Financial Results

  • Perpetual Approves $21-$25MM Capital Program For 2019

    A combination of heavy oil and liquids-rich natural gas development will be the focus of a 2019 capital program of $21 million to $25 million to be funded from adjusted cash flow, says Perpetual Energy Inc.

    November 9, 2018, 3:43 AM MST

  • Enerplus Adjusts Guidance, Posts Solid Q3 Earnings

    Enerplus Corporation reaffirmed its 2018 capital spending of $585 million at the same time slightly boosting its production guidance for this year.

    November 9, 2018, 11:44 AM MST

  • Razor Lowers Spending Outlook

    Razor Energy Corp. lowered previous annual average production guidance from 5,000 boe/d to 4,850 boe/d, and is reducing capital to $38 million (previous $42 million).

    November 9, 2018, 7:04 AM MST

  • Paramount Ups Q3 Output Despite Temporary Shut-ins And Turnarounds

    Production from new wells acquired in the Apache Canada Ltd. acquisition and Trilogy Energy Ltd. merger helped boost Paramount Resource Ltd.’s third quarter production.

    November 9, 2018, 10:31 AM MST

  • Bonterra Funds Flow Surges

    Bonterra Energy Corp. reported funds flow of $31 million in Q3 2018, or 93 cents per share, 43 per cent higher than $21.7 million in Q3 2017, or 65 cents per share.

    November 9, 2018, 7:58 AM MST

  • Delphi Closes $15 Million Note Financing

    Delphi Energy Corp. has closed its previously announced financing comprised of the sale of 15,000 senior secured notes, each with a principal amount of $1,000 and a 10 per cent coupon, for gross proceeds of approximately $15 million.

    November 9, 2018, 6:49 AM MST

  • Wet Conditions, Road Bans Hamper Peyto Completions in Q3

    Peyto Exploration & Development Corp. posted a solid quarter thanks in part by delaying capital spending and curtailing production despite a wet September and low gas prices.

    November 8, 2018, 11:59 AM MST

  • Tourmaline Capex At $1.3 Billion For 2019

    Tourmaline Oil Corp. has set its 2019 capital program at $1.3 billion while average 2019 production has been increased by three per cent to 300,000 boe/d.

    November 8, 2018, 12 AM MST

  • Pengrowth Plans To Spend $45 Million In 2019, Weighted Towards Lindbergh

    Pengrowth Energy Corporation plans capital spending of $45 million in 2019, down from expected spending of $65 million this year.

    November 8, 2018, 10:54 AM MST

  • Gear Deferring Production

    Gear Energy Ltd. said it has worked hard through 2018 to unlock significant new reserves that were anticipated to boost fourth quarter production to approximately 9,500 boe per day. However, in light of the current weak pricing environment, that production growth will now be deferred into 2019. ​​​​​​​

    November 8, 2018, 7:38 AM MST

  • Athabasca Cutting Production During ‘Unprecedented’ WCS Environment

    Athabasca Oil Corporation is joining other heavy oil producers and cutting production in order to mitigate the impact of the record-high WCS price discount. The company has also deferred completions on new wells on its Greater Placid Montney acreage in order to focus on maximizing returns. 

    November 8, 2018, 9:19 AM MST

  • TransGlobe To Spend US$10 Million In Canada

    TransGlobe Energy Corporation’s 2019 capital program of $34.1 million (before capitalized G&A) includes $24.1 million for Egypt and $10 million (C$13 million) for Canada. 

    November 8, 2018, 7:11 AM MST

  • Surge Increases 2018 Spending, Reports Q3 Production Growth

    Following its recent $320 million acquisition of privately held Mount Bastion Oil and Gas Corp., Surge Energy Inc. has increased 2018 capital expenditures to $117 million from $107 million.

    November 8, 2018, 12 AM MST

  • Yangarra 2018 Capital Budget Raised To $140 Million

    Yangarra Resources Ltd. has increased its 2018 capital budget to $140 million from $120 million. ​​​​​​​

    November 8, 2018, 3:30 AM MST

  • Pine Cliff Hikes Capex Spending

    Pine Cliff Energy Ltd. is boosting its capital budget in order to drill its first oil well in the fourth quarter of 2018.

    November 8, 2018, 3:40 AM MST

  • Devon Shuts-In 25,000 Bbls/d At Jackfish, Looks To Add Rail Transport

    In response to weak prices and vast differentials for Canadian heavy crude, Devon Energy Corporation has curtailed output from its Jackfish SAGD complex by about 25,000 bbls/d, company officials said this morning.

    November 7, 2018, 11:24 AM MST

  • Journey Kicks Off East Duvernay JV; Hedging Losses Dampen Results

    Successful execution of its 2018 capital program resulted in a slight increase in liquids production for Journey Energy Inc. in the third quarter of 2018 as three new oil wells placed on production offset natural declines.  

    November 7, 2018, 12 AM MST

  • IPC To Continue Work Slowing Suffield Gas Declines, Confident In Future Differential

    Switzerland-based International Petroleum Corporation says it is realizing success “arresting declines” at the Suffield natural gas assets it purchased from Cenovus Energy Inc. earlier this year.

    November 6, 2018, 11:12 AM MST

  • TORC Posts Improved Results, Record Capex In Third Quarter

    Oil-weighted TORC Oil & Gas Ltd. executed the largest capital program in the company’s history in the third quarter of 2018 while generating cash flow in excess of the capital program and dividend.

    November 6, 2018, 8:44 AM MST

  • Painted Pony Boosts Q3 Average Production by 38%; Adjusts Annual Guidance

    Painted Pony Energy Ltd. boosted average daily production in the third quarter of 2018 while adjusting its annual guidance due to the explosion at Enbridge Inc.’s T-South pipeline system in early October.

    November 6, 2018, 9:48 AM MST

  • Cardinal Buys Land In Q3; Plans To Reduce Nonessential Services In Q4

    Cardinal Energy Ltd. continues to solidify its position in the emerging Clearwater oil play in Northern Alberta while looking to reduce operating costs at the same time.

    November 6, 2018, 10:54 AM MST

  • Baytex Reports Two New Light Oil East Duvernay Shale Wells In Pembina Area

    Development of the East Duvernay shale light oil has taken an important step forward with two new light oil discovery wells in the Pembina area in central Alberta, says Baytex Energy Corp.

    November 5, 2018, 10:09 AM MST

  • Bellatrix To Focus On Liquids Development In Fourth Quarter

    Natural gas weighted Bellatrix Exploration Ltd. says the remainder of its 2018 capital program will stay flexible and will focus on development of the Spirit River liquids-rich natural gas play and higher liquids weighted opportunities in the Cardium.

    November 5, 2018, 8:21 AM MST

  • Crew Increases Greater Septimus Output, Posts Q3 Loss

    Crew Energy Inc.’s third quarter volumes of 23,680 boe/d were ahead of the midpoint of the company’s quarterly guidance and were two per cent higher than the same period in 2017, reflecting volumes from new wells completed late in the second quarter.

    November 5, 2018, 9:23 AM MST

  • Advantage Sets 2019 Budget At $225 Million, Announces Five-Year Plan

    Advantage Oil & Gas Ltd.’s 2019 capital expenditures are targeted at $225 million of which $154 million (68 per cent) will be invested in drilling and completion activity.

    November 5, 2018, 10:37 AM MST