Montney – Page 3 – Oil & Gas 360

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

January 9, 2018

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 production averaged an estimated 1,972 BOEPD (55% liquids), with production online for 28 of a possible 31 days through the

Encana Will Point CapEx toward Permian and Montney in 2018

January 9, 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 fourth quarter of 2017 to the fourth quarter of 2018, with significant oil and condensate growth in the second half

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

December 13, 2017

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 growth through 2018. Other assets at Glacier, Valhalla, Wembley, and Progress will also be developed. Advantage recently developed a four

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

November 29, 2017

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 million during the year ended July 31, 2017, with $48.8 million of working capital surplus Q4 and 2017 production: While

Blackbird Energy’s Montney Growth Continues to Ramp

November 2, 2017

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 a new company record for production and a new gas processing agreement in Alberta’s Montney play. For the period of

Blackbird Energy Appoints Chief Financial Officer

October 20, 2017

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

Blackbird Energy Adds Montney Rights, Wells

July 25, 2017

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 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.

Blackbird Energy Plans 3 More Montney Wells

July 3, 2017

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

Delphi Energy Boosts Montney Production to 40% NGLS, Condensate

July 3, 2017

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

June 23, 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 215 Mmcfe per day of natural gas production—equivalent to 35,878 BOEPD. The company estimates its proved plus probable (2P) reserves

Blackbird Energy Continues to Capitalize on the Montney Shale

June 22, 2017

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

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