Financial Results

  • Razor Boosts Output

    Razor Energy Corp. completed work on a group pipeline and associated wells in the Swan Hills area which, in conjunction with other activities, increased field estimated production to over 4,900 boe/d.

    August 26, 2022, 12 AM MDT

  • Record Sales, Funds Flow For Saturn

    Saturn Oil & Gas Inc. generated record quarterly petroleum and natural gas sales of $82.2 million on production of 7,324 boe/d.

    August 19, 2022, 12 AM MDT

  • Record Output For Hemisphere

    Hemisphere Energy Corporation produced a record quarterly average of 2,883 boe/d, a 61 per cent increase over the second quarter of 2021.

    August 18, 2022, 6:52 AM MDT

  • Kiwetinohk Sets Record For Quarterly Production In Q2, Adjusts Guidance

    Total production for Kiwetinohk Energy Corp. in the second quarter of 2022 exceeded what the company saw from the same time a year earlier by 56 per cent.

    August 12, 2022, 12 AM MDT

  • Vermilion ‘Integrates’ Leucrotta Assets

    Vermilion Energy Inc. has successfully integrated the Leucrotta assets and assembled a Mica asset team which is now focused on completing the six-well Montney pad that was drilled in Q2 2022.

    August 12, 2022, 4:17 AM MDT

  • InPlay Output Surges In Q2

    InPlay Oil Corp.’s production averaged 9,063 boe/d (57 per cent light crude oil and NGLs) in the second quarter of 2022, not including over 5,000 bbls of light crude oil inventory build (equal to over 55 bbls/d during the quarter) that was not sold due to difficulty trucking oil as a result of wet weather at the end of June.

    August 12, 2022, 12 AM MDT

  • Peyto Overcomes Wet Weather Challenges To Boost Q2 Output; Earnings Increase 641%

    Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.

    August 11, 2022, 11:19 AM MDT

  • Pieridae Lowers Production Outlook

    Reinjecting ethane into the gas stream limited reportable sales volumes for Pieridae Energy Limited last quarter and is a factor in the company revising its production guidance for the year.

    August 11, 2022, 7:16 AM MDT

  • Petrus Returned To The Field In Q2

    Petrus Resources Ltd.’s 2022 capital program resumed in the second quarter with two (1.6 net) operated wells spud and an additional three (0.15 net) non-operated wells spud in late June.

    August 11, 2022, 12 AM MDT

  • Bonterra Boosts Capital Spending Range

    Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.

    August 10, 2022, 3:14 PM MDT

  • Birchcliff Drilled 12 Wells In Q2, Completes Turnarounds

    Birchcliff Energy Ltd.’s F&D capital expenditures were $84.2 million in Q2 2022.

    August 10, 2022, 2:57 PM MDT

  • Rubellite ‘Accelerated’ Q3 Capital Into Q2

    Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).

    August 10, 2022, 3:34 PM MDT

  • Spartan Delta Activity Focused On Montney For Q2

    Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.

    August 10, 2022, 12 AM MDT

  • Freehold Reports Increased Drilling For Q2

    In total, 224 gross wells were drilled on Freehold Royalties Ltd. royalty lands in Q2-2022, a 146 per cent increase versus the same period in 2021.

    August 10, 2022, 12 AM MDT

  • Pipestone Energy Drills 6 Wells, Completes Step-Out

    During the second quarter, Pipestone Energy Corp. rig released six wells on the 2-32 pad, and four of a total six planned wells on the 14-19 pad.

    August 10, 2022, 8:05 AM MDT

  • Crew’s Greater Septimus Activity Focused On 4-14 Pad; Expansion Of Infrastructure

    Second quarter capital expenditures for Crew Energy Inc. Greater Septimus focused on the equip and tie-in of the 4-14 pad during Q2/22, along with expansion of the infrastructure interconnectivity between Crew’s Septimus and West Septimus gas plants.

    August 9, 2022, 12 AM MDT

  • Tenaz Boosts Spending Outlook

    Tenaz Energy Corp. has boosted capital spending guidance from $5.8 to $8.0 million following the completion of wells in the Leduc-Woodbend, driven by longer well lengths with more frack stages, higher-than-budgeted inflation in services prices, and costs for open-hole sidetracking in one of the wells due to a stuck drill pipe event.

    August 8, 2022, 5:55 AM MDT

  • Prairie Provident To Focus On Reactivations, Recompletions And Optimization Projects

    For the second half of 2022, Prairie Provident Resources Inc. expects to focus on reactivations, recompletions and optimization projects while following up on its successful 2021 drilling program in the Princess area, by drilling one (1.0 net) Glauconite formation well.

    August 8, 2022, 9:53 AM MDT

  • Suncor Produces Strong Q2 Adjusted Funds Flow, Earnings Growth

    Driven by a strong business environment in both the upstream and downstream segments, Suncor Energy Inc. reported strong Q2 financial results including record adjusted funds from operations of approximately $5.3 billion while it executed planned maintenance across its asset base.

    August 5, 2022, 11:30 AM MDT

  • Pembina ‘Poised To Benefit’ From Future NEBC Montney Development

    Pembina Pipeline Corporation says it expects to have secured the transportation, fractionation and marketing rights to a significant portion of forecasted future growth in the northeast B.C. (NEBC) Montney due to long-term commitments under three service agreements.

    August 5, 2022, 10:59 AM MDT

  • Headwater Adding Fourth Rig In Coming Weeks; Continues Working Clearwater

    Headwater Exploration Inc. currently has three drilling rigs active and will be adding a fourth drilling rig in the coming weeks.

    August 5, 2022, 12 AM MDT

  • Enerplus Increasing Production Guidance

    Enerplus Corporation is increasing its production guidance to 97,500 to 101,500 boe/d, from the prior guidance of 96,000 to 101,000.

    August 5, 2022, 12 AM MDT

  • CNRL’s Q2 Output Up 6% Year-Over-Year As Natgas Production Hits Record Levels

    Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.

    August 4, 2022, 10:45 AM MDT

  • CNRL’s Q2 Profit More Than Doubles; Announces Special Dividend

    Canadian Natural Resources Limited’s second quarter earnings more than doubled year-over-year and cash flow spiked, prompting the company to announce a special dividend.

    August 4, 2022, 11:18 AM MDT

  • Ovintiv Continues To Expand Price Diversification Strategy For Montney Gas

    Ovintiv Inc. announced today it has acquired incremental transport to Chicago for its Montney gas, as it continues to employ a strategy of price diversification, to ensure it doesn’t get exposed purely to basin pricing.

    August 4, 2022, 10:16 AM MDT

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