CALGARY, AB - Tenaz Energy Corp. ("Tenaz" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") held on May 31, 2022. A total of 11,718,094 common shares, representing approximately 41% of the Company's issued and outstanding common shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 27, [Read more]
Headlines
U.S. Henry Hub natgas prices rose to 14-year high in May
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana rose to a 14-year high in May as soaring prices around the world kept demand for U.S. liquefied natural gas (LNG) strong. In May 2022, gas prices averaged $8.14 per million British thermal units (mmBtu). That compares with $2.91 during the same month in 2021 and a five-year average (2017-2021) of $2.64. In May 2008, prices averaged $11.35, a record for that month. Gas prices in Europe, meanwhile, averaged a much higher [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 31 Shift Foreman Roska DBO Drayton Valley May. 31 Field Contract Operator Prairie Provident Resources Grand Prairie May. 30 Heavy Oil Field [Read more]
Obsidian Energy announces extension to our syndicated credit facility and development drilling program in our Viking play
Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the revolving period in our syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing. We are also pleased to announce the return to development drilling in our Viking area, benefiting from our established inventory of quality locations and higher commodity prices. SYNDICATED CREDIT FACILITY [Read more]
Vermilion Energy Inc. announces closing of the acquisition of Leucrotta Exploration Inc.
CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that we have closed the acquisition of Leucrotta Exploration Inc. ("Leucrotta") pursuant to the terms of the previously announced arrangement agreement (the "Arrangement" or the "Leucrotta Acquisition") dated March 28, 2022, as amended, among Vermilion, Leucrotta and Coelacanth Energy Inc. ("Coelacanth"). The primary asset acquired pursuant to the Leucrotta [Read more]
Bonterra Energy Corp. provides operational update and announces credit facility redetermination
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to provide an operational update and confirm that it has finalized its credit facility redetermination with its syndicate of lenders. Operational Update Bonterra is pleased with the progress and success realized from its 2022 drilling program to date, targeting high rate-of-return, low-risk light oil opportunities. The Company brought on production 24 gross (19.6 net) wells [Read more]
Leucrotta Exploration Inc. announces completion of its plan of arrangement
Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that the Corporation has completed its previously announced plan of arrangement (the "Arrangement") involving the Corporation, Coelacanth Energy Inc. ("Coelacanth"), Vermilion Energy Inc. ("Vermilion") and the holders of Securities (as defined below). For further details regarding the Arrangement please refer to the Corporation's press releases dated March 28, 2022 and May 24, 2022, copies of which can be [Read more]
ROK Resources files financial results and management discussion & analysis for the first quarter of 2022
REGINA, SK / ACCESSWIRE - ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) has filed its interim Financial Results and Management Discussion & Analysis for the three months ended March 31, 2022. Financial Statements Highlights include: In Q1 2022, the Company realized production volume of 84,647 boe, resulting in crude and natural gas sales of $8,121,878 and operating income of $4,988,689 after royalties and operating expenses. This equates to an operating netback per boe of [Read more]
Source Rock Royalties announces record quarterly & monthly royalty revenue
CALGARY, AB - Source Rock Royalties Ltd. ("Source Rock")(TSXV: SRR - SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces financial and operating results for the three-month period ended March 31, 2022. First Quarter Highlights: Record quarterly royalty revenue of $1,527,386, an increase of 89% over Q1 2021. Record monthly royalty revenue of $631,202 in March 2022 (40% [Read more]
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
Europe's phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next six months, Russian analysts and traders said on Tuesday. The European Union said on Monday that it aims to cut Russian oil imports by 90% by year-end but added that piped and sea-borne supply would remain legal until then. Two thirds of the EU's Russian oil supply comes via tankers and one third via the Druzhba pipeline. Western analysts and EU [Read more]