BOE Report

Pipestone Energy Corp. reports first quarter 2022 results and provides an operations update

CALGARY, Alberta - (TSX:PIPE) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its first quarter 2022 financial and operational results, and to provide an update on its operations, including the encouraging early results from the flowback of its 12-36 eastern exploration well. FIRST QUARTER 2022 CORPORATE HIGHLIGHTS: The Company generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12% increase [Read more]

InPlay Oil Corp. announces first quarter 2022 financial and operating results highlighted by record quarterly production and financial results

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its record setting financial and operating results for the three months ended March 31, 2022, our first full quarter incorporating the acquisition of Prairie Storm Resources Corp. (“Prairie Storm”). InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2022 will be available at [Read more]

Athabasca Oil Announces 2022 first quarter results including record $44 million free cash flow, $110 million in debt redemptions and releases its annual ESG Report

CALGARY, Alberta -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 first quarter results with record Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q1 Corporate Highlights Production above Guidance: 34,679 boe/d (92% Liquids) consisting of 27,909 bbl/d in Thermal Oil and 6,770 boe/d (57% Liquids) [Read more]

Cenovus announces shareholder returns plan, triples dividend

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further increasing shareholder returns on the strength of its balance sheet and ongoing reliability of its operating performance. The company’s Board of Directors has approved tripling the base dividend starting with the second quarter of 2022, as well as a plan for additional increases to shareholder returns. Beyond the base dividend increase, Cenovus will target to return 50% of quarterly excess free funds flow to shareholders [Read more]

TC Energy eyes Crossfield site for low-carbon hydrogen production hub

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) together with the insight and involvement of our partner Nikola Corporation (Nasdaq: NKLA), is evaluating its plan for a hydrogen production hub on 140 acres in Crossfield, Alberta, where the Company operates a natural gas storage facility. The plan will be highlighted during the first-ever Canadian Hydrogen Convention in Edmonton, Alberta. TC Energy expects a final investment decision by the end of 2023; the [Read more]

TC Energy and GreenGasUSA announce strategic collaboration for development of renewable natural gas transportation hubs

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy), a leading North American energy infrastructure company, and GreenGasUSA, an owner and operator of renewable natural gas (RNG) value chain critical assets, have announced a strategic collaboration to explore development of a network of natural gas transportation hubs, including RNG. These transportation hubs would provide centralized access to existing energy transportation infrastructure for renewable natural gas sources, such as farms, [Read more]

Notice of 2022 annual general meeting and Shell’s Energy Transition progress report – Correction

NOTICE OF 2022 ANNUAL GENERAL MEETING AND SHELL’S ENERGY TRANSITION PROGRESS REPORT - CORRECTION This is a restatement of the announcement published at 09:00 on April 20, 2022. The “Investments and Returns” section and “2021 delivery and outlook” table is being re-presented due to a transposition error. The earlier announcement published at 9am on April 20, 2022 stated that investment returns in Integrated Gas were 10-15% and Chemicals and Products were 14-18%. However, this should have [Read more]

Crew Energy Provides operational update highlighted by record Q1 2022 production and strong well results

CALGARY, Alberta - Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company") is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia. The Company is pleased to announce that we have established a new record production rate in Q1 2022, and strong condensate rates from our latest completion program, setting the stage to deliver greater than 20% production per share growth and an enhanced financial position. [Read more]

Cenovus to hold first-quarter conference call and webcast; virtual annual meeting of shareholders on April 27

CALGARY, Alberta - Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter results on Wednesday, April 27. The news release will provide consolidated first-quarter operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To listen live: Dial 888-204-4368 (toll-free in North America) or 647-794-4605. Access the live audio webcast here. Annual Meeting of [Read more]

Notice of 2022 AGM and Shell’s Energy Transition Progress Report

NOTICE OF 2022 ANNUAL GENERAL MEETING AND SHELL’S ENERGY TRANSITION PROGRESS REPORT - CORRECTION This is a restatement of the announcement published at 09:00 on April 20, 2022. The “Investments and Returns” section and “2021 delivery and outlook” table is being re-presented due to a transposition error. The earlier announcement published at 9am on April 20, 2022 stated that investment returns in Integrated Gas were 10-15% and Chemicals and Products were 14-18%. However, this should have [Read more]