BOE Report

Suncor Energy reports voting results from annual general meeting

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 907,152,053 shares (approximately 68.50% of outstanding common shares) were represented in person or by proxy. Shareholders voted as follows on the matters before the meeting: Shareholders elected the following thirteen board members (twelve of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows: Ian R. [Read more]

Saturn Oil & Gas Inc. reports successful Q1 2023 drilling results, production curtailment and ESG report

Drilled 13 net operated horizontal wells in Q1 2023, with 100% success rate and average initial production exceeding forecast type curves by 37%; Drilled a top 5 best performing oil well in Saskatchewan, Weir Hill 11-21, IP30 149 bbls/d, based on February 2023 production, of the over 200 wells drilled in province for January 2023; and Released Saturn's inaugural Sustainability Report on environmental, social and governance performance. Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - [Read more]

Suncor Energy Reports First Quarter 2023 Results

Generated adjusted funds from operations of $3.0 billion and adjusted operating earnings of $1.8 billion, and returned nearly $1.6 billion to shareholders. Delivered total upstream production of 742,100 barrels of oil equivalent per day (boe/d) and refinery throughput of 367,700 barrels per day (bbls/d), with Commerce City refinery back in service at the end of March. Portfolio rationalization continued with completion of sale of wind and solar business and acquisition of an additional [Read more]

Suncor Energy declares dividend

Calgary, Alberta - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.52 per share on its common shares, payable June 26, 2023 to shareholders of record at the close of business on June 5, 2023. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and [Read more]

Obsidian Energy advises on impact of Alberta wildfires

Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") provides an update on operations and employees impacted by recent Alberta wildfires. We view the protection and safety of our people, local communities, and the environment with the highest priority. As a precautionary measure, we have temporarily shut-in approximately 11,100 boe/d of production in our Pembina area in Central Alberta [Read more]

Baytex provides update on the impact of the Alberta wildfires

Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is providing an update on the impact of the wildfires in Alberta to its operations. As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d (70% crude oil) of sales volumes has been curtailed since the evening of May 5, 2023. Currently, approximately 60% of the curtailed volumes remain on-line and are producing into [Read more]

Canadian Natural Resources Limited reports voting results at annual meeting

Calgary, Alberta - Canadian Natural (TSX: CNQ) (NYSE: CNQ) held its Annual Meeting of the Shareholders on May 4, 2023. The result of the vote by shareholders for each resolution is reported below. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed. Votes For Votes Withheld Catherine M. Best 772,999,107 94.33% 46,482,273 5.67% M. Elizabeth [Read more]

Baytex announces first quarter 2023 results

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). "We continued to deliver on our operating and financial targets in the first quarter, which included strong results from our Peavine Clearwater development. We continue to make significant progress on the Ranger acquisition, which materially increases Eagle Ford scale in [Read more]

Canadian Natural Resources Limited announces 2023 first quarter results

Calgary, Alberta - Commenting on the Company's first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ), stated, "Canadian Natural delivered strong results in Q1/23 with effective and efficient operations on our balanced and diverse portfolio of high quality assets. Our culture of continuous improvement, focus on cost control and disciplined capital allocation continues to drive strong financial results and maximize value for our shareholders. [Read more]

Obsidian Energy announces strong first quarter 2023 results

Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter Funds flow from operations was $94.3 million in the quarter (20 percent increase from the first quarter of 2022) Peace River development and exploration program extends Walrus Bluesky play and further delineates acreage for both Bluesky and Clearwater formations Settled $9.8 million of equity award plans in cash as opposed to issuing more shares, given the [Read more]