Last C$4.00 CAD
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Volume 98.6K
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delphi energy corp (DEE) Snapshot

Open
C$4.00
Previous Close
C$3.95
Day High
C$4.06
Day Low
C$4.00
52 Week High
06/23/14 - C$4.60
52 Week Low
11/13/13 - C$1.30
Market Cap
619.5M
Average Volume 10 Days
1.4M
EPS TTM
C$-0.05
Shares Outstanding
154.9M
EX-Date
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P/E TM
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Current Stock Chart for DELPHI ENERGY CORP (DEE)

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delphi energy corp (DEE) Details

Delphi Energy Corp. acquires and explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Western Canada. The company primarily holds interests in the Bigstone, Hythe, and Wapiti/Gold Creek properties located in Northwest Alberta. Delphi Energy Corp. is headquartered in Calgary, Canada.

57 Employees
Last Reported Date: 03/28/14

delphi energy corp (DEE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$390.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$325.0K
Senior Vice President of Engineering
Total Annual Compensation: C$305.0K
Senior Vice President of Exploration and Dire...
Total Annual Compensation: C$290.0K
Vice President of Land
Total Annual Compensation: C$275.0K
Compensation as of Fiscal Year 2013.

delphi energy corp (DEE) Key Developments

Delphi Energy Corp. Provides Operations Update; Reports Operating Results for the Second Quarter of 2014

Delphi Energy Corp. provided the following operations update. Delphi has completed and tested its eighth and ninth horizontal Montney wells utilizing 30 stage slickwater hybrid completions. The 8-21-60-22 W5M ("8-21") and 2-7-60-22 W5M ("2-7") Montney wells were drilled from a common surface pad. The 8-21 well was drilled to a total depth of 5,580 metres with a horizontal lateral length of 2,692 metres and stimulated with a 30 stage slickwater hybrid completion. The well was produced on clean-up over an eight day period, recovering approximately 45% of the initial load frac water and was then shut-in to equip and pipeline connect the well for production. After running production tubing, the well produced, over the final 24 hours, at an average rate of 4.9 million cubic feet per day ("mmcf/d") of raw gas and 449 barrels per day ("bbls/d") of wellhead condensate (92 bbls/mmcf of raw gas). Total production for the 8-21 well over the final 24 hour period was approximately 1,347 barrels of oil equivalent per day ("boe/d"), with an estimated plant natural gas liquids ("NGL") yield of 36 bbls/mmcf of raw gas. Field condensate and plant NGL's represented 46% of the total production. The 2-7 well was drilled to a total depth of 5,614 metres with a horizontal lateral length of 2,702 metres and stimulated with a 30 stage slickwater hybrid completion. The well was produced on clean-up over a 5.5 day period, recovering approximately 30% of the initial load frac water and then shut-in to equip and pipeline connect the well for production. After running production tubing, the well produced, over the final 24 hours, at an average rate of 9.5 mmcf/d of raw gas and 498 bbls/d of wellhead condensate (53 bbls/mmcf of raw gas). Total production for the 2-7 well over the final 24 hour period was approximately 2,240 boe/d, with an estimated plant NGL yield of 36 bbls/mmcf of raw gas. Field condensate and plant NGL's represented 37% of the total production. Both wells are now on production and consistent with the previous slickwater fracture stimulated wells, will continue to recover load frac water over the next few months. Well performance during the initial 30 days of production has almost doubled, as observed in the 15-30 and 16-30 production performance where the two wells are approximately 400 metres (one spacing unit) apart. Longer term production performance has tripled when observing production rates after 180 days. Wellhead condensate production and yields have also improved by two to three times. On a longer term basis, the 10-27 well produced at an average rate of 1,019 boe/d for the first year. The company reported operating results for the second quarter of 2014. The company's production during the second quarter averaged approximately 10,200 boe/d (based on field estimates) exceeding guidance of 9,500 to 10,000 boe/d as a result of continued strong Montney well performance and less realized downtime from scheduled facility maintenance outages.

Delphi Energy Corp. Announces Earnings Results for the Quarter Ended March 31, 2014; Announces Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for Second Quarter 2014; Provides Earnings Guidance for Full Year 2014

Delphi Energy Corp. announced earnings results for the quarter ended March 31, 2014. For the quarter the company reported funds from operations of $20,409,000 or 0.12 diluted per share against $9,383,000 or 0.06 diluted per share for the same quarter a year ago. Net earnings of $723,000 against $56,000 for the same quarter a year ago. The company reported production results for the first quarter ended March 2014. For the quarter the company reported total production of 10,302 boe/d against 7,520 boe/d. Increased production to a record average 10,302 barrels of oil equivalent per day in the first quarter of 2014, an increase of 37% over the comparative quarter in 2013 and an increase of 15% over the fourth quarter of 2013. Improved cash netbacks per barrels of oil equivalent in the first quarter of 2014 by 59% to $22.02 per boe over the comparative quarter of 2013, resulting in record funds from operations of $20.4 million, a 118% increase over the first quarter of 2013 and an 80% increase over the fourth quarter of 2013. Production for the second quarter is expected to be 9,500 boe/d to 10,000 boe/d. The company expect Funds from Operations to be in between $60.0 million to $65.0 million for full year 2014.

Delphi Energy Corp., Q1 2014 Earnings Call, May 15, 2014

Delphi Energy Corp., Q1 2014 Earnings Call, May 15, 2014

 

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Price/Cash Flow 14.6x
TEV/Sales 4.4x
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