Chevron Corporation’s first quarter earnings decreased 27 per cent to US$2.6 billion compared to $3.6 billion a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses.
April 26, 2019, 10:56 AM MDT
April 26, 2019, 11:07 AM MDT
April 26, 2019, 10:08 AM MDT
April 26, 2019, 9:52 AM MDT
Industry is likely to increase crude by rail volumes on its own should incoming Premier Jason Kenney follow through on his plan to cancel the government rail agreements put in place by Rachel Notley, executives with Cenovus Energy Inc. said on Wednesday morning.
April 24, 2019, 11:14 AM MDT
Traverse Energy Ltd.’s production averaged 594 boe/d (43 per cent oil and NGLs) during the fourth quarter of 2018, an increase of 31 per cent from the third quarter of 2018.
April 10, 2019, 9:14 AM MDT
While Corridor Resources Inc. says it continued to evaluate opportunities with a disciplined approach to deploy surplus working capital and enhance shareholder value in 2018, none of the opportunities assessed met Corridor’s objectives.
March 29, 2019, 8:36 AM MDT
Perpetual Energy Inc. says it anticipates a court decision in the second quarter of 2019 on its application for a dismissal of all claims from PricewaterhouseCoopers Inc. related to Perpetual’s sale of shallow gas assets to Sequoia Resources Corp. which later assigned itself into bankrupty.
March 28, 2019, 10:37 AM MDT
Prairie Provident Resources Inc. added 1,800 boe/d of production while expanding its footprint in Southern Alberta in 2018.
March 28, 2019, 9:56 AM MDT
Lower realized oil prices in the fourth quarter of 2018 were reflected in reduced adjusted funds flow and revenue for Altura Energy Inc.
March 22, 2019, 9:05 AM MDT
Production for oil-weighted Cardinal Energy Ltd. was up 11 per cent in 2018 although output in the fourth quarter fell three per cent or 1,100 boe/d after the company voluntarily curtailed sales volumes due to low pricing.
March 21, 2019, 9:49 AM MDT
InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.
March 20, 2019, 7:24 AM MDT
Bellatrix Exploration Ltd.’s production volumes in the fourth quarter of 2018 averaged 35,001 boe/d (71 per cent natural gas weighted), up four per cent from third quarter 2018 volumes of 33,530 boe/d but down from Q4 2017 volumes of 37,077 boe/d.
March 15, 2019, 3:47 AM MDT
Bellatrix Exploration Ltd. recorded a fourth quarter 2018 net loss of $89.8 million compared to a net loss of $13.05 million the comparable period in 2017.
March 15, 2019, 3:54 AM MDT
Through the first half of 2019, Delphi Energy Corp. will complete and bring on production its four-well pad in West Bigstone.
March 14, 2019, 8:33 AM MDT
Petrus Resources Ltd. announced a second quarter 2019 capital budget of $7–$8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
March 14, 2019, 8:06 AM MDT
Focusing on its Dunvegan oil program, natural-gas weighted Cequence Energy Ltd. increased its liquids weighting in both the 2018 year and fourth quarter although overall production in both periods was down from the previous year.
March 14, 2019, 12 AM MDT
TransGlobe Energy Corporation produced an average of 14,439 boe/d in 2018 as compared to 15,506 boe/d a year earlier, a seven per cent decrease year over year.
March 13, 2019, 9:17 AM MDT
For 2018, Bonterra Energy Corp. invested $78.7 million in net capital expenditures, or four per cent less than in 2017.
March 13, 2019, 7:43 AM MDT
Journey Energy Inc. reported a lower net loss for Q4 and the year-ended 2018, but its funds flow declined in both periods.
March 12, 2019, 12 AM MDT
Obsidian Energy Ltd.’s full year production declined by nine per cent to 28,953 boe/d.
March 8, 2019, 6 AM MST
Yangarra Resources Ltd. reported higher financial and production results for 2018, as output, net income and funds flow all increased.
March 8, 2019, 9:21 AM MST
The Cardium play was revitalized with a “proven, innovative completion design,” resulting in a 200 per cent increase in booked Cardium locations, said Peyto Exploration & Development Corp.
March 7, 2019, 6:56 AM MST
Crescent Point Energy Corp. says its 2019 capital budget is expected to generate over $400 million of excess cash flow, based on current strip prices, which will be used for net debt repayment and additional share repurchases.
March 7, 2019, 11:20 AM MST
Painted Pony Energy Ltd. increased average daily production volumes during 2018 by 35 per cent to 347 mmcfe/d, or 57,879 boe/d.
March 7, 2019, 7:59 AM MST