VANCOUVER - Environmental advocates say the B.C. government has been illegally granting natural gas companies repeated short-term approvals, allowing them to use large quantities of fresh water for years without obtaining full water licences.The Western Canada Wilderness Committee and the Sierra Club of B.C. are in a Vancouver court today asking it to throw out the short term approvals granted for water use for natural gas extraction known as hydraulic fracturing, or fracking.Under provincial [Read more]
News
Hawk Announces Resignation of Director
CALGARY, March 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that Thomas Buchanan has chosen to resign from the Corporation's Board of Directors in order to concentrate on other business endeavors. Mr. Buchanan has been a director of Hawk since its formation in February 2009. The Corporation would like to thank Mr. Buchanan for his tremendous guidance and contributions as a member of the Board of Directors of Hawk and for his past contributions as a director of [Read more]
New Brunswick Energy Institute to study effects of shale gas on groundwater
FREDERICTON - The New Brunswick Energy Institute will spend more than $500,000 on a groundwater study to assess the effects of shale gas development on domestic well water.David Besner, Interim Chair of the New Brunswick Energy Institute, says it’s clear people have concerns about their groundwater supply as it relates to resource development.Besner says the institute will provide scientific data to provide a better understanding about water quality and conditions.The project will be the first [Read more]
Support for Energy East builds among landowners, native groups, TransCanada says
FREDERICTON - A spokesman for TransCanada (TSX:TRP) says while there has been environmental opposition to the Energy East Pipeline, the project is getting support from landowners and native groups.Philippe Cannon addressed a business audience in Fredericton today, stressing the safety aspects of the $12-billion development.Cannon says despite opposition from some environmental groups, pipelines have proven safer than rail and roads for the transport of large quantities of oil.The 4,600-kilometre [Read more]
THERE GOES ANOTHER! Second Tory MLA quits party
Kennedy-Glans was the associate minister for electricity and renewable energy. Redford has been facing increasing unrest within her caucus, fuelled by concerns over her leadership style and a $45,000 trip to South Africa. Last week, Calgary backbencher Len Webber also quit the Tory caucus, calling Redford a bully and “not a nice lady.” Kennedy-Glans, who is a lawyer, co-authored a book on how companies can act with integrity. She said in the release Monday that she was looking forward [Read more]
Altima Announces Chambers 5-35-41-11 W5M Well Drilled and Cased
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 17, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was drilled to a Total Depth (TD) of 3,158 meters Measured Depth, casing set to TD, and Rig Released (RR) on March 16, 2014. As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. [Read more]
Crescent Point Energy Announces Appointment of New Board Member
CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the appointment of Robert Heinemann to its board of directors. Mr. Heinemann is the former President and CEO of Berry Petroleum Company, a role he held from 2004 until 2013, and a former vice president of Halliburton Company and Mobil Corporation. He holds a Bachelor of Education degree in chemical engineering, as well as a Doctor of [Read more]
Imperial Agrees to Sell Certain Western Canada Conventional Oil and Gas Assets
CALGARY, March 17, 2014 /CNW/ - Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately CA$855 million. The transaction is expected to close in May. Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split [Read more]
Keyera to Acquire Deep Cut Gas Plant in West Central Alberta
CALGARY, March 17, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today it has entered into an agreement with Whitecap Resources Inc. ("Whitecap") to acquire ownership interests in certain gas processing assets in west central Alberta, and in the associated oil and gas reserves. Whitecap is initially acquiring these assets as part of a larger transaction. Total cost to acquire the assets from Whitecap is approximately $113 million. The acquisition is subject to typical closing [Read more]
Whitecap Resources Inc. Announces Acquisition of Strategic Long Life, Low Decline Light Oil Assets, $500 Million Financing, Increased Dividend by 10% and Increased 2014 Guidance
CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase certain strategic light oil assets focused primarily in Whitecap's Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast BC, which is located just northwest of its core Valhalla area. Total net consideration is $692.7 million after giving effect to the disposition of certain Nisku [Read more]