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PrairieSky Announces First Quarter 2024 Results, Record Oil Royalty Production

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月曜日, 4月 22, 2024
NGL, Flood, Economics, Belly River, Helium, TSX, AECO, Acquisition, Triassic, Bank statement, Growth

PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter ("Q1 2024") operating and financial results for the three-month period ended March 31, 2024.

Key Points: 
  • PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter ("Q1 2024") operating and financial results for the three-month period ended March 31, 2024.
  • Royalty production volumes averaged 26,027 BOE per day and included record oil royalty production of 13,142 barrels per day, an 8% increase over Q1 2023 and a 2% increase over Q4 2023.
  • PrairieSky's positive oil royalty production momentum continued into Q1 2024 delivering a record 13,142 barrels per day.
  • Oil royalty production generated $92.3 million in royalty revenue in the quarter, 82% of total royalty revenue.

PrairieSky Announces 2023 Second Quarter Results, Including Record Oil Royalty Production

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月曜日, 7月 17, 2023
Risk, Duvernay, Bank statement, Wildfire, NGL, Lindbergh, Frost, MSCI, Acquisition, Natural gas, International Red Cross and Red Crescent Movement, SEDAR, WTI, AECO, Red, TSX, Growth, BOE, ESG, Music, Bank, Oil

CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2023") results for the three-month period ended June 30, 2023.

Key Points: 
  • CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2023") results for the three-month period ended June 30, 2023.
  • Record quarterly average oil royalty production of 12,607 barrels per day, a 3% increase over Q1 2023 and Q2 2022 with total royalty production averaging 23,517 BOE per day.
  • PrairieSky’s oil royalty production volumes grew organically during the quarter reaching 12,607 barrels per day, a 3% increase over Q1 2023 and Q2 2022.
  • PrairieSky’s Clearwater production continued its strong growth trajectory, averaging 1,800 BOE per day of royalty production in Q2 2023.

PrairieSky Announces 2022 Third Quarter Results and 100% Increase to Dividend

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月曜日, 10月 24, 2022
AECO, Mission statement, Transport, Growth, TSX, Natural gas, WTI, Belly River, Board of directors, Income, Company, Acquisition, Marketing, Board, Montney, British Columbia, NGL, BOE, GLOBE, Maintenance, Environment, SEDAR, Oil, Holding company, Music, Onion Lake Cree Nation, Cardium, Western Canada, Jurassic

Management expects the escalating drilling and field activity throughout 2022 and specifically in Q3 2022 to provide organic growth in royalty production volumes in the fourth quarter of 2022 and into 2023.

Key Points: 
  • Management expects the escalating drilling and field activity throughout 2022 and specifically in Q3 2022 to provide organic growth in royalty production volumes in the fourth quarter of 2022 and into 2023.
  • Throughout the first nine months of 2022, PrairieSky has generated organic growth across our land base with royalty volumes increasing by approximately 1,100 BOE per day (5%) from Q1 2022 to Q3 2022.
  • PrairieSky is pleased to announce a 100% increase in its quarterly dividend raising it to $0.24 per common share (annualized dividend of $0.96 per common share) effective for the December 30, 2022 record date.
  • Following the 100% dividend increase, PrairieSky expects to maintain a low payout ratio, leaving room for incremental dividend increases on an annual basis.

PrairieSky Announces 2022 Second Quarter Results, Record Oil Royalty Production and Funds From Operations; Publishes Annual Sustainability Report

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月曜日, 7月 18, 2022
Ethics, Acquisition, Duvernay, GRI, Disclosure, WTI, Mission statement, Natural gas, Snow, NGL, GLOBE, Task force, Carbon, Income, TSX, Growth, MSCI, AECO, SEDAR, World Economic Forum, Sustainability Accounting Standards Board, United Nations Global Compact, Risk, Industry, Company, BOE, WEF, Sustainability reporting, AAA, ESG, Frost, Oil, Renewable energy, Bank, Music, Security (finance), Central Alberta

Record average royalty production of 25,992 BOE per day, a 9% increase over Q1 2022 and 32% over Q2 2021 with oil royalty production reaching a record 12,220 barrels per day.

Key Points: 
  • Record average royalty production of 25,992 BOE per day, a 9% increase over Q1 2022 and 32% over Q2 2021 with oil royalty production reaching a record 12,220 barrels per day.
  • PrairieSky's royalty production volumes grew organically again in Q2 2022 to 25,992 BOE per day as new wells drilled in late 2021 and Q1 2022 came on production.
  • Oil royalty production averaged 12,220 barrels per day in the quarter, a 9% increase over Q1 2022 and a 33% increase over Q2 2021 excluding all acquisition royalty volumes.
  • PrairieSky's Clearwater production continued on its strong growth trajectory averaging 1,500 BOE per day of royalty production in Q2 2022, a 25% increase YTD 2022.

Vermilion Energy Inc. Announces Results for the Three and Nine Months Ended September 30, 2021

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火曜日, 11月 9, 2021

During Q3 2021 we achieved average production of 84,633 boe/d which was down slightly from the previous quarter primarily due to planned maintenance activity.

Key Points: 
  • During Q3 2021 we achieved average production of 84,633 boe/d which was down slightly from the previous quarter primarily due to planned maintenance activity.
  • The results from our 2021 drilling program have exceeded expectations from both a cost and production performance basis.
  • The 20-day planned turnaround in Australia was deferred from Q3 2021 to Q4 2021 to optimize work schedules.
  • Previously, he served as a member of the Board of Directors of Jagged Peak Energy, Parsley Energy Inc., and two private companies: Delonex Energy Limited and Hawkwood Energy LLC.

PrairieSky Announces 2021 Third Quarter Results and Sustainability-Linked Credit Facility

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月曜日, 10月 25, 2021
TD Securities, Montney, British Columbia, Research, Lead arranger, Line of credit, TD, West Texas Intermediate, Mission statement, Common, NGL, SEDAR, Cubic foot, SLL, ESG, TSX, Spirit River, Duvernay, Income, Company, BOE, Growth, Credit, Sustainalytics, Acquisition, Operation, GLOBE, RBC Capital Markets, AECO, Natural gas, Oil, Publishing, Lithium, Security (finance), Airline, Bank

CALGARY, Alberta, Oct. 25, 2021 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2021 ("Q3 2021").

Key Points: 
  • CALGARY, Alberta, Oct. 25, 2021 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2021 ("Q3 2021").
  • Credit facility expanded to $425 million, with a permitted increase to $500 million, and extended maturity to February 28, 2025.
  • On September 29, 2021, PrairieSky increased and extended its unsecured revolving credit facility to $425 million with a syndicate of Canadian banks and incorporated sustainability-linked performance criteria to establish a Sustainability-Linked Credit Facility (SLL Credit Facility).
  • In conjunction with establishing the SLL Credit Facility, PrairieSky has extended the term to a maturity date of February 28, 2025.

PrairieSky Announces 2020 Fourth Quarter and Year End Results, a Royalty Asset Acquisition, and an 8% Dividend Increase

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月曜日, 2月 8, 2021
Expense, Intellectual property law, Patent law, Royalty payment, Q3

Royalty production averaged 19,281 BOE per day (50% liquids) and included an 11% increase in oil production from Q3 2020.

Key Points: 
  • Royalty production averaged 19,281 BOE per day (50% liquids) and included an 11% increase in oil production from Q3 2020.
  • The acquired royalty assets are comprised of producing and significant undeveloped royalty interests and PrairieSky expects to add approximately 650 BOE per day of production (44% liquids).
  • PrairieSky retired over 35% of its debt during Q4 2020, maintaining a strong and flexible balance sheet at year end.
  • Q4 2020 royalty production volumes increased 3% to 19,281 BOE per day from 18,745 BOE per day in Q3 2020 and generated $43.6 million in royalty production revenue, a 14% increase from Q3 2020.