In the first quarter, as a result of limitations in shipping oil to market, Gear Energy Ltd. decided to temporarily slow its heavy oil production and built a record inventory of saleable oil in excess of 40,000 bbls.
August 9, 2018, 6:30 AM MDT
Bonterra Energy Corp. invested $19 million in capital expenditures in Q2, representing approximately 25 per cent of the company’s $75 million capital budget for the year.
August 9, 2018, 9:14 AM MDT
Paramount Resources Ltd. reported a second quarter net loss of $134.6 million, or $1.01 per diluted share, compared with a profit of $45.3 million, or 42 cents per share, in the second quarter of last year.
August 8, 2018, 10:51 AM MDT
NuVista Energy Services Ltd. reported Q2 output of 36,035 boe/d, a similar average as the first quarter of 2018 production and an increase of 42 per cent from the second quarter of 2017.
August 8, 2018, 8:44 AM MDT
Oil-and-NGL-weighted Razor Energy Corp. reported a second quarter profit of $2.5 million versus a loss of $1.56 million a year earlier.
August 7, 2018, 9:21 AM MDT
Pengrowth Energy Corporation’s second quarter production dropped 54 per cent compared to the same period last year due to output lost in the company’s 2017 divestment program as the company embarks on its new multi-year development plan.
August 3, 2018, 10:49 AM MDT
Obsidian Energy Ltd. plans to fast-track Cardium development with a repeatable, low-cost approach in the second half of 2018 and into next year.
August 3, 2018, 3:41 AM MDT
Perpetual Energy Inc. has increased its 2018 capital expenditure guidance from a range of $21 to $25 million to $25 to $30 million ($8 to $13 million for the remainder of 2018) and increased its planned Mannville heavy oil drilling in the second half of 2018 to five to nine wells (4.3 - 8.3 net) from two wells (1.3 net) previously.
August 3, 2018, 7:15 AM MDT
Ultra-low natural gas prices took their toll on Advantage Oil & Gas Ltd. in the second quarter as the gas-weighted producer reported a $15.29 million net loss versus net earnings of $18.34 million a year earlier.
August 3, 2018, 11:15 AM MDT
Cardinal Energy Ltd. expects to drill an additional seven wells in the second half of 2018, which it estimates will result in an increase of two to four per cent in exit production growth for 2018.
August 3, 2018, 10:59 AM MDT
Bellatrix Exploration Ltd.’s Spirit River wells continue to outperform budget expectations, resulting in lower sustaining capital requirements for the remainder of 2018.
August 3, 2018, 8:45 AM MDT
Wells drilled on Freehold Royalties Ltd.’s lands totaled 85 (1.2 net) in the quarter compared to 58 (1.6 net) in Q2-2017.
August 3, 2018, 7:29 AM MDT
Canadian Natural Resources Limited is increasing planned 2018 spending on de-bottlenecking at Horizon but has curtailed natural gas and conventional heavy oil activities.
August 2, 2018, 11:40 AM MDT
MEG Energy Corp. may have contracted capacity on pipelines to the U.S. Gulf Coast, but it’s having trouble using it due to a full Enbridge Inc. Mainline out of Canada.
August 2, 2018, 10:31 AM MDT
Led by strong increases in condensate and liquids volumes, Seven Generations Energy Ltd.’s second quarter production averaged 187,100 boe/d, a 13 per cent increase compared to 165,200 boe/d during the same period in the prior year.
August 2, 2018, 10:52 AM MDT
Tourmaline Oil Corp. reported Q2 2018 average production of 260,930 boe/d, which was below the originally-anticipated 265,000-275,000 boe/d range.
August 2, 2018, 3:14 AM MDT
ARC Resources Ltd.’s production surged in the second quarter to 127,879 boe/d, climbing from 113,410 for the April-June period of 2017.
August 2, 2018, 3:15 AM MDT
Crew Energy Inc. says its natural gas market diversification strategy resulted in a premium price to AECO.
August 2, 2018, 8:33 AM MDT
Athabasca Oil Corporation increased its 2018 capital budget by $45 million to reflect continued activity in the Montney at Placid through the second half of 2018.
August 2, 2018, 7:03 AM MDT
Service companies hoping Encana Corporation would immediately boost spending will be disappointed.
August 1, 2018, 11:45 AM MDT
Painted Pony Energy Ltd.’s adjusted funds flow increased 116 per cent to $39.1 million compared to $18.1 million during the second quarter of 2017.
August 1, 2018, 3:15 AM MDT
Raging River Exploration Inc. continues to “prudently and methodically” advance the evaluation of the emerging Duvernay light oil play in central Alberta.
August 1, 2018, 3:11 AM MDT
Bonavista Energy Corporation in the first six months of this year has produced on average 70,304 boe/d while spending only 57 per cent of adjusted funds flow on its exploration and development (E&D) program.
August 1, 2018, 3:54 AM MDT
After a better than expected operational performance in the second quarter, Whitecap Resources Inc. is increasing its annual production guidance for 2018 to 74,000 –75,000 boe/d from previous guidance of 73,600 – 74,800 on an unchanged development capital program of $450 million.
August 1, 2018, 10:23 AM MDT
Baytex Energy Corp. is doing its part to contribute to record levels of western Canadian crude being shipped to market via rail.
July 31, 2018, 10:54 AM MDT