Cardinal Energy Inc.’s capital expenditures for the fourth quarter were $41.3 million, consisting of $3.5 million on recompletions and workovers throughout its operating areas combined with $7.9 million on facilities and infrastructure upgrades.
March 18, 2024, 12 AM MDT
Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.
March 15, 2024, 9:08 AM MDT
While fourth quarter of 2023 production at Kiwetinohk Energy Corp. was flat year-over-year, it was a banner year overall for output.
March 8, 2024, 12 AM MST
Peyto Exploration & Development Corp. reported funds flow from operations of $670 million in 2023, the third highest in company history.
March 8, 2024, 9:39 AM MST
Crew Energy Inc. reported production of 30,178 boe/d in 2023, down slightly from 33,277 boe/d the previous year.
March 8, 2024, 4:59 AM MST
Kelt Exploration Ltd.’s average production for the three months ended Dec. 31, 2023 was 32,344 boe/d, up 15 per cent compared to average production of 28,036 during the fourth quarter of 2022.
March 8, 2024, 12 AM MST
Increased well productivity, combined with gas market diversification, helped Tourmaline Oil Corp. deliver net earnings of slightly under $1.74 billion in 2023, despite low gas prices throughout the year.
March 7, 2024, 7:34 AM MST
Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.
March 7, 2024, 5:12 AM MST
Michael Belenkie, president and CEO of Advantage Energy Ltd., called the company’s 2023 results “exceptional” citing record production, record well results, and continued significant share buybacks, with the year ending well below the company’s net debt target.
March 6, 2024, 6 AM MST
Paramount Resources Ltd. reported record annual sales volumes of 96,393 boe/d (46 per cent liquids) in 2023.
March 6, 2024, 7:43 AM MST
Baytex Energy Corp. exceeded guidance in the fourth quarter 2023, and president and CEO Eric Greager said 2023 demonstrated the strength of its oil-weighted portfolio.
March 5, 2024, 12 AM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.
March 4, 2024, 11 AM MST
MEG Energy Corp. reached a milestone in 2023 as average production grew by six per cent, averaging over 100,000 bbls/d for the first time and exiting the year at approximately 110,000 bbls/d.
March 1, 2024, 9:03 AM MST
Canadian Natural Resources Limited delivered strong fourth quarter and full-year 2023 operational results, and achieved multiple production records including annual average total production of approximately 1.33 million boe/d.
February 29, 2024, 10:56 AM MST
NuVista Energy Ltd. says a six-well pad at Gold Creek that was brought onstream in the fourth quarter of 2023 continues to be a significant performance highlight.
February 29, 2024, 10:04 AM MST
Crescent Point Energy Corp. saw its production jump 20 per cent to average about 159,400 boe/d in 2023 with the addition of Spartan Delta Energy’s Montney assets in 2023.
February 29, 2024, 7:56 AM MST
In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.
February 27, 2024, 12 AM MST
Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.
February 22, 2024, 10:36 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
Cenovus Energy Inc. achieved the second-highest quarterly production rates in its history as fourth quarter output averaged 808,600 boe/d in the fourth quarter, an increase of approximately 12,000 bbls/d from the third quarter and up slightly from 806,900 bbls/d in Q4 2022.
February 15, 2024, 10:59 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
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