CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to mark 20 years in the Canadian energy industry with its operating and financial results for the third quarter of the 2018 fiscal year. By strategically delaying capital investments and production additions until the fall, Peyto avoided exposing certain unhedged dry gas production to uneconomic summer prices. As a result, the Company was able to deliver in the [Read more]
Headlines
Tamarack Valley Energy Ltd. Announces Third Quarter 2018 Production and Financial Results Driven by Record Oil Weighting
TSX: TVE CALGARY, Nov. 7, 2018 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements ("Financial Statements") for the three and nine months ended September 30, 2018 and related management's [Read more]
Yangarra Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Nov. 7, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2018. Yangarra continues to delineate its core, bioturbated Cardium acreage and is currently drilling bioturbated wells #54 and #55 with 30 (26.7 net) wells drilled to date in 2018. Current production is approximately 12,500 boe/d and the Company expects to drill another 6 (5 net) wells and tie-in 4 to 5 [Read more]
Tourmaline Delivers Strong Q3 Earnings and Cash Flow Growth, Increases 2018 Exit and 2019 Production Estimates and Reduces 2019 Capital Program
CALGARY, Nov. 7, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the third quarter of 2018. HIGHLIGHTS 2018 exit production estimate increased from 290,000 to 300,000 boepd driven primarily by stronger than forecast well performance. Q3 2018 average production was 254,185 boepd, up 7% from Q3 2017. 2019 average production forecast increased from 291,000 to 300,000 boepd on a reduced EP capital [Read more]
Pine Cliff Energy Ltd. Announces Third Quarter 2018 Results and Updates Guidance
CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its third 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 and nine months ended September 30, 2018 (the "Q3-Report"). Selected highlights are shown below and should be read in [Read more]
Canada Development Investment Corporation announces Board of Directors of Trans Mountain Corporation
TORONTO, Nov. 7, 2018 /CNW/ - The Board of Directors of Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of several prominent Canadians to the Board of Directors overseeing the governance and management of Trans Mountain Corporation (TMC). The newly-constituted Board will be chaired by William Downe, former CEO of BMO Financial Group. Mr. Downe will be joined on the Board by: Harold Calla, Executive Chair of the First Nations Financial [Read more]
Inter Pipeline Announces Closing of $200 Million Offering of Common Shares
CALGARY, Nov. 7, 2018 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it has closed its previously announced equity offering of 9,620,000 common shares at $20.80 per share for gross proceeds of $200,096,000. The offering was made on a bought deal basis through a syndicate of underwriters led by TD Securities Inc., as sole bookrunner, and co-led by BMO Capital Markets. Inter Pipeline will use the net proceeds of the offering to partially fund the previously [Read more]
Baker Hughes Announces October 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017. The average U.S. rig count for October 2018 was 1,062, up 9 from the 1,053 [Read more]
It’s time to proactively manage your liabilities
Why should you spend your scarce capital on abandonment and decommissioning activities today instead of waiting for the next up-cycle? Natural instinct of operators in the Western Canadian oil & gas market of the past few years has been to put every hard-earned dollar into increasing production and reserves. ELM Inc. would suggest that now is the time to actively manage your abandonments and decommissioning obligations. Asset retirement obligation (“ARO’s”) is a material issue for [Read more]
Energy Companies Gear up for Winter Construction with All-Weather Road-Building Materials.
Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to remote oil sites creates challenges—undeveloped roads, poor soil conditions and limited road building resources. Companies have relied on [Read more]