LINCOLN, Neb. - Opponents of the Keystone XL pipeline in Nebraska have filed two new lawsuits over the proposed route, after the state's Supreme Court recently tossed a previous legal challenge.Landowners in Holt and York counties filed lawsuits Friday against pipeline developer TransCanada to stop the Canadian company from using eminent domain power to gain access to their land.Their attorney, Dave Domina, says the lawsuits closely resemble the claim the court dismissed. But he says this time [Read more]
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Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2015) - Artek Exploration Ltd. (TSX:RTK) - Artek Exploration Ltd. ("Artek" or the "Company") is pleased to provide the following operational update. In the Inga/Fireweed area, during the final two months of 2014, the Company drilled and completed two horizontal Doig wells and one Montney well. The Doig horizontal well at 5-28-87-23W6M was completed using a 22 stage slickwater frac and has been on production for approximately 7 weeks. The well [Read more]
Rickford fetes startup of U.S. pipelines, but says more outlets needed
CALGARY - Canada's natural resources minister was in Texas on Friday to celebrate the opening of two new pipelines that will increase the flow of Alberta crude to the U.S., but said it's "imperative" to diversify beyond that market as the United States becomes more energy self-sufficient.Speaking to reporters by teleconference from the end-point of the newly expanded Seaway pipeline, Greg Rickford said the completion of that project, combined with the recently finished Flanagan South pipeline to [Read more]
Red ink is white knight: Alberta’s Prentice says deficits to solve oil crisis
EDMONTON - Premier Jim Prentice says low oil prices have put Alberta's economy on a razor's edge and the province needs to embrace budget deficits to avoid disaster."We are actually warned by economists that to try to deal with this too quickly could actually trip the province into a recession and make matters worse," Prentice told reporters Friday in a conference call from Houston."So there may, to some extent, be a need to operate at deficits which are acceptable."Prentice has previously [Read more]
Kicking Horse Energy Inc. Issues Incentive Options
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE:KCK) announces that it has issued a total of 2,574,000 stock options to employees, executive officers and directors of the Company in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at a price of $2.40 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the [Read more]
Southern Pacific Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2015) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) announced today that it has received notification from the TSX stating that the TSX is currently reviewing the eligibility of the Company for continued listing of its Common Shares and Debentures on the TSX. The TSX is evaluating the Company with respect to the following requirements: (i) its financial condition and operating results; (ii) adequate working capital [Read more]
Trilogy Announces 2014 Results and Updates 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2015) - Trilogy Energy Corp. ("Trilogy"") (TSX:TET) announces its 2014 production, capital expenditure and operating cost results and updates its 2015 guidance. 2014 Production Results Trilogy's 2014 results included: average daily production of approximately 35,100 Boe/d (approximately 40% oil and natural gas liquids); capital expenditures of $426.7 million; acquisitions net of [Read more]
Connacher Initiates Strategic Process
CALGARY, Jan. 15, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announces that in connection with Connacher's process to devise and implement a strategy to address its liquidity and capital structure, as announced on December 1, 2014, Connacher's Board of Directors has initiated a strategic process which could result in the sale of the Company or all or a portion of its assets. Interested parties should contact the Company's financial advisors, BMO Capital [Read more]
Peyto Exploration & Development Corp. Announces Management Team Additions and Confirms Dividends for First Quarter 2015
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2015) - Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) declares the following dividends, payable to shareholders of its common shares at the close of business on the record dates indicated. Dividend Amount per Common Share Record Date Ex-Dividend Date Payment Date $0.11 January 31, 2015 January 28, 2015 February 13, 2015 $0.11 February 28, 2015 February 25, 2015 March 13, 2015 (*) $0.11 March 31, 2015 March [Read more]
Encana Completes Sale of Its Clearwater Assets for C$605 Million
CALGARY, AB--(Marketwired - January 15, 2015) - (TSX: ECA) (NYSE: ECA) Encana Corporation (Encana) has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc. for a purchase price of approximately C$605 million. The sale includes about 1.2 million net acres of land, over 6,800 producing wells and approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural gas production. "We enter 2015 focused on furthering our strategy and [Read more]