BOE Report

Baytex Announces 2026 Budget, Three-Year Outlook, Executive Appointment, and Board of Director Changes

Calgary, Alberta--(Newsfile Corp. - December 22, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") is pleased to announce its 2026 budget, three-year outlook, executive appointment and Board of Director changes. Highlights 2026 capital budget of $550 to $625 million, targeting 3% to 5% production growth and prioritizing meaningful shareholder returns Improved sustaining breakeven price(1) of US$52/bbl and strong liquidity position Significant portion of [Read more]

Baytex Closes U.S. Eagle Ford Sale

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") today announced that it has closed the sale of its U.S. Eagle Ford Assets for net proceeds of US$2.14 billion (approximately $2.96 billion in Canadian dollars) after closing adjustments. This strategic divestiture significantly strengthens Baytex's financial position and sharpens its focus on a high-return Canadian energy platform, positioning the Company for [Read more]

Greenfire Resources Announces Closing of Rights Offering and Refinancing Initiatives

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced refinancing initiatives (the "Refinancing Initiatives"). The Refinancing Initiatives included a C$300.0 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. [Read more]

Tuktu Resources Ltd. Announces Mailing of Management Proxy Materials for Requisitioned Meeting

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, announces the mailing of proxy materials pertaining to the special meeting (the "Meeting") of the Company's shareholders ("Shareholders") in response to a requisition (the "Requisition") from certain shareholders (the "Dissident Group"), as noted in Tuktu's press releases dated October 23, 2025 and November 10, 2025. The [Read more]

Lycos Energy Inc. Announces Retirement of Kel Johnston from Board

Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") announces that Mr. Kel Johnston will retire from his role as a director on the Company's Board of Directors, effective December 31, 2025. Mr. Johnston has served on the Board since 2018 under the Company's predecessor, Chronos Resources Ltd., and continued his service through the Company's transition to Lycos. The Board and management would like to thank Mr. Johnston for his many [Read more]

Tenaz Energy Corp. Announces 2026 Guidance

CALGARY, ALBERTA--(Newsfile Corp. - December 17, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce its 2026 production and capital guidance. Our Board of Directors has approved a capital expenditure budget of $250 to $275 million. Production guidance for 2026 is 19,500 to 22,500 boe/d1, reflecting year-over-year production growth (at mid-point of guidance) of approximately 115% from 2025. 2026 Guidance Average production [Read more]

Saturn Oil & Gas Inc. Announces 2026 Capital Budget and Guidance Designed to Optimize Free Funds Flow, Continue Debt Repayment and Preserve Long-Term Value

Disciplined $180 to $190 million development capital budget retains flexibility and targets quick payback opportunities Forecast average production of 39,000 to 41,000 boe/d, with ability to quickly ramp up capital and volumes should prices strengthen Free funds flow allocated to debt repayment and share buybacks, with forecast free funds flow yield of 25% to 35% Up to 1/3 of total development capital allocated to high-return, rapid payback open hole multi-lateral ("OHML") drilling [Read more]

Greenfire Resources Announces Preliminary Results for Rights Offering

Calgary, Alberta--(Newsfile Corp. - December 17, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced preliminary results of its C$300 million rights offering, which expired at 4:00 p.m. (Calgary time) on December 16, 2025 (the "expiration date"). Upon closing of the rights offering, the Company expects to issue 55,147,058 common shares, representing the maximum number of common shares available under the rights offering, without reliance on the [Read more]

Canadian Natural Resources Limited Announces 2026 Budget

Calgary, Alberta--(Newsfile Corp. - December 16, 2025) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's 2026 budget, "Our 2026 budget is anchored around our unparalleled assets, execution, and resilience, which positions Canadian Natural as one of the most reliable and value-driven independents in our industry. Our low cost, long life low decline asset base allows Canadian Natural to maintain a strong balance sheet through commodity price cycles [Read more]

Hemisphere Energy Grants Incentive Restricted Share Units and Stock Options

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces that its Board of Directors has approved grants of incentive restricted share units ("RSU") and stock options. Restricted Share Units Under the Company's Restricted Share Unit Plan (the "Plan"), RSUs may be granted to directors, employees, and contractors of the Company. At the discretion of the Company's Board of [Read more]