BOE Report

Prairie Provident Announces Spud of Basal Quartz Horizontal Well

CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in [Read more]

Cenovus Energy announces redemption of Series 5 Preferred Shares

CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company’s 4.591% Series 5 Preferred Shares (the “Series 5 Preferred Shares”) on March 31, 2025 (the “Redemption”). All 8 million Series 5 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $200 million, less required withholdings, if any, [Read more]

Cardinal Energy Ltd. Announces $40 Million Bought Deal Offering of Senior Subordinated Unsecured Debentures

    CALGARY, Alberta, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets, RBC Capital Markets and ATB Capital Markets, with CIBC Capital Markets and RBC Capital Markets acting as joint-bookrunners, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought [Read more]

Letter to Stockholders Issued by Diamondback Energy, Inc.

MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most transformational year [Read more]

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2024 Financial and Operating Results; Increases Base Dividend

MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Average production of 475.9 MBO/d (883.4 MBOE/d) Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.3 billion Cash capital [Read more]

Gran Tierra Energy Inc. Announces 2024 Fourth Quarter & Year-End Results

Record Fourth Quarter Production of 41,009 BOEPD Realized 2024 Net Income of $3 Million ($0.10 per Share, Basic) and 2024 Adjusted EBITDA1 of $367 Million Delivered Net Cash Provided by Operating Activities of $239.3 million, up 5% from 2023 Generated 2024 Funds Flow from Operations1 of $225 Million and Achieved 2024 Average Working Interest Production of 34,710 BOEPD, up 6% from 2023 Sixth Consecutive Year of 1P Total Company Reserves Growth Highest Year-End Total Company [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 218,956 IPC common shares (ISIN: CA46016U1084) during the period of February 17 to 21, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB).  IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]

Prospera Energy Inc. Announces 2024 Year-End-Reserves

CALGARY, Alberta, Feb. 22, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", “PEI” or the "Corporation") Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) ("Prospera," "PEI," or the "Corporation") is pleased to announce its 2024 year-end reserves, highlighting significant growth in Proven Developed Producing (“PDP”) and Total Proved plus Probable (“2P”) reserves. The reserves and future net revenue of the Corporation were prepared by InSite Petroleum Consultants [Read more]

Peyto Delivers Record Reserves Results in 2024

CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2024. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. ("GLJ"). The year 2024 marks the Company’s 26th year of successful reserves development. Peyto’s 2024 capital program marks the first full year of drilling [Read more]

Diamondback Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team and Board of Directors

Travis D. Stice to step down as Chief Executive Officer, effective as of the Company’s 2025 Annual Meeting of Stockholders; will remain as Executive Chairman through the Company’s 2026 Annual Meeting of Stockholders Kaes Van’t Hof, current President, will assume Chief Executive Officer role and will join the Board of Directors effective as of the Company’s 2025 Annual Meeting of Stockholders Jere W. Thompson III, current Executive Vice President of Strategy and Corporate Development, has [Read more]