Journey Energy, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Alex G. Verge
- Full Time Employees
- 50
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Centre 10 Calgary AB Canada T2R 0A8
- IPO Date
- Jun 12, 2014
- Website
- journeyenergy.ca
- Similar Companies
- Business
- Journey Energy Inc. (TSX: JOY) is a Calgary-based exploration and production company focused on conventional oil-weighted operations in the Western Canada Sedimentary Basin, primarily in Alberta; it engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs), including heavy and light/medium crude oil, coal-bed methane, and conventional natural gas; the company also develops and operates power generation properties, sells condensates and NGLs, and implements secondary and tertiary recovery projects such as waterfloods and polymer usage on its legacy oil pools. Founded in 2007 as Sword Energy Inc. and renamed Journey Energy Inc. in July 2012, it maintains headquarters at 517 10th Avenue SW, Calgary, Alberta, T2R 0A8, and targets undercapitalized assets to generate long-term value through drilling, optimization, and accretive acquisitions. Journey operates across key areas including Medicine Hat, Kaybob, Ferrier, Ante Creek, Countess, Gilby, Mazeppa, and Central Alberta's Duvernay light oil play, with sales volumes weighted approximately 20% heavy crude oil, 27% light/medium crude oil, 9% NGLs, 6% coal-bed methane, and 37% conventional natural gas. In recent developments, Journey entered a joint venture with Spartan Delta Corp. on May 7, 2024, to develop 128 sections in the Duvernay west shale basin, participating in multiple wells including 10 (3.0 net) drilled to date with strong initial production exceeding expectations, and forecasting $30 million net capital in 2025 for seven additional wells (2.1 net) capped at $100 million gross joint venture expenditures. The company continues advancing its power generation expansion, with the 15.1 MW Gilby project slated for completion in fourth-quarter 2025 and re-energization of the 16.5 MW Mazeppa facility acquired in 2023, aiming to boost power sales to the Alberta grid by over 350% for revenue diversification; in 2025, it amended term debt repayment terms with Alberta Investment Management Corporation (AIMCo) to defer near-term principal payments until September 2025, secured a new $55 million credit facility with a Canadian chartered bank in March 2025, and projects total capital spending of $50 million including $10 million for power projects. A transformational $140 million acquisition of oil-weighted assets closed in fall 2022 from Enerplus expanded production to approximately 14,200-14,600 boe/d pro forma and increased liquids weighting to 55%, bolstered by extensive seismic data and infrastructure for future development.
Company News
Journey Energy Announces Purchase of Strategic Infrastructure and Posts Updated Corporate Presentation
Journey Energy (OTCMKTS:JRNGF) & NGL Energy Partners (NYSE:NGL) Head-To-Head Analysis
Journey Announces Closing of Northwest Assets Disposition
Journey Announces Disposition of Assets
Journey Generates $18.5 Million of Net Income in the Second Quarter of 2026
Journey Announces Expansion to 2026 Capital Program, Increased Duvernay Drilling, and Provides Updated 2026 Production Guidance
Journey Energy Inc. Reports on Voting from the 2026 Annual Shareholders Meeting
Journey Announces Disposition of Non-Core Assets
Journey Energy Inc. Reports Its First Quarter 2026 Financial and Operating Results
Journey Posts $25.9 Million of Net Income and $71.0 Million of Adjusted Funds Flow for 2025
Journey Energy (JRNGF) Expected to Announce Earnings on Wednesday
Journey Energy Inc. Announces Year-End 2025 Reserves, Achieves Record Net Asset Value of $1 Billion or $14.17 per Fully Diluted Share
Sell Journey Energy, Buy Spartan Delta
Correction to November 5, 2025 Press Release
Journey Announces Third Quarter 2025 Financial and Operating Results
Journey Energy Inc. Announces Renewal of Its Normal Course Issuer Bid
Journey Announces Second Quarter 2025 Financial and Operating Results
Journey Energy Inc. Provides Encouraging Results from Its First Three 2025 Duvernay Wells
Journey Energy Inc. Reviews Its Current Intiatives with Water Tower Research
Journey Energy Inc. Reports on Voting from the 2025 Annual Shareholders Meeting