Logan Energy Corp. Reports Record Production Despite Market Challenges
Logan Energy Corp., a Calgary-based firm, announced record-breaking production for the third quarter of 2025, reaching 15,046 barrels of oil equivalent per day (BOE/d). This represents a substantial 51% increase compared to the same period in 2024.
The impressive operational performance translated into strong financial results, with adjusted funds flow surging 77% year-over-year to $31.2 million. This comes despite a period of weaker oil and natural gas prices impacting the broader industry. The company also strategically reduced its decommissioning obligations by $4.7 million through an asset disposition in northeastern British Columbia. As of September 30, Logan’s net debt stood at $101.7 million, supported by an expanded $150 million credit facility.
Logan's focus on its Montney and Duvernay assets aligns with a broader trend in Calgary's energy sector. These formations are widely recognized as premier resource plays, central to significant investment and consolidation activity in the region. Despite ongoing fluctuations in commodity prices, particularly weak natural gas prices in Western Canada, Calgary’s energy sector continues to demonstrate resilience and adapt to evolving market conditions. Companies like Logan Energy are leveraging strategic assets to drive growth and maintain a strong financial footing in a dynamic environment, underscoring the city's enduring role in the energy landscape.
