CALGARY, ALBERTA--(Marketwired - March 1, 2017) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) is pleased to report operating and financial results for the fourth quarter and 2016 fiscal year. A 76% operating margin1 and 17% profit margin2 allowed Peyto to record its 17th year of consecutive earnings and achieve a 6% return on capital employed and a 7% return on equity in 2016. This level profitability was achieved despite challenging commodity prices that [Read more]
Archives for March 2017
Devon Energy Announces Second-Quarter 2017 Cash Dividend for Common Stockholders
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the second quarter of 2017. The dividend is payable on June 30, 2017, at a rate of $0.06 per share based on a record date of June 15, 2017. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]
Gibsons Receives $412 Million and Grants Option to Superior Plus LP to Acquire Industrial Propane Business
CALGARY, ALBERTA--(Marketwired - March 1, 2017) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today that it has granted an option (the "Option Right") to Superior Plus LP ("Superior LP"), a wholly owned subsidiary of Superior Plus Corp. ("Superior"), and received a non-refundable payment of $412 million in cash proceeds, subject to certain adjustments, all in accordance with the terms of the previously [Read more]
Rice Midstream Partners Announces Filing of 2016 Annual Report
CANONSBURG, Pa., March 1, 2017 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) ("RMP") today announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2016 with the Securities and Exchange Commission (SEC). A copy of the annual report is available for download on RMP's website at www.ricemidstream.com and on the SEC website at www.sec.gov. RMP unitholders may receive printed copies of the annual report, free of charge, by emailing [Read more]
Birchcliff Energy Ltd. Announces Declaration of First Common Share Quarterly Dividend and Preferred Share Dividends
CALGARY, ALBERTA--(Marketwired - March 1, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.025 per common share for the calendar quarter ending March 31, 2017 on Birchcliff's outstanding common shares. The dividend is payable on March 31, 2017 to shareholders of record at the close of business on March 15, 2017. This is the first quarterly dividend that has been declared on [Read more]
Contango Announces Fourth Quarter and Year-End 2016 Earnings Release and Conference Call Schedule
HOUSTON, March 01, 2017 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE MKT:MCF) announced today it expects to issue its fourth quarter and year-end 2016 earnings release after the market close on Wednesday, March 15, 2017. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Thursday, March 16, 2017 at 9:30am Central Daylight Time. Those interested in participating in the earnings conference call may do so by calling the [Read more]
A leaner oilpatch emerges from the downturn as technology advances replace jobs
CALGARY - Tens of thousands of oil and gas workers laid off during the downturn have been waiting for the patch to get back on its feet, but many of the jobs could be gone for good. A rapid change in technology is playing out across the industry, after plummeting crude prices that began in 2015 forced companies to cut jobs and other costs wherever they could over the past two years. Now, with oil holding steady above US$50 a barrel since December after having bottomed out to [Read more]
Point Loma Resources Ltd. Announces Closing of the Acquisition of Oil & Gas Assets
CALGARY, AB--(Marketwired - March 01, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has closed the previously announced agreement (January 24, 2017) to acquire oil & gas assets, effective January 1, 2017, from a private oil and gas company (the "Acquisition") with the issuance of three million three hundred and fifty thousand shares of Point Loma. Highlights: The assets are concentrated in the west central area [Read more]
Vermilion Energy Inc. Announces Proposed Issuance of US$300 Million Senior Unsecured Notes
CALGARY, March 1, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) announces its intention to issue up to US$300 million aggregate principal amount of 8 year senior unsecured notes (New Notes) in a private offering, subject to market and other conditions. The company intends to use the net proceeds from the New Notes to repay a portion of the debt outstanding on its revolving credit facility. The New Notes have not been and will not be registered under the Securities Act of [Read more]
Solstice Engineering: ARO, A&D, and LLR Made Simple
Historically, determining Asset Retirement Obligation (ARO)/Provision Estimates has been a nuisance, usually requiring petroleum companies to lean on people within their organizations that would be better served project managing end of life work. It required using industry experience to come up with average gross well abandonment, pipeline abandonment, and reclamation estimates for each area in which the company operates, vetting these estimates against actual work completed and multiplying [Read more]