In addition to news headlines published on BOE’s homepage, the site offers users a variety of data features that are unique to the BOE Report. Here's a rundown of all the data and information available on BOEReport.com - all of which are free and easy to use and navigate. [Read more]
Headlines
Groundstar Resources Limited Responds to Unusual Trading Activity
CALGARY, ALBERTA--(Marketwired - March 8, 2017) - Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") announces that it has become aware of the unusual trading volumes and stock price fluctuation of the Company`s common shares which are listed on the TSX Venture Exchange. At the request of the Investment Industry Regulatory Organization of Canada, the Company wishes to confirm that management is unaware of any material change in the Company's operations that would account for the [Read more]
Shackleton 2011 Limited Partnership – Shackleton, Sask. Property Divestiture
Sayer Energy Advisors has been engaged to assist the Shackleton 2011 Limited Partnership (the “Company”) with the divestiture of its operated, high working interest Milk River natural gas property located in the Shackleton area of Saskatchewan (the “Property”). At Shackleton, the Company holds an average 99.2% working interest in 102 long-life, low decline Milk River natural gas wells which are currently producing approximately 2.8 MMcf/d (467 boe/d). Recent operating income from the [Read more]
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2016
CALGARY, AB--(Marketwired - March 08, 2017) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the fourth quarter and year ended December 31, 2016. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2016 2015(2) % 2016 2015(2) % Revenue, before [Read more]
Seven Generations Boosts 2016 Production 95 Percent to 117,800 boe/d, Generates Record Funds From Operations of $733 Million
CALGARY, ALBERTA--(Marketwired - March 8, 2017) - Seven Generations Energy Ltd. (TSX:VII) nearly doubled production in 2016 to 117,800 barrels of oil equivalent per day (boe/d), up 65 percent from 2015 on a per share basis. Funds from operations increased 77 percent to $733 million, or $2.30 per share - up 50 percent per share compared to 2015. Capital investment in 2016 was $978 million, 25 percent lower than in 2015. Fourth quarter production increased 70 percent compared to a year earlier to [Read more]
Tourmaline and Peyto are Alberta’s top gas drillers so far this year
In January and February 2017, the BOE Report well map counts 268 gas wells spudded. The two most active companies were Tourmaline Oil Corp and Peyto Exploration and Development - each spudding 31 wells. The deep basin operators were also the only two companies to drill over 100,000 metres (Tourmaline drilled 148,297 and Peyto 131,037). Unsurprisingly, the Montney was the most drilled formation with 60 wells drilled. The Duvernay (which has been an increasingly active zone) was drilled an [Read more]
NuVista Energy Ltd. Announces Year End 2016 Reserves, Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 7, 2017) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce results for the three months and year ended December 31, 2016 and provide an update on our future business plans. 2016 Success Provides Foundation For NuVista Long Term Strategy Operationally, 2016 was a very strong year for NuVista. We have: Achieved record production in the Wapiti Montney formation; Materially increased our Montney natural gas and [Read more]
Alberta Energy regulator says court upholds ruling about Lexin Resources
CALGARY - The Alberta Energy Regulator says a court has upheld its decision to prevent equipment from being removed from Lexin Resources Ltd. sites. Last month the regulator took the unusual step of shutting down all Lexin operations, accusing the Calgary-based oil and gas producer of ignoring orders and regulations. Lexin was ordered to shut down its estimated 1,660 sites, including 1,380 wells and 201 pipelines across the province. The regulator says it submitted [Read more]
Tourmaline Oil Corp. Earns $59.6 Million in Q4 2016
CALGARY, March 7, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (64%) and top-tier production growth (20%) in 2016 while continuously improving its industry-leading cost structure. HIGHLIGHTS Q4 after-tax earnings of $59.6 million ($0.24/diluted share), re-emphasizing the underlying profitability of Tourmaline's E&P business, even in a low commodity price environment. Q4 2016 cash flow(1) of $252.5 million [Read more]
TransGlobe Energy Corporation Announces Fourth Quarter and Year End 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 7, 2017) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL)(NASDAQ:TGA) announces its financial and operating results for the three months and year ended December 31, 2016. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Audited Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the years ended [Read more]