third quarter

Pengrowth transforms into thermal oil, Montney gas focused company

Energy Financial

Pengrowth expects total thermal oil production to exceed 50,000 bbl per day Pengrowth Energy Corporation announced its third quarter 2017 financial and operating results and the completion of its strategic objective of focusing its asset base to its two growth assets, Lindbergh and Groundbirch, according to a press release. Pengrowth’s long-term development plan is centered on […]

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Fracker Trican lowers US costs, adjusts operations to slower market

Energy Financial

Management has meaningfully reduced the U.S. operations’ cost structure and continues to adjust it to current industry activity and operating conditions Texas hasn’t been kind to Trican Well Service in the past year. The Calgary-based company idled the last of its two fracking crews in Oct., with only six of its 16 U.S. units still operating. Last

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Sanchez Production Partners reports third quarter 2015 Results; 2016 forecast

Energy Financial

For the first nine months of 2015, the Partnership’s capital spending totaled approximately $1.3 million. HOUSTON, TX – Sanchez Production Partners LP has reported Q3 2015 results, announced plans to implement a unit repurchase program, and provided a base case forecast for 2016. Highlights from the report include: An initial distribution declared on the Partnership’s common units of

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Clayton Williams Energy loses $9.4 million in Q3 2015, may be for sale

Energy Financial

Clayton Williams Energy cash flow for 9-month period in 2015 was $55 million, compared to $211.7 million during same period in 2014 The oil and gas downturn has hit Midland, Texas-based Clayton Williams Energy, Inc. particularly hard, judging by third quarter financial statements, which the company released Thursday. Clayton Williams Energy reported a net loss

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