Quarterly / Earnings Reports | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
Terra Focused on Near-Term Montney Asset Sale
Print
|
Terra Energy Corp. has reported its financial and operating results for the three month period ended March 31, 2013.
Highlights: The Company generated Net income of $873,000 or $0.01/share on a basic and diluted basis, from revenues of $11,472,000, as a result of recovering natural gas pricing, lower operating costs and gains from asset sales, compared to a loss of $5,083,000 or $0.05/share during the same period last year. Production averaged 4,469 boe/d and consisted of 81% natural gas, resulting in cashflow from operations of $1,078,000 as compared to a negative cashflow from operations of $1,043,000 in the prior year period. The Company's efforts to reduce expenditures coupled with the recovery of certain prior year operating expenses resulted in a 49% decrease in production expenses…- ✓ 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…