LONDON (Reuters) - Oil prices slipped on Wednesday as doubts set in about Russia’s willingness to substantially extend a deal among some of the world’s biggest exporters to curb output to help tackle global oversupply and support prices. Brent crude futures were down 17 cents on the day at $63.44 a barrel by 1350 GMT, while U.S. light crude fell 28 cents to $57.71 a barrel. Oil ministers from the Organization of the Petroleum Exporting Countries and other producers began gathering in [Read more]
Archives for November 2017
OPEC and allies likely to extend production cuts at meeting
VIENNA - With crude prices at two-year highs, OPEC and allied oil producing-nations appear ready to agree to extend their output cuts at a meeting Thursday after Iraq's energy minister said there was broad agreement for such a move. Benchmark crude prices are now close to $60 a barrel, depending on the grades, up almost 20 per cent since a year ago. And the bets have been that the Organization of the Petroleum Exporting Countries and their non-OPEC partners will try to keep supply tight [Read more]
Alberta still on track for $10.3B deficit, but signs point to growing economy
EDMONTON - Alberta remains on track to rack up a $10.3-billion deficit this year but Finance Minister Joe Ceci says the economy is rebounding and it's time public sector workers step up to help keep it going. "Alberta is back in the saddle," Ceci said Tuesday as he presented the second-quarter update to the 2017-18 budget. "Now we have more choices to make — and they will be careful, considered choices about the services Albertans value, about how to return to balance with cuts [Read more]
Southwestern Energy Announces Receipt Of Requisite Consents In Its Consent Solicitations Related To Senior Notes
HOUSTON, Nov. 29, 2017 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) (the "Company") today announced that, in connection with its previously announced consent solicitations (the "Consent Solicitations") with respect to the Company's 4.10% Senior Notes due 2022 (the "2022 Notes") and 4.95% Senior Notes due 2025 (the "2025 Notes" and, together with the 2022 Notes, the "Notes"), the Company has received the consents ("Consents") from holders of at least a majority of the outstanding [Read more]
PetroShale Announces Financial and Operating Results for the Third Quarter of 2017
CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSXV:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2017. The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period are available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at [Read more]
TourXchange continues to grow, adding 4,619 wells since September
Canada’s largest and most comprehensive drilling research database now serves up data and insights for nearly 160,000 wells across the WCSB Calgary, AB, November 29, 2017 – Calgary data and software company XI Technologies Inc. announced today that their innovative drilling data share project, TourXchange (pronounced “tower exchange”), has grown by 4,619 wells since September 2017 and now includes digital well tour data for 158,719 wells. The enhanced drilling data in TourXchange coupled [Read more]
Leucrotta Announces Q3 2017 Financial and Operating Results
CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 216% to 3,123 boe/d in Q3 2017 from 989 boe/d in Q3 2016 (increased 19% from 2,629 boe/d in Q2 2017). Increased funds from operations 1,509% to $1.7 [Read more]
Cequence Energy Announces Credit Facility Amendment
CALGARY, Nov. 28, 2017 /CNW/ - Cequence Energy Ltd. (the "Company" or "Cequence") (TSX:CQE) is pleased to announce that the Company has completed its semi annual review of its senior credit facilities with its syndicate of lenders. As part of such review, the Company's borrowing base under the credit facilities has been reduced from $20 million to $12 million. The Company's credit facilities remain undrawn as of the date of this press release other than outstanding letters of credit of $4.1 [Read more]
Atmos Energy Corporation Prices Common Stock Offering of 4,558,404 Shares
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) announced today that it has priced its public offering of 4,558,404 shares of its common stock for expected gross proceeds of approximately $400 million. BofA Merrill Lynch and J.P. Morgan are acting as underwriters for the offering and propose to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the [Read more]
Ironhorse Announces Q3 2017 Financial and Operating Results
CALGARY, Nov. 28, 2017 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2017. Financial and Operation Summary The Company's reported production declined 37% to 104 boe/d in the third quarter of 2017 compared to 165 boe/d produced in the second quarter of 2017. The current quarter production was impacted by unanticipated downtime and repair and maintenance work on [Read more]
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