CALGARY, June 8, 2015 /CNW/ - Softrock Minerals Ltd is pleased to announce that as well as filing with SEDAR their first quarter 2015 Financials and MD&A, they have received the first three months of production from the Charlie Lake formation from the first horizontal well drilled and fraced on their one section crown lease in the Spirit River area of Northwestern Alberta. The well averaged 174 BOEPD, 93% oil which is good news for the seven additional wells which may be drilled on the [Read more]
News
Cenovus set to restart production at Foster Creek oilsands project by Monday
CALGARY - Cenovus Energy says it expects to restart production at its Foster Creek oilsands operation by Monday.The 135,000-barrel-a-day facility, which is jointly owned by ConocoPhillips, has been offline since May 23 because of a large wildfire in the area.Cenovus Energy says it will take several days to return to full production, but it expects camps to be fully operational at the start of next week.On June 3, Canadian Natural Resources said production was ramping back up at its Kirby South [Read more]
Paramount Resources Ltd. Completes Senior Unsecured Notes Offering
CALGARY, ALBERTA--(Marketwired - June 5, 2015) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announced today that it has completed its previously announced offering of US$450 million aggregate principal amount of 6.875% senior unsecured notes due 2023. Net proceeds from the offering will be used as disclosed in the Company's prior news releases regarding the offering. [Read more]
Quattro Announces Revocation of Cease Trade Orders
CALGARY, Alberta, June 4, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX.V:QXP) ("Quattro" or the "Company") is pleased to announce that both the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC") have revoked the cease trade orders that they had previously issued against the Company. On June 3, 2015, the ASC revoked the cease trade order it had issued on May 6, 2015 for the Company's failure to file with the Executive Director of [Read more]
Kinder Morgan says $100 million investment will protect against oil spills
BURNABY, B.C. - Kinder Morgan is pledging to protect against any threat of oil spills caused by its Trans Mountain pipeline expansion, as opposition to the project mounts in British Columbia.The energy-shipping giant showed off its marine and storage terminals in Burnaby, B.C., on Thursday, detailing new safety measures it is promising to introduce if the $5.4-billion expansion is approved.Senior director of marine development Michael Davies said Western Canada Marine Response Corp., the agency [Read more]
Delphi Energy Announces Agreement to Sell Greater Wapiti Assets for $50 Million
CALGARY, ALBERTA--(Marketwired - June 4, 2015) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX:DEE) is pleased to announce it has entered into a purchase and sale agreement to sell its working interests in producing properties, facilities and infrastructure and undeveloped land in the greater Wapiti area for $50.0 million, subject to normal course closing adjustments. Disposition Details of the divested assets are as follows: Production for the month of April of approximately [Read more]
Cenovus buys rail loading terminal from Canexus for $75 million
Facility ownership strengthens market access CALGARY, June 4, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has agreed to purchase Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility, for $75 million, subject to adjustments. The acquisition is part of Cenovus's strategy to create a portfolio of transportation options designed to maximize market access and capture global prices for its oil. "By purchasing this facility at an [Read more]
Debentureholders of High North Resources Ltd. Approve Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - June 4, 2015) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce that the holders ("Debentureholders") of 12.00% convertible unsecured subordinated debentures of High North ("Debentures") have approved the previously announced plan of arrangement (the "Arrangement") at the extraordinary meeting of Debentureholders held earlier today in Calgary, Alberta (the "Meeting"). The Meeting was held in accordance with the [Read more]
Saskatchewan’s Wall pitches his province over Alberta for royalty stability
WEYBURN, Sask. - Saskatchewan Premier Brad Wall is using the NDP's pending royalty review in Alberta to pitch his province to the oil industry.In a speech to an industry audience in Weyburn this week, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.With oil prices currently hovering around US$60 a barrel, the industry doesn't need any instability, Wall said."We like where royalties are at," he told reporters covering his address at the [Read more]
Pembina Pipeline Corporation Announces Expansion of Horizon Pipeline System
CALGARY, June 4, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it will expand its existing Horizon Pipeline System ("Horizon") (the "Horizon Expansion") for an estimated capital cost of approximately $125 million. The Horizon Expansion will increase the pipeline's capacity up to 250,000 barrels per day, which will be achieved predominantly through the upgrading of mainline pump stations and other facility modifications, as [Read more]