Western Canada’s fleet of drilling rigs have risen again this week to 189 actively drilling rigs according to data collected by Baker Hughes for the week of June 30. Drilling activity has increased the last month, and is still very active in comparison to last year’s count. From one week ago, Alberta rig counts rose from 94 to 115, Saskatchewan rig counts decreased for the first time after six consecutive weeks of gains – current count at 46 which is down from 48 last week. Oil drilling [Read more]
Archives for June 2017
AER Issues Order to Journey Energy Inc. Following Two Crude Oil Emulsion Spills
CALGARY, Alberta, June 30, 2017 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an order to Journey Energy Inc. (Journey) in response to two releases of an unknown amount of crude oil emulsion near Winfield, Alberta that was originally reported to the AER on June 28, 2017. The order directs the company to: immediately suspend operations, contain the release and prevent it from spreading; identify anyone who may be affected by the release and make sure they are [Read more]
Canbriam Energy Announces C$100 Million Private Equity Investment
CALGARY, June 30, 2017 /CNW/ - Canbriam Energy ("Canbriam") has completed a US$74 million (approximately C$100 million) investment from its existing private equity sponsors which include Warburg Pincus, ARC Financial, Ontario Teachers' Pension Plan, BlackRock and State Street (formerly GE Capital). The investment was funded on a pro rata basis with existing private equity shareholders and management. "This planned equity investment will help fund the infrastructure additions required for [Read more]
ONEOK Announces Closing of Merger Transaction
TULSA, Okla., June 30, 2017 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has closed the acquisition of all outstanding common units of ONEOK Partners, L.P. (NYSE: OKS) it did not previously own, and the merger of ONEOK Partners with a subsidiary of ONEOK will be effective at the end of today. As a result of the acquisition, ONEOK Partners common units will no longer be publicly traded on the New York Stock Exchange. At separate special meetings held earlier today, ONEOK [Read more]
U.S. oil drillers cut rigs for first week since January – Baker Hughes
U.S. oil drillers cut rigs this week for the first time since January and the pace of additions slowed this quarter due to declines in crude prices despite an OPEC-led effort to cut production and end a multi-year supply glut. Analysts, however, noted the weekly decline in the rig count was likely just a brief pause in a drilling recovery expected to continue through at least 2019. Drillers cut two oil rigs in the week to June 30, bringing the total rig count down to 756, still more than double [Read more]
Trudeau, Notley welcome B.C.’s Horgan despite Trans Mountain pipeline rift
VICTORIA - British Columbia premier-designate John Horgan said he spoke with Prime Minister Justin Trudeau on Friday about the softwood trade dispute with the United States and he is planning meetings in Ottawa and Washington, D.C. Horgan, who will head a minority NDP government, said he expected the meeting with Trudeau will happen before the recall of B.C.'s legislature, now expected shortly after Labour Day. "We talked about housing," he said. "We talked about transit. We [Read more]
BlackPearl Announces $75 Million Senior Secured Second Lien Note Financing and Amendments to Existing Credit Facilities
CALGARY, ALBERTA--(Marketwired - June 30, 2017) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it has issued $75 million aggregate principal amount of senior secured second lien notes ("Notes") to Prudential Capital Group. The Notes were issued at par and bear interest at 8.00% per year, payable quarterly in arrears, and mature on June 30, 2020. The Notes were issued by way of a private placement and pursuant to a note purchase [Read more]
Canadian producer prices drop for first time in nine months
Canadian producer prices in May fell for the first time in nine months, dropping by 0.2 percent from April on lower prices for energy and petroleum products, Statistics Canada said on Friday. Analysts in a Reuters poll had forecast a 0.3 percent increase. Of the 21 commodity groups, prices rose in 17, dropped in three and were unchanged in one. Prices for energy and petroleum products fell by 3.5 percent, dragged down by declines in motor gasoline, fuel oils and diesel fuel. Excluding this [Read more]
Another painful year in Alberta, but NDP government sees positive economic signs
EDMONTON - Alberta ended its most recent fiscal year with a $10.8 billion deficit and $33.3 billion in debt, but Finance Minister Joe Ceci said Thursday the economic outlook is improving and the NDP government still plans to balance its books in six years. The province's year-end financial statement said the Alberta economy shrank by more than seven per cent over 2015 and 2016 as the cratering in oil prices led to tens of thousands of layoffs and sharply cut government revenues. [Read more]
Cabot Oil & Gas Corporation Announces Second Quarter 2017 Earnings Release Date and Conference Call
HOUSTON, June 30, 2017 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) will host its second quarter 2017 earnings conference call on Friday, July 28, 2017 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. To access the live audio webcast, please visit the Investor Relations section of the Company's website at www.cabotog.com. A replay of the call will also be available on the Company's website. Cabot [Read more]
- 1
- 2
- 3
- …
- 30
- Next Page »