ELM Inc. is uniquely positioned to help energy companies wishing to apply to the Alberta Site Rehabilitation Program (ASRP). We are the industry-leading Canadian service company, offering single source environmental liability management services in the areas of well abandonment, surface equipment & pipeline decommissioning, remediation & reclamation. With over 30 years of direct field execution and program management experience, ELM leads with a highly technical team, seasoned [Read more]
Headlines
Edge Liability Risk Management announces major $3.7 million abandonment and reclamation program across 700 wells and facilities
On April 30, 2020 Edge Liability Risk Management (“Edge”) completed a major abandonment and reclamation transaction that will see Edge commit to cleaning up an estimated $3,700,000 worth of environmental liabilities. Edge has taken an ownership interest in over 700 wells and facilities across Alberta and Saskatchewan (the “Assets”) for the purpose of working with industry partners to fulfill all future Asset Retirement Obligations (“ARO”). The Edge model allows clients and partners to instantly [Read more]
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2020
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2020. In addition, Kelt is providing a corporate update in response to the current market conditions resulting from the COVID-19 pandemic. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise [Read more]
Canadian Natural Resources Limited announces 2020 first quarter results
CALGARY, Alberta - Commenting on the Company's first quarter 2020 results, Tim McKay, President of Canadian Natural stated, "Through the first quarter of 2020 and in response to the outbreak of the novel coronavirus ("COVID-19"), we have taken proactive and effective steps to ensure the safety and health of our employees, service providers and the communities we work in, while maintaining safe, reliable operations. We currently have approximately 6,000 employees working remotely and [Read more]
Advantage announces first quarter 2020 results, strong asset performance, and revised capital program
CALGARY - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce solid first quarter 2020 operating results including production of 46,458 boe/d (up 3% from first quarter 2019) and record liquids production of 3,714 bbls/d (up 83% from first quarter 2019) with continued low operating costs of $2.28/boe. Production from new wells at Progress and Pipestone/Wembley is meeting or exceeding expectations, and performance of the foundational assets at Glacier and [Read more]
Athabasca Oil Corporation announces Q1 2020 results
CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its operating and unaudited consolidated financial results for the three months ended March 31, 2020. Operations Highlights Q1 Production: ~36,550 boe/d including ~28,300 bbl/d in Thermal Oil & ~8,250 boe/d in Light Oil. Leismer: Q1 production of ~19,800 bbl/d supported by strong results at Pad 7. Placid Montney: Encouraging initial results from 10 wells that were placed [Read more]
ARC Resources Ltd. reports first quarter 2020 financial and operational results
CALGARY - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") hereby reports its first quarter 2020 financial and operational results. ARC's unaudited condensed interim financial statements and notes ("financial statements") and ARC's Management's Discussion and Analysis ("MD&A") as at and for the three months ended March 31, 2020 are available on ARC's website at www.arcresources.com and on SEDAR at www.sedar.com. In March 2020, in response to the rapid decline in global commodity [Read more]
Gear Energy Ltd. announces first quarter 2020 operating results
CALGARY - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is providing the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2020 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per share, share and per boe amounts) Mar 31, [Read more]
Pine Cliff Energy Ltd. Announces First Quarter 2020 Results and Annual General Meeting Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its first quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2020 (the "Q1-Report"). Selected highlights are shown below and should be read in conjunction with the Q1-Report. First Quarter 2020 [Read more]
Tourmaline announces strong Q1 2020 results, reduces 2020 budget to maintenance capital, reconfirms 2020 dividend
CALGARY - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2020 and provide updates regarding 2020 budget and dividend. HIGHLIGHTS Q1 2020 cash flow(1) was $283.7 million ($1.05/diluted share) on Q1 E&P capital spending of $306.2 million. Q1 2020 production averaged a record 308,349 boepd, a 5% increase over Q1 2019 (1,475 mmcfpd natural gas and 62,569 bpd oil, condensate, [Read more]