Reserves

  • 2P Reserves Grew By 29 Per Cent In 2018, Says Surge

    Surge Energy Ltd. added eight million boe of proved plus probable reserves in 2018, replacing 133 per cent of production as its high quality light oil conventional reservoirs continued to deliver consistent results.

    March 13, 2019, 9:33 AM MDT

  • Granite Spending Conservatively

    Granite Oil Corp. continues to manage volatility and uncertainty in the Canadian energy sector through conservative capital spending and by actively optimizing its EOR scheme and field operations.

    March 13, 2019, 9:40 AM MDT

  • CNRL Reports Strong Growth In Reserves

    Canadian Natural Resource Limited’s mix of long life low decline assets and effective and efficient operations resulted in total company gross proved reserves increasing at the end of 2018 by 12 per cent to 9.893 billion boe, replacing 359 per cent of 2018 production, with a reserves life index of 27.7 years.

    March 7, 2019, 11:38 AM MST

  • Raging River Transaction Boosts Baytex Reserves

    Baytex Energy Corp. replaced 106 per cent of total production in 2018, adding 31 million boe of proved plus probable gross reserves through development activities.

    March 7, 2019, 6 AM MST

  • Leucrotta Working Through Montney Zone ‘Phases’

    Leucrotta Exploration Inc. has been defining and quantifying its large Montney resource.

    March 7, 2019, 7:26 AM MST

  • Leucrotta Reserves Increase

    Leucrotta Exploration Inc. reported a jump in reserves for 2018.

    March 7, 2019, 7:16 AM MST

  • Cardinal 1P, 2P Reserves Climb

    Cardinal Energy Ltd. reported higher proved (1P) and proved plus probable (2P) reserves for 2018.

    March 6, 2019, 8:29 AM MST

  • Altura Lays Out Spending Plans For 2019

    Altura Energy Inc. announced an initial capital budget of $15 million for 2019, funded with forecasted cash flow from operating activities.

    March 5, 2019, 6:17 AM MST

  • Montney Drilling Program Boosts Delphi’s Reserves, Liquids Weighting

    March 4, 2019, 9:28 AM MST

  • Storm Posts Strong Reserves Growth In 2018

    Reserve additions replaced 698 per cent of production for proved reserves and 712 per cent of proved plus probable reserves in 2018, natural gas weighted Storm Resources Ltd. has reported.

    March 1, 2019, 9:18 AM MST

  • Strategic Reserves Decline

    Strategic Oil & Gas Ltd.’s reserves declined in 2018.

    February 28, 2019, 6 AM MST

  • Oil Production, Reserves Weighting Grew In 2018, Says Tamarack Valley

    Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.

    February 27, 2019, 11:41 AM MST

  • Journey And Partner Pick Up More Duvernay Acreage

    After announcing the Duvernay joint venture on Aug. 29, Journey Energy Inc. and its partner have acquired additional Duvernay lands and now have an interest in over 165 gross sections of contiguous lands concentrated in the oil window. ​​​​​​​

    February 27, 2019, 8:02 AM MST

  • Exxon’s Reserves Up 23% On Gains In U.S. Shale, Offshore

    February 27, 2019, 9:06 AM MST

  • Razor Spent $15.9 Million For 2018

    Razor Energy Corp. spent $15.9 million on exploration, development and acquisition activities in 2018.

    February 22, 2019, 7:10 AM MST

  • Tourmaline Grows Total Proved Reserves By 23 Per Cent

    After concentrating almost entirely on internal EP growth in 2017-2018, Tourmaline Oil Corp. says that over the past two years it has produced the best reserve metrics in the company's 10 year history despite the depressed natural gas price environment.

    February 21, 2019, 8:06 AM MST

  • 2P Reserves Grew By 28 Per Cent In 2018, Says Kelt

    Kelt Exploration Ltd. recorded a 28 per cent increase in total proved plus probable reserves to 302.68 million boe in 2018 after record calendar year average production of 9.83 million boe.

    February 21, 2019, 10:06 AM MST

  • Peyto Continues To Build Reserves, Lower FD&A Costs

    Peyto Exploration & Development Corp. invested $232 million of total capital in 2018 to build 114 mmcf/d of natural gas and 4,800 bbls/d of NGLs at a cost of $9,800/boe/d, the lowest cost in company history.

    February 15, 2019, 8:51 AM MST

  • Pine Cliff Outlines Spending Plans For The Coming Year

    Pine Cliff Energy Ltd.’s board of directors has approved a 2019 capital budget of $10 million that will be funded from adjusted funds flow.

    February 13, 2019, 7:29 AM MST

  • Chinook Reserves Climb In 2018

    Chinook Energy Inc. reported higher proved plus probable reserves for 2018.

    February 13, 2019, 3:41 AM MST

  • Bonterra Grows Total Proved Reserves By Three Per Cent

    A capital investment of $78.8 million by Bonterra Energy Corp. in 2018 translated into a three per cent increase in both total proved reserves and average daily production as the company replaced production by 142 per cent.

    February 13, 2019, 9:14 AM MST

  • Drilling Success Cited In Advantage Reserves Replacement Success

    Advantage Oil & Gas Ltd. says it replaced 221 per cent of 2018 annual production of 15.2 million boe on a proved plus probable basis and 225 per cent of production on a proved basis.

    February 12, 2019, 9:33 AM MST

  • Cardium Success Drives Obsidian’s Reserves Growth

    For the second consecutive year, Obsidian Energy Ltd. achieved greater than 100 per cent reserve replacement on proved plus probable and total proved reserves in its independent reserves evaluation by Sproule Associates Limited.

    February 11, 2019, 9:47 AM MST

  • West Septimus Condensate Growth Helps Boost Crew Reserves

    Crew Energy Inc. replaced 140 per cent of its proved plus probable reserves and 568 per cent of proved plus probable reserves in 2018 based on an independent corporate reserves evaluation prepared by Sproule Associates Ltd. effective Dec. 31, 2018.

    February 8, 2019, 11:37 AM MST

  • Perpetual Reports Small 2P Reserve Growth

    Perpetual Energy Inc. says strong performance of its base assets resulted in two per cent growth in proved and probable (2P) reserves year-over-year.

    February 7, 2019, 8:54 AM MST