The Republican-controlled Congress has cleared a bill approving the construction of the Keystone XL oil pipeline. That sets up a confrontation with President Obama, who has threatened to veto the measure. The House voted 270-152 on Wednesday to send the bill to the president. Neither chamber has enough votes to overcome a veto. The vote caps weeks of debate on a top priority for Congress after the GOP took control last month. Supporters are already planning on using other means to secure [Read more]
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Anderson Energy Inc. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Anderson Energy Inc. (the "Company") (TSX:AXL) provides the following operations update. The Company has completed its 2014/2015 winter drilling program with 10 gross (9.1 net capital, 8.0 net revenue) wells drilled. Due to weak commodity prices, the drilling of the remaining 3 gross (2.2 net) wells in the planned program has been deferred. Seven of the nine Cardium wells drilled have more than 30 days of initial production ("IP 30"). The [Read more]
Dejour Energy Reports YE 2014 Reserve Volumes and Values
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, is pleased to announce that today it has received the Year End 2014 Reserve Evaluations in accordance with Canada’s National Instrument 51-101* Standards of Disclosure. The current and forecast prices are based on YE 2014 spot and [Read more]
Northern Spirit Resources Inc. Announces Year End Corporate Reserves
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Northern Spirit Resources Inc. (TSX VENTURE:NS) ("Northern Spirit" or the "Company") is pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2014 as prepared by Deloitte LLP ("Deloitte"). The Company's annual audit of its financial statements is not yet complete and accordingly all financial amounts referred to in this press release are estimates and are subject to revision. Complete reserves [Read more]
Spring will demonstrate impact of oil price on Alberta’s real estate: expert
TORONTO - Royal LePage says home sales in the spring real estate market will be the first indication of how lower oil prices have affected home sales in Western Canada.Chief executive Phil Soper told the Economic Club of Canada on Wednesday that job losses in the oil patch could lead to a "significant and extended downturn" in Alberta's real estate sector.In January, Canada's largest oil sands company, Suncor Energy Inc. (TSX:SU), announced plans to lay off 1,000 workers as it grapples with the [Read more]
Birchcliff Energy Ltd. Announces Record Production, Unaudited Year-End Financial Results, Material Reserves and Contingent Resource Additions and 2015 Capital Budget
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) announces its 2014 fourth quarter and 2014 year-end unaudited financial and operational results, provides highlights from its 2014 independent Reserves Evaluation and from its 2014 independent Montney/Doig Natural Gas Resource Assessment, announces its 2015 capital budget, provides updated guidance for 2015 and provides an operational update. The Corporation is pleased to report that in 2014, [Read more]
TransCanada tells U.S. State Dept. that EPA got Keystone XL assessment wrong
WASHINGTON - The Canadian government has accused a U.S. federal agency of a dishonest intervention in the Keystone XL pipeline debate, voicing its displeasure in a combative diplomatic letter.Ambassador Gary Doer said the Environmental Protection Agency used out-of-date data, worst-case scenarios, and erroneous comparisons in its submission on the pipeline."One is left with the conclusion that there has been significant distortion and omission to arrive at the EPA's conclusion," Doer wrote in a [Read more]
Republican-led Congress set to pass bill approving Keystone XL oil pipeline despite Obama veto
WASHINGTON - The Republican-controlled U.S. Congress is set to send a bill approving the Keystone XL oil pipeline to President Barack Obama, who has vowed to veto it.The House is expected to pass later Wednesday a Senate version of the bill.The measure has been tweaked from the version the House passed easily last month.But it does include a provision saying climate change is not a hoax, which could cause some conservative Republicans to think twice.The vote caps weeks of debate over one of the [Read more]
QEC: 2014 Montney Drilling Program Grows Proved and Probable Reserves by 55%
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on its 2014 year-end reserves and an updated resource assessment of its joint venture acreage in the Kakwa-Resthaven area of Alberta. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "The high quality of our Kakwa assets was proven with a significant increase in reserves in 2014 in spite of lower commodity prices. Our net [Read more]
Yangarra Announces 114% Increase in 2014 Reserves
CALGARY, Feb. 10, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the"Company") (TSX:YGR) releases the results of its 2014 year end oil and gas reserves evaluation, provides an operations update and a 2015 outlook. Reserve Report Highlights: The financial and operational information below is based on estimates and are unaudited. Developed producing reserves ("PDP") Increased by 48% (30% per share) to 5.8 million boe. Net present value before tax discounted at 10% ("NPV10") is $99.6 [Read more]