Financial Results

  • ‘Challenging Quarter’ For Cenovus As U.S. Refineries Drag Down Results

    Cenovus Energy Inc.’s first quarter earnings and cash flows were lower year-over-year, in large part due to the weak performance of some refineries in the company’s U.S. Manufacturing segment.

    April 26, 2023, 10:47 AM MDT

  • PrairieSky’s Increased Royalty Land Leasing And Activity ‘Encouraging’: CEO

    Strong and steady drilling activity on its royalty lands helped PrairieSky Royalty Ltd. to another strong quarter and led to the company posting its sixth consecutive quarter of record third-party leasing.

    April 18, 2023, 8:56 AM MDT

  • Source Rock Reports Record Royalty Revenue; Continues To ‘Identify’ Royalty Acquisitions

    Source Rock Royalties Ltd. reported annual royalty revenue of $6.49 million, an increase of 52 per cent over 2021.

    April 17, 2023, 8:54 AM MDT

  • Hammerhead To Run 2-Rig Program

    Hammerhead Energy Inc.'s 2023 capital program is development-focused with a continuous two-rig program expected to drill approximately 40 wells.

    April 3, 2023, 9:38 AM MDT

  • Record Output For Saturn

    Saturn Oil & Gas Inc. reported record production and matched corporate guidance with a fourth quarter 2022 average of 12,514 boe/d (96 per cent oil and NGL), compared to 7,279 boe/d (95 per cent oil and NGL) in the fourth quarter of 2021, an increase of 72 per cent.

    March 30, 2023, 10:05 AM MDT

  • Pieridae Energy Improves Balance Sheet Despite Production Slowdown In Q4 2022

    Last year saw “transformational” financial results for Pieridae Energy Limited, driven by strong gas and liquids pricing, the company's ability to control costs in an inflationary year, and a revitalized hedging program.

    March 23, 2023, 6 AM MDT

  • Tenaz Continues To ‘Enhance’ Leduc-Woodbend

    Tenaz Energy Corp. continues to enhance its Leduc-Woodbend project returns by improving knowledge of the Rex reservoir and depositional environment, extending horizontal well lengths, and continuously improving the frack stimulation design and execution.

    March 22, 2023, 6:17 AM MDT

  • Petrus Returns To Drilling At Ferrier

    In early January, Petrus Resources Ltd. returned to drilling in Ferrier to kick off the 2023 capital program.

    March 16, 2023, 5:41 AM MDT

  • Record Output For InPlay

    InPlay Oil Corp. reported record average annual production of 9,105 boe/d, up from 5,768 boe/d the previous year.

    March 15, 2023, 6:39 AM MDT

  • Funds Flow Hike For Surge Energy In 2022; Sparky Growth Continues

    Surge Energy Inc. increased adjusted funds flow (AFF) by over 190 per cent, from $100.4 million in 2021 to $293.6 million in 2022.

    March 13, 2023, 12 AM MDT

  • Busy Q4 For Journey With Closing Of Enerplus Acquisition

    Journey Energy Inc. was busy during the fourth quarter of 2022 with the closing and integration of its 4,000 boe/d (71 per cent crude oil and NGL) acquisition from Enerplus Corporation.

    March 13, 2023, 12 AM MDT

  • 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

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