Operator · Cardium Shale
TORC Oil & Gas Ltd.
28 articles mentioning TORC Oil & Gas Ltd. · Page 1 of 2
TORC Oil & Gas Credit Facility Reaffirmed at $425 Million
TORC Oil & Gas Ltd. reported that its credit facility has been confirmed by its lenders at $425 million, with the borrowing base determination dates under the credit agreement to be amended to May and November...
TORC Oil & Gas Adds to Board of Directors
TORC Oil & Gas has announced the appointment of Catharine M. de Lacy to the Company’s Board effective December 11, 2019. About de Lacy Ms. de Lacy is an independent businessperson and strategic advisor with more...
TORC Sets 2020 Budget at $190MM; D&C Activity to See Slight Declines YOY
TORC Oil & Gas Ltd. has outlined its capital plans for 2020. Overall, the company's 2020 plans are relatively comparable to its 2019 activity, with a budget of $190 million (up $10 million from 2019). There...
TORC Oil & Gas Details Q3 2019 Results
TORC Oil & Gas Ltd. reported its Q3 2019 results. The steady implementation of TORC’s business plan continued during the third quarter of 2019. TORC continues to focus on the efficient execution of operations while maintaining...
TORC Oil & Gas Details Q2 Results, Operations
TORC Oil & Gas Ltd. reported its Q2 2019 results. Highlights: Achieved record quarterly production of 28,326 boepd, up from 28,267 boepd in the first quarter of 2019 and 23,059 boepd in the second quarter of...
TORC Oil & Gas Talks Q1 Results; Ups Production Guidance
TORC Oil & Gas Ltd. reported its Q1 2019 results. Increases Production Guidance Based on the strength of the underlying production base and the continued success of the Company’s drilling program TORC is increasing 2019 average...
Torc Oil & Gas Upping Spending Nearly 10% for 2019; Expects Flat Production
TORC Oil & Gas Ltd. has set an initial 2019 capital budget of $180 million - this is a slight +9% increase from 2018. D&C (75%): $135 million Operational/Facility Optimization (25%): $45 million The company plans...
TORC's Credit Line Increased +25% Post-Acquisition; Ups 2018 Production Guidance
After closing its latest acquisition, TORC Oil & Gas has reported an increase to its bank line as well as confirmed its 2018 budget and raised its guidance. Credit Line Increased by +25% TORC is pleased...
TORC Oil & Gas Adds New Exec to Board
TORC Oil & Gas has appointed Mary-Jo Case to the Company’s Board effective January 23, 2018. About Case: Ms. Case is an independent businesswoman with over 34 years of experience in the oil and gas industry,...
TORC Unveils $165MM Budget for 2018; Talks Saskatchewan, Cardium Drilling Plans
TORC Oil & Gas recently reported its preliminary 2018 budget and production guidance. Highlights include: 2018 Capex: $165 million (D&C Budget of $132 million) Southeast Saskatchewan: 77% of D&C budget, $101.6 million Cardium: 23% of D&C...
Torc Grows Production 13% YOY in Q3 to 21 MBOEPD; Acquires More Assets
Torc Oil & Gas reported its Q3 2017 results.Highlights:Achieved record quarterly production of 20,992 boepd, up 13% YOYTORC spent a total of $47.3 million of exploration and development capital, including drilling 23 (16.7 net) wells with...
TORC Achieves Record Production of 20,775 BOEPD; Increases Production Guidance
TORC Oil & Gas released its Q2 results. Highlights include: Produced a company quarterly record of average daily production of 20,775 boe/d, which is an increase of 4.9% from 19,806 boe/d in Q1 and 14.1% from...
Saskatchewan Drilling Plans 73 Wells In 2017
Approved a 2017 capital budget of $130 million
Torc to Ramp Up Spending, Ops in 2H16; Low-Risk Development
TORC Oil & Gas Ltd. reported its financial and operating results for the three month period ended March 31 , 2016.
Torc to Drill 16 Wells in 2016; Reports 4Q Results, Reserves
The company will drill wells at both its SE Saskatchewan and Cardium assets.
Torc's 2016 Budget Set at $90 Million; Three Forks, Cardium
TORC Oil & Gas Ltd. has approved a 2016 capital budget of $90 million.
TORC Oil and Gas to Drill 9 Cardium Wells in H2
Actively executing its remaining 2015 Cardium program which includes 9 (7.7 net) wells.
TORC Raises Capital to Finance Latest Acquisition
Pro forma the Acquisition, the capital budget will be reallocated to include drilling on the Acquired Assets.
TORC Updates 2015 Spending Strategy and Guidance
25% is expected to be spent in Q1 with the majority of the remaining capital to be spent in H2 2015
Four Companies Increasing Budgets in 2015
These four companies are not decreasing their capex budgets in 2015, in spite of a lower priced oil environment.