Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce the appointment of Leo Berezan to the Board of Directors of the Company effective May 25, 2023. Mr. Berezan is a Vancouver-based businessman and major shareholder of the Company. He has extensive real estate holdings in British Columbia, Alberta and Manitoba as well as in the Dallas/Fort Worth area of Texas. He has also been a director and co-owner of R.M. [Read more]
Headlines
US oil and gas auction yields nearly $80 mln for federal coffers
The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden's landmark climate change law, attracting more than $78 million in high bids for leases in New Mexico and Kansas. The federal auction was just the second to be held in New Mexico, the nation's second-largest oil-producing state, since Biden became president in 2021. Biden's Interior Department had attempted to suspend federal oil and gas leasing to study its [Read more]
Altima appoints technical advisors
Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) (OTC Pink: ARSLF) (FSE: AKC1) ("Altima" or the "Company") is pleased to announce the appointment of Dr. Sabin Boily. And Dr. Bob Mummery to the Board of Technical Advisors. Joe DeVries, President and CEO stated, "We look forward to continuing to build a team that will help us commercialize the exciting H2SX hydrogen production technology while the Company continues to move forward in targeting prospective energy fields for both [Read more]
BOE Intel Q1 Earnings Season Report Card – Part 1
Q1 2023 was a dynamic, unpredictable quarter in the Canadian oil patch. With price volatility and unexpected constraints on production, most producers faced more challenges compared to Q4 2022. This story was by no means universal, however; many companies saw impressive expansions in production across commodities, and various cost categories appear to be normalizing after a year characterized by persistent inflationary pressures. Companies also deployed significant capital in this quarter, with [Read more]
Hemisphere Energy announces 2023 first quarter results, declares quarterly dividend, renews credit facility, and provides operations update
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2023, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2023 Highlights Produced a record quarterly average of 3,171 boe/d, a 20% increase over the first quarter of 2022. Attained quarterly revenue of $18.7 million. [Read more]
Lycos Energy Inc. announces first quarter 2023 operating and financial results, credit facility increase and potential consolidation
CALGARY, AB - Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce its operating and financial results for the three months ended March 31, 2023. Selected financial and operating information is outlined below and should be read with Lycos' unaudited financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2023, which are available at sedar.com and www.lycosenergy.com. Financial and Operating [Read more]
Coelacanth announces Q1 2023 financial and operating results
Calgary, Alberta - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. All dollar figures are Canadian dollars unless otherwise noted. Financial and operational results below present the carved-out historic financial position, results of operations and cash flows of Leucrotta's Two Rivers Assets for all prior periods up to and including May 31, 2022 and the results of [Read more]
S&P global commodity insights raises 10-year production outlook for Canadian oil sands for first time in more than half decade
CALGARY, AB - Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue, expects Canadian oil sands production to reach 3.7 million barrels per day (mbd) by 2030—half a million barrels per day higher than today. The new projection represents an increase of 140,000 [Read more]
US offers oil and gas drilling rights in first auction since Biden’s IRA
The U.S. on Thursday will hold its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden's landmark climate change law, with more than 10,000 acres (40.5 square kilometers) on offer in New Mexico and Kansas. The federal lease auction is just the second to be held in New Mexico, the nation's second-largest oil-producing state, since Biden became president in 2021. Biden's Interior Department had attempted to suspend federal oil and gas leasing to [Read more]
US natgas futures steady ahead of storage report
U.S. natural gas futures were steady on Thursday as the market awaited direction from a federal report expected to show a bigger-than-usual U.S. storage build last week when mild weather limited demand for the fuel for both heating and cooling. That lack of price movement came despite several bearish factors, including record U.S. output, rising Canadian exports and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected. It also defied bullish [Read more]