Reserves

  • Spartan To Spend Cautiously In First Half, Increases 2P Reserves

    Spartan Energy Corp. will take a cautious approach to capital spending during the first half of the year and expects to spend approximately $18 million to $20 million.

    February 24, 2016, 9:12 AM MST

  • Tourmaline Grows 2P Reserves 30 Per Cent

    Tourmaline Oil Corp.’s proved plus probable (2P) reserves increased to 1.11 billion boe during 2015, a 30 per cent increase over 2014 reserves of 855.8 million boe and a 36 per cent increase before taking into account annual production of 56.4 million boe.

    February 23, 2016, 8:04 AM MST

  • Cequence Reserves Rise

    Cequence Energy Ltd. boosted its proved reserves by nine per cent from the prior year to 62.51 million boe, with a reserve replacement ratio of 255 per cent.

    February 23, 2016, 6 AM MST

  • Questfire 2P Reserves Up, Proved Down One Per Cent

    Questfire Energy Corp. reported year-end 2015 proved plus probable (P+P) reserves of 31.45 million boe, an increase of four per cent over year-end 2014 P+P reserves of 30.13 million boe.

    February 23, 2016, 9:03 AM MST

  • Another Year Of Profitable Reserves Development: Peyto

    This year marks Peyto Exploration & Development Corp.’s17th year of profitable reserves development with a record number of wells drilled and record exit production of 102,000 boe per day.

    February 18, 2016, 6 AM MST

  • Crew Reports Higher Reserves

    Crew Energy Inc. increased proved developed producing (PDP) reserves by 51 per cent, net of production, to 41.4 million boe, with reserves replacement of 240 per cent.

    February 18, 2016, 6 AM MST

  • Connacher Reserves Decline

    Connacher Oil and Gas Limited reported declines in proved producing reserves, 1P and 2P reserves.

    February 17, 2016, 6 AM MST

  • Yangarra Boosts 2P Reserves

    Yangarra Resources Ltd. increased proved plus probable reserves to 40.61 million boe in 2015, from 37.44 million boe during the same period of 2014.

    February 16, 2016, 6 AM MST

  • Advantage Attributes Reserves Growth To Montney Success

    Advantage Oil & Gas Ltd.’s proved working interest reserves increased 11 per cent last year to 213.19 million boe (1.28 tcfe) and proved-plus-probable (2P) working interest reserves increased eight per cent to 325.35 million boe (1.95 tcfe), replacing 390 per cent of 2015 production.

    February 16, 2016, 9:59 AM MST

  • Bonterra Increases Reserves

    Bonterra Energy Corp. increased proved plus probable reserves by 13 per cent to 90.6 million boe (73 per cent oil and liquids) and total proved reserves by 13 per cent to 70.7 million boe (74 per cent oil and liquids).

    February 12, 2016, 6 AM MST

  • Reserves Climb For Pine Cliff

    Proved reserves for Pine Cliff Energy Ltd. increased to 59.45 million boe (91 per cent natural gas) at Dec. 31, 2015 from 26.03 million boe (96 per cent natural gas) at Dec. 31, 2014, up 128 per cent, and 75 per cent on a per basic share basis.

    February 12, 2016, 6 AM MST

  • Strategic’s Reserves Down For 2015

    Strategic Oil & Gas Ltd. reported 2P reserves of 12.74 million boe at year-end 2015, down from 13.93 million boe the previous year.

    February 12, 2016, 6 AM MST

  • Whitecap Boosts Reserves

    Whitecap Resources Inc. added 74.6 million boe (84 per cent oil and NGLs) of total proved plus probable reserves at a strong finding, development and acquisition (FD&A) cost of $18.27 per boe in 2015, including changes in future development capital (FDC).

    February 11, 2016, 6 AM MST

  • Lightstream Maintaining Conservative First-Half Budget

    Given lower commodity prices, Lightstream Resources Ltd. is maintaining a conservative capital plan for the first half of 2016 of roughly $16 million, with spending principally focused on capital maintenance projects, optimization and EOR initiatives.

    February 11, 2016, 7:52 AM MST

  • Kelt Chops Budget, Announces Reserves, 2015 Production

    Kelt Exploration Ltd. is cutting its capital expenditure budget for 2016 to $65 million, down 41 per cent from its previous budget of $110 million, and reducing its production forecast by 1,000 boe per day from its previous estimate.

    February 10, 2016, 10:20 AM MST

  • Surge Reports Lower Reserves

    Surge Energy Inc.’s fell 19 per cent to 52.78 million boe (proved, 78 per cent oil and natural gas liquids) and 85.84 million boe (proved plus probable) during 2015, from 68.32 boe and 112.03 million boe, respectively, a year earlier.

    February 9, 2016, 10:57 AM MST

  • Chinook Increases 2P Reserves, Provides Operational Update

    Chinook Energy Inc. increased proved plus probable (2P) reserves to 30.63 million boe at year-end 2015 from 27.38 million boe a year earlier.

    February 9, 2016, 9:26 AM MST

  • Raging River Reduces Capital Spending Guidance; Boosts Reserves

    As a result of the commodity price collapse in 2016, Raging River Exploration Inc. isreducing its capital budget from $190 million to a range of $150-$160 million.

    February 4, 2016, 6 AM MST

  • Arsenal Replaces 124 Per Cent Of Proved Developed Reserves, Announces Sale Of Assets

    Arsenal Energy Inc. has announced the results of its 2015 reserves report, and that it is selling some or all of its United States properties, as well as various non-core properties in Canada.

    February 2, 2016, 10:43 AM MST

  • Rock Increases 2P Reserves

    Rock Energy Inc. increased its total proven plus probable reserves by 37 per cent from 12.5 million boe at 2014 year-end to 17.1 million boe (98 per cent heavy and light oil and natural gas liquids).

    February 2, 2016, 11:43 AM MST

  • Bonavista Lowers F&D Costs; Reduces 2016 Capital Budget

    Bonavista Energy Corporation says that in 2015, it achieved lower finding and development costs and increased production.

    January 28, 2016, 11:13 AM MST

  • Rock Reports 38 Per Cent Increase In Total Proved Plus Probable Reserves

    Rock Energy Inc. says it increased its total proved plus probable reserves by 38 per cent to 17.2 million boe (98 per cent heavy and light oil and NGLs) at Nov. 30, 2015, up from 12.5 million boe at 2014 year-end.

    December 14, 2015, 11:55 AM MST

  • Pemex Says Two Oil Discoveries To Add 40,000 Bbls Per Day

    December 9, 2015, 10:24 AM MST

  • Shale Drilling Boosted U.S. Oil And Gas Reserves In 2014: EIA

    November 24, 2015, 9:01 AM MST

  • Marquee Reports Michichi Contingent Resource Assessment

    Marquee Energy Ltd. has 357.5 million boe of discovered petroleum initially in place (DPIIP) in the Michichi area of central Alberta, including 13.2 million bbls of risked best-estimate contingent oil resources, according to a contingent resource evaluation.

    October 16, 2015, 9:24 AM MDT

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