Exploration & Production | Drilling & Completions | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Capital Markets | Capital Expenditure
Tamarack Valley Increases Budget, Guidance Following Bumper Wells
Print
|
Tamarack Valley Energy Ltd. has announce record quarterly cash flow from operations and production results.
With the success of Tamarack's first half drilling program, well results being ahead of budget, and the strength of cash flow the Company has increased the 2014 capital program by $24 million to $116 million resulting in a 12% increase to exit guidance and a 6% increase to the second half 2014 production guidance.
Second Quarter 2014 Highlights Record funds from operations of $17.8 million ($0.29 per share on a diluted basis), a 32% increase and 16% per share increase from $13.4 million ($0.25 per share on a diluted basis) in Q1 2014 Record production of 5,203 boe/d in Q2 2014, a 24% increase from 4,182 boe/d and a 8% production per share increase over Q1 2014 Record operating…- ✓ 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…