CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Enbridge Inc., (TSX:ENB) (NYSE:ENB) announced today plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization, which has been agreed to with affected shippers, will involve capital cost savings of $0.4 billion in aggregate and lower tolls for the shippers, while maintaining attractive returns on the capital to be invested. Projects involved in the optimization include the Athabasca Twin Project and [Read more]
News
NEB recommends approving NGTL'S Wolverine River Lateral Loop Project
CALGARY, March 5, 2015 /CNW/ - The National Energy Board (NEB or the Board) today issued a report recommending approval for NOVA Gas Transmission Ltd. (NGTL) to construct and operate the Wolverine River Lateral Loop (Carmon Creek Section) Project (the Project). The proposed Project, approximately 35 km northeast of Peace River, Alberta, involves the construction and operation of a 61 km pipeline, 508 mm (20 inches) in diameter, to transport sweet natural gas. Approximately 57 km of the [Read more]
TORC Oil & Gas Ltd. Announces 2014 Fourth Quarter and Year-End Financial & Operating Results and 2014 Year-End Reserves
CALGARY, March 5, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month periods and years ending December 31, 2014 and 2013, and to provide its 2014 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") dated March 5, 2015 and audited financial statements as at and for the year ended December 31, [Read more]
DeeThree Exploration Announces 2014 Year End Reserves and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to report its 2014 year end oil and gas reserves. At December 31, 2014 DeeThree has increased its proved plus probable reserves by 31% to 51.8 mmboe as compared to the prior year. DeeThree's reserve additions were predominately a result of the successful 2014 drilling program. RESERVE HIGHLIGHTS Total proved plus probable reserves increased 31% to [Read more]
Baytex Reports Record Production and Funds From Operations and Strong Reserves Growth for 2014
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). "Our 2014 results reflect the continued strong performance of our Canadian assets and the significant growth in assets associated with our Eagle Ford acquisition. The addition of the Eagle Ford to our portfolio has provided us with [Read more]
Canadian Natural Resouces triples Q4 profit to $1.2 billion
CALGARY - The president of Canadian Natural Resources Ltd. (TSX:CNQ) says all options are on the table when it comes to squeezing more value out of its Alberta royalty acreage, but keeping the status quo is not at the top of the list.The Calgary-based oil and gas giant could spin off the lands into a new publicly traded company or sell them outright. It hopes to make a move this year, company executives said on a conference call Thursday. Canadian Natural makes money off the properties by [Read more]
Canadian Natural Resources Limited Announces 2014 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Commenting on fourth quarter and year end results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ), stated, "2014 demonstrated the strength of our diverse and balanced asset base, and our ability to create long-term value for Canadian Natural's shareholders. At the end of the year, we increased Company Gross total proved plus probable reserves to 8.89 billion BOE, replacing 413% of production, with a proved plus probable reserve [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Quarter and Year-Ended December 31, 2014 and an Agreement with Canada Revenue Agency
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the quarter and year-ended December 31, 2014 and to announce the resolution of its dispute with the Canada Revenue Agency ("CRA") regarding the tax consequences in connection with its conversion from a trust to a corporation in 2010. Financial and Operating Highlights Trilogy added 30.9 MMBoe of proved reserves (34 percent oil and [Read more]
Husky Energy Announces Exercise of Underwriters’ Option in Preferred Share Offering
CALGARY, AB--(Marketwired - March 04, 2015) - Husky Energy (TSX: HSE) announces that the underwriters of its Cumulative Redeemable Preferred Shares, Series 5 (the "Series 5 Shares") offering have exercised their option to increase the size to 8,000,000 shares, due to positive investor response. The aggregate gross proceeds from the upsized offering will be $200 million. Closing of the offering is expected on or about March 12, subject to customary closing conditions and receipt of required [Read more]
Long Run Exploration Ltd. Announces Reserves, Financial and Operating Results for the Year Ended December 31, 2014
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces reserves, financial and operating results for the year ended December 31, 2014. 2014 ANNUAL HIGHLIGHTS Established the Deep Basin Cardium core area through two strategic acquisitions for total consideration of $576 million. The Deep Basin transactions provide a key entry point into the Pine Creek, Kakwa and Wapiti areas of Alberta and add ownership of gathering and [Read more]