Perpetual Energy Inc. saw production levels increase for Q1 2022 thanks to nine (4.5-net) East Edson liquids-rich Wilrich gas wells brought on production during last year, which were partially offset by the Q3 2021 sale of Clearwater assets to Rubellite Energy Inc.
May 5, 2022, 2:19 PM MDT
May 5, 2022, 12 AM MDT
Tamarack Valley Energy Ltd. successfully executed on its first quarter capital program, and combined with a series of acquisitions over the past year-and-a-half the company increased Q1 output 73 per cent year-over-year.
May 4, 2022, 10:47 AM MDT
Obsidian Energy Ltd.’s first half 2022 development program started with increased activity across its Willesden Green, Pembina, and Peace River areas.
May 4, 2022, 8:43 AM MDT
Topaz Energy Corp. reported record cash flow of $74.2 million and record free cash low of $73.8 million from its royalty assets in the first quarter of 2022.
May 4, 2022, 8:10 AM MDT
As a result of significantly improved commodity prices, Gear Energy Ltd. intends to increase its planned 2022 capital and abandonment expenditure investment to $55 million from $40 million.
May 4, 2022, 2:15 PM MDT
MEG Energy Corp. achieved record bitumen production of 101,128 bbls/d during the first three months of 2022, which is up 11 per cent from the same timeframe last year, with increased steam utilization and ongoing optimization and recompletion work contributing to strong field-wide production performance.
May 3, 2022, 9:24 AM MDT
High commodity prices, combined with increased throughput at Gibson Energy Inc.’s liquids infrastructure business and improved performance at its marketing business resulted in higher revenue and earnings in the first quarter of 2022, the company reported this morning.
May 3, 2022, 9:41 AM MDT
Athabasca Oil Corporation planning to utilize 100 per cent of near‐term free cash flow to reduce its term debt and is anticipating being in a net cash position by year end 2022 at current commodity prices.
May 3, 2022, 4:46 PM MDT
Driven by continued strong market conditions, Imperial Oil Limited’s first quarter earnings soared to $1.17 billion, the highest first quarter in over 30 years and up from $392 million during the same period in 2021.
April 29, 2022, 11:28 AM MDT
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
April 29, 2022, 6:32 AM MDT
April 29, 2022, 7:49 AM MDT
April 29, 2022, 7:37 AM MDT
Benefitting from recent acquisitions and strong commodity prices, Whitecap Resources Inc. says operational and financial momentum continued in Q1 with record-setting results achieved on many levels.
April 28, 2022, 11:13 AM MDT
April 28, 2022, 12 AM MDT
April 28, 2022, 9:01 AM MDT
Cenovus Energy Inc. boosted first quarter earnings to $1.6 billion in the first quarter versus a net loss of $408 million in the fourth quarter, while cash flow and adjusted funds flow reached record levels as robust commodity prices drove strong quarterly operational and financial results.
April 27, 2022, 11:04 AM MDT
Teck Resources Limited’s 21.3 per cent share of bitumen production from Fort Hills increased by 72 per cent in the first quarter to 34,433 bbls/d compared to the same period in 2021.
April 27, 2022, 12 AM MDT
There is a 20-day planned maintenance outage in the second quarter and Teck Resources Limited expects production to decrease to one-train at Fort Hills during this period.
April 27, 2022, 12 AM MDT
Yangarra Resources Ltd. has kept one rig drilling since commodity prices rebounded, drilling 350 days during 2021 and all of Q1 2022.
April 27, 2022, 3:30 PM MDT
Vermilion Energy Inc. says it is off to a strong start in 2022 and remains on track to achieve its $1.2 billion debt target in the second half of 2022 inclusive of funding the Corrib and Leucrotta Exploration Inc. acquisitions.
April 20, 2022, 12 AM MDT
PrairieSky Royalty Ltd. achieved record quarterly royalty production revenue in Q1 2022 due to a combination of strong commodity pricing and royalty production growth.
April 19, 2022, 10:37 AM MDT
April 7, 2022, 12 AM MDT
April 5, 2022, 6 AM MDT
Pieridae Energy Limited has “transformed as a company in the past year” following the completion of a strategic review and the suspension of the Goldboro LNG project, says CEO Alfred Sorensen.
March 24, 2022, 10:48 AM MDT