Financial Results

  • Zargon Records Improved Funds Flow, Lower Output In Q2

    Oil-weighted Zargon Oil & Gas Ltd. reported higher funds flow from operating activities of $2.17 million in the second quarter of 2019, up from $580,000 in the second quarter of 2018.

    August 16, 2019, 7:15 AM MDT

  • New Birchcliff Wells In Peace River Arch Show Promise

    Birchcliff Energy Inc. is encouraged by initial production rates in Pouce Coupe and Gordondale in the Peace River Arch. 

    August 15, 2019, 9:06 AM MDT

  • Lower Gas Prices Prompt Storm To Reduce 2019 Capital Spending

    Storm Resources Ltd. has reduced its 2019 capital investment to $110 million from $128 million in response to lower natural gas prices and reduced forecast funds flow due to the multiple outages experienced at Enbridge Inc.’s McMahon gas plant.

    August 14, 2019, 9:47 AM MDT

  • Obsidian Continued To Increase Cardium Output In Q2

    Obsidian Energy Ltd. maintained strong operational and financial results in the second quarter as it continued to focus on its high-quality, light oil Cardium asset.

    August 14, 2019, 9:01 AM MDT

  • Regulatory Uncertainty Continues To Affect Corridor’s Operations In New Brunswick

    Corridor Resources Inc. says the New Brunswick government has advised the company that it is unable to consider applications for an exemption to the regional moratorium on hydraulic fracturing as they undertake a consultation process with the New Brunswick First Nations.

    August 13, 2019, 8:58 AM MDT

  • Questerre Eyeing Lower Montney Test Well At Kakwa North In 2020

    With encouraging results from a third interval in the Lower Montney offsetting its Kakwa North lands, Questerre Energy Corporation’s chief executive says the company is evaluating a test well in the interval next year.

    August 13, 2019, 8:30 AM MDT

  • Journey To Drill 3 Matziwin Wells, Defers Skiff Wells

    Journey Energy Inc. is reducing its capital program to $22 to 23 million from $30 million in light of the continued volatility in commodity prices.

    August 13, 2019, 12 AM MDT

  • Development Program Helps Drive Record Q2 Prairie Provident Production

    Prairie Provident Resources Inc.  achieved record production averaging 6,386 boe/d (69 per cent liquids) in the second quarter of 2919, up 24 per cent from 5,146 boe/d in the second quarter of 2018.

    August 13, 2019, 12 AM MDT

  • Chinook ‘Uncertain’ It Can Access Sufficient Capital To Fund Future Operations

    Chinook Energy Inc. says it is “uncertain about our ability to access sufficient capital” to finance the company’s future operations given the continued weakness in the B.C. natural gas price related to export capacity constraints.

    August 13, 2019, 12 AM MDT

  • Granite Oil Drills One Well, Shuts-in Six in Q2 2019

    Granite Oil Corp. drilled and completed its first development well since June 2018 in the second quarter of 2019.

    August 13, 2019, 8:21 AM MDT

  • Surge Says Q2 Drilling Results Exceeded Expectations

    Surge Energy Inc.’s second quarter production and adjusted funds flow came in higher than analyst estimates and the company's bank debt, net debt, operating expenses, transportation expenses and general and administrative costs all came in lower than budgeted expectations.

    August 12, 2019, 12 AM MDT

  • Pipestone Energy Reduces Capital Guidance

    Pipestone Energy Corp. says its net capital investment program continues to be on-track, on-time, and either on or under budget resulting in a reduced net capital guidance range for 2019 of $145 million to $155 million.

    August 12, 2019, 12 AM MDT

  • Q3 Capital Budget For Petrus Calls For Drilling, Debt Repayment

    Petrus Resources Ltd.’s board of directors has approved a third quarter 2019 capital budget of $7 million that is expected to include drilling and completion activities for three gross (1.5 net) Cardium light oil wells at Ferrier.

    August 12, 2019, 7:28 AM MDT

  • Enerplus Boosts 2019 Production Guidance

    Enerplus Corporation has increased its 2019 production guidance thanks to the strong volumes in North Dakota and the Marcellus.

    August 12, 2019, 9:19 AM MDT

  • 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