CALGARY, AB--(Marketwired - September 29, 2014) - Encana Corporation (Encana) (TSX: ECA) (NYSE: ECA) and Athlon Energy Inc. (Athlon) (NYSE: ATHL) today jointly announced that the two companies have entered into a definitive merger agreement for Encana to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon by means of an all-cash tender offer (the "Offer") for US$5.93 billion (US$58.50 per share), as well as Encana assuming Athlon's US$1.15 billion of senior [Read more]
News
Tuscany Updates Summer Drilling Program, Confirms Current Production at 890 BOEPD
CALGARY, ALBERTA--(Marketwired - Sept. 29, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it has completed a drilling program of five horizontal oil wells and a water disposal well, all in Saskatchewan, increasing its current production average to a corporate record of 890 BOEPD. SUMMER DRILLING PROGRAM RESULTS At Evesham, Tuscany has successfully drilled two (1.2 net) new horizontal wells on the west side of its Evesham oil pool. The wells were placed on [Read more]
Donnycreek Reports Fiscal Year-End Reserves at July 31, 2014
CALGARY, ALBERTA--(Marketwired - Sept. 29, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports the results of its July 31, 2014 Evaluation of Oil and Gas Reserves on its Alberta oil and gas properties, as evaluated by McDaniel & Associates Consultants Ltd. ("McDaniel") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. A summary of the Company's reserves volumes according to reserve category as at July [Read more]
High North Resources Ltd. Announces Changes to the Board of Directors and Relinquishment of Lands Under New Farmout Agreement
CALGARY, ALBERTA--(Marketwired - Sept. 29, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce the following: Changes to the Board of Directors Mr. Colin Soares has resigned from the board of directors of the Company (the "Board") effective September 27, 2014. Mr. Soares will continue to lead the High North team in his capacity as President and Chief Executive Officer, furthering the Company's Montney development efforts in its core [Read more]
B.C. First Nation wins bid to challenge Northern Gateway pipeline in court
VANCOUVER - A First Nation from British Columbia's North Coast says the Federal Court of Appeal has agreed to hear its legal challenge of the Northern Gateway pipeline project.The Gitxaala (git-HAT-lah) Nation filed the court action in July over a federal cabinet decision to approve the project that would link the Alberta oilsands with a marine terminal on the B.C. coast.The Gitxaala say it has now been given the green light for a judicial review of the controversial $7-billion pipeline project [Read more]
Underwriters buy Encana’s remaining stake in PrairieSky for $2.6 billion
CALGARY - Encana Corp. (TSX:ECA) has completed the sale of its remaining stake in PrairieSky Royalty Ltd. (TSX:PSK) in a secondary offering valued at about $2.6 billion.The stock was sold to a syndicate of underwriters led by several of Canada's biggest banks at a pre-agreed price of $36.50 , which was $2 above PrairieSky's closing stock price on Thursday.PrairieSky's IPO price was $28 but the shares have never traded that low on the Toronto Stock Exchange The shares initially began trading at [Read more]
Tamarack Valley Energy Ltd. Closes Its Bought Deal Financings
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has completed its previously announced bought deal public offering of subscription receipts of the Company ("Subscription Receipts") and bought deal private placement offering of common shares of the Company issued on a flow-through basis ("Flow-Through Shares") for aggregate gross proceeds of $125,163,000. The Company issued 16,100,000 [Read more]
National Energy Board quashes Kinder Morgan pipeline survey motion
VANCOUVER - Kinder Morgan took its fight with the City of Burnaby, B.C., directly to residents on Friday, the latest salvo in an ongoing feud over the proposed expansion of its Trans Mountain pipeline.A letter distributed to residents near the company's Westridge marine terminal in Burnaby blamed city council for blocking its survey crews from Burnaby Mountain, home to Simon Fraser University and a expansive conservation area.Kinder Morgan's preferred route through the mountain would avoid [Read more]
Southern Pacific Announces Financial and Operational Results for the Year Ended June 30, 2014
CALGARY, ALBERTA--(Marketwired - Sept. 25, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced its financial and operational results for the year ended June 30, 2014. HIGHLIGHTS: Total Company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 4,173 barrels per day ("bbl/d") for the year ended June 30, 2014; The Company raised $150 million under a first lien term loan replacing [Read more]
Marquee Energy Announces Sale of Non-Core Asset for $14 Million and Maintains 2014 Production Guidance
CALGARY, Sept. 25, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces that it has entered into a purchase and sale agreement for the sale of a non-core, gas-weighted asset in the Pembina area of western Alberta for total consideration of $14 million, prior to customary closing adjustments (the "Transaction"). The Transaction is expected to close on or about September 30, 2014, subject to applicable regulatory approvals. The asset's current production is [Read more]