33% Increase in Daily Production, 56% Reduction in Secured Debt VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three and six month periods ended June 30, 2014. The Company generated net income of $730,000 for the three months ended June [Read more]
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Crew Energy Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three and six month period ended June 30, 2014. Q2 Highlights: Successfully closed the previously announced disposition of certain producing petroleum and natural gas assets in Alberta (the "Alberta Gas Disposition") reducing debt by $95.8 million from year end 2013 and enabling Crew to sharpen its focus [Read more]
Pine Cliff Completes Acquisition of Carrot Creek/Edson Area Oil and Natural Gas Assets
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of oil and natural gas assets in one of its core areas of Carrot Creek/Edson in the Province of Alberta for cash consideration of $33.25 million, prior to adjustments, has closed. Pine Cliff now has a combined asset base production profile of over 7,000 barrels of oil equivalent ("Boe") per day, weighted approximately 92% [Read more]
Pengrowth Continues to Deliver Positive Cardium and Lindbergh Results. Lindbergh Construction is Close to Completion
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) releases its financial and operating results for the three and six month periods ended June 30, 2014. "The second quarter marks another milestone in Pengrowth's transition to sustainable growth with excellent progress on our Lindbergh and Cardium projects. We continue to consistently deliver on what we said we would do," said Derek Evans, President and Chief Executive Officer of Pengrowth. [Read more]
Arsenal Energy Inc. Announces 2014 Second Quarter Results and Increase in Quarterly Dividend
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to release its 2014 Q2 financial and operational results. Cash flow for the second quarter was $11.6 million or $.72/share, a 14% increase from 2013 Q2. The Board of Directors has declared a 7.7% increase in the quarterly dividend to $.07 per common share. This increase is the second increase in the dividend so far in 2014 and is consistent with Arsenal's dividend policy of [Read more]
Deep Panuke back pumping natural gas after fire temporarily closes offshore well
HALIFAX - The Deep Panuke natural gas wells off Nova Scotia have resumed production after an electrical fire shut down operations on Sunday evening.A spokesman for Encana (TSX:ECA) says the wells, located about 250 kilometres east of Halifax, started pumping natural gas early today.Jay Averill says in an email the wells are back to pre-shutdown levels of 210 million cubic feet of natural gas per day.An inquiry into the cause of the fire will be prepared by Encana and operator SBM Offshore and [Read more]
Kinder Morgan to Expand the Edmonton Crude Oil Rail Terminal Now under Construction
Future potential capacity could total up to 250,000 barrels of crude oil per day HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) today announced that its 50-50 joint venture with Imperial Oil Limited (TSX: IMO) has entered into additional firm take or pay agreements with strong, credit worthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 barrels per day (bpd) at the Edmonton Rail [Read more]
Bellatrix appoints Brent A. Eshleman as Chief Operating Officer
CALGARY, Aug. 7, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the appointment of Brent A. Eshleman as Executive Vice President and Chief Operating Officer effective September 1, 2014. Mr. Eshleman joined Bellatrix in July 2012 as its Executive Vice President. Prior to joining Bellatrix, Mr. Eshleman was Vice President, Engineering and Exploitation at a large intermediate oil and gas company and has over 28 years of oil and gas [Read more]
Ivanhoe Energy Board Announcement
CALGARY, Aug. 7, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today reported the resignation of Mr. Alexander Molyneux from the Company's Board of Directors, effective August 2, 2014, in order to devote time to manage his other commitments. Mr. Molyneux has served on the Company's Board of Directors since May 2010. The Board of Directors and the Management of the Company thank Alex for his dedication and contribution over the last four years and wish him success in his other [Read more]
Whitecap Resources Inc. announces 2014 second quarter results
CALGARY, Aug. 7, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim consolidated financial statements and related [Read more]