ARC Resources Ltd.'s updated 2021 capital budget of $950 million to $1 billion is designed to sustain production and maximize free funds flow generation.
May 6, 2021, 6:31 AM MDT
Kelt Exploration Ltd.’s average production in Q1 fell to 18,860 boe/d, a 39 per cent drop from the same quarter last year.
May 6, 2021, 7:09 AM MDT
Murphy Oil Corporation started off 2021 by completing strategic financial transactions that de-levered the balance sheet and extended the maturity profile, says management.
May 6, 2021, 9:32 AM MDT
InPlay Oil Corp.’s capital program for the quarter consisted of $12.2 million of development capital focused on three (3.0 net) 1.5-mile ERH wells in Pembina and completing one (0.2 net) Nisku ERH well drilled in late 2020.
May 6, 2021, 2:17 PM MDT
Enerplus Corporation’s board of directors approved a 10 per cent increase to the company's dividend to 3.3 cents per share paid quarterly, from one-cent per share paid monthly previously.
May 6, 2021, 3:09 PM MDT
The $10 million of adjusted funds flow generated by Pine Cliff Energy Ltd. in the first quarter of 2021 is higher than the adjusted funds flow generated in each of the two most recently completed fiscal years and reflects a fundamental shift in natural gas pricing.
May 6, 2021, 2:26 PM MDT
May 6, 2021, 10:17 AM MDT
First quarter cash flow was a record $629.3 million for Tourmaline Oil Corp.
May 5, 2021, 3:26 PM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
Gear Energy Ltd. reported higher funds flow and reduced its loss in the first quarter of 2021.
May 5, 2021, 2:37 PM MDT
Paramount Resources Ltd. has entered into a definitive agreement for the sale of its non-operated Birch asset in northeast British Columbia for total consideration of $77 million.
May 5, 2021, 7:41 AM MDT
Perpetual Energy Inc. expects production in the second quarter to average 4,900 to 5,100 boe/d, reflecting production from the two (1.0 net) East Edson earning wells placed onstream in March, offset by natural declines.
May 5, 2021, 2:05 PM MDT
In Alberta, physical markets and regional benchmark prices, namely WCS heavy oil, have strengthened with higher WTI prices and tighter differentials as a result of curtailed volumes and falling inventories.
May 5, 2021, 6:44 AM MDT
Suncor Energy Inc. says the fourth quarter of 2020 and first quarter of 2021 represent the best sequential synthetic crude oil (SCO) production performance in the company’s history and represents “another important step” in the company’s continued journey towards improved and sustained reliability.
May 4, 2021, 9:32 AM MDT
In the first quarter, ConocoPhillips started up the third Montney pad and completed appraisal drilling on the fourth pad.
May 4, 2021, 6:28 AM MDT
May 4, 2021, 7:48 AM MDT
May 4, 2021, 11:27 AM MDT
Based on better than expected production performance in the first quarter, MEG Energy Corp. is lifting the bottom end of its full year 2021 average production outlook to 88,000 – 90,000 bbls/d from 86,000 – 90,000 bbls.
May 3, 2021, 3:39 PM MDT
While demand has rebounded considerably, the lingering effects of the weak 2020 business environment have continued to have a negative impact on financial results in 2021 when compared to periods prior to the pandemic, says Imperial Oil Limited’s top executive.
April 30, 2021, 10:58 AM MDT
April 30, 2021, 10:08 AM MDT
April 30, 2021, 10:01 AM MDT
Advantage Oil & Gas Ltd.’s drilling in the first quarter of 2021 was entirely gas-focused at Glacier where wells continued to achieve a step-change in productivity with cost reductions of over 10 per cent.
April 30, 2021, 12 AM MDT
April 30, 2021, 7:59 AM MDT
Whitecap Resources Inc. enjoyed improved financial and operational results, and record production, for Q1 2021 says top brass, as operational execution and seamless integration of recent acquisitions continued to drive performance.
April 29, 2021, 11:17 AM MDT
April 29, 2021, 12 AM MDT
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