BOE Report

Obsidian Energy Announces Fourth Quarter and Full Year 2024 Results

Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 (22 percent on a per share basis) representing a 14 percent increase over 2023 (22 percent on a per share basis) Average 2024 production increased 16 percent to 37,474 boe/d over 2023 Repurchased and cancelled six percent of shares outstanding for $41.7 million in 2024 2024 capital program increased production, reserves, and funds flow from operations, and added both Clearwater and [Read more]

Journey Energy Inc. Announces Year-End 2024 Reserves; Begins Transformation to Higher Netback Liquids

Calgary, Alberta--(Newsfile Corp. - February 24, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to report its year-end 2024 oil and gas reserves evaluation. 2024 Reserve Report Highlights: Proved developed producing reserves decreased 4% to 35.5 MMboe, with a corresponding decrease of 3% in NPV@10% to $350.3 million. The PDP reserve life index increased to 8.9 years from 8.4 years. Total proved reserves increased 1% to 50.4 MMboe, with a [Read more]

Cardinal Energy Ltd. Announces 2024 Year-End Reserves, Formal Recognition of Reford Thermal Project

Calgary, Alberta--(Newsfile Corp. - February 24, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to present the results of its independent reserve report effective December 31, 2024. Consistent with prior years, Cardinal's year-end 2024 non-thermal reserves were evaluated by GLJ Ltd. ("GLJ"). The thermal reserves were independently evaluated by McDaniel & Associates Consultants Ltd. ("McDaniel") (the GLJ report and the McDaniel report being collectively the [Read more]

Greenfire Resources’ Announces Expiration and Results of Change of Control Offer for Senior Secured Notes Due 2028

Calgary, Alberta--(Newsfile Corp. - February 20, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) (“Greenfire” or the “Company”) today announced that the change of control offer made by Greenfire to purchase any and all of its outstanding 12.000% Senior Secured Notes Due 2028 (the “Notes”) expired at 5:00 pm, New York City Time, on February 19, 2025. Greenfire did not extend the offer. As of the expiration of the offer, a total of $5,000 in aggregate principal amount of the Notes had [Read more]

Kelt Reports 2024 Production Volumes and an Update on the Company’s Engineering Evaluator

Calgary, Alberta--(Newsfile Corp. - February 20, 2025) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or "the Company") is pleased to report on its 2024 production volumes and exit rates, together with a change of its qualified reserves evaluator. Kelt's average production for 2024 was 33,115 BOE per day (37% liquids and 63% gas), in line with previous guidance. Kelt ended the year on a strong note exiting with average December production of 38,369 BOE per day (38% liquids and 62% gas). In 2025, [Read more]

Trican Reports Annual Results for 2024, Announces 11% Dividend Increase and Declares Quarterly Dividend

Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its annual results for 2024. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the consolidated financial statements and related notes for the year ended December 31, 2024, as well as the Annual Information Form ("AIF") for the year ended December 31, 2024. All of these documents are [Read more]

Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets

Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances Transaction results in significantly reduced debt and enhanced liquidity Positions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil business Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - OBSIDIAN ENERGY LTD. [Read more]

Saturn Oil & Gas Inc. provides operations update highlighted by Q4 2024 production ahead of guidance following successful capital program

Estimated Q4/24 volumes above 41,000 boe/d(1) represents a new corporate record for Saturn Efficient capital program, continued type curve outperformance and production optimization drove volumes Robust hedges on oil prices, differentials and foreign exchange rates help mitigate current market volatility Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on [Read more]

Greenfire Resources Announces New President and Departure of Senior Executives

Calgary, Alberta--(Newsfile Corp. - February 11, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced the appointment of Colin Germaniuk, P.Eng., as President and Adam Waterous as Executive Chairman of the Company. Mr. Germaniuk will report directly to Adam Waterous. Mr. Germaniuk brings extensive experience in thermal oil operations to Greenfire. Prior to joining Greenfire, Mr. Germaniuk spent eight years at Serafina Energy Ltd., a private [Read more]

Lotus Creek Exploration Inc. Announces Listing on TSX Venture Exchange

Calgary, Alberta--(Newsfile Corp. - February 11, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange (the "TSXV") to list the common shares of Lotus Creek (the "Lotus Creek Shares") on the TSXV as a Tier 1 Oil and Gas Issuer. Trading in respect of the Lotus Creek Shares will commence at market open on February 11, 2025, under the symbol "LTC". There are 40,000,000 Lotus Creek [Read more]