Operator · Cardium Shale
Tamarack Valley Energy Ltd.
50 articles mentioning Tamarack Valley Energy Ltd. · Page 1 of 3
Tamarack Rebalances 2026 Spending Toward Clearwater
Tamarack Valley Energy’s 2026 development plan outlines a moderated capital program of $390–$410 million targeting annual average production of 69,000–71,000 boe/d and an 84%–86% oil and NGL weighting. The program emphasizes continued Clearwater development and waterflood...
Tamarack Valley Closes Anegada Merger; Talks Two-Rig Program at Charlie Lake
Tamarack Valley Energy Ltd. has announced a deal closure as well as a Charlie Lake ops update. Deal Closure Tamarack has successfully closed the previously announced acquisition of Anegada Oil Corp. The deal was originally announced...
Tamarack Valley Energy Fourth Quarter, Full Year 2020 Results, Reserves
Tamarack Valley Energy Ltd. reported its Q4 / full year 2020 results. Brian Schmidt, President and Chief Executive Officer of Tamarack commented, “2020 brought with it many challenges for the industry as a whole. Despite the...
Tamarack Valley Ups 2021 Capex; Eyes 30% Oil Production Growth YOY
Tamarack Valley Energy Ltd. has provided an updated 2021 guidance. Budget Slightly Increased, Aims for 30% YOY Oil Growth Tamarack has slightly increased its 2021 capital budget to $105 to $110 million, up from $102 million...
Tamarack Lowers Budget 8% for 2021; Bets Big on New Clearwater Asset
Tamarack Valley Energy Ltd. has detailed its 2021 capital plan. The plan features a large investment in its newly-acquired Clearwater property in Alberta. 2021 Plans 2021 Capex: $102 million (-8% YOY) Clearwater: $55 million Viking: $29...
Tamarack Valley's Credit Line Reaffirmed
Tamarack Valley Energy Ltd.'s bank syndicated credit facility has been redetermined and remains at $275 million. As of November 30th, 2020, the Company has drawn approximately $189 million and has ample liquidity for the remainder of...
Tamarack Valley Energy Third Quarter 2020 Results
Tamarack Valley Energy Ltd. reported its Q3 2020 results. Considerable market volatility has dominated 2020 to date, although the third quarter saw an improvement in WTI benchmark prices. Given the persistent uncertainty, Tamarack continues to effectively...
Tamarack Valley Energy First Quarter 2020 Results
Tamarack Valley Energy Ltd. reported its Q1 2020 results. In response to the unprecedented volatility in crude oil prices caused by demand destruction related to the impacts of COVID-19 coupled with a price war between OPEC...
Tamarack Valley Adds New Director to Board
Tamarack Valley Energy Ltd. has reported the appointment of Ms. Marnie Smith to the Company’s Board of Directors effective April 3, 2020. About Smith: Ms. Smith is a Senior Client Partner at Korn Ferry, a global...
Tamarack Valley Cuts Capex to $100 Million; Increases Waterflood Focus
Tamarack Valley Energy Ltd. has reported changes to its 2020 plans. The company’s 2020 capital program has been adjusted to $95 – $105 million (a decrease of 43% / $75 million), assuming $35.00/bbl WTI in 2020....
Tamarack Valley Energy Brings On New CFO
Tamarack Valley Energy Ltd. announced that Mr. Steve Buytels will be joining the Company as Vice President, Finance & Chief Financial Officer. About Buytels Mr. Buytels brings over 13 years of oil and gas capital markets,...
Tamarack Valley Details Fourth Quarter 2019 Results; 2020 Plans
Tamarack Valley Energy Ltd. reported its financial and operating results for the three months and year ended December 31, 2019. 2019 Financial and Operating Highlights Achieved stable quarterly production volumes of 24,859 boe/d in Q4/19, slightly...
Tamarack Valley Reports Q3 2019 Results
Tamarack Valley Energy Ltd. reported its Q3 2019 results. Q3 2019 Financial and Operating Highlights Production averaged 24,171 boe/d (62% oil and NGL weighting), consistent with the previous quarter and reflecting the Company’s compliance with the...
Tamarack Valley Talks Q2 Results
Tamarack Valley Energy Ltd. reported its Q2 2019 results. Highlights: Production averaged 24,090 boe/d (63% oil and NGL weighting), 4% higher than the previous quarter, and reflected the Company’s compliance with the production curtailment order imposed...
Tamarack Valley Details Q1 2019 Results
Tamarack Valley Energy Ltd. reported its Q1 2019 results. Q1 2019 Financial and Operating Highlights Production averaged 23,149 boe/d (64% oil and NGL weighting), reflecting the Company’s compliance with the production curtailment order imposed by the...
Tamarack Valley IDs 2019 Budget; Lowers Spending Slightly YOY
Tamarack Valley Energy Ltd. reported its 2019 capital budget and guidance. The company will be spending approximately $7.0 million less than the budgeted capital for the quarter due to the volatility of commodity prices in Western...
Tamarack Valley Ups 2018 Guidance Again; Talks Prelim 2019 Plans
Tamarack Valley Energy has increased its production guidance / exit rate again for 2018 due to strong drilling results. Additionally, the company has detailed its preliminary 2019 plans. 2018 Guidance Upped - Viking Ops Credited Annual...
Tamarack to Keep Spending Steady in 2018; IDs ~$200MM Budget
Tamarack Valley Energy has detailed its 2018 capital budget and guidance. The capital program is expected to be evenly spent in the first half and second half of 2018. Details: - Capital Budget: $195-205 million (flat...
Tamarack Valley Energy Reports Q3 2017 Financial Results
Tamarack Energy reported its Q3 2017 results. Highlights: $17.2 million in Q3/16 ($0.13/share basic and diluted), and increased 3% compared to Q2/17 despite significantly lower quarter-over-quarter natural gas prices. Aided by continual access to service providers...
Tamarack Doubles Production YOY to 19.3 MBOEPD; Ups Cardium Frac Density
Tamarack Valley reported its Q2 2017 results. Highlights include: Achieved record corporate production in Q2/17 of 19,336 boe/d, up 9% over Q1/17 and more than doubled Q2/16 Increasing exit production guidance to approximately 22,000 boe/d, from...