Duvernay – Oil & Gas 360

Core Laboratories Updates View on Long-Cycle Projects, Debt

October 26, 2018

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,

Point Loma Resources: Industry Pays $33 million for Duvernay Shale Oil Acreage Near Company Lands

June 5, 2018

From FSC Wire Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to provide an update on its emerging Duvernay shale oil play, highlighted by the May 30th Alberta Land sale where 81,920 acres near Point Loma’s acreage were acquired by third parties for $33.6 million. Highlights: Point Loma currently holds approximately 15,000 net acres (23

Crescent Point Energy Grows USA Operations

April 4, 2018

Crescent Point Energy Corp. (ticker: CPG) said its Q1 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60% and 175%, respectively. Additionally, the company said its land position in the east shale Duvernay light oil resource play now totals over 355,000 net acres ($315/acre), or 555 net sections. “Our U.S. assets continue to grow

Why Canada is the Next Frontier for Shale

January 29, 2018

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 is looking to its own shale fields to repair the economic damage. Canadian producers and global oil majors are increasingly exploring the

Raging River’s $335 Million Budget Aims at 26,000 BOEPD in Q4 2018

December 14, 2017

Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 BOEPD, representing a fourth quarter to fourth quarter production per share growth of greater than 11%. The 2018 capital budget

Duvernay on the Rise: Chevron (CVX) Jumps in with 55,000-Acre Drilling Program

November 8, 2017

NEB: Duvernay holds 76.6 Tcf of recoverable gas, 6.3 billion barrels of recoverable NGLs and 3.4 billion recoverable barrels of crude oil Eighty-year-old Chevron Canada Limited (Chevron ticker: CVX) is moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta, following a three-year appraisal program. Chevron said the program will comprise approximately 55,000 acres of

Encana Q2: 25% Sequential Margin Growth from Q1

July 21, 2017

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.

InPlay Oil Corp. Building Cardium with Upside in Duvernay

June 28, 2017

With plans to pursue production growth over 20%, InPlay Oil Corp. (ticker: IPO) has allocated $28 million to its exploration and development program for 2017. InPlay’s operations center on the Cardium formation, with other interest in the Belly River formation and emerging potential in the Duvernay formation. Between the Cardium formation and the Belly River formation, the company believes that

Raging River Exploration: Branching Out into the Duvernay

June 14, 2017

Branching out of its core Dodsland Viking play, Raging River Exploration (ticker: RRX) has taken a major step in building a strong asset in the Duvernay Shale. In June Raging River announced its land position in the Duvernay Shale in Central Alberta. The play consists of approximately 99,200 acres prospective for Duvernay light oil development. Drilling activities will begin in

Encana Reports Core Assets Produced 257 MBOEPD in August

September 9, 2015

Encana reported an increase of 24 MBOEPD from Q2 averages Calgary-based Encana Corp (ticker: ECA) reported today that production from its four main assets increased to 257,000 barrels of oil equivalent per day (MBOEPD), up 24 MBOEPD from the average production of 223 MBOEPD in the second quarter of 2015. Operations in the Permian, Eagle Ford, Duvernay and Montney will

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