Heavy oil differential levels are expected to return to where they were prior to Russia’s invasion of Ukraine, says the chief executive of MEG Energy Corp.
August 2, 2022, 10 AM MDT
Advantage Energy Ltd. reported record production, record adjusted funds flow and a surge in profitability, while debt fell rapidly below its $200 million target.
August 2, 2022, 12 AM MDT
Despite weather-related operational challenges earlier this year, Imperial Oil Limited’s president and CEO Brad Corson says the company’s operations rebounded in Q2 and, along with strong commodity prices, backstopped solid production gains and financial results.
July 29, 2022, 11:09 AM MDT
Tamarack Valley Energy Ltd.’s exploration and development capital expenditures for the second half of 2022 have been updated to a range of $160-$170 million, totalling $340-$360 million for the year.
July 29, 2022, 12 AM MDT
Obsidian Energy Ltd. said its first-half 2022 development program resulted in significant production growth for the company from its Willesden Green, Pembina and Peace River assets.
July 29, 2022, 12 AM MDT
July 29, 2022, 10:03 AM MDT
Cenovus Energy Inc. delivered solid second quarter operating and financial results while completing significant planned turnarounds and maintenance in its upstream and downstream operations.
July 28, 2022, 10:41 AM MDT
Enerplus Corporation is selling certain Canadian assets located in Alberta to Journey Energy Inc. for total consideration of $140 million, prior to closing adjustments.
July 28, 2022, 7 PM MDT
Tourmaline Oil Corp. finished the three-month span ending June 30, 2022 with records in both cash flow and free cash flow.
July 28, 2022, 2 PM MDT
Athabasca Oil Corporation is increasing its financial forecasts for 2022 based on strong operational performance and updated pricing assumptions.
July 28, 2022, 12 AM MDT
After completing a review of the impact of inflationary factors as well as land expenditures to date, Surge Energy Inc. has increased its estimate for 2022 expenditures on property, plant, and equipment by approximately 12 per cent, as compared to the company's original budget released on Jan. 17, 2022.
July 28, 2022, 12 AM MDT
Yangarra Resources Ltd.’s funds flow from operations of $50.0 million for Q2 was an increase of 190 per cent from the same period in 2021.
July 28, 2022, 7:43 AM MDT
July 28, 2022, 12 AM MDT
July 28, 2022, 12 AM MDT
Crescent Point Energy Corp. recently brought onstream its second, fully operated Kaybob Duvernay multi-well pad, achieving a strong IP30 rate for the wells and a further reduction in drilling days.
July 27, 2022, 11:21 AM MDT
Teck Resources Limited reported inflationary cost pressures for natural gas and diesel costs, as well as an increase in contractor costs.
July 27, 2022, 12 AM MDT
Gear Energy Ltd. intends to increase the planned 2022 capital and abandonment expenditure investment from $55 million to $64 million with the majority of the increase relating to two additional light oil wells to be drilled in Tableland, Sask.
July 27, 2022, 2:25 PM MDT
Baytex Energy Corp. reported production of 83,090 boe/d (83 per cent oil and NGL) in Q2 2022, a two per cent increase over Q2 2021.
July 27, 2022, 4 PM MDT
Topaz Energy Corp. generated record cash flow of $95.4 million for Q2 2022, 29 per cent higher than Q1 2022 and 156 per cent higher than Q2 2021.
July 26, 2022, 2:31 PM MDT
There were 122 wells spud (94 per cent oil) on PrairieSky Royalty Ltd. lands during Q2 2022 which included 62 wells spud on Fee Lands, 44 wells spud on GORR acreage and 16 unit wells spud.
July 18, 2022, 3:35 PM MDT
Obsidian Energy Ltd. extended its syndicated credit facility to July 29, 2022, to accommodate timing associated with its debt refinancing, and also today issued its preliminary second quarter results.
July 14, 2022, 5:47 AM MDT
July 7, 2022, 12 AM MDT
The DOB has synthesized our coverage of producers’ first quarter reports and conference calls to highlight the dominant themes that emerged.
June 3, 2022, 6 AM MDT
With approximately $15 million in cash on-hand, Source Rock Royalties Ltd. is actively evaluating numerous royalty acquisition opportunities.
May 31, 2022, 6:42 AM MDT
Razor Energy Corp.’s production volumes for the first quarter of 2022 averaged 4,457 boe/d, representing an increase of 48 per cent from the first quarter of 2021 and a two per cent increase from the last quarter of 2021.
May 27, 2022, 6:19 AM MDT
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