Western Canada’s fleet of drilling rigs went up 2 to 63 according to data collected by Baker Hughes for the week of May 10th.From last Friday, Alberta rig counts remained at 42. Saskatchewan's rig count went up by 1 to 2. Oil drilling went up 5 to 22; natural gas rigs went down 3 to 41. View a full breakdown of western Canada’s rig activity. [Read more]
Headlines
Vertex Resource Group Ltd. Announces First Quarter 2019 Results
Revenue of $42.6 million and EBITDA of $6.3 million for first quarter 2019.SHERWOOD PARK, AB, May 10, 2019 /CNW/ - (TSXV:VTX) - Vertex Resource Group Ltd. ("Vertex" or the "Company") reports its financial and operational results for the three months ending March 31, 2019, with comparisons to the same period in 2018. The following operational and financial highlights should be read in conjunction with the Management Discussion and Analysis ("MD&A") and the interim consolidated financial [Read more]
U.S. oil drillers cut rigs for third week in four
U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending.Drillers cut two oil rigs in the week to May 10, bringing the total count down to 805, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.That put the U.S. rig count, an early indicator of future output, below the 844 drilling a year ago.The rig count has declined [Read more]
Enbridge Inc. Reports Strong First Quarter 2019 Results
CALGARY, May 10, 2019 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported first quarter 2019 financial results and provided a quarterly business update.FIRST QUARTER 2019 HIGHLIGHTS(all financial figures are unaudited and in Canadian dollars unless otherwise noted)GAAP earnings of $1,891 million or $0.94 per common share for the first quarter of 2019, compared to $445 millionor $0.26 per common share in the first quarter of 2018, both including the impact of a [Read more]
Obsidian Energy Announces First Quarter 2019 Financial and Operational Results
CALGARY, May 10, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2019. All figures are in Canadian dollars unless otherwise stated.Michael Faust, Interim President and CEO commented "Stepping into my role at Obsidian Energy, I am focusing my attention on three main areas. First, I will ensure we continue to deliver strong [Read more]
Enerplus Announces First Quarter 2019 Results
CALGARY, May 10, 2019 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today reported its first quarter 2019 operating and financial results. First quarter 2019 cash flow from operating activities was $109.0 million and adjusted funds flow was $168.8 million. First quarter net income was $19.2 million, or $0.08 per share, and adjusted net income was $72.5 million, or $0.30 per share.HIGHLIGHTSStrong pricing in the Bakken and Marcellus helped drive first quarter [Read more]
Eagle Energy Inc. Announces First Quarter 2019 Results and Confirms Annual Meeting Date
CALGARY, May 9, 2019 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") today reports its financial and operating results for the quarter ended March 31, 2019. As a reminder, Eagle's annual meeting will be held on June 18, 2019 at 9:00 a.m. at Altius Centre, 2nd Floor, 500 - 4 Avenue SW, Calgary for shareholders of record on May 7, 2019.When reflecting on Eagle's first quarter, Wayne Wisniewski, President and Chief Executive Officer, stated, "We are fortunate in that WTI has increased and Canadian [Read more]
First Nation tells court it should have been consulted after artifacts found
HOUSTON, B.C. - Members of a northern British Columbia First Nation are arguing in court that they should have been consulted on an archaeological mitigation plan prepared by a natural gas company on their traditional territory.The Unist'ot'en house group of the Wet'suwet'en First Nation and hereditary chief Knedebeas filed an application for judicial review in B.C. Supreme Court on Tuesday.It challenges the decision of the B.C. Oil and Gas Commission and provincial Archaeology Branch to accept [Read more]
Harvest Operations Corp. Reports Q1 2019 Results
CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) -- Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the first quarter ended March 31, 2019.This press release is an overview of the first quarter results for 2019 and should be read with the unaudited condensed interim financial statements and Management’s Discussion and Analysis (MD&A) for the first quarter ended March 31, 2019 available on the System for Electronic Document Analysis and [Read more]
Occidental to Acquire Anadarko
Creates a $100+ Billion Global Energy Leader with 1.3 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko ShareholdersExpected to Be Accretive to Cash Flow and Free Cash Flow Year-One, and Deliver $3.5 Billion of Free Cash Flow Improvement through $2.0 Billion of Annual Cost Synergies and $1.5 Billion of Annual Capital ReductionsHOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) today entered into a [Read more]