CALGARY, Sept. 4, 2014 /CNW/ - The National Energy Board (NEB or the Board) has released the revised List of Issues that will be important to examine in detail during the review of the Imperial Oil Resources Ventures Limited (IORVL) and Chevron Canada Limited (Chevron) proposals related to the Same Season Relief Well (SSRW) Policy. On July 11, 2014, the NEB announced it would review separate proposals from IORVL and Chevron to determine if the proposals will meet the intended outcome of the [Read more]
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Pembina Pipeline Corporation Advances Phase III Pipeline Expansion
Regulatory application marks project milestone CALGARY, Sept. 4, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has filed the necessary regulatory applications to the Alberta Energy Regulator ("AER") for its Fox Creek, Alberta to Namao Junction, Alberta segment of its previously announced $2 billion Phase III pipeline expansion (the "Phase III Expansion"). The Fox Creek to Namao Junction project (the "Project") consists of a new, [Read more]
Waldron Energy Corporation Announces Its Ferrybank Falher Well is Now on Continuous Production
CALGARY, ALBERTA--(Marketwired - Sept. 4, 2014) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to provide an operational update regarding its 100% working interest in the Waldron Ferrybank 16-14-043-28W4 horizontal Upper Mannville (Falher) well (the "16-14 well" or the "well"), which was successfully completed during the first half of August 2014. The Corporation has now successfully brought the well on continuous production and it is currently producing at [Read more]
Nova Scotia could miss economic opportunity with fracking ban: finance minister
TORONTO - Nova Scotia could be missing out on an economic opportunity by banning high-volume hydraulic fracturing, federal Finance Minister Joe Oliver warned Thursday after the province decided to indefinitely prohibit fracking for onshore shale gas.Oliver argued that fracking has been going on in several provinces for decades without any contamination of drinking water.However, he didn't point out that the Nova Scotia ban specifically applies to high-volume fracking, which requires far more [Read more]
Northern Gateway pipeline unlikely to start up by 2018, project president says
CALGARY - The president of the Northern Gateway pipeline says it's unlikely the project will start up in 2018 as the company seeks to win over B.C. First Nations groups, many of which remain adamantly opposed to the $7.9-billion project."We have stated that the earliest in-service date was 2018. That's quickly evaporating because we need to have this time to meet with people," John Carruthers told a Calgary business audience on Thursday."I'm not as fussed on what that date is. I'm more fussed on [Read more]
Seven Generations Energy Ltd. Reports Second Quarter Results
CALGARY, Sept. 3, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report its second quarter 2014 operating and financial results. Second quarter production averaged a record 23,999 boe/d, an increase of 288% from the second quarter of 2013, and funds from operations also set a record at $66 million. Second quarter net income for 2014 was $44 million or $0.41 per share on a fully diluted basis. In the second quarter of 2014, Mr. Marty Proctor joined 7G as [Read more]
NuVista Energy Ltd. Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - NuVista Energy Ltd. (TSX:NVA) ("NuVista") is pleased to announce that it has closed its previously announced private placement of an aggregate of 2,360,655 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) for gross proceeds of approximately $29.4 million. Approximately 1,476,144 of the shares (the "CDE FT Shares") were issued at a price of $11.99 per share and the purchasers will be entitled to [Read more]
Canadian Association of Petroleum Producers (CAPP): Nova Scotia Govt.’s Decision May Result in Missed Opportunity
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - The Canadian Association of Petroleum Producers today expressed disappointment with the Nova Scotia government's decision to preclude the use of hydraulic fracturing to develop the province's onshore natural gas resources. "The government's decision appears to be largely based on considerations other than the technical knowledge and experience of industry regulators and experts in Canadian jurisdictions where hydraulic fracturing has been used [Read more]
Zargon Oil & Gas Ltd. Announces Property Dispositions, Provides a Little Bow ASP Flood Project Update and Revises Production Guidance
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB) ("Zargon") reports the sale of its Jarrow natural gas property, provides a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary flood project update and revises corporate production guidance. Property Dispositions Update Zargon has recently completed four additional property transactions, including the sale of the Company's Jarrow natural gas property in East Central Alberta. In [Read more]
Suncor Energy sells non-core Wilson Creek assets
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Suncor Energy today announced it has reached an agreement to sell its Wilson Creek assets located near Rimbey, Alberta to Tamarack Acquisition Corp., a wholly owned subsidiary of Tamarack Valley Energy Ltd., for $168.5 million. Estimated net production year to date from this business was 1,702 boe/d. Wilson Creek is a Cardium-focused operation (over 80% average Suncor working interest) and includes a 52% working interest in the operated Wilson [Read more]