Financial Results

  • Kelt Sets Initial 2023 Spending Plan

    Kelt Exploration Ltd. announced an initial capital expenditure budget of $310.0 million for 2023.

    November 10, 2022, 8:52 AM MST

  • Busy Quarter For Saturn

    The third quarter of 2022 was the most active drilling period in Saturn Oil & Gas Inc.’s history.

    November 10, 2022, 12 AM MST

  • InPlay Kicks Off Q4 Capital Program In Willesden Green

    InPlay Oil Corp. began its fourth quarter capital program drilling one (0.95 net) ERH well in Willesden Green which was brought on production in late October and is flowing without artificial lift and the start of drilling operations with its first two (2.0 net) Belly River wells.

    November 10, 2022, 12 AM MST

  • Ovintiv Sees Slight Uptick In Production; Capex At High End Of Range

    Ovintiv Inc.’s full year capital investment is expected to total approximately $1.8 billion, at the high end of the previous capital guidance range.

    November 9, 2022, 8:05 AM MST

  • Ovintiv Expects Cash Flow Windfall In 2023 As Hedges Roll Off

    Strong oil and gas prices heading into 2023, combined with disadvantaged hedges ending at year-end 2022, should result in Ovintiv Inc. enjoying a free cash flow windfall in 2023, executive VP and chief financial officer Corey Code told analysts at the company’s third quarter conference call Wednesday.

    November 9, 2022, 12:34 PM MST

  • Record Output For NuVista

    During and subsequent to the end of the third quarter, NuVista Energy Ltd. reached a number of new milestones that reflect the repeatable and profitable nature of its business plan, the company said in its Q3 results.

    November 9, 2022, 7:24 AM MST

  • Pipestone Boosts 2022 Spending Plan; Outlines 2023 Capex

    Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.

    November 9, 2022, 7:48 AM MST

  • Spartan Delta Continues With Drilling Program In Montney, Deep Basin

    Spartan Delta Corp. Q3 2022 production averaged 72,134 boe/d (39 per cent liquids), up 56 per cent compared to 46,282 boe/d (32 per cent liquids) in Q3 2021, with crude oil production increasing seven per cent compared to Q2 2022.

    November 9, 2022, 12 AM MST

  • Birchcliff Continued Advancing Capital Program In Q3

    Birchcliff Energy Ltd.’s F&D capital expenditures were $85.3 million in Q3 2022, which included drilling eight (8.0 net) wells and bringing 19 (19.0 net) wells on production.

    November 9, 2022, 2:25 PM MST

  • Obsidian Bumps Up Capital Spending For 2022; Busy Development Program Continues

    Obsidian Energy Ltd. has bumped up its capital expenditure range.

    November 8, 2022, 7 AM MST

  • Perpetual Outlines 2023 Spending Plan

    Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.

    November 8, 2022, 12 AM MST

  • CEO: Q3 Shows ARC Resources ‘Executing To Plan’

    ARC Resources Ltd. recorded major gains in both net income and cash flow from operating activities in the three-month span ending Sept. 30, 2022 compared to the same days a year earlier.

    November 7, 2022, 12 AM MST

  • Headwater Releases Preliminary 2023 Budget

    Headwater Exploration Inc. outlined an initial capital budget for 2023 of $200 million resulting in 2023 annual average production of 18,000 boe/d (92 per cent heavy oil).

    November 4, 2022, 12 AM MDT

  • Crew Accelerates Projects Into Q4 2022; Outlines Preliminary 2023 Spending

    Crew Energy Inc.’s strong 2022 financial performance in achieving leverage targets provides the flexibility to expedite two projects that were originally planned for the first quarter of next year.

    November 4, 2022, 12 AM MDT

  • CEO: Tourmaline Has ‘Nice Hedge’ Against Inflation, Sees Production Rise In Q3

    With inflationary pressures hooked into many aspects of the energy industry, Tourmaline Oil Corp. possesses qualities and has deployed tactics to fend against it.

    November 3, 2022, 1:41 PM MDT

  • Strong Natgas Volumes Help CNRL Set Quarterly Production Record; Earnings Spike

    Thanks in part to the highest natural gas output in its history, Canadian Natural Resources Limited achieved record total quarterly production of approximately 1.34 million boe/d while third quarter earnings climbed to approximately $2.8 billion.

    November 3, 2022, 11:22 AM MDT

  • Suncor Ramps Up Portfolio Optimization Process

    Suncor Energy Inc. says the company continues to optimize and streamline its portfolio in an effort to maximize value through its core assets.

    November 3, 2022, 10:57 AM MDT

  • Higher B.C. Royalty Rates Take Bite Out Of Murphy Oil’s Montney Performance

    Murphy Oil Corporation saw a significant increase in production from its Montney assets in the Tupper area of northeast B.C. in the third quarter of 2022, but higher royalty rates resulted in the price equivalent of 3,000 boe/d taken out of production, said executive vice-president of operations Eric Hambly at the company’s third quarter conference call Thursday.

    November 3, 2022, 10:41 AM MDT

  • ConocoPhillips Canadian Earnings Down For Q3

    ConocoPhillips reported lower earnings for its Canadian segment for the third quarter of 2022.

    November 3, 2022, 5:33 AM MDT

  • Record Output For Paramount

    Paramount Resources Ltd. achieved record quarterly sales volumes of 97,601 boe/d (46 per cent liquids) in the third quarter, including record monthly sales volumes of 104,506 boe/d (46 per cent liquids) in September.

    November 3, 2022, 6:10 AM MDT

  • Athabasca Output Climbs In Q3

    Athabasca Oil Corporation’s output in Q3 was 37,240 boe/d (93 per cent liquids) consisting of 31,023 bbl/d in Thermal Oil and 6,217 boe/d (57 per cent Liquids) in Light Oil.

    November 3, 2022, 12 AM MDT

  • Solid Operational Performance Substantially Boosts Cenovus’s Financial Results

    Despite an erratic commodity price environment, solid upstream and downstream operating results propelled Cenovus Energy Inc.’s financial results upwards as the company almost tripled Q3 earnings year-over-year to $1.6 billion and funds flow soared.

    November 2, 2022, 11:17 AM MDT

  • Gear Outlines 2023 Capital Program

    Gear Energy Ltd.’s board has approved a 2023 capital budget of $61 million designed to target four key strategic goals.

    November 2, 2022, 3:26 PM MDT

  • Surge Energy’s Output Up For Q3

    Surge Energy Inc. reported average daily production of 21,380 boe/d (86 per cent liquids) during Q3/22, an increase of over 21 per cent as compared to Q3/21 production of 17,642 boe/d (84 per cent liquids).

    November 2, 2022, 6:59 AM MDT

  • BP Joins Rivals With Bumper $8.2B Profit

    November 1, 2022, 12 AM MDT

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