Artek Exploration Ltd. ("Artek" or the "Company") (RTK.TO) - Artek exited 2012 at a record production level of over 4,000 boe/d (approximately 44% oil and natural gas liquids). On the back of this success, Artek is pleased to announce its 2013 capital expenditure budget of $55 to $58 million which contemplates the drilling of approximately 14 to 15 gross (8 to 9 net) wells. The currently planned capital program will be weighted 100% to projects targeting oil and condensate with associated … [Read more...]
SEND IN THE TROOPS: Alberta sends envoy to Ottawa to combat potentially crippling environmental regulations
By Heather Scoffield OTTAWA - As federal officials hash out how to control greenhouse-gas emissions from the oil and gas sector, Alberta is opening an office in Ottawa to ensure its voice is heard. Allan Ross, a lawyer with a background in the energy industry, is setting up shop this week in the capital. The appointment comes at a sensitive time, as Ottawa gears up to announce new rules this year on how oil and gas producers will have to curtail their emissions - and just as … [Read more...]
US crude oil supplies, gasoline inventories rose last week
NEW YORK - The United States' crude oil supplies increased last week, the government said Wednesday. Crude supplies grew by 2.6 million barrels, or 0.7 per cent, to 371.7 million barrels, which is 9.6 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected an increase of 3 million barrels for the week ended Feb. 1, according to Platts, the energy information arm of McGraw-Hill Cos. Gasoline supplies … [Read more...]
Focused Integration Continues to Deliver for Husky Energy
Husky Energy''s (HSE.TO) focused integration strategy contributed to the delivery of strong results in 2012 by capturing Brent-like pricing in a market where deep discounts emerged for Western Canada oil production. "We realized significant progress across all of our business segments in 2012 as we continued to rejuvenate our foundation in Heavy Oil and Western Canada and advance the Liwan Gas and Sunrise Energy Projects toward first production," said CEO Asim Ghosh. "Steady, consistent … [Read more...]
Exall Energy Corporation announces December 31, 2012 third party reserves assessment and provides operational update
Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce the results of its independent third party NI 51-101 compliant reserves assessment and provide an operational update concerning its Marten Mountain, Mitsue operating area. Exall's public filings can all be found at www.exall.com or www.sedar.com. Highlights: January 28 to February 3, 2013 weekly Field Production Average of 1,409 BOEPD December 31, 2012 proved plus probable net present … [Read more...]
Chinook Energy Provides Operational Update
Chinook Energy Inc. (CKE.TO) ("Chinook" or the "Company") is pleased to provide the following operational update. Bir Ben Tartar Concession, Tunisia TT-10 Horizontal Well Initial Flow Rates The TT-10 well is Chinook''s fourth horizontal well test of the Ordovician Quartzite Reservoir on the Bir Ben Tartar Production Concession (the "BBT Concession"). Partners in the BBT Concession are Enterprise Tunisienne D''Activites de Petrolieres ("ETAP") as block holder and Chinook (86% interest) … [Read more...]
Perpetual Energy Inc. releases 2012 year-end reserves
Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2012 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). YEAR-END 2012 RESERVES 2012 Year-End Reserve Highlights Perpetual added 19.5 MMBoe of proved and probable reserves in 2012, excluding production, net dispositions and downward technical revisions related to lower commodity price forecasts. … [Read more...]
Suncor Energy reports 2012 fourth quarter results
CALGARY, ALBERTA Operating earnings of $1.000 billion ($0.65 per common share) and a net loss of $562 million ($0.37 per common share). Net loss includes an after-tax impairment charge of $1.487 billion for the Voyageur upgrader project. Cash flow from operations of $2.235 billion ($1.46 per common share). Average Oil Sands segment production of 378,700 barrels per day (bbls/d). Total average production of 556,500 barrels of oil equivalent per day (boe/d). Refining and Marketing caps … [Read more...]
Bonterra Energy Corp. Announces Record Production in Fourth Quarter and Full Year 2012 and Provides an Operational Update
Bonterra Energy Corp. (Bonterra) (www.bonterraenergy.com) (BNE.TO) is pleased to provide an operational update including 2012 highlights, the results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2012 and its 2013 budget and guidance. In 2012, Bonterra maintained its focus on providing investors with a sustainable pace of development, continued growth on a per share basis and stable monthly income through its dividend policy … [Read more...]
Advantage Announces Disposition of Non-core Assets, Glacier Montney Update, Appointment of Financial Advisors and Natural Gas Hedging for 2013
Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (TSX/NYSE: AAV) is pleased to provide the following updates: Disposition of Non-Core Assets Since the commencement of our non-core asset disposition process, Advantage has closed four separate sales transactions and recently signed a definitive agreement with a fifth party which, on a combined basis, constitute the sale of substantially all of our non-core assets. Four transactions representing a total of approximately 420 … [Read more...]
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