CALGARY, Jan. 5, 2017 /CNW/ - Montana Exploration Corp. ("Montana Exploration" or the "Company") (TSXV: MTZ) today announced that the Company has, thus far, completed two of five vertical wells drilled and cased under the Company's current five well Montana program. The two wells were perforated and successfully swab tested for oil production from the Upper Shaunavon. Production was 100% oil and rates are expected to meet or exceed type curves for historical Upper Shaunavon production in the [Read more]
Pembina Pipeline Corporation Receives Approvals for North East British Columbia Expansion
CALGARY, Jan. 5, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) has received regulatory approval for and initiated construction on its previously announced $235 million expansion of its pipeline infrastructure in northeast British Columbia ("B.C.") (the "NEBC Expansion" or "the Project"). "With regulatory sanctioning of the NEBC Expansion, we have secured approvals for the majority of the projects within our conventional pipelines business," said [Read more]
Painted Pony Achieves 2016 Exit Production of more than 240 MMcfe/d (40,000 boe/d), Announces Operational Update and Attendance at the TD Securities London Energy Conference
CALGARY, Jan. 5, 2017 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce that production volumes, based on field estimates, averaged over 240 MMcfe/d (40,000 boe/d) during the month of December 2016 with liquids making up approximately 9% of total production volumes or more than 3,600 bbls/d. Exiting 2016 with production volumes at these levels was a significant goal for Painted Pony and one which, in conjunction with the commissioning of [Read more]
Pembina Pipeline Corporation Declares Common Share Dividend for January and Quarterly Preferred Share Dividends
CALGARY, Jan. 5, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for January 2017 of $0.16 per share to be paid, subject to applicable law, on February 15, 2017 to shareholders of record on January 25, 2017. For shareholders receiving their common share dividends in U.S. funds, the January 2017 cash dividend is expected to be approximately U.S. $0.1202 per share (before [Read more]
Whitecap Resources Inc. Announces Closing of Senior Secured Notes and Provides Operational Update
CALGARY, Jan. 5, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed an issuance of Cdn$200 million senior secured notes which have an annual coupon rate of 3.46% and mature on January 5, 2022. The notes were issued by way of a private placement, pursuant to a note purchase and private shelf agreement, and rank equally with Whitecap's obligations under its bank facilities. Proceeds from the notes will be used to repay a portion [Read more]
Bellatrix Announces a Growth Focused 2017 Capital Budget That Doubles Yearly Funds Flow From Operations Along With a Sustainable Three Year Development Plan
CALGARY, Jan. 5, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce its 2017 capital budget, highlighted by over 10% forecast production growth and key strategic infrastructure investment. Bellatrix is also pleased to outline its three year corporate development plan, which is designed to deliver compound annual growth in annual average production of over 10% through 2019. Following the strategic repositioning efforts undertaken [Read more]
Penn West Announces 2017 Capital Budget and Senior Management Changes
CALGARY, Jan. 5, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce a 2017 total capital budget of $180 million. Our 2017 capital budget is expected to provide approximately 15% production growth in our key development areas from the fourth quarter of 2016 to the fourth quarter of 2017 and to provide ample flexibility to respond to commodity price as we utilize only 80% of available funds flow from [Read more]
Oil Prices Expected to Grow Slightly in 2017: Deloitte
CALGARY, Jan. 4, 2017 /CNW/ - Production cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC countries are expected to provide a short-term boost to world oil prices, but the effects will be offset to some extent by increases in production in Canada and the United States. The latest price forecast by Deloitte's Resource Evaluation and Advisory (REA) group also predicts some weakening of natural gas prices after recent rises caused by the onset of [Read more]
Enerplus Closes Sale of Non-Operated North Dakota Assets
CALGARY, Jan. 3, 2017 /CNW/ - Enerplus Corporation (TSX & NYSE: ERF) announces that its wholly-owned subsidiary, Enerplus Resources (USA) Corporation, has closed the previously announced sale of its non-operated assets in North Dakota for total cash consideration of US$292 million (approximately C$390 million), subject to tax and customary post-closing adjustments. About Enerplus Enerplus Corporation is a responsible developer of high quality crude oil and natural gas assets in Canada [Read more]
Perpetual extends note exchange proposal for its 8.75% senior notes
CALGARY, Dec. 27, 2016 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announces that it has extended the acceptance date for its previously announced proposal to exchange all of its 8.75% senior notes due March 15, 2018 (the "2018 Senior Notes") and its 8.75% senior notes due July 23, 2019 (the "2019 Senior Notes" and together with the 2018 Senior Notes, the "Existing Senior Notes") for new 8.75% senior notes (the "Exchange Senior Notes") having an extended maturity [Read more]
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