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
An amalgamation and acquisition in 2021 helped Kiwetinohk Energy Corp. post major gains in production both last quarter and for the year.
March 24, 2022, 3:01 PM MDT
TransGlobe Energy Corporation reported a year-over-year decrease in production volumes for Q4 and full-year 2021, primarily due to natural well declines in Egypt, and partially offset by the restart of Eastern Desert drilling and well optimization activities.
March 18, 2022, 8:35 AM MDT
Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT
Headwater Exploration Inc. reported average production of 7,393 boe/d for the year (consisting of 6,665 bbls/d of heavy oil, 4.4 mmcf/d of natural gas and two bbls/d of natural gas liquids), an increase of over 700 per cent from 2020 annual production of 882 boe/d.
March 11, 2022, 12 AM MST
Rubellite Energy Inc. announced Wednesday it has signed a letter of intent to pursue a farm-in and option agreement in the Peavine area, in the vicinity of recent industry Clearwater drilling activity and southwest of the company’s existing option acreage at West Dawson in northern Alberta.
March 10, 2022, 10:16 AM MST
Journey Energy Inc. has increased its 2022 capital budget to $43 million from $36 million and now plans to drill 15 wells.
March 10, 2022, 12 AM MST
Kelt Exploration Ltd. has increased its 2022 capital expenditure program to $250.0 million, up from a range of $200.0 million to $210.0 million in its previous guidance.
March 10, 2022, 5:43 AM MST
Bonterra Energy Corp.’s output averaged 12,747 boe/d in 2021, a 21 per cent increase over 2020.
March 10, 2022, 6:03 AM MST
In 2021, Surge Energy Inc. drilled a total of 48.0 net wells with a 100 per cent success rate, spending a total of $103.8 million for expenditures on property, plant, and equipment.
March 10, 2022, 12:30 PM MST
Peyto Exploration & Development Corp.’s funds from operations surged 121 per cent in 2021 to $470 million in due to higher realized commodity prices and higher production.
March 9, 2022, 4:34 PM MST
Spartan Delta Corp.’s capital expenditures, before acquisitions and dispositions (A&D), were $189 million in 2021, of which $116 million was spent in the fourth quarter.
March 9, 2022, 6:26 AM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
NuVista Energy Ltd.’s recent well performance has exceeded expectations, and in addition the onstream dates for new wells have been ahead of schedule.
March 9, 2022, 12 AM MST
Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.
March 9, 2022, 12 AM MST
Crew Energy Inc.’s first quarter capital expenditures are expected to constitute approximately 60 per cent of the program’s full year total, with the remainder to be directed to projects with superior returns at Greater Septimus or Groundbirch in the second half of 2022.
March 8, 2022, 3:16 PM MST
Petrus Resources Ltd.’s board of directors has approved a 2022 capital budget of $50 to $55 million.
March 8, 2022, 2:31 PM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.