CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three and nine month periods ended September 30, 2013. Highlights Funds from operations were $42.0 million or $0.35 per share, a 6% increase over the third quarter of 2012. Excluding the impact of the Company's hedging program, funds from operations were $51.6 million or [Read more]
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Bonterra Energy Corp. Announces Third Quarter 2013 Results, Dividend Increase and 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Bonterra Energy Corp. (Bonterra or the Company) (TSX:BNE) is pleased to announce its financial and operational results for the three months and nine months ended September 30, 2013. In addition, the Company is pleased to announce its Board of Directors has approved both a 2014 capital expenditure program budgeted at $120 million and an increase to the monthly dividend to $0.29 per share beginning with the November dividend payable December 31, [Read more]
Pine Cliff Energy Ltd. Announces Third Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) -  . Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its third quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three months and nine months ended September 30, 2013 (the [Read more]
China, India increasingly drive global energy demand as US moves to self sufficiency
China and India are increasingly driving world energy demand as the United States' production boom puts it on track to become independent of the global market, the International Energy Agency said Tuesday. China is close to becoming the world's largest oil importer, while India will turn into the leading importer of coal in the next decade to lead the Asian surge, the Paris-based IEA said in its 2013 World Energy Outlook. "The dominance of Asia will be more and more visible," IEA executive [Read more]
Madalena Provides Domestic & International Operational Update
TSXV Trading Symbol: MVN CALGARY, Nov. 12, 2013 /CNW/ - Madalena Energy Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to provide the following update: Domestic Update: West-Central Alberta The Company is pleased to report that its most recent 100% working interest ("W.I.") horizontal Ostracod oil well located at 1-32-55-7W5M in the Paddle River area of west-central Alberta commenced production in early November 2013. During its initial nine operating days of production the well [Read more]
TORC Oil & Gas Ltd. Announces Third Quarter 2013 Financial & Operational Results, Successful Transition to Sustainable Dividend Plus Growth Company and Increase to 2013 Exit Guidance
CALGARY, Nov. 12, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2013. Highlights(in thousands, except per share data) Three monthsendedSept. 30, 2013 Three monthsendedSept. 30, 2012 Nine monthsendedSept. 30, 2013 Nine monthsendedSept. 30, 2012 Financial Funds flow from operations [Read more]
Legacy Oil + Gas Inc. Announces Third Quarter 2013 Results; Record Production and Cash Flow; Exceeds 2013 Exit Rate Guidance
CALGARY, Nov. 11, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's interim financial statements and the related MD&A which are available for review at [Read more]
LGX Oil + Gas Inc. Announces Third Quarter 2013 Results
CALGARY, Nov. 11, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2013. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com [Read more]
Clark: BC to build the cleanest LNG industry in the world
VICTORIA - Premier Christy Clark's Liberal government says it wants to build the cleanest liquefied natural gas industry in the world, but it's saying little about how it plans to make the industry clean. The Liberals say LNG can pave the way to a debt-free future, but others warn about the high environmental price where every tonne of LNG that's produced comes with a tonne of harmful greenhouse gas emissions sent into the atmosphere. Environment Minister Mary Polak says the Liberals have [Read more]
More oil and gas drillers turn to water recycling
MIDLAND, Texas - When the rain stopped falling in Texas, the prairie grass yellowed, the soil cracked and oil drillers were confronted with a crisis. After years of easy access to cheap, plentiful water, the land they prized for its vast petroleum wealth was starting to dry up.At first, the drought that took hold a few years ago seemed to threaten the economic boom that arose from hydraulic fracturing, a drilling method that uses huge amounts of high-pressure, chemical-laced water to free oil [Read more]