Exploration & Production
Manitok Ups Oily Cardium Reserves; Talks Production
Print
|
Manitok Energy Inc. has reported its financial and operating results and reserves evaluation for the year ended December 31, 2012.
Operational & Financial Highlights: Increased average annual production by 247% from 689 boe/d in 2011 to 2,389 boe/d in 2012; increased average fourth quarter production by 70% from 1,806 boe/d in the fourth quarter of 2011 to 3,078 boe/d in the fourth quarter of 2012. Increased the oil and natural gas liquids (NGLs) weighting from 23% of total production in the fourth quarter of 2011 to 55% of total production in the fourth quarter of 2012. Increased funds from operations by 889% from $1.9 million in 2011 to $19.1 million in 2012; increased funds from operations by 409% from $1.5 million in the fourth quarter of 2011 to $7.7 million in the fourth quarter…- ✓ 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…