BOE Report

Pieridae releases Q2 2021 results

Key Highlights: Natural gas production of 194 mmcf/day in the quarter Total production of 38,404 boe/day Petroleum and natural gas revenue of $71.4 million, an increase of $17.1 million or 32% compared to the same quarter in 2020 Cash flow from operations of $12.1 million Net Operating Income1 (“NOI”) of $14.4 million and Adjusted Funds Flow From Operations1 (“AFFO”) of $8.5 million Delivered our inaugural ESG report in late June 2021, anchored by our commitment of net zero [Read more]

Peyto reports second quarter 2021 results

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the second quarter of the 2021 fiscal year. A 59% Operating Margin (1) and a 9% Profit Margin (2) in the quarter delivered a 6% Return on Capital and a 6% Return on Equity, on a trailing twelve-month basis. Highlights for the quarter included: Funds from operations per share up 149%. Generated $82 million in Funds from Operations (“FFO”) in Q2 [Read more]

Birchcliff Energy Ltd. announces increased 2021 adjusted funds flow and free funds flow guidance, reduced total debt guidance and Q2 2021 financial and operational results

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is proud to announce its financial and operational results for the three and six months ended June 30, 2021. “Birchcliff had an excellent second quarter in 2021, with solid average production of 75,265 boe/d which resulted in $90.2 million of adjusted funds flow(1), a 315% increase from Q2 2020. Our average production in July exceeded 85,000 boe/d(2) based on field estimates and we are on track to meet [Read more]

InPlay Oil Corp. announces second quarter 2021 financial and operating results highlighted by record production and increased production and funds flow guidance

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2021 will be available at www.sedar.com and our website at www.inplayoil.com. Second Quarter 2021 Financial & Operating [Read more]

Pipestone Energy Corp. reports record second quarter 2021 results and provides an operations update

CALGARY, Alberta - (PIPE – TSX) -- Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q2 2021 financial and operational results, as well as provide an update on its operations. During Q2 2021, Pipestone delivered record quarterly production and cash flow, underpinned by the continued efficient execution of its organic development program. The Company remains on track to generate free cash flow beginning in Q4 2021, with forecast annual free cash flow of $95 million [Read more]

Freehold Royalties Ltd. announces second quarter 2021 results, three value enhancing acquisitions and increases dividend by 25%

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2021. Operating and Financial Highlights Three Months Ended June 30 Six Months Ended June 30 FINANCIAL ($000s, except as noted) 2021 2020 Change 2021 2020 Change Royalty and other revenue 44,925 14,758 204 % 81,670 41,042 99 % Net income [Read more]

TransGlobe Energy Corporation announces second quarter 2021 financial and operating results for the three and six months ended June 30, 2021

AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. All dollar values are expressed in [Read more]

Crew Energy Inc. announces second quarter 2021 results highlighted by a 451% increase in adjusted funds flow, updated 2021 guidance and release of inaugural ESG report

CALGARY, Alberta - Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2021, and the release of our inaugural Environmental, Social and Governance (“ESG”) Report. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2021 are available on Crew’s newly designed website at www.crewenergy.com [Read more]

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three and six months ended June 30, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development.   This was a successful quarter for NuVista, with results that included the continued ramp-up of production in the new Pipestone North compressor station facility, the completion [Read more]

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has entered into a definitive agreement to acquire certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 million cash, subject to certain closing adjustments (the “Acquisition”). The Assets consist of Swan Hills Unit No. 1 (the “Unit”), Judy Creek Gas Plant (the “Plant”) and South Swan Hills Unit Gas Gathering [Read more]