fCorporate Operating Netbacks More Than Triple Since the Prior Quarter to Deliver the Strongest Quarterly Adjusted Funds Flow in More than a Year CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the "Company") (TSX:PGF, OTCQX:PGHEF), today reported its results for the three months ended March 31, 2019. Unless otherwise indicated, financial figures are expressed in Canadian Dollars. "After the resilience Pengrowth demonstrated through record low [Read more]
Headlines
Paramount Resources Ltd. Reports First Quarter 2019 Results: Adjusted Funds Flow of $100.5 million, Sales Volumes Average 81,296 Boe/d
CALGARY, May 8, 2019 /CNW/ - OIL AND GAS OPERATIONS Sales volumes averaged 81,296 Boe/d (37 percent liquids) in the first quarter of 2019. Paramount's netback increased 61 percent to $115.7 million in the first quarter of 2019 compared to $72.0 million in the fourth quarter of 2018, mainly due to a 26 percent average increase in realized prices. The liquids-rich Karr development accounted for $52.8 million (46 percent) of the Company's total netback in the first quarter. [Read more]
Athabasca Minerals increases Ownership in Duvernay Frac Sand Project
May-7, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) is pleased to announce that it has increased its ownership in the Duvernay Frac Sand Project (“Duvernay Project”) to 49.6% through the acquisition of an additional 33.4% interest in ‘Privco2’, a private Alberta corporation that owns the project. To date 55 auger holes have been drilled to assess the deposit and 395 samples have been delivered to AGAT Laboratories and 20 samples to Stim-Lab Inc [Read more]
XI Technologies: Decommissioning could be an opportunity for E&Ps and service companies alike
Many thanks to the Petroleum Services Association of Canada (PSAC) for the visuals in this article. Each week, XI Technologies scans for industry data, trends, and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here During last week’s PSAC Midyear Update Luncheon petroleum industry writer, energy policy analyst, and consultant, David Yager, presented recent PSAC (Petroleum Services [Read more]
Leasing Opportunity: Karve Energy – East Central Alberta
Karve Energy Inc. owns the fee simple mineral rights for approximately 170,000 gross acres of land in east-central Alberta. We also own the proprietary rights to extensive 3D and 2D seismic data that can be made available to interested parties. Karve is interested in developing these rights through agreements that promote drilling and production. We are prepared to lease and/or farmout rights below the Viking formation. Click here for maps and further information [Read more]
Journey Energy Inc. Reports First Quarter 2019 Results
CALGARY, May 7, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the first quarter of 2019. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and year-to-date are as follows: Achieved a production level of 9,330 boe/d in the [Read more]
Delphi Energy Corp. Reports First Quarter 2019 Results
CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended March 31, 2019 and to provide an operations update. FIRST QUARTER 2019 HIGHLIGHTS Successfully concluded drilling operations on the Company’s first four-well Montney pad by drilling the last well (0.65 net) on the pad, and completed fracturing operations, with the wells now being brought on production; [Read more]
Cardinal Energy Ltd. Announces First Quarter 2019 Results
CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2019, 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]
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. 7 Business Support Professional - Spanish ExxonMobil Business Support Centre Canada ULC (EMBSCC) Moncton May. 7 Lead Gas Plant Operator Canlin Energy [Read more]
US raises forecast for summer gasoline prices
Gasoline for that summer road trip will cost a bit more than experts in the federal government were expecting just a month ago. The government is also predicting higher prices for crude oil despite an increase in U.S. production. That's because global demand is rising faster than previously expected. The Energy Information Administration on Tuesday estimated that the U.S. will pump a record 12.45 million barrels of oil a day this year and that will rise again to 13.38 million barrels a day [Read more]