BOE Report

Veren Announces Q4 & Full Year 2024 Results

CALGARY, AB, Feb. 27, 2025 /CNW/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the fourth quarter and full year ended December 31, 2024.  KEY HIGHLIGHTS Generated significant excess cash flow of $642 million in 2024, through focused development of a high-quality asset base. Returned $386 million, or 60 percent of excess cash flow, to shareholders through dividends and share repurchases. Reduced net debt [Read more]

Ovintiv Reports Fourth Quarter and Year-End 2024 Financial and Operating Results

2024 Non-GAAP Free Cash Flow Up Approximately 50% Year-Over-Year Highlights: Full Year 2024 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $4.0 billion and Non-GAAP Free Cash Flow of $1.7 billion after capital expenditures of $2.3 billion Produced average total volumes of 585 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 91 Mbbls/d of other NGLs (C2 to C4) and 1,698 [Read more]

Vermilion Energy Inc. Announces Closing of the Acquisition of Westbrick Energy Ltd. and Confirms Q4 2024 Release Date and Conference Call Details

CALGARY, AB, Feb. 26, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Westbrick Energy Ltd. ("Westbrick") pursuant to the terms of the previously announced arrangement agreement (the "Arrangement Agreement" or the "Acquisition") dated December 22, 2024. The Acquisition adds stable annual production of 50,000 boe/d(1) (75% gas and 25% liquids) and approximately 1.1 million (770,000 [Read more]

Advantage Announces Ongoing Board Renewal and Upcoming Retirement of its Board Chair

(TSX: AAV) CALGARY, AB, Feb. 25, 2025 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") announces that as part of its ongoing Board of Directors (the "Board") renewal process, Mr. Stephen Balog, the current Chair of the Board and director of the Corporation will be retiring from the Board at the Corporation's next annual general meeting of shareholders. Replacing Mr. Balog as Chair of the Board will be Mr. John Festival, who has been a director of Advantage since March 12, [Read more]

Tamarack Valley Energy Achieves Record Funds Flow in 2024 & Provides Operational Update

TSX: TVE CALGARY, AB, Feb. 25, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce its financial and operating results for the three months and year ended December 31, 2024. Selected financial and operating information should be read with Tamarack's audited annual consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and twelve months ended December 31, 2024, and the Company's Annual [Read more]

Topaz announces fourth quarter 2024 results including record 2024 liquids production & operator-funded reserves replacement and provides 2025 guidance estimates

CALGARY, AB, Feb. 24, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2024 financial results and announce the Company's 2025 guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz's consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the three months and year ended December 31, 2024, which are available on SEDAR+ [Read more]

Government of Canada Celebrates Launch of the $5-Billion Indigenous Loan Guarantee Program

NORTH VANCOUVER, BC, Feb. 21, 2025 /CNW/ - Indigenous Peoples, communities and businesses are building a more sustainable and resilient natural resource sector in Canada. The Government of Canada is supporting Indigenous participation in the natural resource economy, helping to eliminate historic barriers and open doors for Indigenous groups to share in the economic benefits of resource and energy development. Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, [Read more]

Shell to grow working interest in the Ursa platform in Gulf of America

HOUSTON, Feb. 21, 2025 /CNW/ -- Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell's working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, following an agreement to acquire 15.96% WI from ConocoPhillips Company (COP). This targeted investment is the latest [Read more]

Clearview Resources Ltd. announces a distribution to shareholders

CALGARY, AB, Feb. 21, 2025 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to provide the following corporate update. SPECIAL MEETING OF SHAREHOLDERS AND ANNOUNCEMENT OF DISTRIBUTION Clearview is pleased to announce the results of its special meeting of shareholders, which was held on February 20, 2025. Shareholders voted in favour of the resolution approving a reduction in the stated capital account of the common shares by an aggregate amount of [Read more]

SECURE announces 2024 fourth quarter and year-end results

Achieved Adjusted EBITDA1 of $117 million ($0.50/basic share1) in the fourth quarter and $490 million Adjusted EBITDA in 2024 ($1.92/basic share), the top end of the guidance provided Repurchased $657 million common shares at an average price of $11.47 in 2024, reducing shares outstanding by 19% Reiterating 2025 Adjusted EBITDA guidance of $510 - $540 million, with the mid-point reflecting a 10% increase over 2024 pro forma CALGARY, AB, Feb. 21, 2025 /CNW/ - SECURE Waste Infrastructure [Read more]