CALGARY, ALBERTA--(Marketwired - May 3, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to provide its 2017 first quarter results and an operations update. The first quarter marks the completion and integration of the transformational Statoil oil sands acquisition, a successful balance sheet refinancing and operational momentum in the Light Oil division. The Company is positioned for strong economic growth through the second half of 2017. First Quarter [Read more]
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Exxon Mobil Corporation Makes Application to Cease to be a Reporting Issuer in Canada
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) ("ExxonMobil") announced today that it has applied to the Alberta Securities Commission ("ASC"), as principal regulator, and the Ontario Securities Commission for an order (the "Order Sought") to cease to be a reporting issuer in Alberta, Ontario and British Columbia. ExxonMobil is not a reporting issuer in any other Canadian jurisdiction. If the Order Sought is granted by the ASC, ExxonMobil will cease to be a reporting [Read more]
ARC Resources Ltd. Reports Strong First Quarter 2017 Results and Capital Investment to Advance Dawson Phase III
CALGARY, May 3, 2017 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2017 operating and financial results. First quarter production averaged 115,129 boe per day, net income was $142.5 million ($0.40 per share), and funds from operations totaled $177.2 million ($0.50 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") for the three months [Read more]
Murphy Oil Corporation Announces Preliminary First Quarter 2017 Financial and Operating Results
EL DORADO, Ark.--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its preliminary financial and operating results for the first quarter ended March 31, 2017, including net income of $58 million, or $0.34 per diluted share. Operating and financial highlights for the first quarter 2017 include: Produced volumes of 169 Mboepd, on track to achieve full year production guidance Spent $215 million on capital expenditures, in line with planned annual capital budget of [Read more]
BlackPearl Announces First Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 3, 2017) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2017. Highlights include: The Board of Directors sanctioned the expansion of our successful Onion Lake thermal project in Saskatchewan and construction began on the second 6,000 barrel per day phase of the project. Target date for completion of construction and first [Read more]
Pioneer Natural Resources Company Reports First Quarter 2017 Financial and Operating Results
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter ended March 31, 2017. Pioneer reported a first quarter net loss attributable to common stockholders of $42 million, or $0.25 per diluted share. Without the effect of noncash mark-to-market derivative gains and other unusual items, adjusted results for the first quarter were earnings of [Read more]
Veresen Announces First Quarter Financial Results and Increased 2017 Guidance
CALGARY, ALBERTA--(Marketwired - May 3, 2017) - Veresen Inc. ("Veresen") (TSX:VSN) today announced its first quarter operating and financial results. "Veresen delivered solid financial and operating results in the first quarter of 2017," said Don Althoff, President and CEO of Veresen. "Alliance posted another strong quarter as we look to extend contracts on the pipe and explore a potential expansion, while construction on our major growth projects at Veresen Midstream is tracking ahead of [Read more]
Whitecap Resources Inc. Announces First Quarter 2017 Results
CALGARY, May 3, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2017. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Platts RigData: U.S. Rig Count Grows 107% Year-Over-Year in April
HOUSTON, May 3, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for April 2017 was 971, up 70 (8%) from March 2017, and up 502 (107%) from April 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs. April U.S. land rig count: 922, up 70 from the previous month and up 510 from April 2016. April U.S. inland waters and Gulf of Mexico rig count: 49, [Read more]
Pulse Oil Corp. Announces $8 Million Unit Financing to Acquire Oil and Gas Assets, Restart Production and Commence Horizontal Drilling
CALGARY, May 3, 2017 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL) announces that Pulse has signed two new agreements with arms-length parties to acquire independently assessed proven producing oil and gas reserves in Alberta. These latest acquisitions meet Pulse's criteria of acquiring low-risk, low-cost producing assets with drilling and enhanced oil recovery upside at attractive prices, the details of which are summarized immediately below. OVERVIEW OF OIL & GAS [Read more]