Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Pinecrest Continues Waterflood in Red Earth Area
Print
|
Pinecrest Energy Inc. has announce that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis (MD&A) for the three month period ending March 31, 2014.
Operations Update and OutlookDuring the first quarter, Pinecrest successfully undertook remediation efforts on certain producing wells and deferred capital spending on all new drilling. The Company's current strategy is to limit capital spending while applying excess cash flow towards reducing indebtedness and monitoring waterfloods and the results of its remediation efforts.
The Pinecrest technical team, with the assistance of a third party technical expert, has identified some production impediments which they believe are the cause of the reduced production in its horizontal wells…
- ✓ 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…