CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the quarter and year-ended December 31, 2013. FINANCIAL AND OPERATING HIGHLIGHTS Trilogy added 19.5 MMBoe of proved reserves (50 percent oil and NGLs) and 20.8 MMBoe of proved plus probable reserves (53 percent oil and natural gas liquids), including positive technical revisions. Trilogy replaced 154 percent of 2013 produced [Read more]
News
TransCanada makes initial filing for $12-billion Energy East oil pipeline
CALGARY - TransCanada Corp. has taken an initial step toward obtaining regulatory approval for its proposed $12-billion Energy East oil pipeline. The Calgary-based pipeline giant (TSX:TRP) filed a project description with the National Energy Board on Tuesday — a key step in the process. The more than 100-page document provides details on the project based on engineering assessments, environmental studies and community consultations. The 4,600-kilometre Energy East pipeline would connect [Read more]
Crude oil down sharply after Putin eases fears of escalation of Ukraine crisis
The price of crude oil dropped sharply Tuesday after Russian President Vladimir Putin said his country was not seeking to escalate the conflict in Ukraine Benchmark West Texas Intermediate crude for April delivery fell $1.59 to US$103.33 a barrel on the New York Mercantile Exchange. On Monday, oil added $2.33 to close at $104.92. Brent crude, used to set prices for international varieties of crude, fell $1.90 to US$109.30 a barrel on the ICE Futures exchange in London. Putin said that [Read more]
Baytex Signs Agreement to Increase Conservation of Produced Gas for Power Generation in Peace River Area
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) is pleased to announce the signing of a 10-year agreement with Genalta Power Inc. ("Genalta") to deliver the majority of the excess natural gas production associated with its Three Creeks heavy oil production in the Peace River area to a power generating facility to be constructed by Genalta. The project will generate 12 megawatts of low emission power, providing the daily energy requirement for [Read more]
Donnybrook Announces Resignation of Director
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) announces that Mr. David Patterson has resigned as a director and Chairman of the Company for personal reasons, effective immediately. Donnybrook thanks Mr. Patterson for his contributions to the Company and wishes him well with his future endeavours. Further information relating to Donnybrook is also available on its website at www.donnybrookenergy.ca. [Read more]
Canada writes U.S. to plug Keystone XL, offer to work together on oil pollution
WASHINGTON - The Canadian government has sent the Obama administration a letter making its case for the Keystone XL pipeline. The letter argues the merits of the pipeline on environmental, economic and energy-security grounds. It expresses a desire to work with the Americans on oil and gas issues, without wading into specifics. The three-page note is signed by Canada's ambassador to Washington, Gary Doer, and addressed to Secretary of State John Kerry. Kerry is leading a regulatory [Read more]
Donnycreek Announces Resignation of Director
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) announces that Mr. David Patterson has resigned as a director of the Company for personal reasons, effective immediately. Donnycreek thanks Mr. Patterson for his contributions to the Company and wishes him well with his future endeavours. Donnycreek is a Calgary based public oil and gas company which holds approximately 438 gross (313 net) sections of petroleum and [Read more]
Donnycreek Provides Wapiti Field Operations Update
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) provides an operations update for its activities in the Wapiti area. 1-26 Wapiti Completion Operations Completion operations on the Company's Wapiti 01-26-64-8 W6M horizontal middle Montney exploration well (75% WI) (the "1-26 Well") have been temporarily suspended following a successful hydraulic stimulation of 15 stages in the horizontal section of the [Read more]
Tourmaline Oil Corp. to Acquire Santonia Energy Inc. as it Continues Its Deep Basin Growth Strategy
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce that it has entered into an agreement with Santonia Energy Inc. (TSX: STE) ("Santonia") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each Santonia common share. The acquisition will be effected by statutory plan of arrangement (the "Arrangement"). Based on the [Read more]
Santonia Energy Inc. Announces Arrangement, Operations Update & 2013 Year End Reserves Summary
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Santonia Energy Inc. ("Santonia" or the "Company") (TSX:STE) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Tourmaline Oil Corp. ("Tourmaline") (TSX: TOU) pursuant to which Tourmaline, has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of Santonia on the basis of 0.03012 of a Tourmaline common share ("Tourmaline Shares") for each outstanding [Read more]