Corridor Resources Inc. recorded lower net income, sales and cash flow from operations for the first quarter of 2019, reflecting weaker than forecast natural gas prices on flat production.
May 17, 2019, 10:20 AM MDT
As improving horizontal wells and a flattening decline rate reduce the need for maintenance capital, Montney producer Storm Resources Ltd. is investing the free cash flow into growth at Nig and Fireweed in northeast British Columbia.
May 16, 2019, 6 AM MDT
Birchcliff Energy Ltd.’s production averaged 74,884 boe/d in the first quarter, a two per cent decrease from 76,323 boe/d in Q1 2018.
May 16, 2019, 12 AM MDT
Corporate guidance for 2019 remains as previously announced with a capital program of $15 million, with Altura Energy Inc.’s spending weighted to the second half of 2019.
May 15, 2019, 7:30 AM MDT
Chinook Energy Inc. achieved a nine per cent increase in production in the first quarter of 2019 despite voluntary and significant third party production restrictions and no capital investment.
May 14, 2019, 6 AM MDT
Pine Cliff Energy Ltd. drilled its first 100 per cent-operated well in the Pekisko area generating 375 boe/d (60 per cent liquids) in the first three months of 2019.
May 14, 2019, 6 AM MDT
In Canada, TransGlobe Energy Corporation equipped and tied in six (five net) Cardium oil wells (from the 2018 capital program) in the Harmattan area during January.
May 13, 2019, 6:55 AM MDT
Enerplus Corporation has narrowed its 2019 capital spending guidance range to $590 million to $630 million (from $565 to $635 million) following the continued optimization of operational plans in North Dakota.
May 13, 2019, 9:19 AM MDT
Lower oil and liquids prices resulted in lower revenue and adjusted funds flow and an increased loss in the first quarter of 2019 for Questerre Energy Corporation.
May 13, 2019, 10:13 AM MDT
Liquids-weighted intermediate Athabasca Oil Corporation is well positioned to benefit from strong global fundamentals for heavy oil, shareholders heard Thursday.
May 10, 2019, 12 AM MDT
Obsidian Energy Ltd. says it now plans to drill a total of 18 short-cycle, light oil Cardium wells in 2019, reaffirming its focus on the highest margin asset in the company’s portfolio.
May 10, 2019, 11:10 AM MDT
Coming out of a bust cycle in the oilpatch, Yangarra Resources Ltd. has grown yearly average production by 64 per cent in 2018 to 9,425 boe/d, completed an infrastructure build-out it calls instrumental to its future growth strategy and added a new core area “with stellar well results,” the company reported at its annual general meeting Thursday.
May 10, 2019, 11:22 AM MDT
Tamarack Valley Energy Ltd. will re-evaluate its capital allocation strategy in the second half of 2019 to determine whether changes are required to its original capital budget of $170 to $180 million based on the status of the curtailment order and the commodity price outlook.
May 10, 2019, 7:30 AM MDT
Capital expenditures for the three months ended March 31, 2019, focused at Simonette where Cequence Energy Ltd. completed and tied in the two gross (2.0 net) Dunvegan horizontal oil wells drilled in the fourth quarter of 2018 and completed in early 2019.
May 10, 2019, 9 AM MDT
Canadian Natural Resources Limited achieved quarterly production volumes of 1,035,212 boe/d in the first quarter, a four per cent decrease from fourth quarter 2018 levels reflecting Alberta's mandatory production curtailments.
May 9, 2019, 11:58 AM MDT
With the early start-up of the Gundy plant providing a modest production cushion and continued reduction of per-well capital costs, Tourmaline Oil Corp. has decided to reduce the full-year 2019 capital program by a further $25 million to $1.2 billion.
May 9, 2019, 12 AM MDT
Crescent Point Energy Corp. continues to focus on balance sheet improvement through disciplined capital allocation, cost reductions and increased cash flow generation, executives with the company said this morning.
May 9, 2019, 11:23 AM MDT
With the vast majority of the work to integrate the assets of two acquired companies completed, Paramount Resources Ltd. will focus on maintaining capital discipline and prioritizing lower-risk, liquids-rich Montney resource plays that generate immediate cash flows, the company told its annual general meeting Wednesday.
May 9, 2019, 9:48 AM MDT
In the first quarter of 2019 InPlay Oil Corp. drilled 2.7 net extended reach horizontal (ERH) wells with the majority of the remaining 2019 capital planned to be spent in the second half of the year on approximately six net additional Cardium ERH wells.
May 9, 2019, 12 AM MDT
Cardinal Energy Ltd. maintained volume targets despite the province’s mandatory curtailments in the first quarter of 2019.
May 9, 2019, 7:48 AM MDT
Granite Oil Corp. did not drill any wells in the first quarter but has resumed activity in the second quarter of 2019.
May 9, 2019, 10:13 AM MDT
Peyto Exploration & Development Corp.’s president and CEO is optimistic new Alberta Premier Jason Kenney and his United Conservative Party (UCP) government will lend a helping hand to the province’s struggling oil and gas sector.
May 8, 2019, 10:56 AM MDT
As Montney natural gas producer NuVista Energy Ltd. continues to grow its business, including work on its 2018 Pipestone acquisition, its chief executive is quick to defend the company’s strategy of measured funded growth.
May 8, 2019, 12 AM MDT
Pengrowth Energy Corporation reported higher adjusted funds flow in the first quarter due to a leaner cost structure and a 20 per cent increase in Lindbergh SAGD bitumen production during the three-month period compared to the prior year.
May 8, 2019, 11:20 AM MDT
A significant element of stability returned to oil prices, which greatly assisted Journey Energy Inc. in achieving funds flow of $7.7 million in the first quarter of 2019, up 50 per cent from last year.
May 8, 2019, 12 AM MDT