WASHINGTON - The White House says it would be willing to consider a bill authorizing construction of Canada's Keystone XL pipeline, should the new Republican-dominated U.S. Congress produce such legislation.Republicans have made it clear they'll try using their new power to force Barack Obama to approve the long-delayed project, through legislation for him to sign.But whether the president would actually sign such a bill or automatically veto it remains an open question — one Obama's spokesman [Read more]
Archives for November 2014
Fontaine says First Nations talks on Energy East on the right path
CALGARY - Engaging with aboriginal groups along the route of the proposed Energy East pipeline hasn't been without its challenges, but the former chief of the Assembly of First Nations believes TransCanada Corp. (TSX:TRP) is on the right track.Phil Fontaine has been working with TransCanada on the community outreach aspect of Energy East, a $12-billion proposed pipeline that would ship Alberta crude to refineries and export terminals in Quebec and New Brunswick."I've really been impressed with [Read more]
Long Run Exploration Ltd. Announces 2014 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - LONG RUN EXPLORATION LTD. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce our third quarter financial and operational results. Long Run is focused on providing long-term value to shareholders through a sustainable dividend model. Throughout the commodity price cycle, we remain committed to protecting our dividend through active portfolio management, proactive hedging and a focus on cost efficiencies. THIRD QUARTER 2014 [Read more]
Crescent Point Energy Announces Third Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2014. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended September 30, 2014, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR [Read more]
Tuscany Reports Record Monthly Production of 940 BOEd in October, Updates Drilling Plans
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that corporate net production for the month of October 2014 averaged approximately 940 BOEd (84% oil), the highest in the Company's history. This increase in production was due to the drilling and tie-ins of new Dina horizontal wells at Macklin and Evesham Saskatchewan and increased production from existing wells due to enhanced water disposal capability added in September 2014. The [Read more]
Blackbird Energy Inc. Announces Acquisition of 10 Additional Montney Sections at Elmworth
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has acquired a 100% working interest in 10 additional sections (6,400 net acres) of Montney rights from four separate vendors that are contiguous or within one mile of Blackbird's existing western Elmworth acreage, which represents a 28% increase. With the completion of these multi-transactional series of acquisitions Blackbird now holds 100% [Read more]
Surge Energy Inc. announces record third quarter production and funds from operations
CALGARY, Nov. 6, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces record financial and operating results for the three and nine month periods ended September 30, 2014. FINANCIAL AND OPERATING SUMMARY ($000s except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2014 2013 % change 2014 2013 % change Financial highlights Oil and [Read more]
Canadian Natural Resources Limited Announces 2015 Budget
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Commenting on the Company's 2015 budget, Steve Laut, President of Canadian Natural, stated, "Canadian Natural targets to have significant production growth of 11% in 2015 over 2014 levels, up to a midpoint of 893,000 barrels of oil equivalent per day. Cash flow is targeted to be approximately $9.4 billion in 2015, and free cash flow is targeted to be approximately $800 million, after 2015 capital. This production growth results from targeted [Read more]
Canadian Natural Resources Limited Announces 2014 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Commenting on third quarter results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ), stated, "Canadian Natural continued the effective execution of our proven strategy. Our strong, well-balanced asset base generates free cash flow to fund our transition to longer life, low decline assets. Quarterly production increased by approximately 94,000 barrels of oil equivalent per day over third quarter 2013 levels, representing a 13% [Read more]
Paramount Announces Third Quarter 2014 Results and Record October 2014 Sales Volumes
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - Paramount Resources Ltd. (TSX:POU) THIRD QUARTER OVERVIEW Oil and Gas Operations Paramount's sales volumes reached approximately 40,000 Boe/d in early-October 2014, the highest level since the 2005 Trilogy Energy spin-out, including approximately 30,000 Boe/d in the Kaybob COU and 9,000 Boe/d in the Grande Prairie COU. The Company's October 2014 average monthly sales volumes were approximately 34,000 Boe/d, 65 percent higher than [Read more]
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