Financial Results

  • Leucrotta Completes, Tests Basal Montney Well

    In Q2 2021, Leucrotta Exploration Inc. successfully completed and tested its first Basal Montney well at Mica.

    August 26, 2021, 8:15 AM MDT

  • CNOOC Canadian First Half 2021 Production Climbs

    CNOOC Limited reported higher Canadian output for the first half of the year.

    August 19, 2021, 3:37 AM MDT

  • Perpetual, Rubellite Expect Active Capital Programs In Back Half Of 2021

    Perpetual Energy Inc. and Rubellite Energy Inc. are both expected to have active capital programs over the balance of the year.

    August 17, 2021, 6:59 AM MDT

  • Vermilion May Add Capital Later In The Year, If Commodity Prices Hold

    Vermilion Energy Inc.’s E&D capital budget remains unchanged at $300 million, but the company may still consider adding up to $50 million of incremental capital in Q4 2021 if commodity prices “remain supportive.”

    August 16, 2021, 6:59 AM MDT

  • Q2 Round-Up: Bonterra, Prairie Provident

    Capital expenditures for Bonterra Energy Corp. totaled $31.0 million in the first half of 2021 including $7.6 million invested in Q2 2021.

    August 13, 2021, 12 AM MDT

  • Peyto’s Q2 Drilling Program Less Active Than Expected But Production ‘Held Up Pretty Well’

    Peyto Exploration & Development Corp.’s second quarter production “held up pretty well” despite the seasonal impacts of spring breakup and the loss of two rigs during the period due to maintenance and upgrades that took longer than anticipated to complete, says president and CEO Darren Gee.

    August 12, 2021, 11:14 AM MDT

  • Storm Production Up In Q2

    Storm Resources Ltd. reported Q2 production of 26,862 boe/d, which is a 12 per cent increase year over year and a four per cent increase from the previous quarter.

    August 12, 2021, 5:23 AM MDT

  • Acquisitions, Drilling Program, Drive Spartan Delta Q2 Production Increase

    Spartan Delta Corp.’s production averaged 39,638 boe/d during the second quarter of 2021, up 24 per cent from 31,914 in the first quarter of 2021.

    August 12, 2021, 6:33 AM MDT

  • Petrus Outlines Q3 Budget

    Petrus Resources Ltd. set a capital budget of $7.5 million in Q3 for the drilling of four gross (1.5 net) Ferrier wells and investment in facility expansion in North Ferrier.

    August 12, 2021, 6:47 AM MDT

  • Pieridae Lowers Production Forecast

    Pieridae Energy Limited’s production forecast is now expected to be 40,000-42,500 boe/d for the remainder of 2021, compared to previous guidance of 40,000-45,000.

    August 12, 2021, 7:04 AM MDT

  • Record Output For Pipestone Energy

    Pipestone Energy Corp. reported record average quarterly production of 23,336 boe/d (31 per cent condensate, 46 per cent total liquids), an eight per cent quarterly increase over Q1 2021 and a 39 per cent increase over Q2 2020.

    August 11, 2021, 7:30 AM MDT

  • InPlay Boosts Production Outlook

    InPlay Oil Corp.’s strong results in the first half of 2021 and continuing in the second half of 2021 from the Pembina drills have allowed the company to increase its 2021 annual average production guidance to between 5,500 and 5,750 boe/d (68 per cent light oil and NGLs).

    August 11, 2021, 12:56 PM MDT

  • Birchcliff Expects Debt To Decline As Free Funds Flow Rises

    Birchcliff Energy Ltd. expects to reduce debt as its free funds flow climbs—the company says it remains committed to “capital discipline.”

    August 11, 2021, 2:30 PM MDT

  • Journey Plans 2022 Return To The Field

    Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.

    August 11, 2021, 12 AM MDT

  • Freehold Makes Acquisitions In Clearwater, Midland, Eagle Ford

    Freehold Royalties Ltd. bolstered its royalty portfolio with a trio of acquisitions.

    August 10, 2021, 2:39 PM MDT

  • Headwater Increases Capital Budget

    Headwater Exploration Inc. is increasing its capital budget to $130 million from $110 million, allowing for the acceleration of an oil processing facility. 

    August 6, 2021, 12 AM MDT

  • Enerplus Hikes Dividend

    Enerplus Corporation announced a 15 per cent increase in its quarterly cash dividend.

    August 6, 2021, 7:01 AM MDT

  • Pine Cliff Revenue, Funds Flow Surge

    Pine Cliff Energy Ltd. generated $34.2 million from commodity sales for the three months ended June 30, 2021, 57 per cent higher than the $21.7 million generated for the three months ended June 30, 2020.

    August 6, 2021, 7:51 AM MDT

  • CNRL Reports Strong Q2 Free Cash Flow, Earnings And Operational Results

    During a period which included the execution of a planned turnaround at the company’s oilsands mining and upgrading operations, Canadian Natural Resources Limited delivered strong operational and financial results in the second quarter, achieving production volumes of approximately 1,141,739 boe/d, a decrease of two per cent year-over-year.

    August 5, 2021, 10:43 AM MDT

  • Crew Funds Flow Surges In Q2

    Crew Energy Inc.’s funds flow surged in Q2 to $25.5 million, a 451 per cent increase over Q2 20, with year-over-year growth being bolstered by higher production, lower cash costs and a significantly improved commodity price environment.  

    August 5, 2021, 6:28 AM MDT

  • Kelt’s Production Up For Q2

    Kelt Exploration Ltd.'s average production for the three months ended June 30, 2021 was 19,592/d, up four per cent from average production of 18,860 boe during the first quarter of 2021 and up 19 per cent from average production of 16,476 boe during the fourth quarter of 2020.

    August 5, 2021, 6:02 AM MDT

  • Murphy Brought 10 Wells Online At Tupper Montney

    At Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 248 mmcf/d in Q2.

    August 5, 2021, 7:19 AM MDT

  • Petrobras Beats Estimates On Strong Natgas Sales, Crude Prices

    August 5, 2021, 12 AM MDT

  • NuVista Continues Advancing Pipestone/Wapiti Montney

    NuVista Energy Corp.’s Q3 accomplishments included the continued ramp-up of production in the new Pipestone North compressor station facility, the completion and start-up of six new wells, and the delivery of production and cash flow results which were ahead of expectations.

    August 4, 2021, 6:38 AM MDT

  • Paramount Q2 Focused On Karr, Wapiti, Willesden Green Duvernay

    Paramount Resources Ltd.’s second quarter capital spending totaled $83.5 million and was focused on drilling and completion activities at Karr, Wapiti and the Willesden Green Duvernay.

    August 4, 2021, 8:24 AM MDT

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