Financial Results

  • Active Capital Program For Bonterra

    Bonterra Energy Corp. successfully executed an active capital program in 2022 that was largely directed to the development of its high-quality, light oil weighted asset base and other incremental growth initiatives.

    March 13, 2023, 12 AM MDT

  • Rubellite On Track For $17-$20 million Q1 Spending

    Rubellite Energy Inc. is on track to spend a total of $17 - $20 million in Q1 2023 capital expenditure to drill, complete, equip and tie-in six (6.0 net) multi-lateral development/step-out wells at Figure Lake and the three (2.5 net) multi-lateral exploratory program which has already been completed.

    March 10, 2023, 12 AM MST

  • Headwater Output Surges In Q4

    Headwater Exploration Inc. reported average production of 15,546 boe/d (consisting of 13,536 bbls/d of heavy oil, 11.5 mmcf/d of natural gas and 99 bbls/d of natural gas liquids), an increase of 49 per cent from the fourth quarter of 2021.

    March 10, 2023, 12 AM MST

  • Kiwetinohk Q4 Output Climbs

    Kiwetinohk Energy Corp. posted record quarterly production in the three-month period ending Dec. 31, 2022, topping the same time a year earlier by 99 per cent.

    March 9, 2023, 6 AM MST

  • Montney Helps Drive Vermilion Production Uptick

    Vermilion Energy Inc. posted a production average through its North American operations of 58,499 boe/d during the fourth quarter of 2022. This represents a two per cent rise from the previous quarter.

    March 9, 2023, 3:49 PM MST

  • Peyto Grows Production, Reports Record Earnings; Cost Pressures Expected To Ease

    Peyto Exploration & Development Corp. increased its pace of capital investment in 2022, resulting in strong production and reserves growth and record-setting earnings and cash flow.

    March 9, 2023, 11:03 AM MST

  • Record Output For Pipestone Energy

    In Q4 2022, Pipestone Energy Corp.  achieved record average quarterly production totaling 33,816 boe/d (30 per cent condensate and crude oil, 42 per cent total liquids), representing a five per cent quarterly increase over Q3 2022, and a 18 per cent increase over Q4 2021.

    March 9, 2023, 12 AM MST

  • Pine Cliff Outlines 2023 Capital Spending Plan

    Pine Cliff Energy Ltd.'s announced a 2023 capital budget of $27.9 million to be fully funded from adjusted funds flow.

    March 8, 2023, 6:12 AM MST

  • NuVista Reports Record Output; Guidance Unchanged Despite Natgas Price Weakness

    NuVista Energy Ltd. reported the highest ever annual average production rate of 68,690 boe/d, a 31 per cent increase from 2021 and at the top end of our guidance range of 68,000 – 69,000 boe/d.

    March 8, 2023, 6:38 AM MST

  • Paramount Boosting 2023 Capital Spending Plan

    Paramount Resources Ltd.  is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.

    March 7, 2023, 11:01 AM MST

  • Crescent Point Grows Kaybob Duvernay, Viewfield, And Posts One-Off Q4 Loss

    Crescent Point Energy Corp.’s entry into Alberta’s Kaybob Duvernay formation in 2021 has succeeded to the point where the purchase will have paid for itself by the end of the first quarter 2023, investors were told during the company’s fourth-quarter results conference call.

    March 3, 2023, 6:33 AM MST

  • Kelt Output Climbs For Q4, Year

    Kelt Exploration Ltd.’s average production in Q4 was 28,036 boe/d, up nine per cent compared to average production of 25,815 boe during the fourth quarter of 2021.

    March 3, 2023, 7:29 AM MST

  • Spartan Delta In ‘Strategic Alternatives’ Process

    Spartan Delta Corp. has started formal process to evaluate strategic positioning alternatives in an effort to enhance shareholder value.

    March 3, 2023, 9:02 AM MST

  • Perpetual Outlines 2023 Spending Plan

    Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of $25 - $32 million for full year 2023, including $8 to $10 million to be spent in the first quarter to drill two (1.0 net) wells at East Edson and related pipeline infrastructure.

    March 3, 2023, 9:31 AM MST

  • CNRL’s Full-Year 2022 Earnings Up Despite Q4 Decline

    Canadian Natural Resources Limited generated strong fourth quarter and full-year 2022 financial results, generating “substantial free cash flow generation, significant returns to our shareholders and strong reserve growth,” Tim McKay, president, told analysts on a conference call this morning.

    March 2, 2023, 11:13 AM MST

  • Big Production Jump And Market Diversity Efforts Drive Record Year At Tourmaline

    A 14 per cent increase in production, combined with continued diversification of natural gas markets, resulted in record financial performance for Tourmaline Oil Corp. in 2022.

    March 2, 2023, 8:14 AM MST

  • Production Surges For Tamarack Valley Energy

    Tamarack Valley Energy Ltd. reported fourth quarter production volumes of 64,344 boe/d and yearly production volumes of 48,283 boe/d in 2022, representing a 59 per cent and 40 per cent increase respectively compared to the same periods in 2021.

    March 2, 2023, 6:09 AM MST

  • Topaz Energy Sees Exceptional Year Of Growth And Record-Breaking Q4

    Describing 2022 as “an exceptional year,” for the company, president and CEO Marty Staples told analysts on Topaz Energy Corp.’s fourth quarter and year-end 2022 results conference call that acquisitions and diversification had propelled the company forward.

    March 2, 2023, 7:55 AM MST

  • Record Free Cash Flow For Athabasca

    Athabasca Oil Corporation reported production of 35,850 boe/d (93 per cent liquids) in Q4 and 35,262 boe/d (92 per cent liquids) in 2022, exceeding its annual upwardly revised guidance of 34-35,000 boe/d.

    March 2, 2023, 12:43 PM MST

  • Freehold Reports Higher Drilling Activity For 2022

    In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.

    March 2, 2023, 12 AM MST

  • Yangarra Output Surges For 2022

    Yangarra Resources Ltd. reported average production of 11,022 boe/d (45 per cent liquids), an increase of 23 per cent from 2021.

    March 2, 2023, 1:08 PM MST

  • MEG Reports Record Volumes, Solid Financial Results

    MEG Energy Corp. delivered record Q4 and full-year 2022 bitumen output while strong price realizations enabled the company to post solid financial results.

    February 28, 2023, 9:54 AM MST

  • Ovintiv Uses Record Cash Flows To Pay Down Debt, Build Up Drilling Inventory

    High commodity prices resulted in Ovintiv Inc. generating net earnings of $3.6 billion in 2022, with free cash flow of $2.3 billion after capital expenditures of $1.8 billion.

    February 28, 2023, 10:17 AM MST

  • Pemex More Than Triples Loss As AMLO Fails To Revive Output

    February 27, 2023, 11:07 AM MST

  • Baytex CEO Says 2022 Was An ‘Exciting Year’ As The Company Posts Strong Results

    Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.

    February 24, 2023, 10:55 AM MST

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.