BOE Report

Parallax Energy announces commitment from Carnelian Energy Capital

CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Parallax Energy, L.P. (“Parallax”) today announced the closing of an equity commitment from investment funds managed by Carnelian Energy Capital Management, L.P. (“Carnelian”). Headquartered in Calgary, Parallax is pursuing an acquisition and development strategy in Canada. Parallax is led by Dustin Hoffman and Dan van Kessel, who most recently led Pipestone Energy until its merger with Strathcona Resources. Prior to Pipestone, Hoffman held [Read more]

NuVista Energy Ltd. announces record quarterly production and record return of capital to shareholders

CALGARY, Alberta, Jan. 11, 2024 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce record-setting quarterly production and share repurchases in the fourth quarter of 2023. Production for the quarter ended December 31, 2023 achieved a new record for NuVista, reaching a field-estimated 85,900 Boe/d, well above our fourth quarter guidance range of 82,000 – 84,000 Boe/d. This production included approximately 31% condensate, 9% NGLs, and 60% [Read more]

Shell fourth quarter 2023 update note

The following is an update to the fourth quarter 2023 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2023 results and are subject to finalisation of those results, which are scheduled to be published on February 1, 2024. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for previous quarter historical data. Integrated Gas $ billions Q4’23 [Read more]

Precision Drilling meets 2023 debt repayment and share repurchase targets and provides capital allocation, financial and operational updates

CALGARY, Alberta, Jan. 05, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to [Read more]

Prospera Energy Inc. exceeds 2023 year-end target with 2,200 Boepd capability leading to robust 2024 development outlook

CALGARY, Alberta, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). 2023 was a highly successful year for the restructured Prospera Energy Inc. PEI drilled, completed and tied-in nine horizontal wells in heavy oil reservoir with initial production rates exceeding expectations at 100+bpd per well. The ninth well was rig released on December 24th and was brought online on December 28th. In [Read more]

Petrus Resources announces monthly activity update

CALGARY, Alberta, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]

Precision Drilling Corporation 2023 fourth quarter and year-end results conference call and webcast

CALGARY, Alberta, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 fourth quarter and year-end results before the market opens on Tuesday, February 6, 2024, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask [Read more]

Razor Energy Corp. confirms continued production impact

CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor”) (TSXV: RZE) advises that, as a result of ongoing disputes with the operator of the Judy Creek Gas Plant, the operator continues to restrict access and will not process Razor’s Swan Hills natural gas production. As indicated in Razor’s press release on December 27, 2023, effective December 24th, 2023, a significant portion of Razor’s production was shut-in indefinitely. Management continues to estimate that [Read more]

International Petroleum Corporation announces results of Normal Course Issuer Bid and updated share capital

TORONTO, Dec. 29, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 512,400 IPC common shares (ISIN: CA46016U1084) during the period of December 18 to 29, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and [Read more]

Razor Energy Corp. provides update and production impact

CALGARY, Alberta, Dec. 27, 2023 (GLOBE NEWSWIRE) --  Razor Energy Corp. ("Razor”) (TSXV: RZE) advises that, as a result of financial disputes with the operator of the Judy Creek Gas Plant, the operator has restricted access and has ceased processing Razor’s Swan Hills natural gas production. Effective December 24th, 2023, a significant portion of Razor’s production has been shut-in indefinitely. At this time management estimates approximately 1,110 boepd, including 626 bblpd of light oil and [Read more]