CALGARY, Alberta, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Commenting on the Company’s 2019 budget, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s large, diverse, balanced and flexible asset base provides a unique opportunity for the Company to allocate capital to the highest return projects to maximize shareholder value. Canadian Natural’s robust, long life low decline assets allow us to target for the foreseeable future, a long-term production per share growth … [Read more...]
Gibson Energy Announces 2019 Capital Budget
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that its Board of Directors has approved a 2019 growth capital expenditure budget in the range of $200 million to $250 million, with nearly all investment directed towards sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $30 million to $35 … [Read more...]
Sanchez Energy Announces Engagement of Financial Advisor to Explore Strategic Alternatives
HOUSTON, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE: SN) today announced that it has engaged Moelis & Company LLC as financial advisor to explore strategic alternatives to strengthen its balance sheet and maximize the value of the company. “Throughout this year, the company has been focused on taking critical steps to stabilize its production profile and reduce the capital intensity of the business. The responsive actions taken by our team are beginning to result in … [Read more...]
Jericho Oil’s First Osage Formation STACK Well Continues to Deliver Strong Results
Best-in-Class Well Productivity and Low Decline Rate Further Validates Company's Northern STACK Acreage TULSA, Okla. and VANCOUVER, British Columbia, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to provide an update regarding its ongoing participation in its Oklahoma STACK Joint Venture (“STACK JV”). The Swordspear 15-23N-10W #1H, the STACK JV’s first Osage formation well, has now been on production, since running an electrical … [Read more...]
Transglobe Energy Corporation Announces Director/pdmr Shareholding
CALGARY, Alberta, Dec. 04, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on November 30, 2018 that on the same day David Cook acquired common shares as follows: PDMRNumber of Common Shares AcquiredPrice ($USD)Number of Common Shares held following the transaction% of Company's issued share capital heldDavid Cook32,289$2.1000032,2890.05% Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. … [Read more...]
Berry Petroleum Sells Non-Core East Texas Natural Gas Assets
DALLAS, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today announced that on November 30, 2018, Berry Petroleum completed a transaction to sell its non-core producing properties and related assets located in the East Texas Basin for $6.7 million. Production, comprised primarily of natural gas, was approximately 0.7 MBoe per day in the third quarter of 2018 from 4,532 net acres. Divesting the East Texas properties follows Berry’s stated … [Read more...]
Range Declares Quarterly Dividend
FORT WORTH, Texas, Dec. 03, 2018 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.02 per common share is payable on December 28, 2018 to stockholders of record at the close of business on December 14, 2018. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas, NGL and oil producer with operations focused in … [Read more...]
Altura Energy Inc. Announces Grant of Stock Options
CALGARY, Alberta, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) announces that in accordance with its long-term compensation policy which includes an annual grant of stock options ("Options") to its employees, officers and directors, Altura's Board of Directors has granted Options to acquire 1,180,000 common shares in the capital of Altura ("Common Shares"), of which 1,140,000 were granted to officers and directors of the Corporation. The … [Read more...]
Bonterra Energy Corp. Confirms Cash Dividend for November 2018 Payable December 31, 2018
CALGARY, Alberta, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) confirms that as previously announced on November 29, 2018, the November 2018 monthly cash dividend will be $0.01 per share (a $0.09 per share reduction from the previous month). The dividend will be paid on December 31, 2018. The record date for the dividend is December 14, 2018 and the ex-dividend date is December 13, 2018. The dividend is paid monthly … [Read more...]
Suncor Energy provides update following Government of Alberta’s decision to cut oil production
CALGARY, Alberta, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Suncor today confirms it is assessing the impact of the Government of Alberta’s announcement to curtail oil production during 2019. Suncor believes the market is the most effective means to balance supply and demand and normalize differentials. Less economic production was being curtailed and differentials were narrowing as a result of market forces. The anticipated regulations will require oil producers to reduce their production … [Read more...]
