CALGARY, Aug. 12, 2015 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report its financial and operational results for the three and six months ended June 30, 2015. Highlights of Twin Butte's successful second quarter 2015 are as follows: Generated record funds flow of $57 million ($0.16/share). Continued the transition to a medium gravity, oil-focused producer with medium barrels accounting for 52% of oil production in the second [Read more]
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Peyto Reports Q2 2015 Results and Drives Costs to New Record Lows
CALGARY, ALBERTA--(Marketwired - Aug. 12, 2015) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) is pleased to present its operating and financial results for the second quarter of the 2015 fiscal year. Continued improvement in operational execution, service cost savings and operating efficiency resulted in a 78% operating margin (1) and a 7% profit margin (2). Additional highlights included: Production per share up 11%. Second quarter [Read more]
Birchcliff Energy Ltd. Announces Strong Second Quarter Results, Record Quarterly Production, Record Low Operating Costs, Increased Q4 Average Production and a Reduction in Capital Expenditures
CALGARY, ALBERTA--(Marketwired - Aug. 12, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce strong financial and operational results for the second quarter of 2015 with record quarterly average production of 38,489 boe per day and record low operating costs of $4.53 per boe. Birchcliff is also pleased to announce that it has increased its expected average production in the fourth quarter of 2015 by approximately 2,000 boe per day to 41,000 to 42,000 boe per day, [Read more]
Tuscany Announces Operational Update for Q2 2015
CALGARY, ALBERTA--(Marketwired - Aug. 12, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announces that it plans to release its Q2 2015 financial and operating results after the close of the market on August 19, 2015. The Company is pleased to provide the following financial and operating update for Q2 2015: Q2 2015 Q1 2015 (estimate) (actual) Production Oil (Bopd) 693 748 Gas (Mcfd) 706 784 BOEd 811 879 Cash flow from [Read more]
Yangarra Announces Second Quarter 2015 Financial and Operating Results
CALGARY, Aug. 11, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2015. Second Quarter Highlights Adjusted EBITDA (which excludes changes in derivative financial instruments) was $4.1 million ($0.06 per share - basic). Oil and gas sales, after royalties, were $5.8 million with funds flow from operations of $3.6 million ($0.06 per share - basic). This represents a 57% [Read more]
The Saudi Oil Price War Is Backfiring
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially U.S. shale drillers) out of business. Equally clear is the fact that this strategy of maintaining the glut and driving out rivals [Read more]
Spartan Energy Corp. Announces Second Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 12, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the three and six months ended June 30, 2015. Selected financial and operational information is set out below and should be read in conjunction with Spartan's June 30, 2015 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or on the Company's [Read more]
Spyglass Resources Corp. Announces 2015 Second Quarter Results and Provides Corporate Governance Update
All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. CALGARY, Aug. 12, 2015 /PRNewswire/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces unaudited interim financial and operating results for the quarter ended June 30, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Spyglass' interim [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2015 Financial & Operational Results
CALGARY, Aug. 12, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2015. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2015 can be found at www.sedar.com and www.torcoil.com. Highlights Three months [Read more]
Dozens drop out of ‘biased’ energy board review of Trans Mountain pipeline
VANCOUVER - The National Energy Board has issued 145 draft conditions that Kinder Morgan must meet if its Trans Mountain pipeline expansion is approved, including increased consultation with First Nations and upgrading its emergency response.The sweeping requirements were released Wednesday, the same day 35 participants in the board's review said they were dropping out of a "biased" and "unfair" process.The conditions — which could be changed after NEB hearings — would force the company to hold [Read more]