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]
News
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]
Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Artek Exploration Ltd. (TSX:RTK) ("Artek" or the "Company") is pleased to provide the following update. As a result of its operational success in late 2014 including record production rates from Artek's fourth quarter Montney and Doig horizontals in its Inga/Fireweed area of operations and some of the highest IP60 rates for liquids seen in British Columbia this year, the Company is in a position to be conservative in its capital expenditure [Read more]
Cardinal Energy Ltd. Announces New VP of Finance and Confirms Monthly Dividend for February
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) announces the appointment of Mr. Laurence Broos to the Company as VP Finance. Mr. Broos has extensive experience in the areas of accounting and finance within the oil and gas industry. Most recently Mr. Broos held positions of increasing responsibility with an intermediate producer having at times been responsible for treasury, financial reporting, investor relations and forecasting. [Read more]
Traverse Energy Ltd. Announces Revised 2015 Capital Budget & Program
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that the Board of Directors has reviewed and approved a reduction in the 2015 exploration and development program as a result of the current commodity price environment. The exploration and development program for 2015 of $34 million has been reduced to $15 million. The Corporation's drilling program for 2015 has been reduced from 14 wells, including 7 horizontals, to an [Read more]
Pembina Pipeline Corporation To Expand Vantage Pipeline
CALGARY, Feb. 10, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has entered into agreements to expand the Vantage pipeline system ("Vantage") (the "Vantage Expansion") for an estimated capital cost of $85 million. The Vantage Expansion entails increasing Vantage's mainline capacity from 40,000 barrels per day ("bpd") to approximately 68,000 bpd through the addition of mainline pump stations and the construction of a new 80 [Read more]
Halliburton says it will cut 5,000 to 6,200 jobs in response to plunge in oil prices
NEW YORK - Oil and gas drilling services company Halliburton said Tuesday that it will eliminate at least 5,000 jobs in response to falling oil prices.The Houston company said it will lay off 6.5 to 8 per cent of its staff, which represents 5,005 to 6,160 employees based on its total from the end of 2014.The company said the cuts will come from all areas of its operations and that the moves are necessary because of the difficult market. Halliburton did not provide any details on the timing of [Read more]
Saturn Minerals Reports Updated Seismic Interpretation From its Saskatchewan Bannock Creek Property and Drilling of First Exploration Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces that it has completed the interpretation of the latest seismic data with 3 additional recently acquired lines now totaling 60 km on the Bannock Creek property in eastern Saskatchewan. The Company has incorporated the new seismic data with its existing geophysical model for the Bannock Creek project which is designed to identify and confirm [Read more]
Kicking Horse Energy Provides Operations and 2015 Guidance Update
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE:KCK) reports an update on its operational activity and provides updated guidance for 2015. Operations During Q4 2014, Kicking Horse drilled 4 (3 net) wells and completed 3 (2.25 net) previously drilled wells, with 1 (0.75 net) of these completed wells being placed on production. At the end of Q4 2014, the Company had 4 (3 net) wells drilled and awaiting completion and [Read more]