Overview * Tamarack Q2 production hits record 70,260 boe/d, up 19% YoY * Adjusted funds flow per share at C$0.39, free funds flow at C$0.26 * Co completes C$51.5 mln acquisition, boosting Clearwater production Outlook * Tamarack raises 2025 production guidance by 3% to 67,000-69,000 boe/d * Company reduces 2025 capital spending guidance by 7% * Net production expense guidance lowered by 5% for 2025 * Interest expense guidance cut by 6% for 2025 Result Drivers * [Read more]
News
OTG Oilfield Equipment – July 2025 Inventory
All listed items are currently in stock in our yard located in Red Deer, Alberta. If you have any questions about anything listed here, or anything else we have stocked please reach out to Greg Cairns, greg@otg.ca or 780-806-8700. For more stock please visit our website at OTG.ca [Read more]
Alliance Pipeline calls for expressions of interest in new transportation capacity to Alberta’s Industrial Heartland
CALGARY, AB– (July 25, 2025) – Alliance Pipeline Limited Partnership (Alliance) is soliciting non-binding expressions of interest for a new short-haul point-to-point transportation service on the Canadian segment of its system in northwest Alberta with delivery to a new meter station in Fort Saskatchewan. As part of its proposed point-to-point service offering, Alliance has initiated a feasibility study for up to 350 million standard cubic feet per day of incremental capacity with an [Read more]
Paramount Resources Announces Second Quarter 2025 Results, Early Alhambra Plant Start-Up and Increased Production Guidance
CALGARY, AB, July 30, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its second quarter 2025 financial and operating results, the ahead of schedule start-up of its new Alhambra Plant in Willesden Green and an increase in midpoint sales volumes guidance for 2025. HIGHLIGHTS Second quarter sales volumes averaged 31,631 Boe/d (46% liquids). (1) Sales volumes from the Central Alberta Region, which includes Willesden Green, [Read more]
Obsidian Energy Announces Second Quarter 2025 Results
Achieved average production of 28,943 boe per day and funds flow from operations of $65.8 million ($0.94 per share) Active share buyback program with ~5.4 million shares (seven percent of outstanding shares) repurchased and cancelled for $36.6 million Calgary, Alberta--(Newsfile Corp. - July 30, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report our operating and financial results for the second quarter [Read more]
Weak rouble, higher oil may help Russia if Trump’s tariffs hit, analysts say
Russian markets reacted cautiously to U.S. President Donald Trump's threat to impose new sanctions, with analysts saying on Wednesday a weaker rouble and higher oil prices as a result of his measures may support the economy in the short term. Trump said on Tuesday the United States would start imposing tariffs and other measures on Russia "10 days from today" if Moscow showed no progress toward a peaceful settlement in Ukraine. Oil prices gained more than 3% on his remarks. The rouble has [Read more]
IEA predicts fastest rise in power demand in more than a decade
Global electricity demand is forecast to increase at one of the fastest sustained rates in over a decade, driven by increased industrial use as well as data centres and electric vehicles, the International Energy Agency said on Wednesday. It said demand would rise by 3.3% in 2025 and 3.7% in 2026, well above the 2.6% recorded between 2015 and 2023 and that investment was needed in grids, storage and making the electricity system more flexible. At the same time, renewable energy is expected to [Read more]
Tamarack Valley Energy Announces Q2 Results, Record Quarterly Production, Positive Guidance Update; Strategic Clearwater Tuck-in Acquisition and Executive Appointment
TSX: TVE CALGARY, AB, July 30, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce its financial and operating results for the three, and six months ended June 30, 2025. Selected financial and operating information should be read with Tamarack's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three, and six months ended June 30, 2025, which are available on SEDAR+ at [Read more]
Chinese refiner Yulong buys first Canadian TMX crude oil cargoes
China's Shandong Yulong Petrochemical has bought its first Canadian crude oil cargoes exported via the Trans Mountain pipeline (TMX) for September and October delivery, trade sources said, as the new refiner diversifies its supplies. Yulong bought an Access Western Blend (AWB) cargo for September delivery at a discount of about $1.50 a barrel to November ICE Brent from Macquarie, two of the sources said, and another cargo for October delivery from Totsa at a similar discount to December ICE [Read more]
Japan’s LNG stockpiles down to 1.79 million T, lowest so far this year
Liquefied natural gas (LNG) stockpiles held by major Japanese electric utilities fell to 1.79 million metric tons for the week ended on July 27, their lowest this year so far, official data showed on Wednesday. In the previous week, the stockpile was at 1.92 million tons, below the 1.94 million tons held during July last year on average. In the last five years for July, the utilities had averaged 2.15 million tons, data from the Ministry of Economy, Trade and Industry (METI) shows. The [Read more]
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