CALGARY, Feb. 27, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to present the results of our 2016 year end oil and gas independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. ("McDaniels"). Whitecap achieved exceptionally low cost organic reserve additions and growth in 2016 after spending only $174 million of field capital (26% reduction compared to the previous year) which represented only 45% of our funds flow. [Read more]
Archives for February 2017
RSP Permian, Inc. Announces Results of Special Stockholders’ Meeting
DALLAS, Feb. 27, 2017 /PRNewswire/ -- RSP Permian, Inc. ("RSP" or "Company) (NYSE: RSPP) today announced that its stockholders approved the issuance of approximately 16 million shares of RSP common stock as partial consideration for RSP's acquisition of Silver Hill E&P II, LLC ("SHEP II"). As previously announced, affiliates of SHEP II will also receive approximately $646 million upon the closing of the SHEP II transactions. At the Company's special stockholder meeting held on February 24, 2017, [Read more]
Strategic Oil & Gas Ltd. Increases Reserves by 53% and Announces Share Consolidation
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce a 53% increase in proved and probable reserves to 19.6 MMboe at year-end 2016. In 2016 the Company invested $29.3 million in capital expenditures in drilling four delineation and four production wells at Marlowe. The invested capital added 7.5 MMboe of proved and probable reserves at a finding and development cost of $9.83 per boe, including [Read more]
Tamarack Valley Energy Ltd. Announces a 43% Increase in Proved Developed Producing Reserves and an Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce the results of its independent oil and gas reserves evaluation as of December 31, 2016, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"), summarized below. The reserves evaluation contained herein does not include the impact of the Spur Resources Ltd. acquisition that closed January 11, 2017 (the "Viking Acquisition"). Pro-forma reserves details including [Read more]
Vermilion Energy Inc. Announces 2016 Year-end Summary Reserves and Resource Information
CALGARY, Feb. 27, 2017 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2016 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release have been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") effective as at December 31, 2016 and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and [Read more]
Vermilion Energy Inc. Announces Results for the Year Ended December 31, 2016
CALGARY, Feb. 27, 2017 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the year ended December 31, 2016. The audited financial statements and management discussion and analysis for the three months and year ended December 31, 2016, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, [Read more]
Pulse Oil Corp. (Formerly Wolfpack Capital Corp) Announces Closing of Qualifying Transaction; Trading to Resume on TSX Venture Exchange
KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2017) -Pulse Oil Corp. ("Pulse" or the "Company") (TSX VENTURE:PUL) announces the closing of its Qualifying Transaction, as detailed in Pulse's Filing Statement dated February 15, 2017 that is filed on SEDAR. The TSX Venture Exchange (the "Exchange") has approved Pulse's proposed Qualifying Transaction to acquire all of the issued and outstanding shares of Hydrate Resources Corp. ("HRC") (the "Transaction") as recently described in Pulse's news [Read more]
Harvest Operations Announces Successful Refinancing
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) - Harvest Operations Corp. ("Harvest" or the "Company") announced that is has successfully refinanced $1.0 billion through the closing of a new term loan and the restructuring of an existing credit facility. On February 17, 2017, Harvest entered into an agreement with a Korean based bank that allowed Harvest to borrow $500 million through a three year fixed rate term loan. This term loan was drawn down today and proceeds were used to repay [Read more]
Energy Transfer Equity and Energy Transfer Partners File 2016 Annual Reports
DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced they have filed their respective annual reports on Form 10-K for the year ended December 31, 2016 with the Securities and Exchange Commission (SEC). ETE and ETP make available on their website, www.energytransfer.com, annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and other [Read more]
Cleanup of oil spill in Saskatchewan cost $107 million, Husky Energy says
CALGARY - A major oil pipeline spill last year in Saskatchewan cost $107 million to clean up, a $17-million increase from a September estimate of $90 million, according to pipeline operator Husky Energy (TSX:HSE) of Calgary. The pipeline rupture last July allowed 225,000 litres of heavy oil mixed with diluent to spill onto the bank of the North Saskatchewan River, with about 40 per cent or 90,000 litres reaching the river. "We haven't put the pipeline back in service because we [Read more]
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