CALGARY, AB--(Marketwired - September 23, 2016) - Encana Corporation ("Encana") (TSX: ECA)(NYSE: ECA) announced today the completion of its public offering ("Offering") of 107,000,000 common shares ("Shares") of Encana at a price of US$9.35 per Share, for gross proceeds to Encana of approximately US$1 billion. In connection with the Offering, Encana has granted the underwriters, led by Credit Suisse Securities (Canada), Inc. and J.P. Morgan, a 30-day over-allotment option to purchase up to [Read more]
Archives for 2016
NEB says stalled review of Energy East Pipeline has cost $685,000
CALGARY - The National Energy Board says its review of the Energy East Pipeline cost at least $685,000 before members of the panel presiding over hearings into the development resigned, putting the exercise into limbo. Ninety per cent of the federal regulator's budget comes from the pipeline and energy companies it regulates, with the rest coming from public coffers. The figure includes costs from meetings with communities before the hearings began last month, the gathering of [Read more]
Paramount Resources Ltd. Announces the Monetization of Part of its Seven Generations Energy Ltd. Shares and Provides Operational Update
CALGARY, Sept. 22, 2016 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announces that it has monetized part of its holdings of 33.5 million common shares of Seven Generations Energy Ltd. ("7G") which were acquired in August as partial consideration for the sale of the Company's Musreau/Kakwa assets. Paramount has monetized an aggregate of 24.7 million 7G shares through sale transactions for gross proceeds of approximately $735 million. The Company has received [Read more]
Pan Pacific Oils Ltd.: Divestiture of P&NG and Oilsands Leases
Sayer Energy Advisors has been engaged to assist Pan Pacific Oils Ltd. and its internal partners (“Pan Pacific” or “the Company”) with the divestiture of its 151.5 sections of undeveloped P&NG leases located in various areas of Alberta, and its 93 sections of oilsands leases located in the Cold Lake, Driftwood and Athabasca areas of Alberta (the “Properties”). The Company’s preference is to sell the Properties for cash or cash plus an over-riding royalty. West of the Fourth Meridian, Pan [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Third Quarter 2016 Dividend
CALGARY, AB--(Marketwired - September 22, 2016) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that its Board has declared a dividend for the third quarter of 2016 of $0.01 per common share payable on or about October 31, 2016 to shareholders of record on September 30, 2016. The ex-dividend date is September 28, 2016. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). About Tidewater [Read more]
Latest water samples from oil-spill river show one is higher than guidelines
SASKATOON - The latest round of tests after an oil spill in the North Saskatchewan River has found one sample contained hydrocarbons that exceeded drinking-water standards. Patrick Boyle with the Saskatchewan Water Security Agency says 55 samples were taken. He says hydrocarbons are attaching to the sediment in the river and water treatment plants will be able to remove them. Boyle says 22 of the samples exceeded the limits for protection of aquatic life, which is two [Read more]
Forthcoming payments from energy companies to First-Nations could cause a politically explosive situation
There is an ongoing debate in this country around First-Nations’ self-governance and their relationship to the Crown. Under Prime Minister Harper, the previous Conservative Government made a concerted effort to fundamentally redefine this relationship. Harper’s unique approach to Aboriginal relations permitted Canada to reach new milestones in its long and complicated history with its Indigenous peoples. Some of the most admirable steps taken included the Government’s formal apology for the [Read more]
U.S. and Canadian aboriginal groups sign treaty to oppose oilsands development
MONTREAL - Canadian First Nations and U.S. tribal communities are stepping up their fight against Alberta's oilsands industry, vowing to stop the development and distribution of the province's crude across the continent. Indigenous leaders from nearly 100 aboriginal communities in Eastern and Western Canada and a few in the United States, including Standing Rock Indian Reservation in North and South Dakota, signed a treaty Thursday in Montreal and Vancouver. They plan to join [Read more]
Saskatchewan, B.C., toughen deposit requirements for cleanup of oil and gas wells
CALGARY - Companies buying energy assets in Saskatchewan and British Columbia are facing higher deposit costs for environmental remediation after a precedent-setting court case in Alberta that dealt with abandoned oil and gas wells. In a letter sent last month to operators of wells, pipelines and other energy assets in Saskatchewan, the provincial Ministry of Economy (ECON) warns that all applications to transfer government licences for wells as part of sales transactions will be treated [Read more]
XI AssetBook now includes recent news, courtesy of BOE Report
XI Technologies AssetBook clients can now treat themselves to company, area and play-specific news through a complimentary new module: BOE Report News. Through AssetBook's Areas and Ownership search, users can now select the news module and see the latest articles based on their search criteria. XI Technologies AssetBook is the industry’s most powerful web-based tool for summary information on all public and private companies in Western Canada. It is the best detailed listing of working [Read more]
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