CALGARY, AB --(Marketwired - December 01, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the appointment of Claude Mongeau to its Board of Directors effective immediately. Mr. Mongeau was with Canadian National Railway Company for 22 years, including serving as the company's President & Chief Executive Officer for six and a half years before he stepped down from his role in July 2016. Mr. Mongeau has also held a number of other senior leadership roles during his business [Read more]
Archives for December 2016
B.C. plans to use ‘fair share’ pipeline money on environmental fund
VICTORIA - Premier Christy Clark says British Columbia will create an environmental fund with money that it expects to receive as part of a deal to support Kinder Morgan's pipeline expansion project. Clark said Thursday one of B.C.'s conditions for her government's acceptance of the $6.8 billion Trans Mountain project involves negotiating a fair share agreement with the energy company that reflects the risks associated with an oil pipeline and increased marine tanker traffic. [Read more]
PrairieSky Announces Royalty Transactions
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that it has completed 4 separate acquisition transactions for aggregate consideration of $117.3 million, representing approximately 460 BOE per day (83% liquids) of high quality royalty production and over 100,000 acres of mineral title and royalty lands. In the two largest transactions PrairieSky acquired a combined 3.95% royalty interest at Onion Lake, [Read more]
BlackPearl Announces the Sale of a Royalty Interest on Its Onion Lake Property for $55 Million
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce it has completed the sale of a minor gross overriding royalty interest on its Onion Lake property for $55 million. Under the terms of the agreement BlackPearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands. BlackPearl currently has conventional and thermal production of approximately 8,000 barrels [Read more]
Looking for information on oil and gas investments? Here’s the person to follow
Keep it simple. That’s the mantra of Keith Schaefer, editor and publisher of the Oil & Gas Investments Bulletin. The whole reason Mr. Schaefer started his subscription service in mid-2009 was because all the research on horizontal drilling and fracking used a lot of technical jargon and was hard for him to understand. He’s a journalist by training, and an investor by practice. He combined those two traits and made it his mission to give retail investors some simple, [Read more]
Questfire Energy Corp. Announces Credit Facility Extension to December 15, 2016, Closing of Asset Sale and Conversion of Class B Shares
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces that the Corporation and its syndicate of lenders have agreed to extend the maturity date under the Corporation's credit facilities from November 30, 2016 to December 15, 2016. Questfire also announces that it has closed an asset sale for proceeds of $7.55 million. The Corporation is actively pursuing further asset sales and investigating a [Read more]
Cenovus to hold conference call and webcast on 2017 budget
CALGARY, AB--(Marketwired - December 01, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its 2017 capital budget on Thursday, December 8, 2016. The news release will provide the company's outlook and expectations for 2017.A conference call and webcast to discuss the budget will be held for the investment community at 9 a.m. MT (11 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. [Read more]
Shell successfully completes project to increase production at its Western Canada refinery
Scotford Refinery debottlenecking will boost hydrocracker production capacity by 20% and enhance the facility's competitiveness CALGARY, Dec. 1, 2016 /CNW/ - Shell today announced it has successfully completed a major growth project at its Scotford Refinery near Edmonton, Alberta that will increase hydrocracker production capacity by 20%. The project was completed through the debottlenecking of the hydrocracker, a core refining unit for making transportation fuels, such as diesel and jet [Read more]
Lilis Energy To Present At The Capital One Securities 11th Annual Energy Conference On December 8, 2016
DENVER, Dec. 1, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that Ron Ormand, Executive Chairman of Lilis Energy, will be a featured presenter at the Capital One Securities 11th Annual Energy Conference, in New Orleans, Louisiana, on Thursday, December 8, 2016, at 9:40am. Mr. Ormand will be available for one-on-one meetings throughout the day. For more information on the conference or to schedule a meeting with Mr. Ormand, please visit [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for November 2016 Payable December 30th, 2016
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the November 2016 monthly cash dividend will be $0.10 per share and will be paid on December 30th, 2016. The record date for the dividend is December 15th, 2016 and the ex-dividend date is December 13th, 2016. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. [Read more]
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