Post Tagged with: "Montney"

Blackbird Energy Announces Record Results

Blackbird Energy Announces Record Results

Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018.

 

Highlights from the Q1 2019 Results:

Petroleum and Natural Gas Sales

  • $7.4 million ($46.31/boe) of petroleum and natural gas
December 27, 2018 - 4:22 pm Canada, Closing Bell Story‎, International
Blackbird, Pipestone Combination Gets Thumbs Up  

Blackbird, Pipestone Combination Gets Thumbs Up  

Alberta-based Blackbird Energy Inc. (stock ticker TSX-V: BBI) shareholders have approved the strategic combination of Blackbird and Pipestone Oil Corp. by a majority of over 99% of votes cast.

Blackbird is focused on the condensate and liquids-rich Montney fairway at

Painted Pony Releases Fully-Funded 2019 Capital Budget

Painted Pony Releases Fully-Funded 2019 Capital Budget

Painted Pony Announces Fully-Funded 2019 Capital Budget

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

From Alaska Highway News

After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export …

December 13, 2018 - 6:00 am Canada, Closing Bell Story‎, Energy News, LNG
Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

From Alaska Highway News

Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022.

The company, formerly Progress Energy, has been in a …

November 29, 2018 - 1:23 pm Canada, Closing Bell Story‎, Energy News, LNG
Advantage Appoints COO

Advantage Appoints COO

Nov 1, 2018

CALGARYNov. 1, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce the appointment of Mr. Michael Belenkie to the position of Chief Operating Officer.  Mr. Belenkie has over

November 2, 2018 - 3:59 pm Canada, Closing Bell Story‎, Corporate Governance
Husky adding $100 million to Deep Basin, Montney Programs

Husky adding $100 million to Deep Basin, Montney Programs

 

From JWN Energy

Husky Energy is accelerating spending on drilling in the Deep Basin and Montney plays while slowing primary heavy oil production.

The shift is tied to the current blowout in the light-heavy oil differential, executives said last …

October 29, 2018 - 1:12 pm Canada, Closing Bell Story‎, Energy News
Core Laboratories Petroleum Services Lab

Core Laboratories Updates View on Long-Cycle Projects, Debt

Core Laboratories (ticker: CLB) gave its Q3 conference call yesterday, elaborating on some of the trends it sees with international activity improvement, its longer-cycle projects, and its debt agreement.

Highlights from the Q3 Results for Core Laboratories:

Revenue of $182.1

October 26, 2018 - 2:41 pm Closing Bell Story‎, Earnings
NuVista Energy Bulks Up Montney Position with Acquisition of Pipestone Asset from Cenovus for $625 Million

NuVista Energy Bulks Up Montney Position with Acquisition of Pipestone Asset from Cenovus for $625 Million

NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX: NVA) is pleased to announce that it has entered into an agreement to acquire Cenovus Pipestone Partnership which holds assets in the Pipestone area of Northwest Alberta (the “Acquired Business”) for $625 …

Cenovus reaches agreement to sell Pipestone business for $625 million

Cenovus reaches agreement to sell Pipestone business for $625 million

Cenovus reaches agreement to sell Pipestone business for $625 million

Painted Pony Energy Announces Montney Well Results

Painted Pony Energy Announces Montney Well Results

Painted Pony Energy Ltd. (TSX: PONY) posted results from two recent Lower Montney wells drilled on the northern edge of the South Townsend block. Preliminary results indicate production levels higher than Painted Pony management’s Townsend type curve and include higher …

July 11, 2018 - 2:18 pm Closing Bell Story‎, Oil and Gas 360 Articles, TOGC23
Leucrotta Makes Upper Montney Discovery at Two Rivers

Leucrotta Makes Upper Montney Discovery at Two Rivers

Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV:LXE) is pleased to announce the following update:

TWO RIVERS UPPER MONTNEY DISCOVERY

Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 10-08-83-16W6 to extend expiring lands in the Two Rivers …

Strath Acquires $340 Million of Paramount’s Assets

Strath Acquires $340 Million of Paramount’s Assets

Strath Resources Ltd. (“Strath”) is pleased to announce that it has reached an agreement with Paramount Resources Ltd. (“Paramount”) for the acquisition of Paramount’s assets in the Resthaven/Jayar area of the Kakwa region for total consideration of $340 million.

Acquisition

June 15, 2018 - 2:37 pm Canada, Closing Bell Story‎, Energy News
Lackawana Energy Center Project Rendering. Source: http://lackawannaenergy.com/

Encana, Keyera Deal Will Add 33,000 Barrels of Montney Condensate Processing Capacity at Pipestone

Deal struck between Encana and Keyera Partnership adds 33,000 barrels of raw condensate processing capacity and 170 MMcf/day of net inlet gas processing; Keyera will own the facilities at Pipestone

Encana Corporation (ticker: ECA) and Keyera Partnership have reached an …

Blackbird Energy Reports Q2 2018

Blackbird Energy Reports Q2 2018

Blackbird Energy Inc. (ticker: BBI) reported for the three months ended January 31, 2018, a net loss of CDN$1.71 million, or a net loss per share of $(0.00). For the six months ended January 31, 2018, the company reported a …

Seven Generations Energy Chalks Up $562 Million Net Income

Seven Generations Energy Chalks Up $562 Million Net Income

2017 average Q4 production was 197,000 BOEPD

Montney producer Seven Generations Energy Ltd. (ticker: VII) reported a net income of $83.6 million, or $0.23 per share for the fourth quarter of 2017. For the full year, the company posted a …

Advantage Oil & Gas Reports 2017 Profit of $95 Million

Advantage Oil & Gas Reports 2017 Profit of $95 Million

Advantage Oil & Gas Ltd. (ticker: AAV) reported a net income of $95 million for 2017, or $0.51 per share.

The company said that the liquids rich wells at Wembley and Progress in Alberta contributed to this positive net income. …

Source: BBI

Blackbird Energy’s Middle Montney Well Produces High Level of Condensates

Blackbird Energy Inc. (ticker: BBI) has released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of Blackbird’s previous operated development drilling.…

February 13, 2018 - 6:43 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Why Canada is the Next Frontier for Shale

Why Canada is the Next Frontier for Shale

Duvernay, Montney could rival the richest U.S. deposits

From Reuters/CBC

The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oilsands.

Now Canada …

January 29, 2018 - 12:38 pm Canada, Closing Bell Story‎, Energy News
Source: blackbird energy

Blackbird Energy Provides Initial Production Results from Pipestone/Elmworth Montney Condensate Play

Blackbird Energy Inc. (ticker: BBI) had production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play. Blackbird also completed its planned delineation program and provided its preliminary 2018 outlook.

Initial Production Results

Blackbird’s total corporate December sales …

Encana Will Point CapEx toward Permian and Montney in 2018

Encana Will Point CapEx toward Permian and Montney in 2018

Encana plans to invest virtually all its anticipated 2018 capital in its core assets, with around 70% directed to the Permian and Montney

Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …

Advantage Oil & Gas: $175 Million 2018 Budget from Cash Flow

Advantage Oil & Gas: $175 Million 2018 Budget from Cash Flow

Advantage Oil & Gas Ltd. (ticker: AAV) said that the company’s board of directors has approved a 2018 capital budget of $175 million. The budget is funded through cash flow and will advance the Montney development and increase liquids production …

Blackbird Energy Inc. (TSX-V: BBI) 2017 Year End Results

Blackbird Energy Inc. (TSX-V: BBI) 2017 Year End Results

2017 highlights

  • Equity financing – closed an upsized and over-subscribed marketed public offering for total gross proceeds of $84.8 million on March 14, 2017
  • Reserves – reported Pipestone/Elmworth Montney proved plus probable (2P) reserves of $395 million
  • Revenue – $6.2
Blackbird Energy’s Montney Growth Continues to Ramp

Blackbird Energy’s Montney Growth Continues to Ramp

Debt-free Blackbird Energy chalks up production record, scores new long-term gas processing agreements, secures ownership option for processing capacity in the Montney

In an operational update put out by the company Wednesday, Blackbird Energy (ticker: BBI) highlighted several announcements including …

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Inc. (ticker: BBI) has appointed Karen Minton as its CFO effective immediately, the company announced yesterday.

In a press release Blackbird outlined Minton’s almost two decades of experience in senior financial roles in oil and gas and alternative …

Blackbird Energy Adds Montney Rights, Wells

Blackbird Energy Adds Montney Rights, Wells

Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system.

More in the Montney

Blackbird increased its Pipestone/Elmworth Montney rights to …

Encana Q2: 25% Sequential Margin Growth from Q1

Encana Q2: 25% Sequential Margin Growth from Q1

Encana Corp. (ticker: ECA) is one of the first E&Ps to report it second quarter results. ECA announced a growth of 25% in its margin from the first to the second quarter of 2017.

Douglas Suttles, President and CEO of …

Blackbird Energy Plans 3 More Montney Wells

Blackbird Energy Plans 3 More Montney Wells

Blackbird Energy announced that it plans to drill and complete approximately three operated wells through the end of the calendar year

Calgary-based Blackbird Energy (ticker: BBI) announced the company’s results for the quarter ended April 30, 2017 – Q3 for …

Delphi Energy Boosts Montney Production to 40% NGLS, Condensate

Delphi Energy Boosts Montney Production to 40% NGLS, Condensate

Bigstone Montney-centered Delphi Energy Corp. (ticker: DEE) is hoping to grow its production to approximately 22,000 BOEPD by 2019. During the first quarter of 2017, Delphi produced 8,198 BOEPD, 40% of which was condensate or natural gas liquids.

Delphi also …

Painted Pony’s 200,000 Montney Acres Expected to Help Double 2016 Average Production Rate in 2017

Painted Pony’s 200,000 Montney Acres Expected to Help Double 2016 Average Production Rate in 2017

Painted Pony Energy Ltd. (ticker: PONY) is active in the Montney formation, where it pursues natural gas and natural gas liquids production in its 200,009 net acres in Northeast British Columbia.

In the first quarter of 2017, Painted Pony averaged …