Financial Results

  • Cequence Reports Slight Decrease In Q2 Output

    Cequence Energy Ltd.’s second quarter production decreased slightly and averaged 6,142 boe/d compared to production of 6,334 boe/d for the same prior year period but was up from 5,964 boe/d in the first quarter of 2019.

    August 12, 2019, 10:55 AM MDT

  • Wet Spring Delays Yangarra D&C

    Yangarra Resources Ltd. says it expects to drill five to six wells and complete four to five wells during the third quarter of 2019.

    August 12, 2019, 9:42 AM MDT

  • TransGlobe’s Q2 Canadian Production Down Slightly

    TransGlobe Energy Corporation second quarter Canadian oil production averaged 788 bbls/d during the quarter, a decrease of 106 bbls/d (12 per cent) from the previous quarter, primarily due to natural declines.

    August 12, 2019, 10:59 AM MDT

  • Canadian Gas Plants Drive SemGroup Q2 Profit

    SemGroup Corporation’s Canadian segment posted a second quarter 2019 profit of $29.67 million, up from $21.45 million in the second quarter of 2018.

    August 9, 2019, 10:32 AM MDT

  • Inga/Fireweed Drilling Boosts Kelt Q2 Production

    Kelt Exploration Ltd.’s second quarter 2019 average production was up 16 per cent to 30,314 boe/d from 26,120 boe/d in the comparable 2018 period due to ongoing new production from the company’s successful development pad drilling operations at its Inga/Fireweed core area.

    August 9, 2019, 6 AM MDT

  • Delphi Ties-in West Bigstone Four-well Pad In Q2 2019

    Delphi Energy Corp. completed and tied-in operations on its 13-34-059-24W5 four-well pad (2.6 net) in West Bigstone, which was brought on-stream in the second quarter of 2019.

    August 9, 2019, 6:40 AM MDT

  • Pengrowth Increases Reserves At Midpoint 2019; Boosts Production For Q2

    Pengrowth Energy Corporation has increased its proved reserves by 34 per cent and proved-plus-probable (2P) reserves by 25 per cent, thanks to strong performance on the company’s Lindbergh thermal oil project, says top brass.

    August 9, 2019, 6 AM MDT

  • Bonterra Focuses On Debt Reduction, Further Cardium Development

    Bonterra Energy Corp. says its original 2019 capital budget of $57–$77 million remains intact and is expected to be near the low range of guidance.

    August 9, 2019, 8:10 AM MDT

  • Peyto Continues To Bump Up Liquid Yields In The Cardium

    Peyto Exploration & Development Corp. continued to focus on development of its liquids-rich Cardium play in the second quarter, despite the slowdown due to spring breakup and extremely wet surface conditions in June.

    August 8, 2019, 11:13 AM MDT

  • Peyto’s Q2 Output Dips 11% Year-Over-Year

    Peyto Exploration & Development Corp.’s second quarter production of 81,496 boe/d was down 11 per cent from 91,547 boe/d during the same period last year due to a reduced capital program and lean gas curtailment.

    August 8, 2019, 11:37 AM MDT

  • Pine Cliff Expands Pekisko Footprint

    Pine Cliff Energy Ltd. more than doubled its central Alberta footprint in a deal adding more than 1,600 boe/d in the Pekisko area during the second quarter of 2019.

    August 8, 2019, 6 AM MDT

  • InPlay Oil Drills 2 Wells in Q2, Increases 2019 Guidance

    InPlay Oil Corp. drilled two wells (2.0 net) in the second quarter that were originally scheduled for the third quarter.

    August 8, 2019, 12 AM MDT

  • Gear Improves Q2 Production

    Record quarterly production was delivered during the second quarter of 2019 with an increased weighting to higher netback light oil, reports Gear Energy Ltd.

    August 8, 2019, 9:30 AM MDT

  • NuVista ‘Progressing’ Its Understanding Of Lower And Middle Montney At Bilbo

    NuVista Energy Ltd. continued to advance its Montney program in the second quarter with an emphasis on gaining a better understanding of the lower and middle slices of the play.

    August 7, 2019, 10 AM MDT

  • Bonavista Drills 6 Wells Despite Industry Headwinds In Q2 2019

    A shortage of pipeline capacity and regulatory uncertainty in the Canadian energy sector continues to overshadow the company’s operational success, says Bonavista Energy Corporation.

    August 7, 2019, 12 AM MDT

  • Liquids Growth Boosts Advantage Q2 Results

    Buoyed by an increase of 142 per cent in liquids output to 2,580 bbls/d, Advantage Oil & Gas Ltd. generated adjusted funds flow of 32.77 million in the second quarter of 2019, up from $23.16 million in the comparable 2018 period.

    August 7, 2019, 12 AM MDT

  • Freehold Enters U.S., Gross Wells Up In Canada

    More than half the wells drilled on Freehold Royalties Ltd.’s lands were in Saskatchewan and Manitoba in the first six months of the year.

    August 7, 2019, 12 AM MDT

  • Baytex Brings Two East Duvernay Wells Online In Q2 2019

    Baytex Energy Corp. continues to find success in the East Duvernay shale, solidifying the Pembina area as a highly prospective region for the company, says chief executive Ed LaFehr.

    August 2, 2019, 10:01 AM MDT

  • ExxonMobil Profit Sinks On Weakness In Chemicals, Refining

    August 2, 2019, 10:07 AM MDT

  • Chevron Profit Surges 26% On Higher Output, Termination Fee

    August 2, 2019, 10:13 AM MDT

  • CNRL Sees Positive Momentum On Market Access

    The resolution of the market access issues facing the Canadian oil industry is starting to get “less blurry,” says the president of the country’s largest producer. Tim McKay told Canadian Natural Resources Limited’s second quarter conference call this morning that there is positive momentum on a number of fronts that should help improve market conditions.

    August 1, 2019, 11:31 AM MDT

  • Tourmaline Lowers Capex Outlook

    Tourmaline Oil Corp.’s full year exploration and production (E&P) capital budget has been reduced by a further $25 million to $1.125 billion.

    August 1, 2019, 12 AM MDT

  • Cardinal Goes Off Grid, Drills 6 Wells in Q2

    A first phase of Cardinal Energy Ltd.’s power-generating project went online, helping to lower operating costs and a reliance on the Alberta power grid during the second quarter.

    August 1, 2019, 12 AM MDT

  • Whitecap ‘Geared Up’ For Active Second Half

    Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.

    August 1, 2019, 10:10 AM MDT

  • Record Output For TORC

    TORC Oil & Gas Ltd. reported record quarterly production of 28,326 boe/d for Q2, up from 23,059 boe/d in the second quarter of 2018.

    August 1, 2019, 12 AM MDT