CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- 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, 2018. 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) 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before [Read more]
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Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review
Lindbergh Exits 2018 as Expected With Production Greater Than 19,000 Barrels per Day and Continued into 2019 at the Upper End of Our Guidance Despite Alberta's Curtailment Program CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the "Company") (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and twelve months ended December 31, 2018 as well as its reserves as at December 31, 2018. Subsequent to the quarter the Company signed a [Read more]
Baytex Announces Fourth Quarter and Full Year 2018 Financial and Operating Results and 2018 Year End Reserves
CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months and year ended December 31, 2018 (all amounts are in Canadian dollars unless otherwise noted). “In 2018, we repositioned our company through the Raging River combination which increased our high netback light oil assets while also deleveraging our balance sheet. Our operations are performing exceptionally well as we execute our [Read more]
XI Technologies: ARO and A&D – Know when to hold ’em, know when to run
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. expands on the potential for increased divestiture activity in 2019 as Canadian Juniors deal with protracted market challenges. If you'd like Wednesday Word to the Wise delivered directly to your inbox,subscribe here In a recent Word to the Wise article, XI looked at how corporate/asset divestitures among Juniors may [Read more]
Tanager Energy Announces Strategic Plan and Continuance to BC
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announced today the Company has obtained the approval by its directors of a strategic plan for the balance of the 2019 fiscal year. Following its recent announcement of the appointment of a new CEO, the plan includes the following principal elements: Place Tanager’s three (3) Polk County, Texas Yegua formation wells (Ranger, Stampede and Jones) into [Read more]
Cardinal Energy Ltd. Announces 2018 Year-End Reserves
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present its 2018 year end reserves which reinforce our successful 2018 drilling program and the low decline nature of our asset base. RESERVE HIGHLIGHTS (1) Proved Developed Producing ("PDP") reserve additions of 10.7 mmboe replaced 2018 production by 1.4x, predominantly through organic growth and Total Proved plus Probable ("TPP") reserve additions of 12.7 mmboe [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 Mar. 4Business Support Professional - SpanishExxonMobil Business Support Centre Canada ULC (EMBSCC)MonctonMar. 4Senior Accountant, Financial ReportingTransCanadaCalgaryMar. [Read more]
Tourmaline Delivers 2018 Earnings of $401.4 Million, Generates Free Cash Flow and Achieves Record Breaking Q4 Cash Flow of $391.5 Million
CALGARY, March 5, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2018 financial and operating results. HIGHLIGHTS Tourmaline delivered full-year 2018 earnings of $401.4 million ($1.48/diluted share) underscoring the inherent profitability of the core EP business. Annual cash flow(1) for 2018 of $1.3 billion ($4.80/diluted share) which is 8% higher than 2017 cash flow of $1.2 billion ($4.47/diluted share). [Read more]
Three applications for vapour tight tanks
Does your company have these surface equipment applications? 1.Short Term Single Well Battery; OSY Tank Packages are a quick and easy solution to get your well up and running. For both sweet and sour applications. Start production while waiting for a flowline or let the well cleanup before sending it to the battery. Packages include, tank, separator, piping and flare stack. 2. Sour Single Well Battery; If you have sensitive neighbours these tanks hold pounds of pressure and [Read more]
Exxon raises production forecast in Texas and New Mexico
DALLAS - Exxon Mobil is boosting its projected growth of oil and gas production in the Permian Basin and says the field can be profitable even at lower crude prices. The company said Tuesday that as soon as 2024 it expects to produce the equivalent of more than 1 million barrels of oil per day in the basin, which straddles western Texas and New Mexico, up from a forecast of 600,000 barrels by 2025. Exxon has 48 drilling rigs in the basin and plans to raise that to 55 by year-end. [Read more]