Financial Results

  • Teck Reports Higher EBITDA From Fort Hills

    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

  • Spain’s Repsol Profit Falls 9%, Beats Forecasts

    July 24, 2019, 7:49 AM MDT

  • Drilling On PrairieSky Lands Down In Q2; Clearwater Activity Expected To Jump

    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

  • Woodside Petroleum Q2 Revenue Falls 32% On Pluto Roadblock

    July 18, 2019, 7:48 AM MDT

  • Leucrotta Production Down In Q1 2019

    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

  • Higher Oil Prices, Increased Production Boost Hemisphere Results As It Plans Active Drilling Season

    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

  • Lower Gas Prices Dampen Corridor Q1 Results

    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

  • Storm Planning For Growth At Nig, Fireweed

    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’s Q1 Production Down Slightly, Earnings Up 12 Per Cent

    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

  • Altura To Continue With Leduc-Woodbend Drilling In Second Half Of 2019

    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

  • Despite Production Restrictions, No Capital Investment, Chinook Output Climbs

    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 Drills First Pekisko Well

    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

  • TransGlobe Ties In Cardium Wells

    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

  • Strong Bakken, Marcellus Pricing Boost Enerplus Results

    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

  • Questerre Results Affected By Lower Liquids Prices In First Quarter

    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

  • Athabasca Oil CEO Touts Heavy Oil Advantage

    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 Increasing Cardium Focus In 2019 Capital Program

    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

  • Self-Owned Infrastructure, Growth Through Drill Bit Prove Profitable For Yangarra

    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 To Review Spending For Second Half

    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

  • Cequence Focused On Simonette

    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

  • CNRL Reports Decreased Q1 Output On Curtailments, Profits Soar

    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

  • Tourmaline Lowers Capital Spending Plan

    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 Improves Balance Sheet In Q1

    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

  • Paramount Focuses On Liquids Rich Montney, Abandonments And Emissions Reductions

    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

  • InPlay Program Focuses On Cardium

    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