Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Highlighting a successful 2023, Canadian Natural's (TSX: CNQ) (NYSE: CNQ) Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt level of $10 billion in Q4/23, earlier than previously forecasted. As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends [Read more]
North 40 Resources Ltd.
Petrus Resources announces 2024 budget guidance
CALGARY, Alberta, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce its 2024 capital guidance. 2024 BUDGET GUIDANCE Petrus’ 2024 budget prioritizes our commitment to generating sustainable shareholder returns and maintaining a healthy balance sheet. Given the current commodity price environment, and consistent with the Company’s strategy of discipline and flexibility, the 2024 capital budget is designed to sustain [Read more]
Whitecap Resources Inc. announces 2023 results and reserves, operations update and updated 2024 guidance
CALGARY, AB, Feb. 21, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the three and twelve months ended December 31, 2023. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related management's discussion and analysis for the three months and year ended December 31, 2023 which are available at [Read more]
Birchcliff Energy Ltd. announces unaudited 2023 full-year and fourth quarter results and 2023 reserves highlights
CALGARY, Alberta, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2023 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2023. “In 2023, we delivered annual average production of 75,699 boe/d and adjusted funds flow(1) of $306.8 million and returned $224.8 million to shareholders through common share dividends [Read more]
ARC Resources Ltd. reports record production, year-end results and reserves
CALGARY, AB, Feb. 8, 2024 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its fourth quarter and year-end 2023 financial and operational results as well as its year-end 2023 reserves. HIGHLIGHTS Fourth Quarter 2023 Results Fourth quarter production averaged 365,248 boe(1)(2) per day (63 per cent natural gas and 37 per cent crude oil and liquids), the highest in ARC's 28-year history. Production per share(3) increased six per cent compared to the fourth [Read more]
Greenfire Resources announces 2024 outlook – Targeting capital efficient production growth of 25-40% to support accelerated debt repayment, confirms conference call and completes first day of trading on the TSX
Calgary, Alberta--(Newsfile Corp. - February 8, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to provide corporate guidance for 2024, including the Company's outlook for production and capital expenditures. Greenfire's common shares commenced trading today on the Toronto Stock Exchange [Read more]
Greenfire Resources announces TSX listing and approval to commence trading on February 8, 2024, provides release timing for 2024 outlook and conference call
Calgary, Alberta--(Newsfile Corp. - February 7, 2024) - Greenfire Resources Ltd. (NYSE: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to announce that the Company's common shares are expected to commence trading on the Toronto Stock Exchange ("TSX") at the opening of the market on Thursday, February 8, 2024 under the ticker symbol [Read more]
TOP WELL REPORT – December volumes – ConocoPhillips and Ovintiv close out 2023 with massive wells, while ARC Resources has 7 big condensate wells
The December data is out for the highest producing oil and gas wells in Canada**. As always, we use calendar day production metrics so these are real volumes produced in the month, and averaged over a 30 day period. The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month of December is below. You can also click on the link below to view the wells all on one map, or click on the UWIs individually to see their location and [Read more]
Canadian Spirit Resources Inc.: Strategic Alternatives Process
Canadian Spirit Resources Inc. (“Canadian Spirit” or the “Company”) has engaged Sayer Energy Advisors to assist it with a strategic alternatives process. The Company is open to reviewing all alternatives including, but not limited to, a corporate transaction resulting in the direct or indirect sale or disposition of all or substantially all of the shares of the Company or the sale of the majority of Canadian Spirit’s oil and natural gas assets, in whole or in part, or a joint venture covering [Read more]
Resolute Resources Ltd provides well update
Calgary, Alberta--(Newsfile Corp. - January 12, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") provides an update in respect of the HZ ANTHONY 12-19-83-23 which commenced drilling November 24th and was completed on December 3rd. Gething channel sand was encountered as per geologic modeling. 2350 metres of open hole were drilled over 4 laterals, which were terminated short due to formation dropping below log verified oil saturation and a desire to avoid unnecessary [Read more]
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