BOE Report

Yangarra Announces First Quarter 2019 Financial and Operating Results

CALGARY, May 8, 2019 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2019. First Quarter Highlights Average production of 11,956 boe/d (52% liquids) during the quarter, a decrease of 2% from the fourth quarter of 2018 and a 59% increase from the same period in 2018. Oil and gas sales were $39.9 million, an increase of 34% from the same period in 2018. Funds flow from [Read more]

Perpetual Energy Inc. reports first quarter 2019 financial and operating results

CALGARY, May 8, 2019 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its first quarter 2019 financial and operating results. Highlights from the quarter include: Heavy oil production in Eastern Alberta grew 30% relative to the prior year first quarter, driven by positive results from heavy oil focused drilling and waterflood investment during the second half of 2018. Perpetual's market diversification strategy delivered [Read more]

Paramount Resources Ltd. Reports First Quarter 2019 Results: Adjusted Funds Flow of $100.5 million, Sales Volumes Average 81,296 Boe/d

CALGARY, May 8, 2019 /CNW/ - OIL AND GAS OPERATIONS Sales volumes averaged 81,296 Boe/d (37 percent liquids) in the first quarter of 2019. Paramount's netback increased 61 percent to $115.7 million in the first quarter of 2019 compared to $72.0 million in the fourth quarter of 2018, mainly due to a 26 percent average increase in realized prices. The liquids-rich Karr development accounted for $52.8 million (46 percent) of the Company's total netback in the first quarter. [Read more]

Journey Energy Inc. Reports First Quarter 2019 Results

CALGARY, May 7, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the first quarter of 2019.  The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and year-to-date are as follows: Achieved a production level of 9,330 boe/d in the [Read more]

Perpetual Energy Inc. Announces Senior Note Refinancing

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICE/ CALGARY, May 7, 2019 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce the early redemption of all of the $14.6 million aggregate principal amount of 8.75% senior notes maturing July 23, 2019 (the "2019 Senior Notes") effective June 11, 2019 (the "Redemption Date"). The redemption amount will be either: CDN $1,000 for each $1,000 principal amount of 2019 Senior Notes [Read more]

TORC Oil & Gas Ltd. Announces First Quarter 2019 Financial & Operating Results; Increase to 2019 Production Guidance and Increase to the Dividend

CALGARY, May 7, 2019 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three months ended March 31, 2019.  The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2019 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in thousands, except per share [Read more]

Bonterra Energy Corp. Announces First Quarter 2019 Financial and Operational Results

CALGARY, May 6, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its operating and financial results as at and for the three months ended March 31, 2019.  The related unaudited condensed financial statements and notes, as well as management's discussion and analysis ("MD&A"), are available on SEDAR at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. HIGHLIGHTS As at and for the three [Read more]

Surge Energy Inc. Announces 2019 First Quarter Results; Record Production

CALGARY, May 6, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. MESSAGE TO THE SHAREHOLDERS Q1/19 was a solid "recovery" quarter for Surge, as the extremely weak Q4/18 Canadian crude oil pricing fundamentals quickly turned positive during the period. With crude oil prices averaging US $54.90 per bbl, Surge's cash flow from operating activities increased eight percent as [Read more]

Connacher Oil and Gas Limited Announces Amended and Restated Support Agreement with Consenting First Lien Lenders and CCAA Plan of Compromise and Arrangement

CALGARY, May 6, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that it has entered into an Amended and Restated Support Agreement (the "Amended and Restated Support Agreement") with certain first lien lenders (the "Consenting First Lien Lenders") holding in excess of 75% of the principal amount of debt outstanding under the First Lien Credit Agreement dated as of May 23, 2014 (as amended) (the "First Lien Credit Agreement") and Wilmington Trust, [Read more]

MEG Energy reports strong adjusted funds flow in first quarter 2019

All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, May 6, 2019 /CNW/ - MEG Energy Corp. ("MEG") reported its first quarter 2019 operational and financial results. Highlights include: Bitumen production volumes of 87,113 barrels per day (bbls/d) at a steam-oil-ratio (SOR) of 2.2, reflecting continued Alberta-wide mandated curtailments on MEG's production capacity of 100,000 bbls/d; Delivery of 31% of sales volumes to the U.S. Gulf Coast ("USGC") market [Read more]