CALGARY, Feb. 25, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX:CQE.TO - News) is pleased to announce that it has entered into agreements with Donnybrook Energy Inc. ("Donnybrook") (TSX:DEI.V - News) pursuant to which Cequence has agreed to acquire Donnybrook's interests in its oil and gas properties located in the Simonette and Resthaven areas of Alberta (the "Donnybrook Assets"). As consideration for the assets, Cequence will transfer its interest in its non-operated oil and gas [Read more]
Archives for February 2013
Strategic Oil & Gas Ltd. Announces Year-End Reserves and Provides Operations Update
CALGARY, ALBERTA--(Marketwire - Feb 25, 2013) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce its year-end reserves and provide an update on its first quarter drilling program. RESERVES In accordance with National Instrument 51‐101 ‐ Standards of Disclosure for Oil and Gas Activities ("NI 51‐101"), the Company''s oil, natural gas and natural gas liquids ("NGL") reserves were evaluated by an independent engineering firm, McDaniel and [Read more]
South leg of Keystone XL from Oklahoma to Texas hits halfway mark
OKLAHOMA CITY - While the debate continues over whether the United States will approve a proposed oil conduit from Canada to the Gulf Coast, the segment from Cushing, Okla., to the Texas Gulf Coast is halfway toward completion and could be transporting oil by the end of the year. President Barack Obama travelled to Oklahoma nearly a year ago to tout construction of TransCanada's Keystone XL pipeline from the Cushing oil hub to Houston-area refineries. A decision on whether to allow [Read more]
Canada rig count continues to rise week over week
[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`504`158`662 Last Week`500`151`651 Last Year`526`175`701 Week over Week Change`+4`+7`+11 Year over Year Change`-22`-17`-39[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]
Baytex Signs Agreement to Deliver Produced Gas for Power Generation in Peace River Area
CALGARY, ALBERTA--(Marketwire - Feb 22, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) has signed a 10-year agreement with Genalta Power Inc. ("Genalta") whereby the majority of excess gas associated with its Peace River area heavy oil production will be delivered to a power generating facility being constructed by Genalta in the area. Baytex will construct a pipeline that will connect its existing integrated gas collection system in the Harmon Valley and West Harmon areas to the Genalta [Read more]
Western Energy to acquire IROC Energy in $193.7M deal, including debt
CALGARY - Contract oil driller Western Energy Services Corp. (TSX:WRG) saw its stock drop more than seven per cent Friday after announcing plans to buy IROC Energy Services Corp. (TSXV:ISC). The transaction, valued at $193.7 million, includes $36.6 million in debt. Western is offering a combination of $1.24 in cash and 0.2338 of a Western share for each share of the Red Deer, Alta.-based well servicing and oilfield equipment rental company. The combination, worth $3.10 per [Read more]
Enerplus Delivers 9% Production Growth and 190% Reserve Replacement in 2012
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the [Read more]
PetroBakken Announces 2012 Reserves Replacing 229% of 2012 Production and Achieving Proved Plus Probable FD&A Costs of $11.91/boe and F&D Costs of $26.74/boe
CALGARY, ALBERTA--(Marketwire - Feb 21, 2013) - PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to announce the Company''s 2012 year-end reserves and provide an operational update. Unless otherwise noted, all reserves herein are "Company Interest" reserves, which represent the Company''s working interest and royalty interest share of reserves, before deduction of the Company''s royalty obligations. All values in this press release are based on Sproule''s forecast [Read more]
Will new head of the US Environmental Protection Agency bode badly for Keystone XL?
WASHINGTON - U.S. President Barack Obama is poised to nominate his "green quarterback," a longtime air quality expert who has been a champion for tougher carbon emissions standards, as head of the powerful Environmental Protection Agency. Gina McCarthy, who currently heads the EPA's Office of Air and Radiation, reportedly has the inside track to replace Lisa Jackson, who officially stepped down from the agency last week. The 58-year-old McCarthy's ascension proves the president [Read more]
Redford heads to Washington to lobby for Keystone XL
EDMONTON - Alberta Premier Alison Redford says she is heading to Washington this weekend to lobby for the Keystone XL pipeline and she remains confident it will be approved. Redford says Albertans have the same environmental concerns as Americans do over the province's oilsands and her government is taking steps to minimize 'climate change'. The premier is to meet in the U.S capital with state governors and with Canada's U.S. ambassador Gary Doer. President Barack Obama's [Read more]
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