Perpetual Energy Inc. has reduced its 2019 capital expenditure and adjusted funds flow guidance from $21–$25 million and $22–$27 million, respectively, to $18–$21 million for each due to the 15 per cent decline in NYMEX natural gas price expectations for the remainder of 2019.
August 1, 2019, 10:36 AM MDT
August 1, 2019, 4:46 AM MDT
Encana Corporation’s second quarter Montney production averaged 203,000 boe/d with liquids production averaging 54,000 bbls/d, or 27 per cent of total output from the play.
July 31, 2019, 10:50 AM MDT
Seven Generations Energy Ltd. brought its first full triple-stack pad on production at Nest 3 during the middle of the second quarter of 2019 and company officials say they are encouraged by the results.
July 31, 2019, 11:17 AM MDT
The cautious optimism of MEG Energy Corp.’s initial 2019 capital budget has been pulled back, with the company announcing that it will not sanction $75 million that would have gone towards incremental production growth at its Christina Lake oilsands project.
July 31, 2019, 10:05 AM MDT
In Canada, completion operations on the ConocoPhillips 14-well Montney pad and infrastructure construction progressed as planned with start-up on track for the fourth quarter.
July 30, 2019, 7:11 AM MDT
July 30, 2019, 7:23 AM MDT
Vermilion Energy Inc.’s second quarter consolidated production averaged 103,003 boe/d, down slightly from the prior quarter, as increases in the U.S. and Australia were more than offset by lower production in France due to a refinery outage in the Paris Basin.
July 29, 2019, 10:57 AM MDT
Suncor Energy Inc. reported record production and strong cash flow in the second quarter as the company strategically moved more bbls to Syncrude, including curtailment volumes purchased from third parties, in order to boost production of higher value synthetic crude oil (SCO).
July 25, 2019, 10:56 AM MDT
Cenovus Energy Inc. posted strong second quarter results as free cash flow, earnings and most other financial metrics vastly improved year-over-year.
July 25, 2019, 10:49 AM MDT
Crescent Point Energy Corp. spent over $1 billion on development capital expenditures in last year’s first half, but its spending in the first six months of 2019 is down close to 50 per cent from a year ago.
July 25, 2019, 11:17 AM MDT
Vancouver-based Teck Resources Limited benefitted from an improved profit outlook at the Fort Hills oilsands mine, where it is partnered with Suncor Energy Inc., to produce better second quarter financial results than otherwise would have been the case, as the prices for the key metals it mines declined.
July 25, 2019, 10:17 AM MDT
July 24, 2019, 7:49 AM MDT
Drilling activity on PrairieSky Royalty Ltd.’s lands was down in the second quarter while production was essentially flat year-over-year.
July 23, 2019, 8:13 AM MDT
July 18, 2019, 7:48 AM MDT
Leucrotta Exploration Inc. maintained daily production at 3,166 boe in Q1 2019 down from 4,180 boe in Q4 2018.
May 30, 2019, 12 AM MDT
Vancouver-based Hemisphere Energy Corporation says it is preparing for another significant drilling program scheduled to begin in June with up to 16 additional wells planned to be drilled in the Atlee Buffalo area.
May 28, 2019, 9:18 AM MDT
Corridor Resources Inc. recorded lower net income, sales and cash flow from operations for the first quarter of 2019, reflecting weaker than forecast natural gas prices on flat production.
May 17, 2019, 10:20 AM MDT
As improving horizontal wells and a flattening decline rate reduce the need for maintenance capital, Montney producer Storm Resources Ltd. is investing the free cash flow into growth at Nig and Fireweed in northeast British Columbia.
May 16, 2019, 6 AM MDT
Birchcliff Energy Ltd.’s production averaged 74,884 boe/d in the first quarter, a two per cent decrease from 76,323 boe/d in Q1 2018.
May 16, 2019, 12 AM MDT
Corporate guidance for 2019 remains as previously announced with a capital program of $15 million, with Altura Energy Inc.’s spending weighted to the second half of 2019.
May 15, 2019, 7:30 AM MDT
Chinook Energy Inc. achieved a nine per cent increase in production in the first quarter of 2019 despite voluntary and significant third party production restrictions and no capital investment.
May 14, 2019, 6 AM MDT
Pine Cliff Energy Ltd. drilled its first 100 per cent-operated well in the Pekisko area generating 375 boe/d (60 per cent liquids) in the first three months of 2019.
May 14, 2019, 6 AM MDT
In Canada, TransGlobe Energy Corporation equipped and tied in six (five net) Cardium oil wells (from the 2018 capital program) in the Harmattan area during January.
May 13, 2019, 6:55 AM MDT
Enerplus Corporation has narrowed its 2019 capital spending guidance range to $590 million to $630 million (from $565 to $635 million) following the continued optimization of operational plans in North Dakota.
May 13, 2019, 9:19 AM MDT