018 sales volumes of 202,600 boe/d, with liquids representing 60 per cent of total sales, and up 16 per cent from 175,000 boe/d in 2017.
February 28, 2019, 11:09 AM MST
Whitecap Resources Inc.’s top executive believes there could be some tailwinds coming as 2019 unfolds and that industry conditions are showing signs of improvement for Canadian crude producers.
February 28, 2019, 10:28 AM MST