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 sales during the three months ended October 31, 2018. Represents a 186% increase from the comparative three months ended October
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 Pipestone/Elmworth, near Grande Prairie, Alberta. At a special meeting, its shareholders also approved the continuance of Blackbird from British Columbia
Painted Pony Announces Fully-Funded 2019 Capital Budget
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 project. However, the former Progress Energy Canada Ltd. has no plans to return to the frenetic pace of 2013-2014 when
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 holding pattern since 2016 after spending three years appraising what proved to be more than 200 trillion cubic feet of natural gas reserves
Nov 1, 2018 CALGARY, Nov. 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 20 years of experience in the oil and gas industry in a variety of senior management roles which included a diversity of both technical and
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 week. Husky has increased its capital spending guidance by $200 million, $100 million of which will be directed to increased
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 million, up 12% year-over-year Operating Margins of 19%; Ex-Items 20%, Up over 360 BPS year-over-year EPS of $0.50; $0.64 ex-items,
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 million (the “Acquisition”) before closing adjustments. The assets of the Acquired Business are situated primarily in the premium core of
Cenovus reaches agreement to sell Pipestone business for $625 million
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 liquid yields compared to previous wells in the Townsend block. Painted Pony is encouraged by the results to-date and anticipates
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 area of British Columbia. The well was tested on clean-up for 10 days and had a flow rate on the
