BOE Report

Crescent Point transforms portfolio with strategic Alberta Montney consolidation

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce that it has entered into an arrangement agreement (the “Agreement”) to acquire Hammerhead Energy Inc. (“Hammerhead”), an oil and liquids-rich Alberta Montney producer, for total consideration of approximately $2.55 billion, including approximately $455 million in assumed net debt, consisting of cash and common shares of the Company (the [Read more]

Cenovus announces 2023 third-quarter results

CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered safe, reliable operations and strong financial performance in the third quarter of 2023. The company generated $2.7 billion in cash from operating activities, $3.4 billion in adjusted funds flow and $2.4 billion in free funds flow in the quarter. Total upstream production was 797,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput averaged over 664,000 barrels per day [Read more]

Athabasca Oil announces 2023 third quarter results with record Adjusted Funds Flow, Free Cash Flow and Leismer production along with continued share buybacks

CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter results highlighted by record Adjusted Funds Flow and Free Cash Flow, operational momentum at Leismer and execution on its return of capital commitment through share repurchases. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q3 2023 and [Read more]

Prospera Energy announces Q3 2023 financials with first closing of debt financing

CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A: FRA) In Q3 2023, Prospera was steadily recovering production rates that had been impacted by adverse weather in earlier quarters. During Q3 PEI attained gross peak rates of 770+ boe/d, with another 350 boe/d behind the pipe to be optimized. Meanwhile, phase 2 development drilling commenced in Q3, and this horizontal drilling program required the temporary shut-in of [Read more]

International Petroleum Corporation announces results of normal course issuer bid and updated share capital

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 116,500 IPC common shares (ISIN: CA46016U1084) during the period of October 23 to 31, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and [Read more]

International Petroleum Corporation third quarter 2023 financial and operational results; share repurchase program update; and Chief Executive Officer succession

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2023. Mike Nicholson, IPC's Chief Executive Officer, comments: “We are very pleased to announce another strong quarter for IPC. We produced an average of 50,200 barrels of oil equivalent per day (boepd) during the third quarter. Given the [Read more]

Prairie Provident Resources announces strategic asset sales

CALGARY, Alberta, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into a definitive agreement with a private oil and gas company to sell the Company's Evi cash-generating unit located in northern Alberta for a base purchase price of $27.0 million payable in cash, subject to effective date adjustments based on an effective date of August 1, 2023 (the “Evi Sale“). Upon completion of the Evi Sale, [Read more]

Petrus Resources announces monthly activity update

CALGARY, Alberta, Oct. 26, 2023 (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]

International Petroleum Corporation to release third quarter 2023 financial and operating results on October 31, 2023

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and nine months ended September 30, 2023 on Tuesday, October 31, 2023 at 07:30 CET, followed by a live webcast at 09:00 CET. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the third quarter 2023 financial and operating results and the latest developments from IPC. Follow the [Read more]

Cenovus to hold third-quarter conference call and webcast

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 8 a.m. MT (10 a.m. ET)  To join the conference call without operator assistance, please register here approximately 5 minutes in [Read more]