BOE Report

Saturn Oil & Gas Inc. reports Q1 2023 results and record production

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2023. "The first quarter of 2023 was a landmark period for Saturn that set new performance records following the closing of the acquisition of Ridgeback Resources, which has enhanced the sustainability and potential profitability of Saturn for years to come," commented John Jeffrey, [Read more]

Kelt advises of impact of British Columbia wildfires

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company"), pursuant to an evacuation order issued as wildfires burn in close proximity to Fort St. John, has safely evacuated all of its personnel in its operating region at Oak, which is approximately 35 kilometres from Fort St. John. As a result, the Company has temporarily shut-in approximately 5,000 barrels of oil equivalent per day (77% gas) since the evening of May 15, 2023. The Company is not aware of any damage or loss [Read more]

Pine Cliff Energy Ltd. announces results of shareholders’ meeting, annual stock option grant and new chairman of the board

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual Meeting of the Shareholders on May 16, 2023 (the "Meeting") have been approved. A total of 133,728,421 common shares representing 38.03% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the five nominees proposed by Pine Cliff and as set out in the Information Circular - Proxy [Read more]

Obsidian Energy provides update on impact of Alberta wildfires

Calgary, Alberta - 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 continue to monitor the ongoing wildfire situation in Alberta as the protection and safety of our people, local communities, and the environment are of the highest priority. Resulting from further developments with the wildfires, we took the Peace River area fields at Seal, Walrus [Read more]

Baytex receives shareholder approval for acquisition of Ranger and reports shareholder meeting results

Calgary, Alberta--(Newsfile Corp. - May 15, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce that shareholders of Baytex ("Baytex Shareholders") today approved the previously announced merger (the "Merger") with Ranger Oil Corporation ("Ranger"). Baytex also reports that all additional matters presented for approval at the annual and special meeting of shareholders held today were approved. A total of 204,407,281 common shares being 37.47% of Baytex's issued [Read more]

Baytex provides update on the impact of the Alberta wildfires

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is providing an update on the impact of the Alberta wildfires to its operations. Baytex advises that the ongoing wildfires are impacting its operations in the Peace River and Peavine regions of northwest Alberta. Baytex has safely evacuated its affected personnel. As a result of the precautionary shut-in of production and operated infrastructure, approximately 20,000 boe/d of production has been shut-in since the morning [Read more]

Baytex files Q1 2023 pro forma financial information in connection with the Ranger acquisition

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announces the filing of unaudited pro forma consolidated financial information of Baytex and Ranger Oil Corporation ("Ranger") as at and for the three-month period ended March 31, 2023 ("Q1 Pro Forma Financial Information"). The Q1 Pro Forma Financial Information was included in the most recent draft of Baytex's Registration Statement on Form F-4 filed May 10, 2023 with the U.S. Securities Exchange Commission ("SEC"). [Read more]

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]