BOE Report

Pathways Alliance carbon capture and storage network moves to design stage

CALGARY, Alberta - Engineering and field work is progressing rapidly to support a regulatory application later this year for the Pathways Alliance proposed carbon capture and storage (CCS) network. The project is foundational to the net zero ambitions of Canada’s six largest oil sands companies that make up the Alliance. Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 [Read more]

$20 million in hydrogen funding awarded by the Hydrogen Centre of Excellence

EDMONTON, Alberta - The Alberta Hydrogen Centre of Excellence (HCOE) is awarding $20M to 18 successful projects to advance innovations in hydrogen through its first funding competition. One of the successful projects is the proposed Bremner 100 per cent Hydrogen Community in Strathcona County, Alberta. Together, ATCO and Qualico are studying the logistics, technology requirements and other considerations involved in safely and affordably developing 100 per cent pure hydrogen communities – an [Read more]

International Petroleum Corporation announces results of normal course issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 1,027,700 IPC common shares (ISIN: CA46016U1084) during the period of February 13 to 17, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]

Vital Energy announces appointment of new director

CALGARY, Alberta - Vital Energy Inc. (the "Corporation") announces that effective February 1, 2023, Jeffrey L. Standen has been appointed to the Board of Directors of the Corporation. Mr. Standen is a former founder, officer and director of the Corporation. Mr. Standen brings over 45 years of related industry management expertise to the Corporation. Mr. Standen has also been the founder, officer and director of numerous private and public energy companies during his career, including Canadian [Read more]

Peyto grows reserves and production while reducing debt in 2022

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2022. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. (“GLJ”). The year 2022 marks the Company’s 24th year of successful reserves development. 2022 HIGHLIGHTS Peyto replaced 165%, 159% and 167% of annual production with new Proved Developed Producing, [Read more]

Cenovus announces 2022 full-year and fourth-quarter results

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operating and financial performance in 2022, with $11.4 billion in cash from operating activities, $11.0 billion in adjusted funds flow and $7.3 billion in free funds flow, enabling more than $3.4 billion in shareholder returns. In the fourth quarter, reliable upstream operating performance drove nearly $3.0 billion in cash from operating activities, $2.3 billion in adjusted funds flow and $1.1 billion in free funds [Read more]

Cenovus announces President & Chief Executive Officer succession

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that as part of the company’s leadership succession plan, Alex Pourbaix will shift to the role of Executive Chair and Jon McKenzie, the company’s current Executive Vice-President & Chief Operating Officer, will become President & Chief Executive Officer. These changes will take effect at the conclusion of the company’s annual general meeting (AGM) scheduled for April 26, 2023. At the AGM, McKenzie will be [Read more]

Pipestone Energy Corp. releases its year-end 2022 reserves update, including 32% year-over-year PDP reserves growth, and provides an operations update

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to provide an update on its operations, including record quarterly production and free cash flow(1) and substantial deleveraging during the fourth quarter; and to report its year-end 2022 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”), effective December 31, 2022 (the “McDaniel Report”). Operational results and reserve updates are consistent [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for March 15, 2023

CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to February 2023 of $0.11 per common share is to be paid on March 15, 2023, for shareholders of record on February 28, 2023. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto [Read more]

Birchcliff Energy Ltd. announces unaudited 2022 full-year and fourth quarter results and 2022 reserves highlights

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2022 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2022. “2022 was a record year for all of Birchcliff’s cash flow metrics. We generated record annual adjusted funds flow(1) of $953.7 million, record annual free funds flow(1) of $589.1 million and record annual net income to [Read more]