Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Lightstream Bringing 26 Wells, Swan Hill Facility Online in 2Q 2014
Print
|
Lightstream Resources Ltd. has announced our first quarter financial and operating results.
First Quarter Financial and Operational Highlights First quarter production averaged 43,959 barrels of oil equivalent per day (80% light oil and liquids), a decrease of 3% from the fourth quarter of 2013 due to dispositions completed during the quarter of 1,700 boepd (66% gas weighted). Capital expenditures before acquisitions and dispositions totalled $199 million in the first quarter, resulting in 50 wells drilled and 25 wells placed on production, with 32 wells in inventory at the end of the quarter. Non-core asset sales during the first quarter resulted in $112 million of gross proceeds with an additional $141 million of royalty interests divested May 2, 2014. Operating ResultsOur first…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…