CALGARY, AB--(Marketwired - August 31, 2015) - MEG Energy Corp. (TSX: MEG) announces today that it has formed a committee of the board of directors and has retained BMO Capital Markets and Credit Suisse. The committee and the financial advisors will assist management in the review of options available to the Corporation to utilize its interest in the Access Pipeline to reduce the financial leverage of the Corporation. The committee consists of Boyd Anderson, Jeff McCaig and Jim McFarland. While [Read more]
Archives for August 2015
Rowan Provides Fleet Contract Status Update
HOUSTON, Aug. 31, 2015 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its report of drilling rig status and contract information has been updated as of August 31, 2015. The report titled "Fleet Status Report" can be found on the Company's website at www.rowan.com. Notable events in the current report include: Rowan Middletown: Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000. Charles Rowan: Awarded [Read more]
Fitch Affirms Devon Energy's Long-Term IDR at 'BBB+'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Devon Energy Corporation's (Devon; NYSE: DVN) Long-term Issuer Default Rating (IDR) at 'BBB+'. The Rating Outlook is Stable. Approximately $9.2 billion of standalone debt is affected by today's rating action, excluding approximately $2.8 billion of EnLink Midstream, LLC (NYSE: ENLC; general partner) and Enlink Midstream Partners, LP (NYSE: ENLK; limited partner) debt. The EnLink debt is consolidated on Devon's balance sheet for accounting [Read more]
Team Oil Tools Consolidates Liner Hanger Manufacturing in Conroe, Texas, Facility
THE WOODLANDS, Texas--(BUSINESS WIRE)--Team Oil Tools, Inc. (“Team”) is consolidating its Bakersfield, California, manufacturing operations with existing facilities in Conroe, Texas. The change involves manufacturing for Team’s Chancellor Oil Tool (“Chancellor”) product line. “This consolidation improves efficiency and streamlines our manufacturing process, while still enabling us to provide a complete product line of Liner Hangers,” said Adam Anderson, Team’s chief executive officer. “The [Read more]
Highbank Raising $500,000 Financing
VANCOUVER, BC--(Marketwired - August 31, 2015) - Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O), (the "Company"). The Company is arranging a non-brokered private placement to raise up to $500,000. The Company will be issuing up to 5.0 million units at $0.10 per unit. Each unit will consist of one common share and one two year transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of two years [Read more]
Petrolympic Announces Planning of Operations in Mitis Property and General Updates
TORONTO, Aug. 31, 2015 /CNW/ - Petrolympic Ltd. ("Petrolympic" or the "Company") (TSX-V: PCQ, OTCQB: PCQRF) is pleased to announce that a drilling location has been identified and field operations are being planned in its 100% owned Mitis property (the "Property") in the Gaspe/Lower St. Lawrence area. Petrolympic has identified several promising conventional drilling targets on the Property after reprocessing and reinterpreting its proprietary seismic data. Three of these targets are located [Read more]
Petrolympic annonce la planification d’opérations dans la propriété Mitis et des mises à jour générales
TORONTO, le 31 août 2015 /CNW/ - Petrolympic Ltd. (« Petrolympic » ou la « Compagnie ») (TSX-V: PCQ, OTCQB: PCQRF) est heureux d'annoncer qu'une localisation de forage a été identifiée et que des opérations sur le terrain sont en cours de planification dans sa propriété Mitis détenue à 100% (la « Propriété ») en Gaspésie/Bas-Saint Laurent. Petrolympic a identifié plusieurs cibles de forage conventionnelles prometteuses sur la Propriété après avoir retraité et réinterprété ses données sismiques [Read more]
Petrolympic Announces Planning of Operations in Mitis Property and General Updates
TORONTO, Aug. 31, 2015 /PRNewswire/ - Petrolympic Ltd. ("Petrolympic" or the "Company") (TSX-V: PCQ, OTCQB: PCQRF) is pleased to announce that a drilling location has been identified and field operations are being planned in its 100% owned Mitis property (the "Property") in the Gaspe/Lower St. Lawrence area. Petrolympic has identified several promising conventional drilling targets on the Property after reprocessing and reinterpreting its proprietary seismic data. Three of these targets are [Read more]
Questar Applies to Add Canyon Creek Acquisition to Wexpro II and Proposes Changes to Wexpro Model
SALT LAKE CITY--(BUSINESS WIRE)--Questar Corporation (NYSE:STR) subsidiary Questar Gas Company (Questar Gas) has submitted an application to the Public Service Commissions of Utah and Wyoming seeking approval to include the recently acquired Canyon Creek property as a Wexpro II development and production asset. In December 2014, Wexpro Company (Wexpro) closed on this $52.7 million acquisition of the remaining 30% ownership interest in natural gas producing properties in the Canyon Creek field, [Read more]
Whiting Petroleum Corporation President and CEO James J. Volker to Present at Barclays CEO Energy-Power Conference
DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) today announced that James J. Volker, Whiting’s President and CEO, will present at the Barclays CEO Energy-Power Conference at the Sheraton New York Times Square Hotel in New York City. Mr. Volker’s presentation will begin at 11:05 a.m. Eastern Daylight Time on Wednesday, September 9, 2015. Mr. Volker’s live presentation may be accessed on the Internet by logging onto the following link: [Read more]
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