BNET Industries
Market Cap:$91.8M
Last Fiscal Year Sales:$97.9M
- Public
- CA
Dow Jones Description
Enterra is a Canadian oil and gas trust with trust units listed on the Toronto Stock Exchange (ENT.UN) and the New York Stock Exchange (ENT). The Trust's head office is located in Calgary, Alberta and its United States office is located in Carney, Oklahoma. The Trust's portfolio of crude oil, natural gas liquids and natural gas interests is geographically diversified and is balanced between natural gas and liquids production. The Trusta s properties are located principally in Alberta, British Columbia, Saskatchewan and Oklahoma. In pursuing the Trust's Growth Strategy, Enterra seeks to manage the risk to unitholders by following a number of operating principles. These principles are intended to maximize flexibility and the ability to capitalize on opportunities, while reducing the volatility and increasing the predictability of distributions. These operating principles include: - diversifying the source of production geographically so that Enterra is less dependent on one market for production or one area for future development; - maintaining a reasonable balance among crude oil production, natural gas liquids production and natural gas production, so that Enterra is less vulnerable to short term price fluctuations for any single commodity; - seeking high working interests, operatorship and ownership of associated infrastructure, so that the Trust is better able to control the pace and timing of capital expenditures; - maintaining a multi-year inventory of lower-risk...
President & CEO
E. Keith ConradNumber of Employees 143
Contact Information
2600 500 4th Avenue SW
Calgary, Alberta T2P 2V6
(403) 263-0262
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
-
Bay Street Stocks Move Modestly Higher As Gold Holds Record Levels
-
Enterra Energy Trust Continues to Strengthen Balance Sheet
News & Analysis
Filter by
enterra energy trust - All News and Analysis
Enterra Energy Trust Announces Departure of Senior Vice President and Chief Operating Officer
Enterra Energy Trust ("Enterra", "We" or the "Trust") announced that James Tyndall has made the decision to leave his role as Senior Vice President and Chief Operating Officer effective August 14, 2009. "We are grateful for Mr. Tyndall's efforts since he joined the Trust in 2006 and wish...
Enterra Energy Trust Announces Q2 2009 Financial and Operating Results
Enterra Energy Trust ("Enterra", "We", "Our" or the "Trust") announces its financial and operating results for the three and six months ended June 30, 2009. "During the second quarter of 2009 we have continued to strengthen our balance sheet and also further reduced operational and overhead costs...
Enterra Energy Trust's Credit Facility Renewed
Enterra Energy Trust's ("Enterra", "We", "Our" or the "Trust") annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California. The credit facility revolving period has been renewed until June 25, 2010 and...
Enterra Energy Trust's Credit Facility Renewed.
CALGARY, ALBERTA, Jun 11, 2009 Marketwire via COMTEX -- Enterra Energy Trust's ("Enterra", "We", "Our" or the "Trust") annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California....
Enterra Compliant with NYSE US$1.00 Unit Price Continued Listing Standard
Enterra Energy Trust ("Enterra", "We", "Our" or the "Trust") has received notice from the New York Stock Exchange ("NYSE") that it is now in compliance with the minimum US$1.00 Unit Price Continued Listing Standard, with its units having traded above US$1.00 over the last 30 days on the...
Enterra Compliant with NYSE US$1.00 Unit Price Continued Listing Standard.
CALGARY, ALBERTA, Jun 2, 2009 Marketwire via COMTEX -- Enterra Energy Trust ("Enterra", "We", "Our" or the "Trust") has received notice from the New York Stock Exchange ("NYSE") that it is now in compliance with the minimum US$1.00 Unit Price Continued Listing Standard, with...
Enterra Energy Trust Implements a Normal Course Issuer Bid for its Convertible Debentures
Enterra Energy Trust ("Enterra", "We", "Our" or the "Trust") announces that it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid for its 8.25% convertible unsecured subordinated debentures (the "8.25% Debentures") and its 8.00% convertible unsecured subordinated debentures (the "8.00%...
Enterra Energy Trust Implements a Normal Course Issuer Bid for its Convertible Debentures.
CALGARY, ALBERTA, May 28, 2009 Marketwire via COMTEX -- Enterra Energy Trust ("Enterra", "We", "Our" or the "Trust") announces that it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid for its 8.25% convertible unsecured subordinated...
Enterra Energy Trust Announces Election of John Brussa to Board of Directors
Enterra Energy Trust ("Enterra" or the "Trust") is pleased to announce the election of John Brussa to its board of directors at the Annual General Meeting held on May 15, 2009. Don Klapko, President and CEO commented, "John is going to be a tremendous asset to our board....
Enterra Energy Trust Announces Election of John Brussa to Board of Directors.
CALGARY, ALBERTA, May 21, 2009 Marketwire via COMTEX -- Enterra Energy Trust ("Enterra" or the "Trust") is pleased to announce the election of John Brussa to its board of directors at the Annual General Meeting held on May 15, 2009. Don Klapko, President and ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| E. Keith Conrad | President & CEO |
| Blaine Boerchers | Chief Financial Officer |
| James Tyndall | Senior Vice President Operations & Coo |
| John Chimahusky | Senior Vice President & Coo, U.S. Operations |
| John Kalman | CFO |
| Kim Booth | Vice President & Coo, U.S. Operations |
| Thomas J. Jacobsen | COO |
| John F. Reader | Senior Vice President Corporate Development |
| Mark Rupert | Vice President U.S. Operations |
| Don C Klapko | Director |
| Mike Doyle | Director |
| Roger Giovanetto | Director |
| Victor Dusik | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Peter Carpenter | Chairman |
| H.S. Hartley | Board of Directors |
| Norman W. Wallace | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | President & CEO | Current |
| Enterra Energy Trust | Board of Directors | Current |
| Macon Resources, Inc | Chairman | Former |
| University of Alberta | Bachelors of Arts and Law Degrees | Former |
Blaine Boerchers is a Chartered Accountant and a Certified Public Accountant (Texas) with over 20 years of experience in the energy industry, most recently as Vice President of Finance with Nabors Drilling. Mr. Boerchers has previously been Chief Financial Officer of Airborne Energy Solutions Ltd. and has held various senior finance positions with Halliburton Group Canada Inc. During his 12 years of service with Halliburton, he also spent 4 years in Dallas, Texas with Halliburton’s International Tax department in various roles. Mr. Boerchers holds a Bachelor of Commerce degree from the University of Calgary. Mr. Boerchers joined Enterra in October 2007.
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Chief Financial Officer | Current |
| Airborne Energy Solutions | Chief Financial Officer | Former |
| Halliburton Company | Former | |
| University of Calgary | Bachelor of Commerce Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Senior Vice President Operations & Coo | Current |
| University of Saskatchewan | Bachelor of Science Degree In Engineering | Former |
John Chimahusky is a petroleum geologist with over 25 years of domestic and international oil and gas industry experience. Most recently, he was President of Kirkpatrick Oil Company, Inc., a private exploration and production company based in Oklahoma City which has assets primarily in the Mid-Continent and Permian Basin. Prior to that Mr. Chimahusky had a 25-year career with ConocoPhillips and its predecessor, Phillips Petroleum Company. He held various senior positions in Oklahoma, Texas and Norway, culminating as Exploration Manager, Former Soviet Union. He holds a Bachelor of Science degree in Environmental Geology from the University of Mississippi and a Masters degree in Geology from Memphis State University. Mr. Chimahusky joined Enterra in December 2007.
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Senior Vice President & Coo, U.S. Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Altex Corporation | CEO | Current |
| Enterra Energy Trust | Vice President & Coo, U.S. Operations | Current |
| Oklahoma State University | Bachelor of Science Degree In Petroleum Engineering Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | COO | Current |
John Reader is a Professional Geological Engineer with over 25 years of resource industry experience. Recently he culminated an 18-year career with ChevronTexaco Corporation as Canadian Business Development Manager, with prior experience as Mergers and Acquisitions Manager, and various other supervisory roles. Mr. Reader was appointed Vice President, Operations and Engineering of Enterra in October 2005 and was promoted to Senior Vice President Corporate Development in June 2006. Mr. Reader holds a Bachelor of Applied Science degree from the University of British Columbia and a Master of Business Administration from the University of Calgary.
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Senior Vice President Corporate Development | Current |
| Enterra Energy Trust | Vice President, Operations & Engineering | Former |
| Memphis State University | Masters Degree In Geology | Former |
| University of Calgary | Master of Business Administration | Former |
| University of British Columbia | Bachelor of Applied Science Degree | Former |
| University of Mississippi | Bachelor of Science Degree In Environmental Geology | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Vice President U.S. Operations | Current |
| The University of Oklahoma | Bachelor of Science Degree In Petroleum Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Chairman | Current |
| Gold Point Energy Corp | Director | Current |
| The University of Western Ontario | MBA | Former |
| University of Alberta | B.Sc. In Chemical Engineering | Former |
Don Klapko has over 30 years of oil and gas industry experience with the last nine years directly involved at the executive management level, most recently as President and Director of Trigger Resources Ltd., a private exploration and production company, and prior to that at Rio Alto Exploration Ltd. as Vice President of Operations. Earlier, Mr. Klapko worked in various technical and supervisory positions in oil and gas facilities, mechanical and operations functions. Mr. Klapko holds a Mechanical Engineering Technology Diploma from Kelsey Institute in Saskatchewan. He joined Enterra’s Board of Directors in June 2008.
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Canpetro International | Principal | Current |
| Dragon House Productions, Inc. | Head of Legal Affairs | Current |
| Madison Petrogas Ltd | Board of Directors | Current |
| Enterra Energy Trust | Director | Current |
| Capitalmarketgroup.Com | Former | |
| University of British Columbia | Bachelor of Laws degree | Former |
| University of Victoria | Bachelor of Arts with Distinction | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Board of Directors | Current |
Roger Giovanetto, Director - Roger Giovanetto has been President of R&H Engineering, Ltd., a metallurgical, materials and corrosion engineering services company for more than five years. During his career, he has developed and managed oilfield chemical operations, corrosion consulting companies and started a publicly traded junior oil and gas company in Alberta. Mr. Giovanetto has also been instrumental in developing business operations in Siberia, where he specialized in renovating existing oilfields, and has established several chemical manufacturing facilities in Siberia and Iran. Mr. Giovanetto holds a B.Sc. in Metallurgical Engineering from the University of Alberta and is a member of APEGGA and other professional oil and gas organizations. Mr. Giovanetto joined Enterra's Board of Directors in May 2006. Top
| Organization | Position | Status |
|---|---|---|
| Apegga | Board of Directors | Current |
| Enterra Energy Trust | Director | Current |
| University of Alberta | B.Sc. In Metallurgical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Enterra Energy Trust | Director | Current |
| Taylor Ngl Limited Partnership | Director | Former |
Executive News
-
Enterra Energy Trust Announces Departure of Senior Vice President and Chief Operating Officer
-
Enterra Energy Trust Continues to Strengthen Balance Sheet
-
Enterra Energy Trust Announces Departure of Senior Vice President
-
Enterra Energy reports widened second - quarter loss as revenue plunges
-
Enterra Energy Trust Announces Q2 2009 Financial and Operating Results
-
Enterra Energy Trust Announces Q2 2009 Financial and Operating Results
-
Enterra Energy Trust Announces Q2 2009 Financial and Operating Results
-
Enterra Energy Trust Announces Q2 2009 Financial and Operating
-
Enterra Energy Trust Announces Q2 2009 Financial and Operating Results
| Volume | 174,641 |
| Shares Outstanding | 64.7M |
| Market Cap | 91.8M |
| Year High | 1.84 |
| Year Low | 0.41 |
| Earnings Per Share | -0.036630 |
| P/E Ratio | N/A |
| Dividend | 0.00 |
| Yield | 0.00 |
Industry Transcripts by Seeking Alpha
-
Atwood Oceanics Inc. F4Q09 (Qtr End 30/09/09) Earnings Call Transcript.
on Nov 24, 2009about ATW
-
StealthGas Inc. Q3 2009 Earnings Call Transcript
on Nov 17, 2009about GASS
-
WGL Holdings Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Nov 13, 2009about WGL
-
ORMAT Technologies Inc. Q3 2009 Earnings Conference Call Transcript
on Nov 12, 2009about ORA
-
Evolution Petroleum Corp F1Q10 (Qtr End 30/09/09) Earnings Call Transcript
on Nov 12, 2009about EPM
IndustryTop Rated
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit 4 votes
- Trina Solar: Still Struggling to Bring Manufacturing Costs in Line With Falling Prices 3 votes
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs 3 votes
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor 3 votes
- Spudding Restart in Pennsylvania Key to Cabot Oil & Gas Success 2 votes

