HOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. The international offshore rig count for April 2017 was 201, up 4 from the 197 counted in March 2017, and down 19 from the 220 counted in April 2016. The average U.S. rig count for April 2017 was 853, up 64 from the 789 counted in March 2017, and up 416 from the 437 [Read more]
Headlines
Husky Energy Reports 2017 First Quarter Results
CALGARY, AB--(Marketwired - May 05, 2017) - Husky Energy Inc. (TSX: HSE) -- Good operational performance in the first quarter delivered funds from operations of $709 million, a 63 percent increase compared to a year ago, and free cash flow of $325 million. "Our consistently improving performance over recent quarters has delivered increased free cash flow, demonstrating that the structural transformation of our business has reached critical mass," said CEO Rob Peabody. "This moves us closer [Read more]
Enerplus Announces First Quarter 2017 Results
All financial information contained within this news release has been prepared in accordance with U.S. GAAP, except as noted under "Non-GAAP Measures". This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. A full copy of Enerplus' First Quarter 2017 Financial Statements and MD&A are available on the Company's [Read more]
Tourmaline Achieves Strong Earnings as Well as Record Production and Cash Flow in the First Quarter
CALGARY, May 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the first quarter of 2017. HIGHLIGHTS Record Q1 2017 production of 233,278 boepd, a 22% increase over the prior quarter. Strong first quarter 2017 earnings of $99.5 million ($0.37/diluted share) underscoring the fundamental profitability of Tourmaline's asset base. First quarter 2017 cash flow(1) of $292.9 million [Read more]
Advantage Announces First Quarter 2017 Operating & Financial Results
42% Increase in Production to 238 mmcfe/d (39,635 boe/d), 79% Increase in Cash Flow to $54 million and a 39% Increase in Undeveloped Montney Land Holdings (TSX: AAV, NYSE: AAV) CALGARY, May 4, 2017 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report that first quarter 2017 production increased 42% over the same period of 2016 and 8% over the fourth quarter of 2016 to a record level of 238 mmcfe/d (39,635 boe/d). Cash flow increased 79% to $54 [Read more]
Cardinal Energy Ltd. Announces First Quarter 2017 Results
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the quarter ended March 31, 2017. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2017, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website at [Read more]
ConocoPhillips cutting 300 jobs in Calgary following Cenovus deal
ConocoPhillips says it's cutting about 300 jobs following a deal to sell most of its Canadian oil and gas holdings to Cenovus Energy. Spokesman Rob Evans said the layoffs are needed to adjust to the smaller size of the company following the $17.7 billion deal announced in late March. He said the cuts will be mainly in Calgary, and employees will know by mid May if they've lost their job. The layoffs come as Calgary's overall unemployment rate has been slowly dropping, as the energy [Read more]
Baytex Q1 2017 Production Increases 6%
CALGARY, Alberta, May 04, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months ended March 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “We are off to a great start in 2017 with production trending toward the high end of our guidance range. We now expect to deliver organic production growth of 5-6% this year, as compared to 3-4% previously. In the Eagle Ford, our development is [Read more]
Bonavista Energy Corporation Announces 2017 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2017. Results for the first quarter of 2017 are highlighted by a 19% increase in funds from operations and a 5% decrease in cash costs when compared to the first quarter of 2016. Cash costs of $8.98 per boe are the lowest achieved in the past decade showcasing our continued emphasis on [Read more]
Concerned Shareholders Nominate Four Independent Directors to the Board of Eagle Energy Inc.
Calgary, Alberta--(Newsfile Corp. - May 4, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. ("Kingsway" and, together with Daniel Gundersen, the "Concerned Shareholders") have concerns about the future of Eagle Energy Inc. (TSX: EGL) ("Eagle" or the "Company"). In late 2015, Mr. Gundersen negotiated the sale of Maple Leaf Royalties Corp. ("Maple Leaf") to Eagle. He was the CEO of Maple Leaf at the time. In that transaction, Maple Leaf shareholders received 7,141,815 common shares of [Read more]