Operator · Bakken Shale & Three Forks & Cardium Shale
Arsenal Energy Inc.
23 articles mentioning Arsenal Energy Inc. · Page 1 of 2
Arsenal, Lone Pine Canada Combine; Debut as New Company
Lone Pine Resources Canada Ltd. and Arsenal Energy Inc. have completed a business combination to form Prairie Provident Resources Inc.
Arsenal Stops Drilling in 1Q; Plans to Market U.S. Bakken Assets
Arsenal Energy Inc. has reported its first quarter 2016 results.
Arsenal Energy's Credit Facility Approved at $55 Million
Arsenal is currently drawn at approximately $51 million on its credit facility.
Arsenal Boosts Proved Developed Reserves 124% in 2015
Oil and natural gas liquids at December 31, 2015 constitute 81% of proved developed producing reserves and 80% of proved plus probable reserves.
Arsenal Energy Lowers Planned Capital Expenditure
Well costs in North Dakota have dropped by 20% to approximately $6.5 million.
With Low Prices, Arsenal Focused on Expansion
Arsenal Energy Inc. has released its 2014 Q4 financial and operational results.
Arsenal Energy Announces 2015 Budget
Approved a $26.8 million capital program for 2015
Arsenal Energy Raises $9MM for Exploration
Arsenal Energy Inc. has announced it has closed its previously announced bought deal financing of 912,950 common shares on a “flow-through share” basis at a price of $9.95 per flow-through share, which includes the exercise under...
Arsenal Energy Third Quarter Results
Average production of 4,848 boe/d during the third quarter was up 13% when compared to 2Q 2014.
Arsenal Completes Princess Operations, Updates Mannville Reserves
Current total production from Princess is approximately 1,500 boepd (80% oil).
Arsenal Increases Budget after Success at Princess
Exploration success at Princess, capital budget increased from $44 million to $56 million.
Arsenal Maintains Focus on Bakken Ops; Hits 3,973 BOE/d Record
Based on the 2013 production rate, Arsenal has a reserve life of approximately 10 years on a proved plus probable basis.
Arsenal Tags 2014 CapEx; Eyes Bakken, Cardium Growth
Arsenal has set a 2014 capital budget of $37.7 million. The budget includes the drilling of
Arsenal Sets Up Wells at North Dakota, Alberta Bakken Leases
Arsenal is maintaining 2013 exit rate guidance at 4,400 boe/d but is increasing cash flow guidance for 2013 to $44 million due to higher realized oil prices.
Arsenal to Ramp Up Bakken Activity, Production by Year-End
It is anticipated that cash flow will show additional substantial growth in the third quarter due to production increases from recently drilled Bakken wells in North Dakota and higher current realized prices.
Arsenal Touts Successful Bakken Well Duo
Arsenal has 11,000 net mineral acres concentrated in three areas of North Dakota.
Arsenal's Bakken Ops Ramp Up Production, Cash Flow
Q4 2012 is highlighted by an 18% increase in cash flow from operations to $10.0 million from $8.4 million generated in Q4 2011.
Arsenal Energy Ups Credit Facility to $85MM
Arsenal's banking syndicate has increased its credit facility from $75 to $85 million effective immediately.
Arsenal Provides Field Producing Update
In addition, approximately 500 boe/d of North Dakota Bakken production was behind pipe and is expected to be placed on production in Q1 2013.
Arsenal Energy Acquires Cardium Acreage, Update Bakken Ops
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