Reserves

  • Prairie Provident 2P Reserves Rise

    Prairie Provident Resources Inc. boosted its proved plus probable reserves for 2019.

    February 3, 2020, 9:25 AM MST

  • Zargon Q4 Output Down From Previous Year

    Zargon Oil & Gas Ltd. reported fourth quarter 2019 production averaged 1,746 boe/d a two per cent improvement from the third quarter 2019 rate and a two per cent decline from the fourth quarter rate in 2018.

    January 30, 2020, 5:54 AM MST

  • Baytex Spent At Low End Of Guidance

    Baytex Energy Corp.’s exploration and development expenditures totalled $153 million in Q4 2019, bringing aggregate spending for 2019 to $552 million, which is at the low end of original guidance, the company said Monday in releasing preliminary highlights for 2019.

    January 21, 2020, 8:01 AM MST

  • NL Resource Assessment Identifies Additional 3 Billion Bbls, 5.8 Tcf

    A resource assessment has identified an additional three billion bbls of oil and 5.8 tcf of gas potential offshore Newfoundland.

    October 3, 2019, 11:48 AM MDT

  • Evi Waterflood Expansion Nets Prairie Provident Additional Reserves

    Prairie Provident Resources Inc. says an updated independent reserves evaluation of the company’s interests in three future undeveloped waterflood expansion areas in Evi has added substantial reserves.

    September 19, 2019, 8:40 AM MDT

  • Pengrowth Increases Reserves At Midpoint 2019; Boosts Production For Q2

    Pengrowth Energy Corporation has increased its proved reserves by 34 per cent and proved-plus-probable (2P) reserves by 25 per cent, thanks to strong performance on the company’s Lindbergh thermal oil project, says top brass.

    August 9, 2019, 6 AM MDT

  • Remaining Alberta Bitumen Reserves Pegged At 164 Billion Bbls

    Alberta has 164 billion bbls of remaining established reserves of bitumen after cumulative production of 13.3 billion bbls, says the Alberta Energy Regulator in its latest report ST98: Alberta Energy Outlook.

    June 10, 2019, 11:04 AM MDT

  • Traverse Production Declines, Net Loss Grows

    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

  • PetroShale Reports Increased Production, Earnings And Reserves

    PetroShale Inc.’s production averaged 6,014 boe/d (84 per cent liquids) in the fourth quarter of 2018, which was 184 per cent higher than the same period in 2017.

    April 10, 2019, 11:01 AM MDT

  • Exxon Re-Books Kearl Reserves

    Exxon Mobil Corporation has put the reserves associated with the Kearl oilsands project back on its books.

    April 9, 2019, 6 AM MDT

  • Colombia Asset Acquisition Boosts Arrow’s Reserves

    Arrow Exploration Corp. recorded increases in all categories of reserves at year-end 2018 due primarily to the acquisition of assets in Colombia.

    April 9, 2019, 8:37 AM MDT

  • New Production, Successful Waterflood Help Boost Hemisphere Reserves

    Oil-weighted Hemisphere Energy Corporation increased its proved plus probable reserves by 48 per cent in 2018 to 10.62 million boe based on an independent reserves evaluation effective Dec. 31, 2018.

    March 26, 2019, 10:22 AM MDT

  • 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

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.