Chinook Energy Inc. continues to layer in commodity price hedges and diversify its natural gas sales points with approximately 30 per cent of forecast 2019 natural gas production currently hedged and greater than 33 per cent of forecast 2019 natural gas production sold at Chicago pricing.
March 7, 2019, 8:43 AM MST
Liquids-weighted Athabasca Oil Corporation achieved a three per cent year-over-year increase in total proved plus probable reserves as higher thermal reserves offset lower light oil reserves.
March 7, 2019, 10:13 AM MST
Pengrowth Energy Corporation’s average daily production for the fourth quarter increased 11 per cent to 24,104 boe/d compared with 21,807 boe/d in the third quarter of 2018 primarily as a result of infill wells coming on-line at Lindbergh and additional production from Groundbirch that was brought back onstream when gas prices improved.
March 6, 2019, 10:52 AM MST
Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
Fourth quarter 2018 cash flow for Tourmaline Oil Corp. was $391.5 million, up 12 per cent over Q4 2017 and up 36 per cent over the third quarter of 2018 cash flow.
March 6, 2019, 12 AM MST
NuVista Energy Ltd. produced a record 49,060 boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000–48,500 boe/d and 31 per cent greater than the respective quarter in 2017.
March 6, 2019, 8:17 AM MST
While Kelt Exploration Ltd. has not changed its previously reported guidance, the company will re-evaluate its spending plans for the remainder of 2019 after the first quarter is complete.
March 6, 2019, 8:43 AM MST
Crew Energy Inc. 2018 volumes increased four per cent over 2017 and were within guidance of 23,500-24,500 boe/d including 2,380 bbls/d of condensate, an increase of 16 per cent over 2017.
March 5, 2019, 9:58 AM MST
Storm Resources Ltd. achieved record production in the fourth quarter of 2018 along with record funds flow for the fourth quarter and year.
March 1, 2019, 10:48 AM MST
Advantage Oil & Gas Ltd. achieved record production levels in the fourth quarter and full-year 2018 while also gaining $59 million through marketing diversification initiatives.
March 1, 2019, 9:05 AM MST
Seven Generations Energy Ltd. reported average 2018 sales volumes of 202,600 boe/d, with liquids representing 60 per cent of total sales, and up 16 per cent from 175,000 boe/d in 2017.
February 28, 2019, 11:09 AM MST
Whitecap Resources Inc.’s top executive believes there could be some tailwinds coming as 2019 unfolds and that industry conditions are showing signs of improvement for Canadian crude producers.
February 28, 2019, 10:28 AM MST
Production through January and February 2019 to date has been restricted by ongoing pipeline apportionments, temporarily reduced crude by rail takeaway, bouts of extreme cold weather and third party shut-ins.
February 28, 2019, 12 AM MST
Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.
February 27, 2019, 11:41 AM MST
TORC Oil & Gas Ltd. says that with continued success of its 2018 capital program and the company's solid underlying production profile, it achieved record production of 28,163 boe/d during the fourth quarter of 2018, a 29 per cent increase from the comparable period in 2017.
February 26, 2019, 7:05 AM MST
Enerplus Corporation net income surged in the fourth quarter, along with funds flow, helping to boost 2018 results.
February 25, 2019, 6 AM MST
Bonavista Energy Corporation’s 2019 capital program is forecasted to range between $130 and $170 million, of which approximately $110 to $130 million will be allocated to its “value capital program.”
February 15, 2019, 6:10 AM MST
Birchcliff Energy Ltd. production averaged 77,096 boe/d in 2018, a 13 per cent increase from 67,963 boe/d in 2017 and in line with guidance of 76,000 to 78,000 boe/d.
February 14, 2019, 4:27 AM MST
Cenovus Energy Inc. is maintaining its strategy to ramp up crude by volumes while its competitors are shutting down.
February 13, 2019, 11:46 AM MST
The locations of two core assets belonging to International Petroleum Corporation helped insulate the company from low commodity prices in Western Canada in the fourth quarter of 2018.
February 13, 2019, 4:09 AM MST
PrairieSky Royalty Ltd. estimates that about $1.3 billion in third-party capital was spent drilling and completing wells on its lands in 2018, up from $1.1 billion a year earlier.
February 12, 2019, 8:05 AM MST
ARC Resources Ltd.’s full-year 2018 earnings dropped to $213.8 million from $388.9 million a year earlier as decreased unrealized gains on risk management contracts and foreign exchange losses impacted the bottom line.
February 8, 2019, 9:20 AM MST
The CEO of Suncor Energy Inc. expects the Government of Alberta will move quickly on an exit strategy from its mandated oil production curtailment, as unintended consequences of the order are having the opposite of the desired result.
February 6, 2019, 10:59 AM MST
Imperial Oil Limited was ramping up its crude-by-rail activity even faster than expected at the end of 2018, with the company responsible for approximately half of total volumes moving out of Western Canada. But in a dramatic shift, Imperial says it is now rapidly ramping down, and expects to reach zero bbls moving by rail this month.
February 1, 2019, 11:24 AM MST
February 1, 2019, 8:19 AM MST