Reserves

  • Tourmaline Boosts Reserves

    Tourmaline Oil Corp.’s proved plus probable reserves (2P) increased by 470 million boe to 2.22 billion boe during 2017, a 27 per cent increase over 2016 year-end reserves of 1.75 billion boe (26 per cent per diluted share) and a 32 per cent increase of 558 million boe which includes annual production of 88.4 million boe.

    February 15, 2018, 6 AM MST

  • Peyto Reports Rise In Reserves For 2017

    Total Peyto Exploration & Development Corp. reserves in 2017 increased by 11 per cent, 12 per cent and 10 per cent to 1.6 tcf equivalent, 2.7 tcfe and 4.3 tcfe for PP, TP and P+P reserves, both in absolute and on a per share basis, while liquid reserves increased by 14 per cent, 13 per cent and 36 per cent, respectively.

    February 15, 2018, 2:58 AM MST

  • Chinook Reserves Up In 2017

    Chinook Energy Inc. reported a rise in proved and proved plus probable reserves for 2017.

    February 14, 2018, 6 AM MST

  • Yangarra Reserves Rise

    Yangarra Resources Ltd. reported total proved reserves of 55.9 million boe, a 53 per cent increase from the previous year.

    February 14, 2018, 6 AM MST

  • Surge Increases 2P Reserves By 13 Per Cent

    Surge Energy Inc.’s 2017 capital expenditure program resulted in an increase of 13 per cent in total reserves on a total proved plus probable (2P) basis, to 95 million boe with over 82 per cent being oil and NGL.

    February 14, 2018, 9:24 AM MST

  • Pine Cliff Budget Set At Just Over $10 Million For 2018

    Pine Cliff Energy Ltd.’s board of directors has approved a 2018 capital budget of $10.4 million that will be funded from cash flow at an AECO reference price of $1.50/mcf.

    February 13, 2018, 11:21 AM MST

  • Record Output For NuVista

    NuVista Energy Ltd. produced a record 37,400 boe/d for the fourth quarter of 2017, near the top of the guidance range of 35,000 – 38,000. 

    February 13, 2018, 3:18 AM MST

  • Corridor Benefits From Strong AGT Pricing

    Corridor Resources Inc. has benefited from strong pricing at Algonquin city-gates (AGT) for the sale of its natural gas production this winter, leading the company to increase its guidance for the period from April 1, 2017 to March 31, 2018.

    February 13, 2018, 9:12 AM MST

  • Advantage Reports Strong Growth In Reserves

    Advantage Oil & Gas Ltd.’s 2017 Montney development program replaced 433 per cent of annual production, generated low cost reserve additions in each reserve category and extended liquids-rich reserve bookings beyond Glacier to the company’s Valhalla land block.

    February 12, 2018, 8:54 AM MST

  • Zargon Q4 Output Down From Last Year

    Zargon Oil & Gas Ltd.’s fourth quarter 2017 production averaged 2,416 boe/d, slightly lower than the fourth quarter 2016 rate of 2,449 and 2017 production guidance of 2,500 boe/d.

    February 12, 2018, 5:53 AM MST

  • Crew Outlines Capital Plans For The Coming Year

    Crew Energy Inc. announced an $80 million to $85 million capital budget focused on advancing its long-term plan to diversify market access and increase condensate volumes while positioning the company to maintain production volumes in 2019 based on forward curve pricing.

    February 9, 2018, 7:19 AM MST

  • Kelt Production, Reserves Climb

    Kelt Exploration Ltd. achieved a record high calendar year average production in 2017 of 22,130 boe/d, up six per cent from average production of 20,947 boe/d per day in 2016.

    February 8, 2018, 7:50 AM MST

  • Bonterra Reports Reserves Increase

    Bonterra Energy Corp. increased proved plus probable (2P) reserves by five per cent to 99.8 million boe (70 per cent oil and liquids) for 2017 and total proved reserves by six per cent to 78.6 million boe (70 per cent oil and liquids).

    February 8, 2018, 6 AM MST

  • Exxon’s Reserves Jump 19 Per Cent On Growth In U.S. Shale, UAE

    February 8, 2018, 9:49 AM MST

  • Bonavista 2P Reserves Climb

    Bonavista Energy Corporation replaced 189 per cent of 2017 production with the addition of 49.8 million boe of proved plus probable reserves.

    February 1, 2018, 3:39 AM MST

  • Construction Of Onion Lake Phase 2 Expansion Ahead Of Schedule: BlackPearl

    Construction of the Phase 2 expansion of BlackPearl Resources Inc.’s Onion Lake thermal project is ahead of schedule and within budget, the company said Tuesday.

    January 31, 2018, 6 AM MST

  • Prairie Provident Outlines $26 Million Capital Budget For 2018

    Prairie Provident Resources Inc. announced this morning a 2018 capital budget of $26 million, expected to generate average full-year production between 5,200 to 5,600 boe per day.

    January 29, 2018, 5:12 AM MST

  • Proved, 2P Reserves Down For TransGlobe

    TransGlobe Energy Corporation reported total proved (1P) gross reserves of 27.6 million boe (year-end 2016: 29.9 million boe) representing a 2.3 million boe or eight per cent decrease from year-end 2016 primarily due to production of 5.7 million boe during the year, partially offset by 3.4 million boe of positive net revisions.

    January 29, 2018, 4:05 AM MST

  • B.C. OGC Releases Reserves Report; Shows Decline In Raw Gas Reserves

    As of Dec. 31, 2016, British Columbia’s remaining raw gas reserves were 52.5 tcf, a 1.2 per cent decrease from the 2015 remaining reserves.

    January 2, 2018, 6:52 AM MST

  • Eni Raises Mexico Estimates After Wrapping Up Drilling Campaign

    December 12, 2017, 9:33 AM MST

  • Sproule Report On Bourque Updated: Pieridae

    Pieridae Energy Limited says a report prepared by Sproule Associates Limited for its Bourque property has been updated.

    November 24, 2017, 4:02 AM MST

  • Osum Moving Forward With Expansion At Orion, Announces Closing Of Royalty Sale

    Osum Oil Sands Corp. has approved the start of the Phase 2B expansion at its Orion thermal project.

    October 2, 2017, 11:24 AM MDT

  • Saturn Reports Lucky Hills, Flaxcombe Reserves

    A reserves report of Saskatoon-based Saturn Oil + Gas Inc.’s Lucky Hills Viking and Flaxcombe Success heavy oil assets in Saskatchewan has estimated 307,000 net bbls of proved plus probable reserves, the company has reported.

    October 2, 2017, 9:27 AM MDT

  • Daily Infographic: Duvernay Shale In Alberta Has Significant Potential For Oil And Natural Gas

    The National Energy Board (NEB), using geology and in-place hydrocarbon information determined by the Alberta Geological Survey, provided estimates of the Duvernay’s marketable resources.

    September 28, 2017, 6 AM MDT

  • NEB Study Targets Marketable Resources Of Alberta Duvernay

    A new resource assessment of the Duvernay shale formation in west-central Alberta adds significant quantities of marketable light oil resources in the province as well as natural gas and natural gas liquids.

    September 26, 2017, 9:59 AM MDT