CALGARY, Jan. 23, 2014 /CNW/ - "The Consulting Engineers of Alberta fully support the Northern Gateway Pipeline," says CEA President Craig Clifton, P.Eng. "At our Board meeting yesterday, we reviewed the decision of the National Energy Board Joint Review Panel that recommended approval of the pipeline project. Our discussion related to the capabilities of professional engineers to design and construct a pipeline that would efficiently carry crude oil and bitumen from Alberta to the West Coast [Read more]
News
Board calls for tougher rules for tank cars
OTTAWA - The Transportation Safety Board is calling for better protection standards for tanker cars used to haul flammable liquids by rail. Acting in the aftermath of the deadly Lac-Megantic disaster, the board is recommending that so-called DOT-111 cars used to carry oil and other flammable liquids meet tougher enhanced protection standards. The recommendation will cover tens of thousands of older model DOT-111s that are the workhorses of the oil-by-rail industry. The board is also [Read more]
Yoho Resources Announces Strategic Transaction to Create A Well Capitalized Duvernay Focused Company
CALGARY, ALBERTA--(Marketwired - Jan. 23, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that it has entered into an asset purchase and sale agreement (the "Agreement") for the divestiture (the "Transaction") of its Montney acreage in the Nig area of Northeast British Columbia (the "Nig Assets") to Storm Resources Ltd. (the "Purchaser") for total consideration of approximately $87.7 million. Pursuant to the terms of the Agreement, Storm has agreed to acquire [Read more]
Storm Resources Ltd. Announces Acquisition in the Montney Formation of the Umbach-Nig Area of North Eastern British Columbia and Equity Financing
CALGARY, ALBERTA--(Marketwired - Jan. 23, 2014) - Storm Resources Ltd. ("Storm") (TSX VENTURE:SRX) has entered into an agreement to acquire a 100% working interest in 29 sections of undeveloped land in the Umbach-Nig area prospective for liquids rich natural gas from the Montney formation (the "Acquisition"). Included in the Acquisition are two horizontal wells producing 359 Boe net per day (19% natural gas liquids or "NGL") from the Montney formation. The total cost of the Acquisition is $87.7 [Read more]
Aroway Energy Inc. Commences 3D Seismic Program at Kerrobert
CALGARY, ALBERTA--(Marketwired - Jan. 23, 2014) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that operations are well underway on a 3D seismic acquisition program over its farmin lands in the Kerrobert area of central Saskatchewan. Aroway will carry out the seismic operations over a 21 section area (13,440 acres) covering the lands on both of Aroway's farmin agreements. Aroway's contiguous farmin lands consist of 18 sections or [Read more]
Painted Pony Petroleum Announces Record Production, Provides Montney Operations Update and Initiates Hedging Program
CALGARY, ALBERTA--(Marketwired - Jan. 22, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to provide the following update. Highlights include: field estimated production volumes in November and December 2013 averaged a record 9,970 barrels of oil equivalent per day ("boe/d"), weighted 86% towards natural gas; estimated production volumes in the fourth quarter of 2013 averaged a record 9,350 boe/d, weighted 84% towards natural gas; construction [Read more]
Crescent Point Energy Announces Commencement of Trading on New York Stock Exchange and Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 22, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce that its shares opened for trading today on the New York Stock Exchange ("NYSE"), under the symbol "CPG". KCG Americas LLC is the Designated Market Maker for Crescent Point shares. "We're excited about our NYSE listing and the added exposure to the U.S. and international investor base," said Scott Saxberg, president and CEO of [Read more]
Apache Canada pipeline spills produced water northwest of Edmonton
WHITECOURT, Alta. - Alberta Environment says a pipeline has leaked northwest of Edmonton.The government department says it was notified of the leak on Tuesday morning.The pipeline is owned by Apache Canada and the leak happened about 20 kilometres northwest of Whitecourt.Alberta Environment says about 1.6 million litres of produced water leaked from the pipeline across a leased road and affected a small, unnamed tributary.The government says Apache is working to contain the leak, clean up the [Read more]
RMP Energy Achieves Record Quarterly Production, Announces Grizzly Exploration Drilling Success and Provides Ante Creek Pipeline Update
CALGARY, ALBERTA--(Marketwired - Jan. 22, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce and provide the following: Corporate Production For the fourth quarter of 2013, RMP's production is estimated at approximately 7,220 boe/d (weighted 55% light oil and NGLs), which represents a record level of quarterly production for the Company and a 9% increase over the preceding third quarter level of 6,639 boe/d. RMP's annual average daily production for fiscal [Read more]
Hawk announces granting of incentive stock options, provides operational update and updated corporate presentation
CALGARY, Jan. 22, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has granted a total of 1,136,500 options to directors, officers, employees and consultants, of which 975,000 were granted to directors and executive officers. Each option entitles the holder the right to acquire one Class A Share of the Corporation at an exercise price of $0.42 per Class A Share and expires ten years from the date of issue. The options vest equally over a three year period on the [Read more]