CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects to rate Pioneer Natural Resources Co.'s (Pioneer; NYSE: PXD) senior unsecured notes 'BBB-'. The company intends to use the net proceeds for general corporate purposes, including funding the repayment or repurchase of the 5.875% senior notes due 2016 and 6.65% senior notes due 2017. Pioneer expects to issue approximately $1 billion in notes with 2021 and 2026 maturities. KEY RATING DRIVERS Pioneer's ratings reflect its liquid-focused onshore [Read more]
Archives for November 2015
Petrus Resources Ltd. Announces Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to report operating and financial results for the third quarter of the 2015 fiscal year. • Production in the third quarter averaged 8,668 boe per day (38% oil and liquids), an increase of 76% compared to 4,928 boe per day (41% oil and liquids) in the third quarter of 2014. Since mid-January, a portion of the Company's sales volume (affecting three of the four operating areas) [Read more]
Gear Energy Ltd. Announces Closing of $25.8 Million Financing
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the closing of its previously announced $25.8 million financing. Pursuant to the financing, Gear has issued and sold through a syndicate of underwriters co-led by GMP Securities L.P. and Peters & Co. Limited: (i)12,000,000 common shares ("Common Shares") of the Company at a price of $0.75 per Common Share for gross proceeds of $9.0 million issued pursuant to a [Read more]
Shell takes final investment decision to expand Alpha Olefins production at Geismar chemical plant in US Gulf Coast
HOUSTON, Nov. 30, 2015 /CNW/ -- Shell Chemical LP (Shell) today announces the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world. Shell will construct a fourth AO unit, adding 425,000 tonnes of capacity. The chemical site is used in the production of stronger and lighter polyethylene plastic for packaging and bottles, as well as engine and industrial oils and drilling [Read more]
Tuscany Announces New Heavy Oil Pool Discovery
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it has drilled and cased a new Dina heavy oil pool discovery at Winter, Saskatchewan. The Tuscany Winter HZ 91/5-36-42-25W3 encountered 713 metres of porous oil saturated sand in the Dina zone. Tuscany plans to have the well on production within a week. Tuscany also has current plans to shoot seismic over its Sparky play at Macklin, Saskatchewan, to help define the potential [Read more]
Titanium Corporation Reports Fiscal Year End Results, and Announces the Annual General Meeting Date
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today released its results for the fourth quarter and fiscal year ended August 31, 2015. The Company made significant progress toward the adoption and commercialization of its CVW™ sustainable technology over the past year including reaching agreements with an oil sands operator that provides a framework for future projects for bitumen and minerals [Read more]
Southern Company subsidiary acquires first solar project in Texas
ATLANTA, Nov. 30, 2015 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of a controlling interest in the 157-megawatt (MW) Roserock solar facility – the company's first solar project in Texas – from Recurrent Energy, one of North America's largest solar developers. The latest addition to one of America's largest renewable portfolios, the facility is being developed by Recurrent Energy, a subsidiary of Canadian Solar Inc., which will retain the remaining [Read more]
Pan Orient Energy Corp.: $0.40 Per Share Special Distribution Planned
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to announce that it plans to pay a $0.40 per share special distribution to shareholders, subject to shareholder and regulatory approval. The distribution is intended to be a return of capital, which will require shareholder approval. Pan Orient anticipates that the required shareholder meeting will be held in mid-February 2016. If approved by [Read more]
Pembina Pipeline Corporation Announces 2016 Capital Program of $2.1 Billion
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Nov. 30, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its [Read more]
Pembina Pipeline Corporation Announces 2016 Capital Program of $2.1 Billion
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Nov. 30, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board [Read more]
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