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Pine Cliff Energy Ltd.
14 articles mentioning Pine Cliff Energy Ltd.
Pine Cliff Energy Ups Spending, Production Plans by 10% for 2022
Pine Cliff Energy Ltd. reported its 2022 capital plan, 2021 year-end reserves and an operations update. 2022 Guidance - Capex: $25.5 million - up 10% vs. 2021 $9.6 million drilling four (3.4 net) Pekisko oil wells...
Pine Cliff Details 2021 Capex, Production Outlook; Reserve Update
Pine Cliff Energy Ltd. reported an operations update and to announce its 2020 year-end reserves and 2021 guidance. 2021 Guidance Pine Cliff’s Board of Directors has approved a 2021 capital budget of $13.0 million that is...
Pine Cliff Energy Ltd. Second Quarter 2020 Results
Pine Cliff Energy Ltd. reported its Q2 2020 results. The second quarter of 2020 was dominated by the collapse of crude oil and liquids prices due to global over-supply combined with demand destruction from the coronavirus...
Pine Cliff Details Latest IP Rates at Alberta Pekisko Project
Pine Cliff Energy Ltd. reported the latest production rates from three wells on its Pekisko development program. Pine Cliff’s first horizontal oil well (“13-33“) targeting the Pekisko formation in Central Alberta came on production on January...
Pine Cliff Talks Q3 2019 Results, Lowers Debt
Pine Cliff Energy Ltd. reported its Q3 2019 results. The third quarter of 2019 was a difficult quarter for natural gas producers with AECO 5A natural gas pricing averaged $0.90 per Mcf, the lowest quarterly average...
Pine Cliff Details Q2 Results; Talks 'Challenging' Environment
Pine Cliff Energy Ltd. reported its Q2 2019 summary. After a strong first quarter, the second quarter of 2019 was challenging with AECO 5A natural gas pricing averaging $1.03 per Mcf, the lowest in quarterly average...
Pine Cliff Reports Q1 2019 Results; Highlights Duvernay Deal
Pine Cliff Energy Ltd. reported its Q1 2019 results. First Quarter 2019 Highlights In the first quarter of 2019, Pine Cliff generated its highest adjusted funds flow and revenue since the second quarter of 2017. Additionally,...
Pine Cliff Reports Q2 Highlights; 19.6 MBOEPD in Production
Pine Cliff Energy reported its Q2 2018 results. Highlights: produced an average of 19,557 Boe/d (94% natural gas) in the three months ended June 30, 2018, a 7% decrease compared to the same period of 2017,...
Pine Cliff Pushes Back Redetermination of Credit Facility
Pine Cliff Energy has pushed back the redetermination of its borrowing base with its syndicate of lenders to July 15, 2018. The company's borrowing base is currently set at $45 million. Until that date, Pine Cliff...
Pine Cliff Energy Enters New Credit Facility
The proceeds of the Syndicated Facility may be used for general corporate purposes, including working capital and acquisitions.
Pine Cliff Adds to Reserves Following 2014 Acquisitions
Significant increases in its reserve base in 2014.
Pine Cliff Energy Operational Update, Guidance
2015 capital budget of $10.0 million which may be modified depending on commodity prices
Pine Cliff Production Flat, Talks Acquisitions
Average daily sales volumes of 6,371 barrels of oil equivalent (boe) per day as compared to 6,276 boe per day in the first quarter of 2014.
Pine Cliff Sees Results From Acquisitions Rather than Development
We continue to believe that there are greater returns available in purchasing existing production than drilling at this time. Achieved record oil and gas sales volumes of 5,784 boe/d, a 546% increase over the same period...