Lower oil and liquids prices resulted in lower revenue and adjusted funds flow and an increased loss in the first quarter of 2019 for Questerre Energy Corporation.
May 13, 2019, 10:13 AM MDT
Liquids-weighted intermediate Athabasca Oil Corporation is well positioned to benefit from strong global fundamentals for heavy oil, shareholders heard Thursday.
May 10, 2019, 12 AM MDT
Obsidian Energy Ltd. says it now plans to drill a total of 18 short-cycle, light oil Cardium wells in 2019, reaffirming its focus on the highest margin asset in the company’s portfolio.
May 10, 2019, 11:10 AM MDT
Coming out of a bust cycle in the oilpatch, Yangarra Resources Ltd. has grown yearly average production by 64 per cent in 2018 to 9,425 boe/d, completed an infrastructure build-out it calls instrumental to its future growth strategy and added a new core area “with stellar well results,” the company reported at its annual general meeting Thursday.
May 10, 2019, 11:22 AM MDT
Tamarack Valley Energy Ltd. will re-evaluate its capital allocation strategy in the second half of 2019 to determine whether changes are required to its original capital budget of $170 to $180 million based on the status of the curtailment order and the commodity price outlook.
May 10, 2019, 7:30 AM MDT
Capital expenditures for the three months ended March 31, 2019, focused at Simonette where Cequence Energy Ltd. completed and tied in the two gross (2.0 net) Dunvegan horizontal oil wells drilled in the fourth quarter of 2018 and completed in early 2019.
May 10, 2019, 9 AM MDT
Canadian Natural Resources Limited achieved quarterly production volumes of 1,035,212 boe/d in the first quarter, a four per cent decrease from fourth quarter 2018 levels reflecting Alberta's mandatory production curtailments.
May 9, 2019, 11:58 AM MDT
With the early start-up of the Gundy plant providing a modest production cushion and continued reduction of per-well capital costs, Tourmaline Oil Corp. has decided to reduce the full-year 2019 capital program by a further $25 million to $1.2 billion.
May 9, 2019, 12 AM MDT
Crescent Point Energy Corp. continues to focus on balance sheet improvement through disciplined capital allocation, cost reductions and increased cash flow generation, executives with the company said this morning.
May 9, 2019, 11:23 AM MDT
With the vast majority of the work to integrate the assets of two acquired companies completed, Paramount Resources Ltd. will focus on maintaining capital discipline and prioritizing lower-risk, liquids-rich Montney resource plays that generate immediate cash flows, the company told its annual general meeting Wednesday.
May 9, 2019, 9:48 AM MDT
In the first quarter of 2019 InPlay Oil Corp. drilled 2.7 net extended reach horizontal (ERH) wells with the majority of the remaining 2019 capital planned to be spent in the second half of the year on approximately six net additional Cardium ERH wells.
May 9, 2019, 12 AM MDT
Cardinal Energy Ltd. maintained volume targets despite the province’s mandatory curtailments in the first quarter of 2019.
May 9, 2019, 7:48 AM MDT
Granite Oil Corp. did not drill any wells in the first quarter but has resumed activity in the second quarter of 2019.
May 9, 2019, 10:13 AM MDT
Peyto Exploration & Development Corp.’s president and CEO is optimistic new Alberta Premier Jason Kenney and his United Conservative Party (UCP) government will lend a helping hand to the province’s struggling oil and gas sector.
May 8, 2019, 10:56 AM MDT
As Montney natural gas producer NuVista Energy Ltd. continues to grow its business, including work on its 2018 Pipestone acquisition, its chief executive is quick to defend the company’s strategy of measured funded growth.
May 8, 2019, 12 AM MDT
Pengrowth Energy Corporation reported higher adjusted funds flow in the first quarter due to a leaner cost structure and a 20 per cent increase in Lindbergh SAGD bitumen production during the three-month period compared to the prior year.
May 8, 2019, 11:20 AM MDT
A significant element of stability returned to oil prices, which greatly assisted Journey Energy Inc. in achieving funds flow of $7.7 million in the first quarter of 2019, up 50 per cent from last year.
May 8, 2019, 12 AM MDT
Kelt Exploration Ltd.’s average production for the three months ended March 31, 2019 was 27,057 boe/d, relatively unchanged compared to average production of 26,978 during the first quarter of 2018.
May 8, 2019, 6:30 AM MDT
Perpetual Energy Inc.'s 2019 budgeted capital spending program is largely planned for the second half of 2019 with approximately 50 per cent of expenditures targeting heavy oil drilling in Eastern Alberta, and 50 per cent targeting continued development of liquids-rich natural gas at the company's East Edson property.
May 8, 2019, 7:02 AM MDT
Delphi Energy Corp. successfully concluded drilling operations on its first four-well Montney pad by drilling the last well (0.65 net) on the pad, and completed fracturing operations, with the wells now being brought on production.
May 8, 2019, 8:32 AM MDT
MEG Energy Corp.’s bitumen production averaged 87,113 bbls/d in the first quarter of 2019, seven per cent lower than the same period in 2018 due to the Alberta government's mandated production curtailment program which came into effect Jan. 1, 2019.
May 7, 2019, 9:16 AM MDT
Petrus Resources Ltd.’s board of directors approved a second quarter 2019 capital budget of $7 to $8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
May 7, 2019, 7:04 AM MDT
Surge Energy Inc. has been active with its ongoing crude oil and WCS differential hedging strategy designed to protect the capital program and Surge's annual dividend.
May 7, 2019, 8:04 AM MDT
Razor Energy Corp. reported a net loss in the first quarter of 2019, lower funds flow and flat production year-over-year.
May 6, 2019, 7:36 AM MDT
While Bonavista Energy Corporation is a strong believer in the long-term future of natural gas, the next couple of years could be rough, the company’s chief executive warned Thursday.
May 3, 2019, 12 AM MDT