HALIFAX - The president of the Energy East Pipeline encouraged a business audience Wednesday to start registering for possible work on the proposed cross-country project. Steve Pohlod said in a speech at the Maritimes Energy Association in Halifax that the subsidiary of TransCanada (TSX:TRP) will need everything from security personnel for work camps to geotechnical experts and mechanical engineers if the 4,500-kilometre project is approved. The executive invited firms to start registering [Read more]
News
ARC Resources Ltd. reports fourth quarter and year end 2013 results
CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2013 operating and financial results. Fourth quarter production averaged 100,883 boe per day and funds from operations were $237.8 million ($0.76 per share). ARC's Audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for years ended December 31, 2013 and 2012, are available on ARC's website at www.arcresources.com and on [Read more]
ARC Resources Ltd. announces sixth consecutive year of 200 per cent or greater produced reserves replacement in 2013
CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") released today its 2013 year-end reserves and resources information. "I am really pleased with our team's performance again this year. We added significant reserves at a low finding cost through the drill bit and continued to convert our large reserve and resource base into production and cash flow," stated Myron Stadnyk, President and CEO. HIGHLIGHTS Replaced approximately 200 per cent of 2013 total production, adding [Read more]
Loma Oil & Gas Completes Sale of Assets in the Wainwright Area of Alberta
CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Loma Oil & Gas Ltd. ("Loma" or the "Company") (TSX VENTURE:LOG.H) is pleased to announce that it has completed the sale of its right, title and interest in Wainwright Unit No. 18 (the "Wainwright Unit") and certain other lands, leases and wells in the Wainwright area of Alberta (the "Non-Unit Assets") to an arm's length Alberta private company (the "Purchaser"). The disposition was completed in accordance with the terms of a definitive [Read more]
Oil gains; natural gas soars, then falls back
NEW YORK - The price of oil advanced slightly Wednesday as a report showed U.S. supplies rose less than expected last week. Natural gas rocketed to a new four-year high before plunging back near US$5 per 1,000 cubic feet on a continuation of recent volatility in that market. Benchmark West Texas Intermediate crude oil for March delivery rose 19 cents to US$97.38 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oil used by many U.S. refineries, gained [Read more]
New Brunswick energy customers told to brace for high natural gas prices
SAINT JOHN, N.B. - The New Brunswick Energy and Utilities Board is warning natural gas customers to prepare for high prices this month and possibly next. The board says natural gas prices reached record levels last month because of high prices in the New England market. It says the high prices are the result of demand in New England, where pipeline capacity is limiting the supply, driving up costs throughout the region. While there are plans to expand pipeline capacity to New England, [Read more]
Introducing BOE Report Jobs – Canada’s Source for Oil & Gas Jobs
Grobes Media Inc. is pleased to announce the launch of BOE Report Jobs. The site will be the new source for oil and gas jobs in western Canada. Featuring a very simple and easily navigable interface, Jobs.BOEReport.com will focus on oil and gas jobs specifically in western Canada. Job seekers can filter jobs by several categories and criteria including job type (full-time, part-time, contract...), location and sector (engineering, G&G, field operations...). Job seekers can also sign up [Read more]
Peyto Exploration & Development Corp. Announces Closing of $160 Million Equity Offering
CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Peyto Exploration & Development Corp. (the "Corporation") (TSX:PEY) is pleased to announce that it has closed its previously announced bought deal offering of common shares. Pursuant to the offering, the Corporation issued 4,720,000 common shares (including 300,000 common shares issued pursuant to the partial exercise of the over-allotment option granted to the underwriters) at a price of $34.00 per common share, for total gross proceeds of [Read more]
Alberta NDP leader calls increase in fracking ‘OUT OF CONTROL’
EDMONTON - Alberta New Democrats say newly released documents show fracking has become an unregulated free-for-all in the province with no regard for the impact on groundwater or on people's health. NDP Leader Brian Mason presented information Tuesday provided under freedom-of-information laws that shows the number of hydraulic fracturing licences granted by the province soared 647 per cent last year to 1,516. Mason said the amount of water allocated and used for fracking has increased [Read more]
Manitok Energy Inc. Announces Grant of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2014) - Manitok Energy Inc. (the "Corporation") (TSX VENTURE:MEI) announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors, officers, employees and consultants to acquire up to an aggregate of 1,134,000 common shares ("Common Shares") of the Corporation. All of such Options are exercisable for a period of five years at a price of $2.40 per Common Share and [Read more]