Financial Results

  • Razor’s Output Rises For Q3

    Razor Energy Corp.’s production averaged 4,514 boe/d, an increase of 27 per cent from Q3 2021 and four per cent from Q2 2022.

    November 25, 2022, 12 AM MST

  • Hemisphere Output, Funds Flow Climb

    Hemisphere Energy Corporation’s funds flow from operations of $10.6 million in Q3 2022 was a 162 per cent increase over the comparable period in 2021.

    November 17, 2022, 12 AM MST

  • Rainfall-Related Downtime, Temporary Shut-in Slows Pieridae Production In Q3

    Multiple factors played a role in Pieridae Energy Limited recording a year-over-year pullback in production during the three-month span ending Sept. 30 2022, says the company’s president.

    November 15, 2022, 12 AM MST

  • Vermilion Says Performance Of First Mica Pad To Assist In Planning Future Development

    Vermilion Energy Inc. says the performance of its first Montney pad at Mica will provide information on the reservoir deliverability and assist in planning for future development as the company awaits resolution of the Blueberry River First Nations permitting for its British Columbia lands.

    November 14, 2022, 10:15 AM MST

  • Rubellite Outlines Spending Plan To Continue Two-Rig Program

    Rubellite Energy Inc. plans to spend approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023 to drill, complete, equip and tie-in 17 (14.9 net) multilateral horizontal development/infill wells at Figure Lake and Marten Hills and to execute its four to six (3.0 to 4.0 net) well northern exploration program.

    November 14, 2022, 12 AM MST

  • Kiwetinohk Impressed By New Wells, Enjoys Alliance Pipeline Advantages In Q3

    Natural gas led an overall year-over-year upswing in sales volumes for Kiwetinohk Energy Corp. during the third quarter of 2022, as the company continued to leverage favourable Chicago market prices.  

    November 14, 2022, 6 AM MST

  • Tenaz Capital For 2023 Focusing On Leduc-Woodbend

    Tenaz Energy Corp. announced a capital budget of $16 - $18 million for 2023.

    November 14, 2022, 9:04 AM MST

  • Q3 Roundup: Questerre, Prairie Provident

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

    November 14, 2022, 8:36 AM MST

  • MEG CEO Doesn’t Expect Wide Diffs To Last

    MEG Energy Corp.’s president and CEO Derek Evans doesn’t expect the current wide WCS-WTI differentials to last.

    November 10, 2022, 12 AM MST

  • Active Drilling Program Helps Peyto Boost Q3 Volumes 16 Per Cent

    Peyto Exploration & Development Corp. third quarter output increased 16 per cent year-over-year as an increased capital expenditure program and strong drilling results helped boost volumes.

    November 10, 2022, 10:49 AM MST

  • Pine Cliff Lifts 2022 Spending Outlook

    Pine Cliff Energy Ltd. approved an increase in its 2022 capital expenditure budget from $29.5 million to $31.5 million.

    November 10, 2022, 12 AM MST

  • Petrus Sets 2023 Capital Spending Plans

    Petrus Resources Ltd.’s board of directors has approved a capital budget for 2023 of $130 million to $135 million.

    November 10, 2022, 12 AM MST

  • Kelt Sets Initial 2023 Spending Plan

    Kelt Exploration Ltd. announced an initial capital expenditure budget of $310.0 million for 2023.

    November 10, 2022, 8:52 AM MST

  • Busy Quarter For Saturn

    The third quarter of 2022 was the most active drilling period in Saturn Oil & Gas Inc.’s history.

    November 10, 2022, 12 AM MST

  • InPlay Kicks Off Q4 Capital Program In Willesden Green

    InPlay Oil Corp. began its fourth quarter capital program drilling one (0.95 net) ERH well in Willesden Green which was brought on production in late October and is flowing without artificial lift and the start of drilling operations with its first two (2.0 net) Belly River wells.

    November 10, 2022, 12 AM MST

  • Ovintiv Sees Slight Uptick In Production; Capex At High End Of Range

    Ovintiv Inc.’s full year capital investment is expected to total approximately $1.8 billion, at the high end of the previous capital guidance range.

    November 9, 2022, 8:05 AM MST

  • Ovintiv Expects Cash Flow Windfall In 2023 As Hedges Roll Off

    Strong oil and gas prices heading into 2023, combined with disadvantaged hedges ending at year-end 2022, should result in Ovintiv Inc. enjoying a free cash flow windfall in 2023, executive VP and chief financial officer Corey Code told analysts at the company’s third quarter conference call Wednesday.

    November 9, 2022, 12:34 PM MST

  • Record Output For NuVista

    During and subsequent to the end of the third quarter, NuVista Energy Ltd. reached a number of new milestones that reflect the repeatable and profitable nature of its business plan, the company said in its Q3 results.

    November 9, 2022, 7:24 AM MST

  • Pipestone Boosts 2022 Spending Plan; Outlines 2023 Capex

    Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.

    November 9, 2022, 7:48 AM MST

  • Spartan Delta Continues With Drilling Program In Montney, Deep Basin

    Spartan Delta Corp. Q3 2022 production averaged 72,134 boe/d (39 per cent liquids), up 56 per cent compared to 46,282 boe/d (32 per cent liquids) in Q3 2021, with crude oil production increasing seven per cent compared to Q2 2022.

    November 9, 2022, 12 AM MST

  • Birchcliff Continued Advancing Capital Program In Q3

    Birchcliff Energy Ltd.’s F&D capital expenditures were $85.3 million in Q3 2022, which included drilling eight (8.0 net) wells and bringing 19 (19.0 net) wells on production.

    November 9, 2022, 2:25 PM MST

  • Obsidian Bumps Up Capital Spending For 2022; Busy Development Program Continues

    Obsidian Energy Ltd. has bumped up its capital expenditure range.

    November 8, 2022, 7 AM MST

  • Perpetual Outlines 2023 Spending Plan

    Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.

    November 8, 2022, 12 AM MST

  • CEO: Q3 Shows ARC Resources ‘Executing To Plan’

    ARC Resources Ltd. recorded major gains in both net income and cash flow from operating activities in the three-month span ending Sept. 30, 2022 compared to the same days a year earlier.

    November 7, 2022, 12 AM MST

  • Headwater Releases Preliminary 2023 Budget

    Headwater Exploration Inc. outlined an initial capital budget for 2023 of $200 million resulting in 2023 annual average production of 18,000 boe/d (92 per cent heavy oil).

    November 4, 2022, 12 AM MDT

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