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Rock Energy Announces New Key Staff Additions and Provides an Operations Update

Rock Energy Inc. is pleased to announce that effective January 21, 2012 Mr. Josh McDonald has been appointed Vice President of Exploration of Rock Energy. Josh has previously worked with both Allen Bey and Jeff Campbell at Avid Oil and Gas, and now brings over 17 years of experience to the company, the most recent of which as the Vice President of Exploration at Renegade Petroleum. Josh will be responsible for leading Rock''s exploration and development efforts as the company moves to build on [Read more]

Keystone XL’s fate now squarely in the hands of U.S. State Department

  The fate of TransCanada's controversial Keystone XL pipeline was put squarely in the hands of the U.S. State Department on Tuesday after Nebraska's governor approved a new route amid fierce opposition from environmental groups. Nebraska Gov. Dave Heineman sent a letter to U.S. President Barack Obama confirming that he would allow the Alberta-to-Texas oil pipeline to go through his state along a revised route that skirts an environmentally sensitive area. Because the Keystone XL [Read more]

Oil rise above US$96 a barrel, closes at 4 month high on global economic news

  The price of oil closed at a four-month high Tuesday as global economic reports pointed to improving conditions. Benchmark West Texas Intermediate crude rose 68 cents to US$96.24 a barrel on the New York Mercantile Exchange. Oil has risen nearly $3 a barrel over the last four trading sessions. Brent crude, used to price international varieties of oil, was up 71 cents at $112.42 a barrel on the ICE Futures exchange in London. A U.S. government report showed that last year was [Read more]

“APPROVED.” Nebraska governor sign’s off on Keystone XL Route

  KeystoneNebraska Gov. Dave Heineman approved a new route for the Keystone XL oil pipeline on Tuesday that avoids the state's environmentally sensitive Sandhills region. Heineman sent a letter to President Barack Obama confirming that he would allow the controversial, Canada-to-Texas pipeline to proceed through his state. The project has faced some of its strongest resistance in Nebraska from a coalition of landowners and environmental groups who say it would contaminate the [Read more]

Bellatrix announces a $300 million Cardium joint venture

Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") has entered into a joint venture agreement with a Seoul Korea based company ("JV Partner"), to accelerate development of Bellatrix's extensive undeveloped Cardium land holdings in west-central Alberta. Under the terms of the agreement, the JV Partner will contribute 50%, or  CDN$150 million, to a $300 million joint venture (the "Joint Venture") to participate  in an expected 83 Cardium well program. Under the agreement, the JV Partner [Read more]

Strategic Oil & Gas Ltd. Announces 2013 Capital Budget and Executive Appointments

Strategic Oil & Gas Ltd. ("Strategic" or the "Company") is pleased to announce that it has approved a 2013 capital budget of $75 million. The Company will continue to build on its success and dominant position at Steen River. The 2013 capital budget includes drilling 20 gross (18.8 net) wells, 18 gross (18 net) of which will be at Steen River targeting proven light oil producing horizons. The Company has planned for 2 gross (0.8 net) wells being drilled in its non-operated Maxhamish [Read more]

Sonde Resources Corp. Announces Initial 2012 Year-End Reserves

Sonde Resources Corp. has received, and the Board of Directors has adopted, its initial 2012 year-end reserves report containing a summary of proved plus probable reserves and before-tax present values and cash flows. Sonde''s working interest proved plus probable ("2P") reserves were 9,432 Mboe at December 31, 2012, compared to 9,507 Mboe for the previous year. Sales for 2012 totaled 871 Mboe, compared to 2011 sales of 1,021 Mboe. The decrease in production year over year can be attributed [Read more]

Oil price slips to near $95 a barrel in Europe in muted trading due to US public holiday

  The price of crude oil slipped closer to $95 a barrel on Monday, with energy investors keeping to the sidelines as U.S. markets were closed for Martin Luther King, Jr. Day. By early afternoon in Europe, benchmark oil for February delivery was down 24 cents to $95.25 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 7 cents to finish at $95.56 per barrel on the Nymex on Friday. "Due to the lack of major economic indicators, investors will be [Read more]

Rig Count Continues to Rise into Drilling Season

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Surge Announces its 2013 Capital Budget and Guidance and Provides an Operations Update

Surge Energy Inc. is pleased to announce its 2013 capital budget and guidance and provide an operations update. 2013 BUDGET, GUIDANCE AND CORPORATE GOALS: Surge's board of directors has approved a capital budget of $140 million for 2013 with a balanced approach of production growth (approximately 16 percent growth in average daily production per share) and unlocking additional value in its high quality, large DPIIP1 light oil assets.  Surge has allocated approximately $124 million to its [Read more]