SIOUX FALLS, S.D. — A scientific poll done by two media organizations found wide support among South Dakotans for the Keystone XL pipeline. The statewide survey commissioned by the Argus Leader and KELO-TV shows 60 percent backing for the project, with 30 percent opposed and 10 percent undecided. The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 [Read more]
News
Questions swirl over New Brunswick position on shale gas fracking
FREDERICTON - New Brunswick's Liberal government is facing accusations that it is wavering on its promise to implement a moratorium on shale gas fracking just as an energy company says it needs to frack more wells in order to supply the province's potash sector.Premier Brian Gallant was elected just over a month ago on a promise to implement a moratorium on fracking until more is known about ways to safeguard water, public health and the environment.But critics say the government may be straying [Read more]
Chinook Energy Inc. Announces 2015 Montney Focused Capital Program and Guidance
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") announced today that its Board of Directors has approved a $135 million capital program for 2015 focusing on the development of liquids rich natural gas at Birley/Umbach, British Columbia and light oil at Grande Prairie, Alberta. Chinook is also updating its 2014 guidance and providing guidance for 2015. 2015 Capital Program Chinook's capital program for 2015 is designed to phase-in production [Read more]
Elkwater Resources Ltd. Announces Closing of Subscription Receipt Financing and Announces Flow-Through Financing Resulting in Aggregate Gross Proceeds of $100 Million
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2014) - Elkwater Resources Ltd. ("Elkwater" or the "Company") (TSX VENTURE:ELW) (to be renamed "Striker Exploration Corp.") is pleased to announce that the Company has closed a bought deal financing of subscription receipts of the Company co-led by Desjardins Capital Markets ("Desjardins"), TD Securities Inc. (together with Desjardins, the "Joint Bookrunners") and FirstEnergy Capital Corp. (together with the Joint Bookrunners, the "Co-Lead [Read more]
B.C. pipeline opponents cemented on blocking Kinder Morgan survey work
BURNABY, B.C. - Angry protesters stopped crews from conducting pipeline survey work on Burnaby Mountain Wednesday, forcing the company to reassess how it will finish work needed for a National Energy Board decision. RCMP officers watched as some protesters confronted a Trans Mountain survey crew, yelling "go back to Texas," while another protester crawled under a survey crew's SUV, wrapped himself around the front tire and refused to leave.Stephen Collis, a spokesman for the protesters who call [Read more]
BG Group pressing pause button on Prince Rupert LNG project, citing pricing
CALGARY - British energy firm BG Group is hitting the pause button on its proposed liquefied natural gas project near Prince Rupert, B.C., as it takes stock of shifting market conditions."All we're doing at this point in time is pausing on Prince Rupert. We're not abandoning Prince Rupert," interim executive chairman Andrew Gould told analysts Tuesday on a conference call to discuss BG's third-quarter results."We will continue to work on the project, but not at the same rhythm that perhaps we [Read more]
Yoho Resources Announces Operational Update and Appointment of Financial Advisor to Review Duvernay Strategic Options
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to provide an operational update of its drilling operations at Kaybob, Alberta. OPERATIONS UPDATE Kaybob Duvernay During fiscal Q4, Yoho continued with its Duvernay drilling program at Kaybob. Yoho has finished the drilling of a horizontal well at 01-13-59-19 W5 at a 100% working interest. The 01-13 well was drilled to a total depth of 5,081 meters, with a lateral [Read more]
Penn West Announces Appointment of Mr. Raymond D. Crossley to its Board of Directors
CALGARY, Oct. 29, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", the "Company", "we", or "our") is pleased to announce that its Board of Directors has appointed Mr. Raymond Crossley, CA to the Board effective late February, 2015, following his pending retirement from a long and distinguished career with PricewaterhouseCoopers LLP ("PwC"). Ray has elected to delay joining the Board until 2015 to ensure an orderly transition with his current PwC relationships. "We are [Read more]
MEG Energy Reports Record-High Production, Record-Low Non-Energy Operating Costs and Strong Pricing for the Third Quarter of 2014
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2014) - MEG Energy Corp. (TSX:MEG) today reported third quarter 2014 operating and financial results. Highlights include: Record quarterly production of 76,471 barrels per day (bpd), an increase of 11 per cent over second quarter 2014 results; Record non-energy operating costs of $7.16 per barrel with cash operating netbacks of $48.70 per barrel, a continuation of strong second quarter 2014 results; Near-record cash flow from operations of $238.7 [Read more]
Surge Provides Sustainability Outlook, Q3 Operations Update and Announces Executive Appointment
CALGARY, Oct. 28, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") is providing a sustainability outlook based on lower crude oil prices, and an operations update for the third quarter of 2014. The Company has experienced better than expected drilling, optimization and waterflood results across Surge's high quality, long life, light oil asset base, including continued successful step-out drilling results in the Upper Shaunavon formation in SW Saskatchewan, the Midale play in SE [Read more]