The price of oil rose above US$100 a barrel for the first time in a week Wednesday on signs of increased demand for petroleum products.Benchmark West Texas Intermediate crude for April delivery gained 67 cents to close at US$100.37 a barrel on the New York Mercantile Exchange. The April contract expires Thursday and the more heavily-traded May contract rose 29 cents to US$99.17.The Energy Department said that demand for gasoline rose 1.5 per cent over the four-week period ended March 14, [Read more]
News
RMP Energy Provides Fiscal 2013 Results and Year-End Reserves and Announces Ante Creek Step-Out Drilling Success
CALGARY, ALBERTA--(Marketwired - March 19, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce for the year ended December 31, 2013 reported funds from operations of $78.6 million ($0.72 per basic share) on revenue of $136.1 million and average daily production of 6,872 barrels of oil equivalent (53% light oil and NGLs weighted). Detailed results are as follows: Financial Results Fourth Quarterly Summary Yearly Summary (thousands except share and [Read more]
Strategic Oil & Gas Ltd. Announces Amendment to Private Placement Terms
CALGARY, ALBERTA--(Marketwired - March 19, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that the Company has reduced the subscription price in respect of its previously announced Private Placements, from $0.54 to $0.50 per common share. The aggregate gross proceeds from the Private Placements remain unchanged at up to $50,000,000. [Read more]
Athabasca to update 2014 budget, says close to finding Duvernay partner
CALGARY - Athabasca Oil Corp. says it expects to table an updated 2014 capital budget in July, once there's a resolution to most of the uncertainty that's been dogging the oilsands developer and light oil producer.Calgary-based Athabasca (TSX:ATH) aims to announce a joint-venture deal for its holdings in Alberta's Duvernay shale around that time, after prospective partners have had a chance to look over new test results on four wells in the region.And with most hurdles cleared in Athabasca's [Read more]
Exall Energy Corporation announces results for the three months and year ended December 31, 2013
CALGARY, March 19, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its financial and operating results for the three months and fiscal year ended December 31, 2013, and that it has filed its Annual Information Form which contains reserves data and other oil and gas information required by Section 2.1 of NI 51-101. Exall's annual filings can all be found at www.exall.com or www.sedar.com. Exall's fiscal 2013 production [Read more]
Hemisphere Energy Provides Atlee Buffalo Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an update on operations in its Atlee Buffalo property in southeast Alberta. Hemisphere's first horizontal well in Atlee Buffalo was drilled in January 2014 and targeted the oil-bearing Glauconitic sandstones within the Mannville Group. The well has been on production for over 30 days at an average pumping rate of approximately 100 barrels of oil per day with a 2% [Read more]
New BOE Report industry activity map is set to revolutionize the oil and gas industry
CALGARY - Canada's fastest growing oil and gas news website has launched a new industry activity map that is set to revolutionize the industry's access to information. The creators of BOEReport.com have made a fully filterable display of all wells, licenced and spudded, in western Canada since 2010--and they did it for the best price: free! The map gives users the ability to filter several different criteria to limit wells. Using the BOE Report's Industry Activity Map users can quickly search [Read more]
Athabasca Oil Corporation Announces 2013 Year-End Results and a 32% Increase in Proved Plus Probable Reserves
CALGARY, March 19, 2014 /CNW/ - Athabasca Oil Corporation ("Athabasca" or the "Company") (TSX: ATH) announced today its 2013 year-end financial and operating results and also released its 2013 year-end reserve and resource estimates. 2013 Highlights: gross proved plus probable reserves increased by 32% year-over-year; produced an average of 6,397 barrels of oil equivalent per day ("boe/d") comprised of 49% liquids in 2013; fourth quarter production averaged 6,697 boe/d, in line with [Read more]
Hearings set on Enbridge Energy’s proposal to expand capacity of Alberta Clipper oil pipleline
ST. PAUL, Minn. - Minnesota regulators are holding hearings across northern Minnesota this week on Enbridge Energy's proposal to expand the capacity of its Alberta Clipper pipeline. Following a hearing Tuesday night in Hallock, the Public Utilities Commission has hearings set for Wednesday in Thief River Falls and Cass Lake, and Thursday in Floodwood and Duluth. The hearings will conclude with a final forum April 3 in St. Paul. The Alberta Clipper pipeline runs from Alberta to northeastern [Read more]
Painted Pony Reports 2013 Financial and Operating Results and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - March 18, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce its 2013 financial and operating results and provide an operations update. Highlights include: increased average production in 2013 to 8,693 barrels of oil equivalent per day ("boe/d"), weighted 82% towards natural gas, representing a 32% increase over 2012 average production. Natural gas production increased by 42% to average 42.9 million cubic [Read more]