CALGARY, ALBERTA--(Marketwired - Nov. 5, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) announced its clear vision and strategy today, earlier than initially expected, and has already started making the significant and bold changes needed to put Encana on track to be a leading North American resource play company. "We are doing what it takes to get Encana back to winning and we have already begun executing on our strategy with some of that impact being seen in our strong third quarter [Read more]
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NuVista Energy Ltd. Announces Third Quarter 2013 Results and Updated Resource Study
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2013) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2013 and provide an update on its business plan. During the third quarter of 2013 NuVista was able to advance its Wapiti Montney drilling program delivering production growth and increased cash flow, even during a quarter of lower natural gas prices. Development drilling project areas have now been defined in each of our North [Read more]
Surge Energy Inc. announces record results for the third quarter 2013
CALGARY, Nov. 4, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2013. FINANCIAL AND OPERATING SUMMARY ($000s except per share amounts) Three months ended September 30, Nine months ended September 30, 2013 2012 % change 2013 2012 % change Financial highlights Oil and NGL [Read more]
Peyto Exploration & Development Corp. Announces Pricing of Private Placement of Senior Notes
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") is pleased to announce that it has priced an issuance of CDN$120 million of senior unsecured notes. The notes will have a coupon rate of 4.5% and mature in December 2020. The notes will be issued by way of a private placement pursuant to a note purchase agreement and will rank equally with Peyto's obligations under its bank facility and existing note purchase and private shelf [Read more]
Alberta PC Minister: OIL SUCKING THE LIFE OUT OF ALBERTA
EDMONTON - Alberta Municipal Affairs Minister Doug Griffiths took some heat in the legislature Monday for recent comments saying the province's oil and gas wealth "sucks the life" out of everything else in the province."Why was the minister out there (in Prince Edward Island) saying that the energy sector sucks the life out of every other aspect of Alberta instead of promoting the very many national benefits of the (proposed) Energy East pipeline?," Wildrose Leader Danielle Smith asked during [Read more]
Yoho Resources Inc. Announces Appointment of Vice President, Exploration
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to announce that its Board of Directors has approved the appointment of Mr. Gregory Niebergall as Vice President, Exploration. Mr. Niebergall has been with Yoho since July, 2008, most recently in the role of Exploration Manager. At Yoho, he has held increasing responsibility for the Company's exploration and development activity. Greg holds a Bachelor of Science Degree with [Read more]
New Brunswick unveils new natural gas royalty plan to chagrin of critics
FREDERICTON - New Brunswick has released a new royalty plan for natural gas that the province's energy minister says will encourage exploration and give the province a greater share of profits.But industry opponents say they fear the government is forging ahead without listening to their concerns, particularly over shale gas development.Craig Leonard said it was necessary to come up with a new royalty regime."We needed to get the regime in place so industry could see what it would be costing for [Read more]
Altima Announces Production Start-Up of the Chambers Alberta Area Horizontal 14-15-41-11 W5M Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces the ALTIMA ET AL HZ CHAMBERS 14-15-41-11 W5M well, surface location 1-16-41-11 W5M (the Well") was placed on production November 1, 2013. The Company commenced construction of the 3.78 km Pipeline and Facilities for the Well on September 25, 2013 through a participation agreement (the "Agreement") between Acumen Energy Partners Inc. ("Acumen"), [Read more]
Ironhorse Announces Alberta Energy Regulator Approval and Asset Sale
CALGARY, Nov. 4, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces the following: Ironhorse is pleased to announce that on October 31, 2013, the Alberta Energy Regulator (AER) approved Grizzly Resources Ltd.'s Application No. 1707770 and Sinopec Daylight Energy Ltd's Applications No.'s 1723456, 1723458, 1723460, 1723486, 1723491, 1759037, 1759038, 1759044, 1759045 as well as No. 1728964 and No. 1696239. These approvals will allow Ironhorse and its [Read more]
US oil slips further closer to $94 after 4-month low
The price of oil slipped closer to $94 a barrel Monday after falling more than 7 percent in the past month on ample supplies and muted demand. By early afternoon in Europe, benchmark U.S. crude for December delivery was down 31 cents to $94.30 in electronic trading on the New York Mercantile Exchange. The contract dropped $1.77 to a four-month low of $94.61 on Friday. "Oil prices are finding themselves hardly able at all to recoup any of the losses they suffered last week," Frankfurt-based [Read more]