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Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up

Crude oil inventories fell 3.4 MMBO during surprise week-over-week draw Crude oil inventories fell today, giving markets a pleasant surprise, and sending WTI prices up above $46 per barrel. Economist expected a small build for the week ended May 6, 2016, with the average estimate at 80 MBO. The numbers released by the DOE today showed a draw of 3.4

Tamarack Valley Energy canada-flag-3 Oil & Gas 360

Tamarack Valley Energy Announces 2016 First Quarter Results

CALGARY, ALBERTA–(Marketwired – May 11, 2016) – Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its operating and financial results for the first quarter of 2016. Production in the quarter averaged 9,582 boe/d (55% liquids), an increase of 18% over the first quarter of 2015. Based on current expectations for second quarter 2016 capital expenditures,

Crown Point Operating and Financial Results for Q1 2016, Argentina Update

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Crown Point Energy Inc. (“Crown Point”, the “Company” or “we“) (TSX VENTURE:CWV) today announced its operating and financial results for the three months ended March 31, 2016. Copies of the Company’s unaudited condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the three months ended March 31, 2016 are being

Peyto Exploration Earns $42 Million in Q1 2016

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) is pleased to present its operating and financial results for the first quarter of the 2016 fiscal year. Continued cost reductions and record production combined for a 78% operating margin(1) and a 23% profit margin(2). Additional highlights included: Production per share up 20%.