Financial Results

  • Pipestone Achieves Record Production In Q3 2021; Company Boosts Full-Year Capex

    Pipestone Energy Corp. generated record revenue for Q3 2021 due to continued production growth, combined with improving commodity prices during the quarter, and the company is increasing its full-year capital budget.

    November 10, 2021, 10:49 AM MST

  • Vermilion Outlines Anticipated 2022 Capital Spending

    Vermilion Energy Inc. anticipates a 2022 capital program in the range of $400 - $450 million with production at a similar level to original 2021 guidance of 83,000 to 85,000 boe/d.  

    November 10, 2021, 4:25 AM MST

  • Kelt Revenue, Funds Flow Up For Q3

    Kelt Exploration Ltd.’s Q3 2021 petroleum and natural gas sales were $75.8 million and adjusted funds from operations was $36.3 million compared to $48.8 million and $9.0 million, respectively, in the third quarter of 2020.

    November 10, 2021, 6:43 AM MST

  • NuVista ‘Smoothening’ Rig Schedule

    The world is in an inflationary environment right now, noted NuVista Energy Ltd., and the control of costs and assurance of reliable supply of people and equipment is of high importance.

    November 10, 2021, 7:22 AM MST

  • Record Output For InPlay

    InPlay Oil Corp.’s production for the third quarter of 2021 set another quarterly record for the company averaging 6,011 boe/d (64 per cent light oil & NGLs).

    November 10, 2021, 8:14 AM MST

  • Bonterra Output Up For Q3

    Bonterra Energy Corp. averaged 12,542 boe/d of production in Q3 2021, 25 per cent higher than in Q3 2020, and 12,389 boe/d in the first nine months of 2021, a 15 per cent increase over the comparative period the prior year.

    November 10, 2021, 8:49 AM MST

  • MEG Increases Production Guidance After Strong Q3 Operational Performance

    After posting strong third quarter operational and financial results, MEG Energy Corp. has lifted its full-year 2021 production guidance for the third time this year.

    November 9, 2021, 9:42 AM MST

  • Deep Basin Delivers Asset Level Free Funds Flow Growth For Spartan Delta

    The Deep Basin assets continue to deliver asset level free funds flow growth for Spartan Delta Corp. due to low capital efficiencies, owned and operated infrastructure yielding low operating costs, and strengthening commodity prices.

    November 9, 2021, 6:11 AM MST

  • Obsidian’s Second Half Program ‘Advanced Substantially’

    Obsidian Energy Ltd.’s second half development program “advanced substantially” with the drilling of 11 wells (10.2 net) and three gross/net wells brought on production in the quarter.

    November 8, 2021, 6:19 AM MST

  • ARC Drilled 41 Wells, Completed 31, In Q3

    ARC Resources Ltd. invested $268 million during the third quarter of 2021 to drill 41 wells and complete 31 wells.

    November 5, 2021, 12 AM MDT

  • Enerplus Posts Net Income In Q3, Higher Funds Flow

    Enerplus Corporation reported net income of $112 million in the third quarter, reversing from a loss of $112.75 million the previous year.

    November 5, 2021, 12 AM MDT

  • Cardinal Lays Out 2022 Capital Program

    Cardinal Energy Ltd. expects a 2022 $70 to $80 million capital program which includes drilling and completion of 18 wells.

    November 5, 2021, 12 AM MDT

  • Crew Output Climbs In Q3

    Crew Energy Inc. reported 23,659 boe/d (142.0 mmcfe) of average production in Q3/21, a 17 per cent increase over Q3/20 and 13 per cent above the midpoint of production guidance range of 20,000 to 22,000 boe/d.

    November 5, 2021, 6:16 AM MDT

  • Canadian Natural Achieves Robust Q3 Results; Company Boosts Quarterly Dividend

    Canadian Natural Resources Limited delivered strong financial and operational results during the third quarter, says top brass, thanks to effective and efficient operations combined with disciplined capital allocation.

    November 4, 2021, 7:26 AM MDT

  • Tourmaline To Reach Exit Production Target Early; Reports Record Cash Flow

    Tourmaline Oil Corp. generated record cash flow and free cash flow during the third quarter and expects to achieve its forecast exit production target earlier than anticipated.

    November 4, 2021, 10:23 AM MDT

  • Topaz Royalty Acreage Active In Q3

    During the third quarter, the working interest operators on Topaz Energy Corp.’s royalty acreage continued their active drilling operations.

    November 4, 2021, 3:13 PM MDT

  • Busy Operational Q3 For Yangarra

    Yangarra Resources Ltd. drilled seven wells and completed seven wells during the third quarter and has continued to execute on the full-year capital program with well costs averaging at or below previous guidance. 

    November 4, 2021, 12 AM MDT

  • Surge Continues Abandonment Program

    Surge Energy Inc. continues to reduce the impact of its operations on the environment and reported that it has abandoned over 190 wells in the first nine months of 2021. 

    November 4, 2021, 12 AM MDT

  • Paramount Updates Guidance For 2022 And Beyond

    Paramount Resources Ltd. says its 2022 capital budget is expected to range between $500 million and $540 million, excluding land acquisitions and abandonment and reclamation activities, an increase of $165 million at midpoint from preliminary guidance.

    November 4, 2021, 6 AM MDT

  • Cenovus Boosts Q3 Output On Strong Performance Of Christina Lake, Foster Creek

    Driven by record quarterly daily oilsands production at Christina Lake and Foster Creek, Cenovus Energy Inc. achieved total third quarter output of 804,800 boe/d, an increase of 71 per cent from 471,799 boe/d during the comparable period last year.

    November 3, 2021, 10:58 AM MDT

  • Ovintiv Proposes Capital Spending Redux For 2022

    Ovintiv Inc. views its 2021 development program as being highly repeatable in 2022 for the same amount of capital investment.

    November 3, 2021, 11:24 AM MDT

  • Gear Funds Flow Up For Q3, Net Income Rises

    Gear Energy Ltd.’s funds from operations for the third quarter of 2021 was $16.0 million, an increase of 31 per cent from the second quarter of 2021 as a result of higher commodity prices and increased production.

    November 3, 2021, 2:59 PM MDT

  • Conditions Have Emerged For WCS To Be ‘Among Most Valuable’ Global Crude Benchmarks: Athabasca

    In Alberta, physical markets and regional benchmark prices (WCS) have improved with higher WTI prices. Athabasca Oil Corporation expects current WCS differentials to remain stable with muted industry growth and improving basin egress, including the recently completed Enbridge Inc. Line 3 replacement.

    November 3, 2021, 3:34 PM MDT

  • Obsidian Energy Acquires 45% Interest In Peace River Oil Partnership

    Obsidian Energy Ltd. has entered into a purchase and sale agreement to acquire the remaining 45 per cent partnership interest in the Peace River Oil Partnership (PROP) asset from its joint venture partner through a wholly-owned subsidiary.

    November 2, 2021, 4:12 PM MDT

  • ConocoPhillips’s Canadian Unit Reverses Q3 2020 Loss, Posts Positive Earnings For Q3

    ConocoPhillips on Tuesday reported positive Canadian earnings, reversing the loss from the previous year, while its production in the country also climbed during the three-month period.

    November 2, 2021, 7:10 AM MDT

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