Financial Results

  • Advantage Acquires Montney Rights At Conroy

    Advantage Energy Ltd. acquired 53 net sections of Montney rights at Conroy in B.C. to increase geographic exposure to export markets including its participation in the Rockies LNG project.

    October 27, 2023, 6:53 AM MDT

  • Whitecap Resources Hits Debt Target In Q3 And Now Focused On Balancing Growth With Shareholder Returns

    Whitecap Resources Inc. hit its $1.3 billion debt target in the third quarter of 2023, with the company now promising to deliver 75 per cent of free cash flow to shareholders through its base dividend and share buybacks, the company reported.

    October 26, 2023, 8:06 AM MDT

  • Tamarack Posts Record Output As Clearwater, Charlie Lake Production Grows

    Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.

    October 26, 2023, 10:33 AM MDT

  • Clearwater, Mannville, Viking Dominate Drilling On PrairieSky Land

    PrairieSky Royalty Ltd. reported  246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.

    October 26, 2023, 12 AM MDT

  • Record Royalty Production For Source Rock In Q2

    Source Rock Royalties Ltd. posted a quarterly record in royalty production of 206 boe/d in the second quarter of 2023. This production represents a 23 per cent increase over the same period one year earlier.

    August 31, 2023, 9:30 AM MDT

  • Wildfires A Factor In Razor’s Production Volume Setback In Q2

    Production volumes for Razor Energy Corp. averaged 3,448 boe/d in the second quarter of 2023, marking a 20 per cent reduction compared to the same time last year.

    August 30, 2023, 10:24 AM MDT

  • Prairie Provident Looks To Divest Non-Core Assets; Reports Q2 Net Loss

    Prairie Provident Resources Inc. will “continue to pursue the divestiture of non-core assets” and other transactions to further reduce debt and to create financial flexibility to allow the company to pursue a low-risk, low-cost capital property development program.

    August 28, 2023, 8:47 AM MDT

  • Coelacanth Continues To Advance Two Rivers Montney Program

    Montney-focused Coelacanth Energy Inc. says it made “significant strides” during Q2 in advancing its Two Rivers project, which spans company’s 150 contiguous sections of Montney lands and is divided up geographically into two projects — Two Rivers West (TRW) and Two Rivers East (TRE).

    August 24, 2023, 9:18 AM MDT

  • InPlay Continues ERH In Willesden Green

    During the second quarter of 2023, InPlay Oil Corp. invested $12.8 million drilling, completing and equipping two (1.9 net) extended reach horizontal (ERH) wells in Willesden Green and completing and equipping one (0.95 net) Willesden Green ERH well that was drilled at the end of the first quarter.

    August 17, 2023, 12 AM MDT

  • Suncor Undertaking Strategic ‘Re-examination’ Of Its Business

    Suncor Energy Inc. has started a “strategy re-examination” of its business, the company’s chief executive said today, with a comprehensive review of strategies and articulated objectives.

    August 15, 2023, 11:04 AM MDT

  • Suncor Continuing To Evaluate TotalEnergies Deal

    Following ConocoPhillips Canada exercising its pre-emptive right to purchase the 50 per cent working interest in the Surmont in situ asset, Suncor Energy Inc. says it is continuing to evaluate the transaction to acquire the remainder of TotalEnergies SE’s Canadian operations, including the remaining 31.23 per cent working interest in Fort Hills, the company said in its Q2 results.

    August 15, 2023, 12 AM MDT

  • Petrus Lowers Capex Outlook For 2023

    Petrus Resources Ltd. has lowered its 2023 capital budget guidance to $60 million to $75 million, $33.1 million of which has already been spent, largely on drilling.

    August 15, 2023, 6:05 AM MDT

  • Saturn Exploiting Light Oil Inventory With One Rig Full Time In Alberta, Sask

    Saturn Oil & Gas Inc. is currently exploiting its deep inventory of light oil development projects in both Alberta and Saskatchewan, with one rig drilling full time in each province.

    August 15, 2023, 9:20 AM MDT

  • Tenaz’s Leduc-Woodbend Wells Expected To Come Online At The End Of Q3

    Tenaz Energy Corp.’s capital expenditures during the second quarter totalled approximately $6.0 million, as Canadian drilling was initiated ahead of schedule.

    August 14, 2023, 7:26 AM MDT

  • Birchcliff Spending In Line With Budget; Drills 2 Retention Wells At Elmworth

    Birchcliff Energy Ltd.’s F&D capital expenditures are expected to be in-line with its guidance of $270 million to $280 million, which includes the bringing on production of 32 wells in Pouce Coupe and Gordondale and the drilling of two additional land retention wells in the Elmworth area.

    August 11, 2023, 12 AM MDT

  • Bonterra Output Down Slightly In Q2

    Bonterra Energy Corp.’s production in Q2 2023 averaged 13,911 boe/d, three per cent higher than Q1 2023, reflecting well outperformance from new production brought onstream late in Q1 2023, offset by the impact of the Alberta wildfires that required production to be shut-in for safety measures during the quarter of approximately 333 boe/d.

    August 11, 2023, 6:36 AM MDT

  • Peyto Finding Opportunity Drilling Falher Formation, But Low Gas Prices Stall Overall Activity

    Peyto Exploration & Development Corp. is adding to its drilling inventory through successfully targeting underdeveloped channels in the Falher formation across its land base, Riley Frame, VP of engineering, told analysts and shareholders at the company’s second quarter 2023 conference call.

    August 10, 2023, 10:27 AM MDT

  • Marketing Efforts Pay Off For Peyto In Second Quarter

    Peyto Exploration & Development Corp.’s hedging and market diversification program limited the impact of lower commodity prices in the second quarter of 2023, resulting in the company posting positive financial results.

    August 10, 2023, 7:32 AM MDT

  • Crew ‘Monetizes’ Portion Of Hedge Book

    To capitalize on an improved outlook for North American natural gas fundamentals and expanding market dynamics through the second half of 2023, Crew Energy Inc. strategically elected to monetize a portion of its hedge book in Q2/23, generating $11.8 million.

    August 10, 2023, 12 AM MDT

  • Journey Lowers Capex Outlook

    Journey Energy Inc. reduced its 2023 capital budget to $46 million from $63 million and now anticipates drilling seven (5.6 net) wells in the Medicine Hat and Cherhill pools.

    August 10, 2023, 8:13 AM MDT

  • Pieridae’s Q2 Output Drops On Unscheduled Downtime, Wildfires

    Pieridae Energy Limited says production has largely recovered from unscheduled downtime during the second quarter, with recent field production back to about 35,600 boe/d.

    August 10, 2023, 9:32 AM MDT

  • Enerplus Narrows Capital Range

    Enerplus Corporation narrowed its capital spending guidance range for 2023 to $510 – $550 million from $500 – $550 million.

    August 10, 2023, 6 AM MDT

  • Pipestone Capex Front-Loaded; Continued Development Program In Q2

    Pipestone Energy Corp.’s capital expenditures in 2023 were front-loaded in 2023 as a result of delineation spending, as well as to provide surety on full year production guidance.

    August 9, 2023, 6:28 AM MDT

  • Vermilion Q2 Output Flat Despite Alberta Wildfires And Other Challenges

    Vermilion Energy Inc.’s second quarter 2023 production numbers were up compared to Q1 and flat with Q2 2022 despite operational challenges created by Alberta’s wildfires and the disposition of Saskatchewan assets that led to a 10 per cent drop in North America, and a pipe leak problem at its Wandoo gas platform off the coast of Australia that led to a prolonged shut-in.

    August 4, 2023, 6:37 AM MDT

  • Headwater Lifts Capital Budget

    Headwater Exploration Inc. is lifting its 2023 capital expenditure budget from $200 million to $225 million.

    August 4, 2023, 12 AM MDT

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