BOE Report

Freehold Royalties Ltd. declares dividend for February 2024

CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on March 15, 2024 to shareholders of record on February 29, 2024. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in [Read more]

Cenovus announces fourth-quarter and full-year 2023 results

CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver strong operational performance across the portfolio in the fourth quarter of 2023. The company's upstream assets performed exceptionally well, achieving the second-highest quarterly production rates in Cenovus’s history. In its downstream business, the company continued to build operating momentum at its wholly-owned refineries. Upstream and downstream results were negatively [Read more]

Birchcliff Energy Ltd. announces unaudited 2023 full-year and fourth quarter results and 2023 reserves highlights

CALGARY, Alberta, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2023 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2023. “In 2023, we delivered annual average production of 75,699 boe/d and adjusted funds flow(1) of $306.8 million and returned $224.8 million to shareholders through common share dividends [Read more]

PrairieSky announces fourth quarter and year-end results for 2023, including record oil royalty production, strong leasing activity and increased annual dividend

CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its fourth quarter ("Q4 2023") and year-end operating and financial results for the period ended December 31, 2023. PrairieSky is also pleased to announce a 4% increase in its annual dividend to $1.00 per common share ($0.25 per common share quarterly). Fourth Quarter Highlights Quarterly average royalty production volumes of 25,608 BOE per day, [Read more]

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. The combination will create a premier Permian independent operator. The transaction consideration will consist of [Read more]

Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15

CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news release will provide consolidated fourth-quarter and full-year operating and financial information. The company’s quarterly and 2023 financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call without operator assistance, [Read more]

Crew Energy announces 2023 reserves, 2024 capital budget and guidance

CALGARY, Alberta, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce the results of our year-end 2023 independent reserves evaluation along with our 2024 capital expenditure budget and guidance. Crew’s 2024 budget builds on the success of our 2023 drilling program, efficient execution and asset [Read more]

Pieridae to hold conference call and webcast to discuss fourth quarter and year-end 2023 results

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) will release its financial and operating results for the 2023 fourth quarter and year-end, on Wednesday, March 20, 2024, after markets close. President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company [Read more]

Transformed & restructured Prospera transitioning to profitability in 2024

CALGARY, Alberta, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE) Since 2021 Q1, Restructured Prospera has methodically executed the planned development phases and attained drilling results exceeding expectations and substantiating the technical and economical applications. The nine heavy oil horizontal drills and one medium light oil deviated well delivered initial production exceeding the [Read more]

Equinor fourth quarter and full year 2023 results

Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter of 2023. Net operating income was USD 8.75 billion and net income was USD 2.61 billion. The fourth quarter and full year were characterised by: Strong financial performance 2.1% production growth in 2023 Continued optimising of oil and gas portfolio, sanctioning projects for future growth Growth in onshore renewables power production and portfolio [Read more]