ENCANA CORPORATION 2016 Corporate Guidance
|
|
- Morgan Russell
- 5 years ago
- Views:
Transcription
1 ENCANA CORPORATION 2016 Corporate Guidance December 14, 2015
2 2016 GUIDANCE Driving Margin Expansion & Quality Corporate Returns TOP TIER RESOURCE 95% of 2016F capital allocated to core four 2016 program focused on core acreage in each asset MARKET FUNDAMENTALS Maximizing realized prices Informs capital allocation Actively managing volatility OPERATIONAL EXCELLENCE 10-15% D&C cost efficiencies Rapid application of innovations across portfolio RPH* model unlocks value BALANCE SHEET STRENGTH CAPITAL ALLOCATION Driven from the top Significant flexibility to scale capital based on commodity prices *Resource Play Hub: Encana s development model using repeatable, transferable operations techniques to reduce costs and improve safety and environmental performance. 2
3 2016 STRATEGIC OBJECTIVE Disciplined Focus on Profitable Growth Significant flexibility to adjust capital in 2016 Over 90% of capex is discretionary with minimal supply chain commitments Continuing to drive efficiencies across portfolio 2016F capital down ~$600 million 2016F production efficiency to improve by ~15% Montney Liquids rich Duvernay High value condensate Generating margin expansion and quality corporate returns Normalized 2016F operating margin expected to increase by over 10%* Corporate costs expected to continue to drop by over 10%** Continued cash flow growth at low prices Maintain scale in core four at 2015F Q4 production Sets up opportunity to grow 2017 operating cash flow by over 10% Proactively managing the balance sheet Permian Dividend reset to align with cash flow and recognize high quality investment options Oil Committed to maintaining investment grade credit rating Eagle Ford Oil *Operating margins based on flat commodity price assumptions of $50/bbl WTI and $2.75/MMBtu NYMEX **Corporate costs include interest and administrative expenses and exclude one-time items and long-term incentives. 3
4 2016: FOCUS ON THE CORE FOUR Generating Quality Returns Expect core four to maintain scale at ~270 MBOE/d ~12% y-o-y growth 2016F program is load-leveled throughout the year Core four to generate over 75% of 2016 production Up from 33% in 2014 Key drivers: 10-15% reduction in 2016F D&C costs ECA operating margin expected to increase by over 10% in 2016* Increased production contribution from the core four 50 Realized price gains & LOE reductions drive core four operating margins up by ~7%* 0 Production MBOE/d Core Four Total Production (Permian, Eagle Ford, Duvernay & Montney) 2015F Montney plant turnarounds ~8 MBOE/d impact in Q2 2016F *Operating margins based on flat commodity prices of $50/bbl WTI and $2.75/MMBtu NYMEX 4
5 2016 ASSET HIGHLIGHTS Focus On Highest Margin Assets PERMIAN EAGLE FORD Growing today and in the future Longer laterals and more wells per pad to drive efficiency Reduced land retention vertical program Maintaining scale for long term value Delineating Upper Eagle Ford potential D&C target: $5.9 MM/well Capital: ~$800 MM D&C target: $5.2 MM/well Capital: ~$425 MM DUVERNAY Production grows to fill new plant in early 2016 Increasingly material to production and cash flow D&C target: $9.5 MM/well Capital: ~$140 MM MONTNEY Fill existing infrastructure to maintain production Q2 facility turnarounds (estimated quarterly impact of ~8 MBOE/d) D&C target: $7.7 MM/well Capital: ~$175 MM BASE ASSETS Seasonal operating strategy at Panuke (~40 MMcf/d annualized) Base optimization to continue 2016F corporate decline rate of 30% Capital: ~$80 MM D&C cost normalized to lateral length: Permian (7,500 ), Eagle Ford (5,000 ), Duvernay (7,200 ), Montney (9,500 ) 5
6 SUSTAINABLE BUSINESS MODEL THROUGH THE CYCLE 2016 program funding Combination of expected cash flow & existing credit facilities Committed to maintaining investment grade credit rating Mid-BBB ratings from Moody s, S&P and DBRS Actively managing balance sheet Dividend reset to align with cash flow and recognize high quality investment options No long-term debt maturities until 2019 Corporate costs* down 40% since prior to launch of strategy in fixed, three-way option & costless collar options** 66 Mbbls/d WTI 730 MMcf/d NYMEX 2016F Total Cash Flow ($B) Capital Investment ($B) Natural Gas (MMcf/d) 1,300 1,400 Total Liquids (Mbbls/d) Total Production (MBOE/d) Core Four Production (MBOE/d) Transportation & Processing ($/BOE) Operating ($/BOE)*** * Corporate costs include interest and administrative expenses and exclude one-time items and long-term incentives. ** As at December 14, 2015, excludes swaptions *** Excludes LTI and operating one time charges. 6
7 2016 GUIDANCE ALIGNED WITH STRATEGY Capital allocated to deliver quality returns Continue to expand margins Continue to drive corporate and operating efficiencies Significant flexibility Proactively managing the balance sheet One. Agile. Driven. A culture of success
8 ADVISORY REGARDING FUTURE ORIENTED AND OIL AND GAS INFORMATION This presentation contains certain forward-looking statements or information (collectively, FLS ) within the meaning of applicable securities legislation. FLS include: Encana s 2016 capital program, including the amount allocated to its core four assets and the source of funding expected production, number of wells and drilling program anticipated operating margins, returns and netbacks ability to scale or redirect the capital program sustainability of cost efficiencies including drilling and completion, operating and corporate costs growth in long-term shareholder value expected cash flow projected capital efficiency and operating performance projected decline rate management of Encana s balance sheet, credit rating and debt levels anticipated hedging and outcomes of risk management program anticipated proceeds from divestitures, use of proceeds therefrom, satisfaction of closing conditions and timing of closing investment in high margin opportunities planned annualized 2016 dividend and associated cash and cash equivalent outlay declaration and payment of future dividends, if any potential dilution relating to shareholder participation in Encana s dividend reinvestment plan Readers are cautioned upon unduly relying on FLS as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, these statements involve numerous assumptions, known and unknown risks and uncertainties and other factors, which can contribute to the possibility that such statements will not occur or which may cause the actual performance and financial results of the Company to differ materially from those expressed or implied by such statements. These assumptions include: assumptions regarding commodity prices and foreign exchange rates availability of attractive hedges results from innovations expectation that counterparties will fulfill their obligations under gathering and midstream commitments access to transportation and processing facilities where Encana operates effectiveness of Encana s resource play hub model to drive productivity and efficiencies expectations and projections made in light of, and generally consistent with, Encana s historical experience and its perception of historical trends, including with respect to the pace of technological development, the benefits achieved and general industry expectations Risks and uncertainties that may affect these business outcomes include: commodity price volatility; timing and costs of well, facilities and pipeline construction; ability to secure adequate product transportation and potential pipeline curtailments; business interruption and casualty losses or unexpected technical difficulties; counterparty and credit risk; fluctuations in currency and interest rates; risk and effect of a downgrade in credit rating, including access to capital markets; variability and discretion of Encana s Board to declare and pay dividends, if any; the ability to generate sufficient cash flow to meet Encana s obligations; failure to achieve anticipated results from cost and efficiency initiatives; risks associated with technology; Encana s ability to acquire or find additional reserves; changes in or interpretation of royalty, tax, environmental, accounting and other laws; announced divestitures not closing on a timely basis or at all and adjustments that reduce the proceeds to Encana; risks associated with past and future divestitures of certain assets or other transactions or receive amounts contemplated under the transaction agreements (such transactions may include third-party capital investments, farm-outs or partnerships, which Encana may refer to from time to time as "partnerships" or "joint ventures" and the funds received in respect thereof which Encana may refer to from time to time as "proceeds", "deferred purchase price" and/or "carry capital", regardless of the legal form) as a result of various conditions not being met; and other risks and uncertainties impacting Encana's business, as described in its most recent MD&A, financial statements, Annual Information Form and Form 40-F, as filed on SEDAR and EDGAR. Although Encana believes the expectations represented by such FLS are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the assumptions, risks and uncertainties referenced above are not exhaustive. FLS are made as of the date of this document and, except as required by law, Encana undertakes no obligation to update publicly or revise any FLS. The FLS contained in this document are expressly qualified by these cautionary statements. Certain future oriented financial information or financial outlook information is included in this document to communicate current expectations as to Encana s performance. Readers are cautioned that it may not be appropriate for other purposes. The conversion of natural gas volumes to barrels of oil equivalent ( BOE ) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation. For convenience, references in this presentation to Encana, the Company, we, us and our may, where applicable, refer only to or include any relevant direct and indirect subsidiary corporations and partnerships ( Subsidiaries ) of Encana Corporation, and the assets, activities and initiatives of such Subsidiaries. 8
9 INVESTOR RELATIONS CONTACTS Brendan McCracken Vice President, Investor Relations Brian Dutton Patti Posadowski
PETERS & CO. LIMITED ENERGY CONFERENCE
PETERS & CO. LIMITED ENERGY CONFERENCE Sherri Brillon, Executive Vice-President & CFO Encana Corporation September 9, 2014 Business Strategy GETTING BACK TO WINNING VISION: LEADING NORTH AMERICAN RESOURCE
More informationEncana reports fourth quarter and full-year 2018 financial and operating results
Encana reports fourth quarter and full-year 2018 financial and operating results February 28, 2019 Sustainable model delivered free cash flow, strong growth in proved reserves and high-margin liquids Fourth
More informationQ2 Results Conference Call
ENCANA CORPORATION Q2 Results Conference Call July 24, 215 DEMONSTRATING RESULTS AT TODAY S PRICES Better Wells, Lower Costs, Increasing Inventory Achieving strong well performance across the 4 strategic
More information2018 Q3 REPORT. For the period ended September 30, 2018
2018 Q3 REPORT For the period ended September 30, 2018 news release Encana delivers strong third quarter financial and operational performance; significant liquids growth driving margin expansion and returns
More information2016 Q2 REPORT For the period ended June 30, 2016
2016 Q2 REPORT For the period ended June 30, 2016 Encana delivers significant efficiency improvements with strong second quarter results Company is positioned for growth and to strengthen balance sheet
More information2018 Q2 REPORT. For the period ended June 30, 2018
2018 Q2 REPORT For the period ended June 30, 2018 news release Encana delivers strong second quarter financial results; liquids growth, efficiencies and robust realized prices driving quality returns Calgary,
More informationEncana's Strong First-Quarter 2014 Results Demonstrate Swift Progress of Company Strategy
May 13, 2014 Encana's Strong First-Quarter 2014 Results Demonstrate Swift Progress of Company Strategy CALGARY, ALBERTA--(Marketwired - May 13, 2014) - (TSX:ECA)(NYSE:ECA) - Encana reported a successful
More information2018 Q1 REPORT. For the period ended March 31, 2018
2018 Q1 REPORT For the period ended March 31, 2018 news release Encana delivers solid first quarter financial results; company on track to deliver more than 30 percent annual production growth within cash
More informationQ3 Report For the period ended September 30, Q3 REPORT. For the period ended September 30, Encana Corporation
2017 Q3 REPORT For the period ended September 30, 2017 Encana Corporation 1 news release Encana reports third quarter results; company firmly on track to meet or beat 2017 deliverables in a transformational
More information2016 Q1 REPORT For the period ended March 31, 2016
2016 Q1 REPORT For the period ended March 31, 2016 Encana Corporation 1 news release Encana delivers basin-leading well performance and lowers costs in the first quarter Calgary, Alberta (May 3, 2016)
More informationRapid portfolio transition, robust liquids growth among highlights of Encana s strong second quarter
2014 Q2 Rapid portfolio transition, robust liquids growth among highlights of Encana s strong second quarter Calgary, Alberta (July 24, 2014) TSX, NYSE: ECA Encana s strong second quarter of 2014 saw the
More informationEncana Investor Presentation. January 2019
Encana Investor Presentation January 2019 D E M O N S T R A T I N G T H E P O W E R O F A L E A D I N G S H A L E P O R T F O L I O A Premium E&P Company 2 Premium positions in 3 top shale plays supports
More informationQ Results Conference Call
ENCANA CORPORATION Q1 2018 Results Conference Call May 1, 2018 ON TRACK FOR A STRONG 2018 & 5 YEAR PLAN On track to deliver >30% annual production growth* within cash flow Ŧ Core assets on track to deliver
More informationQ4 and Year End 2017 Results Conference Call
ENCANA CORPORATION Q4 and Year End 2017 Results Conference Call February 15, 2018 QUALITY CORPORATE RETURNS Encana today: Great portfolio with large inventory Strong balance sheet Disciplined capital allocation
More informationBAYTEX ANNOUNCES 2019 BUDGET
BAYTEX ANNOUNCES 2019 BUDGET CALGARY, ALBERTA (December 17, 2018) - Baytex Energy Corp. ( Baytex ) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650
More informationAthabasca Oil Corporation Announces 2018 Year end Results
FOR IMMEDIATE RELEASE March 6, 2019 Athabasca Oil Corporation Announces 2018 Year end Results CALGARY Athabasca Oil Corporation (TSX: ATH) ( Athabasca or the Company ) is pleased to provide its 2018 year
More informationEncana s strong first-quarter 2014 results demonstrate swift progress of company strategy
2014 Q1 Encana s strong first-quarter 2014 results demonstrate swift progress of company strategy Calgary, Alberta (May 13, 2014) TSX, NYSE: ECA Encana reported a successful first quarter of 2014 highlighted
More informationINVESTOR UPDATE EP ENERGY CORPORATION
INVESTOR UPDATE EP ENERGY CORPORATION Improving Results 4Q 17 Investor Update March 1, 2018 1EP Energy Corporation CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation includes certain
More informationBAYTEX ANNOUNCES 2018 BUDGET AND BOARD SUCCESSION
BAYTEX ANNOUNCES 2018 BUDGET AND BOARD SUCCESSION CALGARY, ALBERTA (December 7, 2017) - Baytex Energy Corp. ( Baytex ) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2018 capital
More information2015 Results and 2016 Outlook February 19, 2016
Results and 2016 Outlook February 19, 2016 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy
More informationBAYTEX REPORTS Q RESULTS AND BOARD APPOINTMENT
BAYTEX REPORTS Q2 2016 RESULTS AND BOARD APPOINTMENT CALGARY, ALBERTA (July 28, 2016) - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and six
More informationBAYTEX ANNOUNCES CLOSING OF STRATEGIC COMBINATION WITH RAGING RIVER, UPDATED 2018 GUIDANCE AND CONFIRMATION OF PRELIMINARY 2019 PLANS
BAYTEX ANNOUNCES CLOSING OF STRATEGIC COMBINATION WITH RAGING RIVER, UPDATED 2018 GUIDANCE AND CONFIRMATION OF PRELIMINARY 2019 PLANS CALGARY, ALBERTA (August 22, 2018) Baytex Energy Corp. ( Baytex )(TSX,
More informationAMENDED RELEASE: BAYTEX REPORTS Q RESULTS
AMENDED RELEASE: BAYTEX REPORTS Q1 2016 RESULTS CALGARY, ALBERTA (May 3, 2016) This release corrects and replaces the release sent for Baytex Energy Corp. at 7:30 AM EDT on May 3, 2016. The AECO Fixed
More informationQ First Quarter Report
Q1 2017 First Quarter Report Financial and Operating Highlights 2017 2016 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 72,957 $ 41,625 Funds from operations $ 53,972
More informationCHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2016 RESULTS
CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2016 RESULTS CALGARY, ALBERTA August 10, 2016 Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX: CKE) is pleased to announce its second quarter financial
More informationCHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2017 RESULTS
CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2017 RESULTS CALGARY, ALBERTA August 10, 2017 Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its second quarter 2017 financial
More informationRMP Energy Reports Second Quarter 2017 Results and Provides Initial Elmworth Production Information
RMP Energy Reports Second Quarter 2017 Results and Provides Initial Elmworth Production Information CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ( RMP or the Company ) (TSX:RMP)
More informationCORPORATE PRESENTATION ENCANA CORPORATION
CORPORATE PRESENTATION ENCANA CORPORATION September 2016 LEADING CASH FLOW GROWTH POTENTIAL Encana 2016-2021 Strong core four returns over 35% ATROR Expect commodity mix to continue to balance Expect corporate
More informationEncana Corporation. Interim Supplemental Information (unaudited) For the period ended December 31, U.S. Dollars / U.S.
Encana Corporation Interim Supplemental Information (unaudited) For the period ended December 31, U.S. Dollars / U.S. Protocol for the period ended December 31, Supplemental Financial Information (unaudited)
More informationEncana Corporation. Interim Supplemental Information (unaudited) For the period ended March 31, U.S. Dollars / U.S. Protocol
Encana Corporation Interim Supplemental Information (unaudited) For the period ended March 31, U.S. Dollars / U.S. Protocol for the period ended March 31, Supplemental Financial Information (unaudited)
More informationA transformative year
CHAIRMAN S LETTER / 1 DELIVERING ON OUR PROMISES / 2 CEO S MESSAGE / 5 OUR VISION AND OPERATING AREAS / 6 FINANCIAL AND OPERATING PERFORMANCE & YEAR-END HIGHLIGHTS / 8 MD&A / 11 FINANCIALS / 49 EXECUTIVE
More informationDELPHI ENERGY CORP. REPORTS 2018 YEAR END RESULTS
DELPHI ENERGY CORP. REPORTS 2018 YEAR END RESULTS CALGARY, ALBERTA March 13, 2019 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its financial and operational results for the year
More informationCHINOOK ENERGY INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS AND PROVIDES OPERATIONAL UPDATE
CHINOOK ENERGY INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS AND PROVIDES OPERATIONAL UPDATE CALGARY, ALBERTA March 23, 2017 Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its
More informationENCANA CORPORATION. Financial Strength & Discipline. Sherri Brillon. Executive Vice President & Chief Financial Officer
ENCANA CORPORATION Financial Strength & Discipline Sherri Brillon Executive Vice President & Chief Financial Officer CORPORATE FINANCE Providing Financial Flexibility & Liquidity to Execute our Strategy
More informationItem 2. Management s Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management s Discussion and Analysis of Financial Condition and Results of Operations The MD&A is intended to provide a narrative description of Encana s business from management s perspective.
More informationtake a closer look Encana Corporation Key Resource Play Statistics As at June 30, 2011
take a closer look Encana Corporation Key Resource Play Statistics As at June 3, 211 Definitions Supply Cost: The flat NYMEX natural gas price that yields a risked internal rate of return of 9% and does
More informationEagle Energy Trust Announces $15.0 Million 2015 Capital Budget, 2015 Guidance and 2015 Distribution
NEWS RELEASE FOR IMMEDIATE RELEASE Eagle Energy Trust Announces $15.0 Million 2015 Capital Budget, 2015 Guidance and 2015 Distribution Calgary, Alberta December 17, 2014 - (TSX: EGL.UN): Eagle Energy Trust
More informationDELPHI ENERGY ANNOUNCES CLOSING OF DISPOSITION OF WAPITI ASSETS
DELPHI ENERGY ANNOUNCES CLOSING OF DISPOSITION OF WAPITI ASSETS CALGARY, ALBERTA July 22, 2015 Delphi Energy Corp. ( Delphi or the Company ) is pleased to report that it has closed the previously announced
More informationDisposition of Non-Core Assets
Press Release Page 1 of 5 Advantage Oil & Gas Ltd Advantage Announces Disposition of Non-core Assets, Glacier Montney Update, Appointment of Financial Advisors and Natural Gas Hedging for 2013 (TSX: AAV,
More information2016 Results and 2017 Outlook
2016 Results and 2017 Outlook March 2, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy
More informationINVESTOR UPDATE EP ENERGY CORPORATION. August 2018
INVESTOR UPDATE EP ENERGY CORPORATION August 2018 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements and projections of EP Energy. EP
More informationCEQUENCE ENERGY ANNOUNCES 2015 FINANCIAL AND OPERATING RESULTS
CEQUENCE ENERGY ANNOUNCES 2015 FINANCIAL AND OPERATING RESULTS CALGARY, March 29, 2015 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results
More informationRMP Energy Provides Second Quarter 2012 Financial and Operating Results
NEWS RELEASE August 9, 2012 RMP Energy Provides Second Quarter 2012 Financial and Operating Results Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX:RMP) today provided its financial and operating
More informationBengal Energy Announces Fiscal 2017 Second Quarter Results
November 10, 2016 Bengal Energy Announces Fiscal 2017 Second Quarter Results Calgary, Alberta Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial and operating results
More informationYear-end 2017 Reserves
Year-end 2017 Reserves Baytex's year-end 2017 proved and probable reserves were evaluated by Sproule Unconventional Limited ( Sproule ) and Ryder Scott Company, L.P. ( Ryder Scott ), both independent qualified
More informationFINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2018)
FOR IMMEDIATE RELEASE: May 14, 2018 TSX SYMBOLS: ZAR; ZAR.DB.A ZARGON OIL & GAS LTD. PROVIDES 2018 FIRST QUARTER RESULTS AND PROVIDES SECOND HALF 2018 GUIDANCE CALGARY, ALBERTA Zargon Oil & Gas Ltd. (
More informationCEQUENCE ENERGY ANNOUNCES SECOND QUARTER FINANCIAL AND OPERATING RESULTS
CEQUENCE ENERGY ANNOUNCES SECOND QUARTER FINANCIAL AND OPERATING RESULTS CALGARY, August 10, 2017 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and
More informationPRESS RELEASE EAGLE ENERGY TRUST APPOINTS VICE PRESIDENT, FINANCE AND PROVIDES SECOND QUARTER FINANCIAL INFORMATION, OUTLOOK AND OPERATIONAL UPDATE
PRESS RELEASE FOR IMMEDIATE RELEASE: August 10, 2012 EAGLE ENERGY TRUST APPOINTS VICE PRESIDENT, FINANCE AND PROVIDES SECOND QUARTER FINANCIAL INFORMATION, OUTLOOK AND OPERATIONAL UPDATE Calgary, Alberta:
More informationDELPHI ENERGY CORP. REPORTS 2018 YEAR END RESERVES
DELPHI ENERGY CORP. REPORTS 2018 YEAR END RESERVES CALGARY, ALBERTA March 4, 2019 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its crude oil and natural gas reserves information
More informationInvestor Update August 3, 2017
Investor Update August 3, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy has made every
More informationRMP Energy Announces Record Quarterly Cash Flow and Production
NEWS RELEASE May 14, 2014 RMP Energy Announces Record Quarterly Cash Flow and Production Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX:RMP) is pleased to announce for the three months ended
More informationRMP Energy Announces $80 Million Disposition of Assets and Name Change
RMP Energy Announces $80 Million Disposition of Assets and Name Change CALGARY, Alberta, Sept. 01, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ( RMP or the Company ) (TSX:RMP) is pleased to announce that
More informationStrategic Combination with Newfield Exploration Co.
ENCANA CORPORATION Strategic Combination with Newfield Exploration Co. Creating a Leading Multi-Basin Company November 1, 2018 STRATEGIC COMBINATION WITH NEWFIELD EXPLORATION Transaction Creates Leading
More informationDriving New Growth TSX:PGF. Peters & Co Presentation September 11, 2018
Driving New Growth Peters & Co Presentation September 11, 2018 Advisories Caution Regarding Forward Looking Information: This presentation contains forward-looking statements within the meaning of securities
More informationPETRUS RESOURCES ANNOUNCES SECOND QUARTER 2018 FINANCIAL & OPERATING RESULTS
PETRUS RESOURCES ANNOUNCES SECOND QUARTER 2018 FINANCIAL & OPERATING RESULTS CALGARY, ALBERTA, Thursday, August 9 th, 2018 Petrus Resources Ltd. ( Petrus or the Company ) is pleased to report financial
More informationCanadian Natural Resources Limited MANAGEMENT S DISCUSSION AND ANALYSIS
Canadian Natural Resources Limited MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, AND MANAGEMENT S DISCUSSION AND ANALYSIS Forward-Looking Statements Certain statements
More informationInPlay Oil Corp. Announces First Quarter 2018 Financial and Operating Results Highlighted by a 24 % Increase in Light Oil Production
InPlay Oil Corp. Announces First Quarter 2018 Financial and Operating Results Highlighted by a 24 % Increase in Light Oil Production May 10, 2018 - Calgary Alberta InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF)
More informationCANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2019 BUDGET CALGARY, ALBERTA DECEMBER 5, 2018 FOR IMMEDIATE RELEASE
CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2019 BUDGET CALGARY, ALBERTA DECEMBER 5, 2018 FOR IMMEDIATE RELEASE Commenting on the Company s 2019 budget, Steve Laut, Executive Vice-Chairman of Canadian
More informationNEWS RELEASE CHINOOK ENERGY ANNOUNCES STRATEGIC TRANSACTION TO CREATE A WELL CAPITALIZED MONTNEY FOCUSED GROWTH COMPANY
NEWS RELEASE CHINOOK ENERGY ANNOUNCES STRATEGIC TRANSACTION TO CREATE A WELL CAPITALIZED MONTNEY FOCUSED GROWTH COMPANY CALGARY, ALBERTA June 13, 2016 Chinook Energy Inc. (TSX: CKE) ("Chinook" or the "Company")
More informationEncana generates first quarter cash flow of US$955 million, or $1.29 per share
Q1 2011 Encana generates first quarter cash flow of US$955 million, or $1.29 per share Daily natural gas production grows 4 percent per share Calgary, Alberta (April 20, 2011) Encana Corporation (TSX,
More informationBAYTEX REPORTS Q RESULTS WITH CONTINUED STRONG EAGLE FORD PERFORMANCE
BAYTEX REPORTS Q1 2018 RESULTS WITH CONTINUED STRONG EAGLE FORD PERFORMANCE CALGARY, ALBERTA (May 3, 2018) - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for
More informationFirst quarter 2018 total equivalent production and oil production volumes were above the high
News For Immediate Release EP Energy Reports Q'8 Results Which Beat Production and Capital Guidance Guides Production Rate Up and Capital Spend Down for Q'8 HOUSTON, TEXAS, May 8, 08 EP Energy Corporation
More informationCONSOLIDATED MANAGEMENT S DISCUSSION & ANALYSIS The following Management s Discussion and Analysis ( MD&A ), dated as of March 25, 2015, provides a
CONSOLIDATED MANAGEMENT S DISCUSSION & ANALYSIS The following Management s Discussion and Analysis ( MD&A ), dated as of March 25, 2015, provides a detailed explanation of the consolidated financial and
More informationTamarack Valley Energy Ltd. Announces Third Quarter 2018 Production and Financial Results Driven by Record Oil Weighting
TSX: TVE Tamarack Valley Energy Ltd. Announces Third Quarter 2018 Production and Financial Results Driven by Record Oil Weighting Calgary, Alberta November 7, 2018 Tamarack Valley Energy Ltd. ( Tamarack
More informationQ First Quarter Report
Q1 2018 First Quarter Report Financial and Operating Highlights 2018 2017 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 73,378 $ 72,957 Net income and comprehensive
More informationBNK PETROLEUM INC. ANNOUNCES THIRD QUARTER 2018 RESULTS WITH POSITIVE NET INCOME
760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone: (805) 484-3613 Fax: (805) 484-9649 For Immediate Release TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF BNK PETROLEUM INC. ANNOUNCES
More informationANNUAL REPORT 2016 POSITIONED FOR GROWTH
ANNUAL REPORT 2016 POSITIONED FOR GROWTH A CLEAR, STRATEGIC FOCUS In 2013, we launched a strategy to transform Encana into a highly competitive company that was resilient to the cyclical nature of our
More informationCEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS
CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS CALGARY, March 5, 2015 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce
More informationCEQUENCE ENERGY LTD. ANNOUNCES OVER 36 % GROWTH IN RESERVES AND RESERVE VALUE AND FOURTH QUARTER AND YEAR END 2011 RESULTS
CEQUENCE ENERGY LTD. ANNOUNCES OVER 36 % GROWTH IN RESERVES AND RESERVE VALUE AND FOURTH QUARTER AND YEAR END 2011 RESULTS CALGARY, March 8, 2012 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX:
More informationNEWS RELEASE EAGLE ENERGY TRUST ACHIEVES 2012 EXIT RATE GUIDANCE AND PROVIDES 2013 GUIDANCE
NEWS RELEASE FOR IMMEDIATE RELEASE: December 7, 2012 EAGLE ENERGY TRUST ACHIEVES 2012 EXIT RATE GUIDANCE AND PROVIDES 2013 GUIDANCE Calgary, Alberta - Eagle Energy Trust (the Trust ) (TSX: EGL.UN ) is
More informationPRESS RELEASE EAGLE ENERGY TRUST PROVIDES THIRD QUARTER FINANCIAL INFORMATION, REVISED OUTLOOK AND OPERATIONAL UPDATE
PRESS RELEASE FOR IMMEDIATE RELEASE: November 7, 2012 EAGLE ENERGY TRUST PROVIDES THIRD QUARTER FINANCIAL INFORMATION, REVISED OUTLOOK AND OPERATIONAL UPDATE Calgary, Alberta: Eagle Energy Trust (the Trust
More informationDELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE
DELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE CALGARY, ALBERTA March 7, 2018 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its financial
More informationPETRUS RESOURCES ANNOUNCES FOURTH QUARTER AND YEAR END 2017 FINANCIAL & OPERATING RESULTS AND YEAR END RESERVE INFORMATION
PETRUS RESOURCES ANNOUNCES FOURTH QUARTER AND YEAR END 2017 FINANCIAL & OPERATING RESULTS AND YEAR END RESERVE INFORMATION CALGARY, ALBERTA, Thursday, March 8 th, 2018 Petrus Resources Ltd. ( Petrus or
More informationDELPHI ENERGY RELEASES YEAR END 2015 RESERVES
DELPHI ENERGY RELEASES YEAR END 2015 RESERVES CALGARY, ALBERTA February 29, 2016 Delphi Energy Corp. ( Delphi or the Company ) is pleased to report its crude oil and natural gas reserves information for
More informationSeven Generations board approves $1.25 billion capital budget in 2019
JANUARY 10, 2019 TSX: VII Seven Generations board approves $1.25 billion capital budget in 2019 Includes $1.1 billion to maintain production and $150 million for infrastructure and delineation projects
More informationto announce Operating Results March 22, 2011 boe/d. $38.5 million to funds from cash flow for $45.1 million the increasing optimization of our other
Press Release Advantage Oil & Gas Ltd Page 1 of 6 News Release Advantage Announces 2010 Year End Financial Results Glacier Production Exceeding 100 mmcf/d March 22, 2011 (TSX: AAV, NYSE: AAV) CALGARY,
More informationHEMISPHERE ENERGY ANNOUNCES Q FINANCIAL AND OPERATING RESULTS
HEMISPHERE ENERGY ANNOUNCES Q2 2017 FINANCIAL AND OPERATING RESULTS TSX V: HME Vancouver, British Columbia, August 23, 2017 Hemisphere Energy Corporation (TSX V: HME) ("Hemisphere" or the "Company") announces
More informationRMP Energy Announces Strong Third Quarter Financial Results Underpinned by Record Quarterly Production
NEWS RELEASE November 12, 2014 RMP Energy Announces Strong Third Quarter Financial Results Underpinned by Record Quarterly Production Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP)
More informationEagle Energy Trust Trims 2015 Capital Budget, Maintains Distribution, Production and Cash Flow Guidance and Announces Expanded Credit Facility
NEWS RELEASE FOR IMMEDIATE RELEASE Eagle Energy Trust Trims 2015 Capital Budget, Maintains Distribution, Production and Cash Flow Guidance and Announces Expanded Credit Facility Calgary, Alberta February
More informationBAYTEX REPORTS Q RESULTS
BAYTEX REPORTS Q1 2015 RESULTS CALGARY, ALBERTA (May 5, 2015) - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months ended March 31, 2015 (all
More informationACQUISITION OF SPARTAN ENERGY CORP. APRIL 2018
ACQUISITION OF SPARTAN ENERGY CORP. APRIL 2018 ACQUISITION OF SPARTAN ENERGY CORP. ACQUISITION DETAILS Vermilion to acquire Spartan Energy Corp. for total consideration of $1.40 billion, comprised of $1.23
More informationProgress Announces Second Quarter Results
NEWS RELEASE Progress Announces Second Quarter Results Acquisition by PETRONAS delivers shareholder value Calgary, July 31st, 2012 (TSX PRQ) Progress Energy Resources Corp. ( Progress or the Company )
More informationCEQUENCE ENERGY ANNOUNCES 2015 INDEPENDENT RESERVES EVALUATION
CEQUENCE ENERGY ANNOUNCES 2015 INDEPENDENT RESERVES EVALUATION CALGARY, February 22, 2016 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the results of its year end
More informationQ Second Quarter Report
Q2 2018 Second Quarter Report Financial and Operating Highlights 2018 2017 2018 2017 Financial ($000, except as otherwise indicated) Sales including realized hedging (3) $ 45,319 $ 69,169 $ 118,697 $ 142,126
More informationNEWS RELEASE Bonterra Energy Corp. Announces Third Quarter 2018 Financial and Operational Results
NEWS RELEASE Bonterra Energy Corp. Announces Third Quarter 2018 Financial and Operational Results November 7, 2018 CALGARY, ALBERTA - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ( Bonterra
More informationEncana generates second quarter cash flow of US$1.1 billion, or $1.47 per share
Q2 2011 Encana generates second quarter cash flow of US$1.1 billion, or $1.47 per share Natural gas and liquids production grows 4 percent per share Calgary, Alberta (July 21, 2011) (TSX, NYSE: ECA) delivered
More informationSAHARA ENERGY LTD. Management s Discussion and Analysis For the three and six months ended June 30, 2017
For the three and six months ended, 2017 The following management discussion and analysis ( MD&A ) of SAHARA ENERGY LTD. (the Company or Sahara ) for the three and six months ended, 2017 contains financial
More informationNEWS RELEASE NOVEMBER 7, 2018
NEWS RELEASE NOVEMBER 7, 2018 TOURMALINE DELIVERS STRONG Q3 EARNINGS AND CASH FLOW GROWTH, INCREASES 2018 EXIT AND 2019 PRODUCTION ESTIMATES AND REDUCES 2019 CAPITAL PROGRAM Calgary, Alberta - Tourmaline
More informationPENGROWTH ANNOUNCES FIRST QUARTER 2018 RESULTS, SETTING THE STAGE FOR DOUBLE-DIGIT PRODUCTION GROWTH IN 2018
NEWS RELEASE Stock Symbols: PGF - TSX PGH - NYSE PENGROWTH ANNOUNCES FIRST QUARTER 2018 RESULTS, SETTING THE STAGE FOR DOUBLE-DIGIT PRODUCTION GROWTH IN 2018 (Calgary, Alberta, May 1, 2018) Pengrowth Energy
More informationCRESCENT POINT ANNOUNCES STRATEGIC CONSOLIDATION ACQUISITION OF CORAL HILL ENERGY LTD. AND UPWARDLY REVISED 2015 GUIDANCE
PRESS RELEASE CRESCENT POINT ANNOUNCES STRATEGIC CONSOLIDATION ACQUISITION OF CORAL HILL ENERGY LTD. AND UPWARDLY REVISED 2015 GUIDANCE July 2, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS Management s discussion and analysis ( MD&A ) of financial conditions and results of operations should be read in conjunction with NuVista Energy Ltd. s ( NuVista )
More information% Crude Oil and Natural Gas Liquids
SELECTED FINANCIAL RESULTS Financial (000 s) Adjusted Funds Flow(4) Dividends to Shareholders Net Income/(Loss) Debt Outstanding net of Cash Capital Spending Property and Land Acquisitions Property Divestments
More informationENCANA CORPORATION. Market Access & Risk Mitigation. Renee Zemljak Executive Vice President, Midstream, Marketing & Fundamentals
ENCANA CORPORATION Market Access & Risk Mitigation Renee Zemljak Executive Vice President, Midstream, Marketing & Fundamentals ENCANA Delivering Quality Corporate Returns North American leader in: Generating
More informationBNK Petroleum Inc. Announces 4th Quarter and Annual 2013 results
760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone: (805) 484-3613 Fax: (805) 484-9649 TSX ticker symbol; BKX For Immediate Release BNK Petroleum Inc. Announces 4th Quarter and Annual 2013
More informationCommodity Hedging Overview
Commodity Hedging Overview February 24, 2016 The following information is current as of February 24, 2016. Memorial Resource Development Corp. (MRD) intends to update this information quarterly to the
More informationEagle Energy Inc. Announces Second Quarter 2018 Results and Previously Announced Sale of Twining Assets
NEWS RELEASE FOR IMMEDIATE RELEASE Eagle Energy Inc. Announces Second Quarter 2018 Results and Previously Announced Sale of Twining Assets Calgary, Alberta - August 9, 2018 (TSX: EGL): Eagle Energy Inc.
More informationHIGHLIGHTS Production Growth in Q1 2018: Increased Montney Condensate Production: Robust Greater Septimus Netbacks Support Adjusted Funds Flow:
Crew Energy Inc. (TSX: CR) ( Crew or the Company ) is pleased to announce our operating and financial results for the three month period. HIGHLIGHTS Production Growth in Q1 2018: At 25,939 boe per day,
More informationAnnual and Special Shareholder Meeting May 17, 2018
Annual and Special Shareholder Meeting May 17, 2018 2017 in Review Mandate: Increase light oil exposure Increase netbacks Reduce operating Costs Maintain dividend 2 Grande Prairie Acquisition (March 2017)
More informationEncana generates first quarter cash flow of US$1.2 billion, or $1.57 per share
Q12010 Encana generates first quarter cash flow of US$1.2 billion, or $1.57 per share Encana continues focus on capital discipline, operational efficiencies and per share growth Calgary, Alberta (April
More informationEncana Corporation. Management s Discussion and Analysis. For the period ended June 30, (U.S. Dollars)
Encana Corporation Management s Discussion and Analysis For the period ended June 30, 2010 (U.S. Dollars) Management s Discussion and Analysis This Management s Discussion and Analysis ( MD&A ) for Encana
More information