CALGARY, May 12, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements and the related MD&A which are available for review at www.legacyoilandgas.com [Read more]
News
Pengrowth Reports Solid First Quarter Results and Provides Update on Lindbergh Thermal Project
CALGARY, ALBERTA--(Marketwired - May 12, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today released its financial and operating results for the three month period ended March 31, 2014. During the first quarter, Pengrowth generated strong production, strong funds flow from operations and continued to provide shareholders with a stable dividend. First quarter 2014 funds flow from operations of approximately $140 million ($0.27 per share) increased 32 percent compared to the fourth [Read more]
Valparaiso Energy Inc. Announcement of Signing of Letter Agreement For Asset Purchase
CALGARY, May 12, 2014 /CNW/ - Valparaiso Energy Inc. (the "Corporation") (VPO.H) is pleased to announce that it has signed a letter of intent with a major Canadian exploration and production company to purchase producing legacy oil and gas assets in North Central Alberta (the "Assets"). The purchase agreement is expected to be signed in the near future and the aforementioned purchase is subject to a due diligence review of the Assets by the Corporation, in addition to regulatory, stock exchange [Read more]
LGX Oil + Gas Inc. Announces First Quarter 2014 Results and Record Funds Flow from Operations
CALGARY, May 12, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or [Read more]
Pembina Pipeline Corporation Announces $460 Million of New Capital Projects
Aerial of Pembina Pipeline Corporation's Redwater fractionation facility. (CNW Group/Pembina Pipeline Corporation) Long-term agreements underpin third fractionator at Pembina's Redwater complex CALGARY, May 12, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has reached binding commercial agreements to proceed with constructing a new 55,000 barrel per day ("bpd") propane-plus fractionator ("RFS III") at its existing [Read more]
Big energy-savings bill headed for defeat, dragged down by dispute over Keystone XL pipeline
WASHINGTON - A widely popular, bipartisan energy savings bill is falling victim to election-year politics and the Obama administration's continued indecision on the Keystone XL oil pipeline. The legislation would tighten efficiency guidelines for new federal buildings and provide tax incentives to make homes and commercial buildings more efficient. It easily cleared a procedural hurdle last week but is stalling now after Republican demand for votes on the Canada-to-Texas pipeline and on new [Read more]
B.C. questions Kinder Morgan on Trans Mountain spill prevention, response regime
VANCOUVER - The province of British Columbia has questions for Kinder Morgan about the proposed expansion of its Trans Mountain pipeline. After a careful review of the company's application to the National Energy Board, the province has submitted 70 requests for more information. Environment Minister Mary Polak says the province wants to know more about the company's oil spill prevention, response and recovery plans. The $5-billion expansion would almost triple the capacity of the [Read more]
Nova Scotia to spend $12M over four years on offshore oil and gas data: source
HALIFAX - A source says the Nova Scotia government will announce it will spend $12 million over four years to fund scientific data on potential oil and natural gas opportunities in its offshore.The source says Premier Stephen McNeil will reveal on Tuesday details of the funding for geological research that is aimed at helping convince energy companies there are undiscovered pockets of hydrocarbons off Nova Scotia's shores.The source spoke on condition of anonymity.The province's Energy [Read more]
Encana Completes Sale of Its Jonah Field Operations in Wyoming for $1.8 Billion
CALGARY, ALBERTA--(Marketwired - May 12, 2014) - Encana Corporation (Encana) (TSX:ECA)(NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of certain natural gas properties in the Jonah field located in Sublette County, Wyoming to an affiliate of TPG Capital, for a purchase price of approximately US$1.8 billion. Encana Corporation Encana is a leading North American energy producer that is focused on [Read more]
Arcan Increased Production, Funds From Operations and Lowered Costs in First Quarter of 2014
CALGARY, ALBERTA--(Marketwired - May 12, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") increased production in the first quarter of 2014 by approximately seven percent, generated a 51 percent increase in funds from operations and reduced costs, as compared to the fourth quarter of 2013. "The results from the first quarter 2014 are reflective of our ongoing improvements in production, cost management and capital efficiencies" said Chief Executive Officer Terry [Read more]