CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - DeeThree Exploration Ltd. ("DeeThree" or the Company") (TSX:DTX) announces its 2014 guidance and provides an operational update in respect of a well recently completed on its Brazeau Belly River property. 2014 Guidance The Company will undertake a $230 million capital expenditure program in 2014. This program is focused on the further exploration and development of the Company's Alberta Bakken property in the Lethbridge area of [Read more]
News
Manitok Energy Inc. Announces Successful Stolberg Drilling Results and Operations Update
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. Operations Update The 20th Stolberg Cardium horizontal oil well at 102/10-11-42-15W5M, was placed on production November 30, 2013. During the first two weeks of December the well flowed at an average unstimulated production rate of 695 bbls/d (521 net) of [Read more]
Tamarack Valley Energy Ltd. Provides a Production and Drilling Update
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the following production and drilling update. Production Update Tamarack is pleased to announce that based on field production estimates for November 2013, the Company averaged 4,473 boe/d (approximately 59% liquids) exceeding its guidance exit production rate of 4,200 to 4,300 boe/d. The Company remains on target to achieve its [Read more]
Lone Pine Resources Announces Filing of Restructuring Plan and Calling of Creditors’ Meetings
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a plan of compromise and arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA") relating to their previously-announced restructuring plan. The Plan provides for, among other things, the conversion of outstanding 10.375% senior notes due 2017 and [Read more]
Legacy Oil + Gas Inc. announces 2014 budget and public guidance
CALGARY, Dec. 17, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") is pleased to announce its capital and operating budget and associated public guidance for 2014. Continued success in the Company's Turner Valley, Midale and Spearfish plays have added significantly to production volumes and drilling inventory. These areas, along with expansion of the Company's waterflood pilots, will play key roles in 2014 organic activity and growth. Legacy expects to spend $350 million in 2014 [Read more]
Report coming on Northern Gateway pipeline
TORONTO - A panel reviewing a proposed pipeline to the Pacific Coast that would allow Canada's oil to be shipped to Asia will on Thursday deliver its recommendation on whether Canadian government should approve the project. Canada's National Energy Board said Tuesday the environmental report by the three-person review panel will be released Thursday in Calgary, Alberta. The final decision on whether Enbridge's controversial pipeline can go ahead, however, rests with Canada's Conservative [Read more]
Imperial Oil Files Regulatory Applications for Aspen Oil Sands Project
In-situ project will use steam-assisted gravity drainage technology Project design integrates energy-saving power cogeneration Project will support production growth plans CALGARY, Dec. 17, 2013 /CNW/ - Imperial Oil Limited today announced the filing of regulatory applications with the Alberta Energy Regulator and Alberta Environment and Sustainable Resource Development seeking approval of a new oil sands project on its Muskeg lease about 45 kilometres northeast of Fort McMurray. The proposed [Read more]
Oil shipments on southern Keystone XL leg to begin Jan. 22
CALGARY - TransCanada Corp. (TSX:TRP) says it expects to begin shipping oil on the southern leg of its Keystone XL pipeline on Jan. 22. The pipeline company gave its customers the news late Monday. TransCanada began filling the US$2.3-billion Oklahoma-to-Texas line just over a week ago. In the coming weeks, some three million barrels of crude are expected to make their way to Houston-area refineries. TransCanada is still awaiting approval from the Obama administration to construct [Read more]
Blockade removed after injunction: PennWest
LITTLE BUFFALO, Alta. - The blockade of a Calgary energy company's access road is down after a court injunction ordered a northern Alberta aboriginal band to remove it.PennWest Exploration (TSX:PWT) spokesman Greg Moffatt says the Lubicon First Nation's obstruction of an access road into a prospective drilling site has been removed.Lubicon First Nations leadership says it is meeting to decide what to do next.The protesters had been blocking the road since late November in an effort to stop the [Read more]
Encana Announces the Production Acceptance Notice at Deep Panuke Offshore Project
CALGARY, ALBERTA and HALIFAX, NOVA SCOTIA--(Marketwired - Dec. 17, 2013) - Encana Corporation (TSX:ECA) (NYSE:ECA) today announced the Production Acceptance Notice (PAN) at the Company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 million cubic feet per day (MMcf/d) of natural gas from four wells. "This is a major milestone for the Deep Panuke [Read more]