Financial Results

  • PETRONAS Posts Q3 Profit, Sees Modest Demand Growth

    November 30, 2021, 6 AM MST

  • Kiwetinohk Energy Begins Drilling Duvernay Horizontals

    During the third quarter of 2021, Kiwetinohk Energy Corp. began drilling two Duvernay horizontal wells from an existing pad in the Simonette area.

    November 26, 2021, 8:15 AM MST

  • Razor Expects To Continue Production Enhancement Activity

    Razor Energy Corp. will continue the production enhancement activity started in February 2021 and anticipates reactivating 14 wells in Q4 2021.  

    November 26, 2021, 5:54 AM MST

  • Hemisphere Drills Atlee Wells In Q3; Company Sees Improved Financial Results In Q3

    Hemisphere Energy Corporation increased revenue while lowering net debt for this year’s third quarter, as the company invested $3.32 million in capital expenditures, mostly towards its Atlee Buffalo field operations.

    November 19, 2021, 7:18 AM MST

  • Saturn Continues To Ramp-Up Production And Exceed 2021 Exit Projections

    Saturn Oil & Gas Inc. achieved strong operational and financial performance in Q3 with the reporting of the first full quarter following the acquisition earlier this year of assets in the Oxbow area of southeast Saskatchewan.

    November 16, 2021, 11:55 AM MST

  • Birchcliff Outlines Preliminary 2022 Capital Plans

    Birchcliff Energy Ltd. is currently targeting F&D capital spending of $240 million to $260 million for 2022, which takes into account expected increases in materials, labour and services costs compared to the current year.

    November 11, 2021, 12 AM MST

  • Headwater Continues With Core Marten Hills Development

    As of Sept. 30, Headwater Exploration Inc. had drilled 30 multilateral horizontal wells in the core development area which has grown oil production from 3,385 bbls/d in the first quarter of 2021 to current levels exceeding 9,000 bbls/d.

    November 11, 2021, 12 AM MST

  • Storm Lifts 2021 Capex Spending Outlook

    Storm Resources Ltd.’s capital investment is expected to be $115 to $120 million, an increase of $5 million from previous guidance in order to drill and complete an additional well at Umbach. 

    November 11, 2021, 5:09 AM MST

  • Prairie Provident Drills Fourth Princess Well For 2021

    During Q3 2021, Prairie Provident Resources Inc. incurred $4.7 million of net capital expenditures to drill, complete, equip and tie-in its third and fourth Princess wells to date in 2021.

    November 11, 2021, 4:52 AM MST

  • Freehold Boosts Dividend; Sees Increased Drilling

    Freehold Royalties Ltd.’s board has declared a dividend of six cents per share to be paid on Dec. 15, 2021 to shareholders of record on Nov. 30, 2021.

    November 11, 2021, 6:32 AM MST

  • Q3 Round-Up: Petrus, Questerre, Pieridae

    During the quarter, Petrus Resources Ltd. executed certain transactions, transforming its debt situation as follows:

    November 11, 2021, 7:20 AM MST

  • Peyto’s Q3 Output Up On Active Drilling Program As Company Approaches 100,000 Boe/d

    Peyto Exploration & Development Corp. says a steady stream of drilling and completion activity throughout the third quarter in its Deep Basin core areas resulted in continuous production growth from 86,500 boe/d at the start of July to 94,000 boe/d by the end of September.

    November 10, 2021, 11:19 AM MST

  • Pipestone Achieves Record Production In Q3 2021; Company Boosts Full-Year Capex

    Pipestone Energy Corp. generated record revenue for Q3 2021 due to continued production growth, combined with improving commodity prices during the quarter, and the company is increasing its full-year capital budget.

    November 10, 2021, 10:49 AM MST

  • Vermilion Outlines Anticipated 2022 Capital Spending

    Vermilion Energy Inc. anticipates a 2022 capital program in the range of $400 - $450 million with production at a similar level to original 2021 guidance of 83,000 to 85,000 boe/d.  

    November 10, 2021, 4:25 AM MST

  • Kelt Revenue, Funds Flow Up For Q3

    Kelt Exploration Ltd.’s Q3 2021 petroleum and natural gas sales were $75.8 million and adjusted funds from operations was $36.3 million compared to $48.8 million and $9.0 million, respectively, in the third quarter of 2020.

    November 10, 2021, 6:43 AM MST

  • NuVista ‘Smoothening’ Rig Schedule

    The world is in an inflationary environment right now, noted NuVista Energy Ltd., and the control of costs and assurance of reliable supply of people and equipment is of high importance.

    November 10, 2021, 7:22 AM MST

  • Record Output For InPlay

    InPlay Oil Corp.’s production for the third quarter of 2021 set another quarterly record for the company averaging 6,011 boe/d (64 per cent light oil & NGLs).

    November 10, 2021, 8:14 AM MST

  • Bonterra Output Up For Q3

    Bonterra Energy Corp. averaged 12,542 boe/d of production in Q3 2021, 25 per cent higher than in Q3 2020, and 12,389 boe/d in the first nine months of 2021, a 15 per cent increase over the comparative period the prior year.

    November 10, 2021, 8:49 AM MST

  • MEG Increases Production Guidance After Strong Q3 Operational Performance

    After posting strong third quarter operational and financial results, MEG Energy Corp. has lifted its full-year 2021 production guidance for the third time this year.

    November 9, 2021, 9:42 AM MST

  • Deep Basin Delivers Asset Level Free Funds Flow Growth For Spartan Delta

    The Deep Basin assets continue to deliver asset level free funds flow growth for Spartan Delta Corp. due to low capital efficiencies, owned and operated infrastructure yielding low operating costs, and strengthening commodity prices.

    November 9, 2021, 6:11 AM MST

  • Obsidian’s Second Half Program ‘Advanced Substantially’

    Obsidian Energy Ltd.’s second half development program “advanced substantially” with the drilling of 11 wells (10.2 net) and three gross/net wells brought on production in the quarter.

    November 8, 2021, 6:19 AM MST

  • ARC Drilled 41 Wells, Completed 31, In Q3

    ARC Resources Ltd. invested $268 million during the third quarter of 2021 to drill 41 wells and complete 31 wells.

    November 5, 2021, 12 AM MDT

  • Enerplus Posts Net Income In Q3, Higher Funds Flow

    Enerplus Corporation reported net income of $112 million in the third quarter, reversing from a loss of $112.75 million the previous year.

    November 5, 2021, 12 AM MDT

  • Cardinal Lays Out 2022 Capital Program

    Cardinal Energy Ltd. expects a 2022 $70 to $80 million capital program which includes drilling and completion of 18 wells.

    November 5, 2021, 12 AM MDT

  • Crew Output Climbs In Q3

    Crew Energy Inc. reported 23,659 boe/d (142.0 mmcfe) of average production in Q3/21, a 17 per cent increase over Q3/20 and 13 per cent above the midpoint of production guidance range of 20,000 to 22,000 boe/d.

    November 5, 2021, 6:16 AM MDT

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