Operator · Canada Oil Sands, Duvernay Shale & Montney Shale
Athabasca Oil Corp
57 articles mentioning Athabasca Oil Corp · Page 1 of 3
Athabasca to Focus on Thermal Oil in 2021, Total Capex Up 12%; Q4 2020 Results
Athabasca Oil Corporation reports its 2020 year-end results and annual reserves as well as its 2021 capital plan. 2021 Plan - Capex: $100 million - up 12% vs. 2020 spending of $89MM Thermal Oil: $95 million...
Athabasca Oil Corp. Reveals 2021 Plans
Athabasca Oil Corp. has detailed its 2021 budget. 2021 Budget Capital Budget: Athabasca is planning expenditures of $75 million. Capital will be allocated $70 million to Thermal Oil and the remainder to Light Oil. Production: Annual...
Athabasca Credit Facility Cut 65% to $42 Million
Athabasca Oil Corp.'s banking syndicate has renewed the reserve-based facility until November 30, 2020. The credit facility has been reduced to $42 million - a decrease of 65% from the previous iteration of $120 million. As...
Athabasca Cuts Capex 30%, Shuts In Hangingstone; Cuts Workforce by 15%
Athabasca Oil Corp. has made further changes to its 2020 operating plan. 2020 Capex Cut 30%; Focus on Montney, Duvernay Athabasca has cancelled a total of $40 million of capital expenditures, representing a 30% reduction from...
Athabasca Reduces 2020 Capex 25% to $95MM; Curtails Heavy Oil Production
Athabasca Oil Corp. has reported adjustments to its 2020 capital program. Changes including a $30 million reduction (a decrease of 25% from prior guidance) to its 2020 capital program. The company now plans to spend $95...
Athabasca Reports Fourth Quarter 2019 Results; Reiterates 2020 Plan
Athabasca Oil Corp. detailed its 2019 year-end results and annual reserves. 2019 Corporate Highlights Production: Annual production of ~36,200 boe/d (87% liquids) which included ~10,100 boe/d (54% liquids) in Light Oil and ~26,100 bbl/d in Thermal...
Athabasca Ups Montney, Duvernay Spending for 2020; Flat Production
Athabasca Oil Corp. has detailed its capital plans for 2020. While overall spending will be down 7% YOY, Athabasca is ramping up spending 71% at its light oil properties, which focus on the Montney and Duvernay....
Athabasca Reports Q3 2019 Results, Duvernay Ops
Athabasca Oil Corp. reported its third quarter operational and financial results. Third Quarter and Operational Highlights: Adjusted Funds Flow: $43.9 million ($0.08/share) and $133.3 million ($0.26/share) for the third quarter and first nine months of 2019...
Athabasca Details Q2 Results; Touts Duvernay IPs
Athabasca Oil Corp. reported its Q2 2019 results. 2019 Second Quarter Highlights Light Oil – Strong Duvernay Results Production of ~10,200 boe/d (51% liquids) Operating income of ~$26 million with a top decile netback of ~$27.50/boe...
Athabasca Talks Q1 2019 Results, Operations
Athabasca Oil Corp. reported its Q1 2019 results. 2019 First Quarter Highlights Production of 39,206 boe/d (86% liquids) Operating income of $76 million (excluding hedging) oAdjusted funds flow of $42 million ($0.08/share) Free cash flow of...
Athabasca Deferring Montney Ops as WTI Falls; IDs Lower 2019 Capex, Guidance
Athabasca Oil Corp. detailed its preliminary 2019 budget. The company has announced a preliminary capital guidance of $95 – $110 million - this is down -26% at the midpoint from 2018 Athabasca has set a production...
Athabasca's Production Jumps 202% YOY to 35.4 MBOEPD; Talks 2018 Plans
Athabasca has detailed its Q4 and full year 2017 results as well as its 2018 outlook. 2017 Highlights Record Production Q4 volumes of 42,064 boe/d (87% liquids) 2017 volumes of 35,421 boe/d (90% liquids), representing ~200%...
Athabasca IDs $140MM Capex for 2018; Montney, Duvernay Ops Detailed
Athabasca Oil reported its 2018 capital budget. Highlights include: 2018 Capex: $140 million Light Oil Montney / Duvernay: $70 million Thermal Oil: $70 million Production Guidance: 38,500 – 41,000 boe/d (87% liquids) (up +11% from 2017)...
Athabasca's Wells Placed on Production in Q3 Exceed Company's Type Curves
Athabasca Oil released its Q3 results where it discussed highlights from the quarter and its intent to release its 2018 capital budget on December 6, 2017. Highlights include: Q3 production was 36,133 boe/d (90% liquids) October...
Montney/Duvernay Operator to Double 2018 Drilling & CapEx Activity
Athabasca Oil reported its 3q17 results. Here is a quick summary. Production Rates : Production of 36,133 boe/d (90% liquids), representing 143% year over year per share growth Duvernay JV : The 2017/18 winter program is...
Athabasca Talks Q3 Montney Ops; Touts 36 MBOEPD in Production
Athabasca Oil Corp. reported its Q3 2017 results. Highlights: Light Oil – High Margin Liquids-Rich Growth Production of 7,875 boe/d (54% liquids), representing 108% per share growth over Q3 2016 Current production of 10,500 boe/d (October...
Athabasca Doubles Duvernay Proppant Load; Drilling to Begin in Q4
Athabasca Oil has reported its Q3 2016 results.
Athabasca Picks Up $139MM; Dover Oilsands Deal
The promissory note relates to Athabasca’s prior sale of its 40% interest in the Dover oil sands project to Brion, which closed on August 29, 2014.
E&P Bets More Cash on the Montney; Ups Budget Over 50%
In the Light Oil division, Athabasca has increased its capital budget to...
Athabasca Cuts Debt Load 30%; Repays $221MM Term Loan
Maintaining a strong balance sheet continues to be a key priority for the Company.