SASKATOON, Saskatchewan , Jan. 11, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX-V:SMI) (FSE:SMK) is pleased to provide initial 30-day production rates (“IP30”) for its two recent Viking horizontal wells (101/9-31 and 102/9-31), as previously disclosed in the December 19, 2017 press release. Over the first 30 days of production, the 101/9-31 well cumulatively produced 3,529 bbls of 36° API light oil or an average of 118 bbls/d. The well continues to flow [Read more]
Headlines
Spartan Energy Corp. Announces 2018 Corporate Budget and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 11, 2018) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that its Board of Directors has approved a development capital budget of $183 million for 2018. This capital budget reflects Spartan's continuing commitment to our business plan of delivering attractive, sustainable per share production growth through our drilling program, while managing our declines and generating excess funds flow to be deployed in projects that [Read more]
Tourmaline Provides Market Update
CALGARY, Jan. 10, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide a market update. PRODUCTION UPDATE Tourmaline achieved the 2017 exit target of 270,000-280,000 boepd, averaging approximately 274,000 boepd in December. The Company achieved year-over-year production growth of 30% in 2017, also on target. Q4 2017 average production was approximately 263,000 boepd. Total Q4 2017 liquids production (oil, condensate, NGLs) grew by [Read more]
TransGlobe Energy Corporation Announces 2018 Capital Budget and Management Promotions
CALGARY, Alberta, Jan. 10, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (TSX:TGL) (NASDAQ:TGA) (“TransGlobe” or the “Company”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dollars unless otherwise stated. HIGHLIGHTS 2018 capital budget of $41.3 million (before capitalized G&A) - Egypt $29.1 million - Canada $12.2 million (C$15.3 million) 2018 production of 14.2 to 15.6 MBoepd with a mid-point of 14.9 MBoepd - Egypt 12.0 to [Read more]
Cardinal Energy Ltd. Announces Management Change and Monthly Dividend for January
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) of Calgary, Alberta announces the retirement of Mr. Doug Smith, Chief Financial Officer. Mr. Smith has been with Cardinal since its inception and the management, staff and directors of Cardinal thank him for his valuable contributions to the Company during this period. Mr. Smith will continue to stay on in an advisory role until January 31, 2018 to ensure a smooth transition. [Read more]
PRD Energy Provides Update on Liquidation & Dissolution Process
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- PRD Energy Inc. ("PRD" or the "Company") is pleased to provide an update on the status of its liquidation and anticipated dissolution. PRD is currently dissolving its German subsidiaries, disposing of all its other assets that are not to be distributed in kind to the shareholders of PRD, discharging all of its obligations and completing all other acts required to liquidate its business. PRD expects its German subsidiaries to be dissolved [Read more]
Crescent Point Announces 2018 Budget and Significant Increase to Uinta Inventory
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) is pleased to announce its budget for 2018. KEY HIGHLIGHTS Achieved 2017 exit rate of 183,000 boe/d and expects 2018 year-over-year exit growth of approximately seven percent. 2018 capital budget focused on returns, with over 75 percent of net wells drilled expected to payout in two years or less. Increased total corporate productive capacity by [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. Dec. 21 Special Projects Manager Razor Energy Corp. Calgary Dec. 21 Operations Procurement Coordinator Razor Energy Corp. Calgary Jan. 8 Floorhands High Arctic Energy Services Calgary Jan. 8 Field [Read more]
Crew Energy Inc. Announces Executive Appointments
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX:CR) (“Crew” or the “Company”) today announces certain executive changes and appointments. With a clear focus on unlocking the value of Crew’s world-class Montney play in northeast British Columbia (“NEBC”), the Company has cultivated and continues to develop an experienced team of technically proficient and commercially-focused professionals. The depth provided by the growth and evolution of the individuals on our team [Read more]
Blackbird Energy Inc. Provides Initial Production Results From Its Condensate-Rich Pipestone/Elmworth Montney Play
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to provide initial production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play, announce the completion of its planned delineation program and provide its preliminary 2018 outlook. “A key focus for Blackbird in 2017 was the continued application of high intensity completions to our wells on the Pipestone/Elmworth corridor. [Read more]