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Calgary police charge woman with $1.6M fraud from 5 oil companies

  CALGARY - A Calgary woman has been charged with stealing more than $1.6 million from five oil and gas companies. Police say the woman worked in the payroll department at each company. It's alleged that over six years, she altered payroll deposits by either re-instating former employees, or creating fictional employees and directing their payroll deposits into her personal bank account. Roslyn Rhae Thomas, who is 44, is charged with fraud, theft and possession of stolen [Read more]

Anterra and Terrex Complete Business Combination

CALGARY, ALBERTA--(Marketwire - March 15, 2013) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) and Terrex Energy Inc. ("Terrex") (TSX VENTURE:TER) are pleased to announce the completion of the previously announced business combination by way of a court and securityholder approved, statutory plan of arrangement (the "Arrangement"). Effective March 14, 2013, Anterra acquired 100% of the issued and outstanding common shares in the capital of Terrex ("Terrex Shares"), in [Read more]

Canada rig count falls week over week as spring breakup nears

[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`366`137`503 Last Week`451`129`580 Last Year`370`147`517 Week over Week Change`-85`+8`-77 Year over Year Change`-4`-10`-14[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]

Donnybrook Announces Reserves

CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports the results of its December 31, 2012 Reserves Assessment and Evaluation of certain of its Alberta oil and gas properties, as evaluated by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). A summary of the Company''s reserves volumes according to reserve category as at [Read more]

Lone Pine Resources Announces Year-End 2012 NI 51-101 Reserves

CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced the Company''s year-end 2012 estimated proved and probable reserves determined in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook, as evaluated by the Company''s independent qualified reserves evaluators, DeGolyer and MacNaughton [Read more]

Natural gas up almost 3%, highest since November; oil edges up on US jobs data

By The Associated Press NEW YORK, N.Y. - Natural gas rose almost three per cent Thursday, reaching its highest level since November as the U.S. government said supplies of the fuel are nearly 20 per cent below year-ago levels. Oil rose slightly after positive U.S. jobs data, with benchmark West Texas Intermediate crude for April delivery up 51 cents to end at US$93.03 a barrel on the New York Mercantile Exchange. Natural gas futures gained 13 cents, or 3.6 per cent, to finish at US$3.81 [Read more]

Crescent Point taking a breather from major acquisitions in 2013

  By Lauren Krugel CALGARY - Crescent Point Energy Corp. is taking a breather from large-scale acquisitions this year after doing some $3 billion in deals in 2012, one of which established a presence in Utah for the Calgary-based light oil producer. "This year is going to be really focused on organic growth," CEO Scott Saxberg told analysts on a conference call Thursday. "We're in really no rush to do any significant transactions this year." During the fourth-quarter, [Read more]

Natural gas withdrawal beats estimates

Working gas in storage was 1,938 Bcf as of Friday, March 8, 2013, according to EIA estimates. This represents a net change of -145 Bcf beating analyst estimates of ~-134 Bcf. Stocks were 440 Bcf less than last year at this time and 198 Bcf above the 5-year average of 1,740 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 8`[attr style="width: 25%"]March 1`[attr style="width: [Read more]

Obama: Keystone XL Pipeline Not Major Jobs Creator

  Jobs numbers and other benefits touted by supporters of the Keystone XL oil pipeline are probably exaggerated, President Barack Obama told House Republicans on Wednesday, according to lawmakers who attended the closed-door meeting. But Obama did not rule out a decision to approve the $7 billion pipeline, according to participants. Obama told Republicans at the Capitol that he's still weighing a decision on the pipeline, which would carry oil from western Canada to refineries [Read more]

Crescent Point Energy Corp. Announces Year-End 2012 Results

CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO) is pleased to announce its operating and financial results for the year ended December 31, 2012. The Company also announces that its audited financial statements and management''s discussion and analysis for the year ended December 31, 2012, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Crescent Point''s [Read more]