InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT
With the continued uncertainty surrounding differentials, Granite Oil Corp. is forecasting a budget ranging from 1,900 to 2,100 bbls/d of oil production for the second half of 2018, with capital spending of approximately $1.5 to $3.5 million.
August 10, 2018, 7:01 AM MDT
Production averaged 5,146 boe/d in the second quarter and 4,879 boe/d for the first six months of 2018 for Prairie Provident Resources Inc., with a 70 per cent liquids weighting in both periods, demonstrating the success of PPR’s strategy to focus on oil and natural gas liquids (NGL) opportunities.
August 10, 2018, 7:58 AM MDT
Petrus Resources Ltd. says its focus for the second half of 2018 is to prioritize light oil drilling opportunities in its core area of Ferrier, Alta., as a result of the current commodity price environment for natural gas.
August 10, 2018, 9:43 AM MDT
Despite the lowest Alberta natural gas prices in more than a quarter century, Peyto Exploration & Development Corp. remained solidly profitable in Q2 for the fifty-fourth consecutive quarter.
August 9, 2018, 11:32 AM MDT
Delphi Energy Corp. continues to boost its condensate production, aided recently by the use of a new EOR surfactant that is specifically designed to enhance oil/condensate production.
August 9, 2018, 11:43 AM MDT
Journey Energy Inc.’s net hedging losses for the second quarter had a significant impact on both funds flow and ultimately the net loss.
August 9, 2018, 2:44 AM MDT
Yangarra Resources Ltd. announced an increase in the capital budget from $90 million to $120 million for 2018.
August 9, 2018, 6:20 AM MDT
In the first quarter, as a result of limitations in shipping oil to market, Gear Energy Ltd. decided to temporarily slow its heavy oil production and built a record inventory of saleable oil in excess of 40,000 bbls.
August 9, 2018, 6:30 AM MDT
Bonterra Energy Corp. invested $19 million in capital expenditures in Q2, representing approximately 25 per cent of the company’s $75 million capital budget for the year.
August 9, 2018, 9:14 AM MDT
Paramount Resources Ltd. reported a second quarter net loss of $134.6 million, or $1.01 per diluted share, compared with a profit of $45.3 million, or 42 cents per share, in the second quarter of last year.
August 8, 2018, 10:51 AM MDT
NuVista Energy Services Ltd. reported Q2 output of 36,035 boe/d, a similar average as the first quarter of 2018 production and an increase of 42 per cent from the second quarter of 2017.
August 8, 2018, 8:44 AM MDT
Oil-and-NGL-weighted Razor Energy Corp. reported a second quarter profit of $2.5 million versus a loss of $1.56 million a year earlier.
August 7, 2018, 9:21 AM MDT
Pengrowth Energy Corporation’s second quarter production dropped 54 per cent compared to the same period last year due to output lost in the company’s 2017 divestment program as the company embarks on its new multi-year development plan.
August 3, 2018, 10:49 AM MDT
Obsidian Energy Ltd. plans to fast-track Cardium development with a repeatable, low-cost approach in the second half of 2018 and into next year.
August 3, 2018, 3:41 AM MDT
Perpetual Energy Inc. has increased its 2018 capital expenditure guidance from a range of $21 to $25 million to $25 to $30 million ($8 to $13 million for the remainder of 2018) and increased its planned Mannville heavy oil drilling in the second half of 2018 to five to nine wells (4.3 - 8.3 net) from two wells (1.3 net) previously.
August 3, 2018, 7:15 AM MDT
Ultra-low natural gas prices took their toll on Advantage Oil & Gas Ltd. in the second quarter as the gas-weighted producer reported a $15.29 million net loss versus net earnings of $18.34 million a year earlier.
August 3, 2018, 11:15 AM MDT
Cardinal Energy Ltd. expects to drill an additional seven wells in the second half of 2018, which it estimates will result in an increase of two to four per cent in exit production growth for 2018.
August 3, 2018, 10:59 AM MDT
Bellatrix Exploration Ltd.’s Spirit River wells continue to outperform budget expectations, resulting in lower sustaining capital requirements for the remainder of 2018.
August 3, 2018, 8:45 AM MDT
Wells drilled on Freehold Royalties Ltd.’s lands totaled 85 (1.2 net) in the quarter compared to 58 (1.6 net) in Q2-2017.
August 3, 2018, 7:29 AM MDT
Canadian Natural Resources Limited is increasing planned 2018 spending on de-bottlenecking at Horizon but has curtailed natural gas and conventional heavy oil activities.
August 2, 2018, 11:40 AM MDT
MEG Energy Corp. may have contracted capacity on pipelines to the U.S. Gulf Coast, but it’s having trouble using it due to a full Enbridge Inc. Mainline out of Canada.
August 2, 2018, 10:31 AM MDT
Led by strong increases in condensate and liquids volumes, Seven Generations Energy Ltd.’s second quarter production averaged 187,100 boe/d, a 13 per cent increase compared to 165,200 boe/d during the same period in the prior year.
August 2, 2018, 10:52 AM MDT
Tourmaline Oil Corp. reported Q2 2018 average production of 260,930 boe/d, which was below the originally-anticipated 265,000-275,000 boe/d range.
August 2, 2018, 3:14 AM MDT
ARC Resources Ltd.’s production surged in the second quarter to 127,879 boe/d, climbing from 113,410 for the April-June period of 2017.
August 2, 2018, 3:15 AM MDT