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 energy. Prior to her appointment as Blackbird CFO, Minton was CFO at Lighthouse Oil & Gas. Previously she was corporate
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 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469
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 Encana, indicated that this was due to the increase in the fraction of oil and condensate in its production mix.
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 the company. In the company’s release, Blackbird announced that it exited the quarter with $71.8 million of working capital on
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 succeeded in increasing condensate and liquids yields from its rich-gas sources—up to 130 barrels per million cubic feet in Q1,
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 215 Mmcfe per day of natural gas production—equivalent to 35,878 BOEPD. The company estimates its proved plus probable (2P) reserves
Blackbird Energy Inc. (ticker: BBI) is pure-play focused on the Pipestone liquids-rich corridor of the Montney shale. The company holds a total of 120 gross, 103.9 net sections—equivalent to 76,800 gross, 66,496 net acres—in the Montney shale play, all of which are contiguous. Acquisitions Over the past several months, Blackbird has undertaken a number of acquisitions in order to increase
Focused in the Montney play in Northeast British Columbia, Leucrotta (ticker: LXE) holds approximately 100,500 gross (90,200 net) acres. Overall, the company averaged approximately 2,700 BOEPD in Q1, 2017. Within the Montney, Leucrotta has drilled a total of eight horizontal wells, three of which have exhibited liquids-rich gas, the remaining five showing light oil. Acquisitions In a land acquisition announced
Canada based Advantage Oil and Gas (ticker: AAV) is focused primarily on its Montney natural gas assets in Glacier, Alberta. The Montney assets produce approximately 235 Mscf/day, and Advantage’s 2P reserves were increased to 2.2 Tcfe as of December 31st, 2016. 1,100 future drilling locations should provide 245 Mmcfe/day for 50 years Advantage has inventoried over 1,100 future well locations
Blackbird Energy plans to drill 11 operated wells in fiscal 2017 and 2018 Calgary-based Blackbird Energy (ticker: BBI) announced updates to both its operated and non-operated drilling programs Thursday. In the release, Blackbird said that the company plans to drill and complete an additional eight operated development wells on its western acreage and three operated delineation wells on its eastern
Delphi Energy adds 22.5 sections in the greater Bigstone area Calgary-based Delphi Energy (ticker: DEE) announced the acquisition of 22.5 sections of Monteny assets contiguous to its current land holdings as the company looks to continue expanding in the region. The assets, which are in the southern end of the play, bring Delphi’s total holdings to 165.5 gross (109.6 net)
Blackbird Energy announces 913% increase in 1P reserves Blackbird Energy (ticker: BBI) released a reserves report Monday which announced the company’s proved reserves (1P) increased 913% to 30,526 MBOE (46% NGLs), according to the company’s press release. The net present value of the company’s 1P reserves discounted 10% (NPV10) was $204 million based on an independent reserves evaluation, a 1,356%
