BOE Report

Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan

CALGARY, AB, July 29, 2021 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report its second quarter 2021 results including record production of 50,011 boe/d, a significant increase in free cash flow(a) and accelerated debt reduction. Production from the winter drilling program continued to exceed expectations while gas prices remained elevated during the quarter, with the payout of new wells averaging 8 months from the on-stream date.  Production was relatively [Read more]

Topaz Energy Corp. announces second quarter 2021 financial results which includes 52% per share FCF growth, declares $0.21 per share quarterly dividend and provides increased 2021 guidance estimates

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce financial results for the second quarter of 2021 and increased 2021 guidance estimates incorporating acquisition activity. Capital allocation strategy Topaz's hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure.  Through execution of the Company's acquisition growth strategy, Topaz has doubled its second quarter [Read more]

ARC Resources Ltd. reports second quarter 2021 results and announces dividend increase of 10 per cent

CALGARY, AB -  (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its second quarter 2021 financial and operational results. SECOND QUARTER 2021 HIGHLIGHTS ARC successfully closed the strategic Montney combination with Seven Generations Energy Ltd. ("Seven Generations") on April 6, 2021 (the "Business Combination"), to become the largest pure-play Montney producer, and remains well on track to deliver annual synergies of $160 million for 2022. ARC's board of [Read more]

Surge Energy Inc. announces second quarter financial & operating results

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2021. MESSAGE TO SHAREHOLDERS Improving Macro Environment for Oil Demand for crude oil continues to recover from the dramatic plunge caused by the COVID-19 pandemic in 2020. The recovery, combined with historical reductions in capital spending on world-wide oil projects, has resulted in a very tight physical market for oil, [Read more]

Gear Energy Ltd. announces second quarter 2021 operating results

CALGARY, AB - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is providing the following second quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Six months ended (Cdn$ thousands, except per [Read more]

AltaGas announces strong second quarter results

Operating Performance Reflects AltaGas' Continued Focus on Optimizing the Platform to Generate Strong Value Creation and Drive Better Outcomes for all Stakeholders CALGARY - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported second quarter 2021 financial results and provided an update on the Company's operations. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EPS1 of $0.08 in Q2 2021 compared to $0.06 in [Read more]

Tourmaline’s second quarter 2021 delivers record free cash flow

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the second quarter of 2021.   HIGHLIGHTS Second quarter 2021 cash flow(1) of $1.89 per diluted share, record free cash flow(2) of $343.9 million, and average production of 410,339 boepd, exceeding the high end of expectations despite challenging operating conditions in June's heat wave. The updated five-year plan, at current strip [Read more]

Yangarra announces 2021 second quarter financial and operating results

CALGARY, AB - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its financial and operating results for the three and six months ended June 30, 2021. Second Quarter Highlights Average production of 8,205 boe/d (46% liquids) during the quarter, a 17% decrease from the same period in 2020 Oil and gas sales were $28.5 million, an increase of 75% from the same period in 2020 Funds flow from operations of $17.2 million ($0.20 per share – basic), an increase of [Read more]

Inter Pipeline Board recommends acceptance of revised Brookfield offer

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) today announced that its Board of Directors ("Board") is recommending acceptance of the revised takeover offer filed on July 19, 2021 (the "Revised Brookfield Offer") from an affiliate of Brookfield Infrastructure Partners L.P. ("Brookfield") in light of the termination of the Pembina Arrangement (defined below). The recommendation follows consultation with legal and financial advisors and a recommendation of [Read more]

Crescent Point announces Q2 2021 results and upwardly revises 2021 production guidance

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2021. KEY HIGHLIGHTS  Successfully closed the acquisition of Kaybob Duvernay assets and disposition of southeast Saskatchewan conventional assets, both as previously announced, further enhancing the Company's balance sheet strength and sustainability. Reduced net debtŦ by approximately $360 [Read more]