Journey Energy Inc.
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- Journey Energy Inc. (TSX: JOY; OTCQX: JRNGF) is a Canadian exploration and production company focused on conventional, oil-weighted operations in the province of Alberta within the Western Canada Sedimentary Basin; it engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs), including light/medium crude oil, heavy crude oil, tight/shale oil, coal-bed methane natural gas, conventional natural gas, and shale gas; the company also develops and operates power generation properties at facilities such as Gilby and Mazeppa, and sells condensates and NGLs. Incorporated in 2007 as Sword Energy Inc. and renamed Journey Energy Inc. in July 2012, it is headquartered at 517 - 10th Avenue SW, Suite 700, Calgary, Alberta, Canada T2R 0A8. Journey targets undercapitalized assets through drilling on core lands, secondary and tertiary flood projects including polymer usage, accretive acquisitions, and infrastructure development; its customers primarily comprise downstream refiners, processors, and power grid operators in western Canada. In fall 2022, Journey completed a transformational acquisition that expanded its asset base with low-decline, high free cash flow oil-weighted properties, significantly enhancing its development runway and shareholder return potential. More recently, in May 2024, the company entered a Duvernay light oil joint venture with Spartan Delta Corp., leading to the drilling of 10 gross (3.0 net) wells by mid-2025, with 9 (2.7 net) completed and on-production; these wells, approved under Alberta's Emerging Resources royalty program, have exceeded expectations with initial production rates averaging over 1,200 boe/d per well (86% liquids) and rapid capital payback. In 2025, Journey advanced its $54 million capital program, allocating $30 million to Duvernay drilling/completions (7 gross/2.1 net wells), $10 million to power projects nearing completion at Gilby (Q4 2025) and Mazeppa, and the balance to abandonments, land, seismic, and optimizations; it also divested minor non-core central Alberta assets for $6.6 million year-to-date, reducing asset retirement obligations by $7.2 million, while amending term debt repayment with Alberta Investment Management Corporation (AIMCo) to defer $12.4 million until September 2025. These initiatives support 2025 sales volumes guidance of 10,800-11,200 boe/d (60% crude oil and NGLs), adjusted funds flow of $68-70 million, and net debt of $41-43 million (0.6x AFF ratio).
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
Journey Energy Inc. Generates $19.6 Million in Adjusted Funds Flow in the First Quarter of 2025
Journey Enters into New Relationship with a Canadian Chartered Bank to Help Accelerate Future Duvernay Development
Journey Posts $5.1 Million of Net Income for 2024 and $51.7 Million of Adjusted Funds Flow
Journey Energy Inc. Announces Year-End 2024 Reserves; Begins Transformation to Higher Netback Liquids
Journey Energy Provides Preliminary 2025 Guidance and Term Debt Repayment Amendment