BOE Report

Legacy Oil + Gas Inc. issues statement regarding successful shut down of natural gas well in Turner Valley

CALGARY, June 21, 2013 /CNW/ - With the receding floodwaters, Legacy Oil + Gas Inc. ("Legacy") has been able to get its emergency personnel at the well site and has confirmation that it has shut down the well releasing natural gas in the Turner Valley Field.  The well, Royalite 19, located at 5-6-20-2W5M in the southwest corner of the town of Turner Valley, had a flow line rupture due to impacts from trees and other debris in the rising floodwater. Due to the rupture, a release of natural gas [Read more]

Legacy Oil + Gas Inc. issues statement regarding natural gas release in Turner Valley

CALGARY, June 20, 2013 /CNW/ - Recent heavy rains and spring run-off in southern Alberta caused a flooding of the Sheep River.  As a precautionary measure, Legacy was in the process of shutting in production in the Turner Valley Field when a natural gas well, Royalite 19, located at 5-6-20-2W5M in the southwest corner of the town of Turner Valley, had a flow line rupture due to impacts from trees and other debris in the rising flood water.  Legacy Turner Valley and head office staff are working [Read more]

Trinidad Drilling Ltd. announces the sale of its coring and pre-set rigs

CALGARY, June 19, 2013 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or "the Company") is pleased to announce that it has entered in to an agreement to sell its coring and pre-set rigs to Alken Basin Drilling Ltd. (Alken) for $12 million in cash, excluding working capital and land and buildings. Trinidad has operated coring and pre-set rigs since 2005 in the oilsands of northern Canada in the winter and in southern Alberta in the summer. The reduction in pre-set work over the summer months and [Read more]

Imperial Oil to Convert Dartmouth Refinery to Terminal

Refinery marketing effort did not attract a buyer Conversion will begin in 2013 Care will be taken to meet the needs of customers and employees DARTMOUTH, NS, June 19, 2013 /CNW/ - Following a comprehensive evaluation of alternatives, Imperial Oil will continue to serve east coast Canadian markets by converting its Dartmouth refinery into a terminal operation. Despite interest in the refinery assets over the past year, Imperial was unable to attract a buyer to continue operating the [Read more]

Statoil makes another oil find offshore Newfoundland

ST. JOHN'S, Newfoundland and Labrador, June 19, 2013 /CNW/ - Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect (EL 1112), located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. "While it is still too early to determine Harpoon's resource potential at this time, this is very encouraging for the area and especially for the Bay du Nord well [Read more]

Shell celebrates 10 years of oil sands operations

CALGARY, June 17, 2013 /CNW/ - Shell announced today 10 years of oil sands production as operator of the Athabasca Oil Sands Project (AOSP). Starting with just a handful of employees, over the last 10 years Shell has built an oil sands mining and upgrading business capable of delivering over a quarter of a million barrels per day, providing 17% of Canada's total oil production, and employing over 3,000 staff and thousands of contractors. Since production began in 2003, the Athabasca Oil Sands [Read more]

Palliser Oil & Gas Corporation Grants Options and Restricted Share Units

/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THEUNITED STATES/ CALGARY, June 14, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) reports that it has granted an aggregate of 843,500 options at an exercise price of $0.49 per share to directors, officers and employees of Palliser and issued 676,500 Restricted Share Units to officers and employees of the Company, subject to the terms and conditions with the [Read more]

PanTerra Closes First Tranche of Asset Sale

CALGARY, June 14, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has closed the first tranche of an asset sale at its Carrot Creek property that was previously announced on June 4, 2013. The first tranche consists of the sale of 60% of the Proven Producing Reserve asset for a price $1,096,688. Transaction metrics of the Proven Producing portion of the sale is $45,700 per flowing barrel. This is based on 60% of the current proven producing rate of 40 BBls [Read more]

Gas & Oil Expo sets record attendance in final year

Over 25,000 attendees participated in largest Gas & Oil Exposition to-date CALGARY, June 13, 2013 /CNW/ - Gas & Oil Expo 2013 has concluded after three full days of networking, presentations and world-class exhibitions. The biennial event, which took place from June 11-13, 2013, was the largest to date, welcoming more than 25,000 attendees, and over 4,000 exhibitors for a total of 29,000 registered attendees to Calgary's Stampede Park. Opening June 11, Gas & Oil Expo hosted [Read more]

Global Petroleum Show announces annualization

One of the world's largest energy events to be held every year in Calgary, Canada CALGARY, June 12, 2013 /CNW/ - dmg :: events, organizers of one of the world's largest energy events, announced today that Global Petroleum Show (GPS), held in Calgary every two years since 1968, will now be held on an annual basis. The event broke records in 2012, welcoming 63,000 registered attendees from 100 countries, and 2,000 exhibiting companies in the oil and gas industry showcasing the latest [Read more]