CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that the Company has entered into an agreement to acquire certain properties located in the Dodsland area of southwest Saskatchewan (the "Acquisition") for $105 million, the Company has also entered a freehold leasing arrangement ("Freehold Arrangement") [Read more]
News
Encana Reports Solid Third Quarter Supported by Liquids Growth and Progress on Cost Improvements
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) recorded a second consecutive profitable quarter with third quarter 2013 net earnings of $188 million or $0.25 per share, cash flow of $660 million or $0.89 per share and operating earnings of $150 million or $0.20 per share. Year to date, the Company has generated net earnings of $487 million or $0.66 per share, cash flow of $1.9 billion or $2.58 per share and operating earnings of $576 million or $0.78 per [Read more]
Enerplus Increases Production Estimates for 2013 and Sells Non-Core Assets
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Oct. 22, 2013 /CNW/ - Enerplus Corporation [Read more]
Surge Announces Two High Quality Light Oil Acquisitions, an Upward Revision to 2013/14 Guidance, and a 19 Percent Increase in Dividend
CALGARY, Oct. 22, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced today two strategic, high quality light oil acquisitions. The first acquisition involves the $147 million purchase of all of the shares of a Calgary based private oil and gas company (the "Privateco"), with high netback, operated, producing light oil assets focused in the Steelman area of SE Saskatchewan, and the Dodsland area of SW Saskatchewan (the "Privateco Assets"). The consideration to be paid to the [Read more]
REPORT: Alberta and Saskatchewan workers looking at biggest pay raises in 2014
CALGARY - The Conference Board of Canada says workers in Alberta and Saskatchewan will fare the best with wage increases next year largely due to a shortage of qualified employees in the energy sector.Board vice-president Ian Cullwick says frenzied resource development and a shortage of trained workers means that Alberta and Saskatchewan will lead the way next year with average increases of 3.7 per cent.At the bottom of the scale is Atlantic Canada at 2.5 per cent and Ontario at 2.6 per [Read more]
After shale gas protesters burn 6 police cars and bring weapons to blockade, group calls for investigation of…RCMP!
MONCTON, N.B. - A group opposed to shale gas development in New Brunswick is raising questions about the RCMP's enforcement of an injunction against protesters last week in the province. Jim Emberger of the New Brunswick Anti-Shale Gas Alliance says the Mounties should be asked about the authorization, timing and necessity of their actions Thursday near Rexton. Emberger says there have been many peaceful anti-shale gas demonstrations in the province. Forty people were arrested and [Read more]
Second environmental order issued over northern Alberta oilsands leak
EDMONTON - The Alberta government is ordering more environmental protection work be done on the Primrose oilsands project in northern Alberta. Earlier this fall, Canadian Natural Resources Ltd. was told it must remove most of the water from one of its bitumen leak sites — a small lake — before it freezes. On Monday, the company was told it must also determine the impact to subsurface groundwater and work to find the root cause of all four bitumen releases. The province says that will [Read more]
RMP Energy Announces Strategic Asset Purchase and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce a strategic asset purchase and provide an operational update highlighting the results from a recently-completed Ante Creek Montney oil well in addition to Waskahigan and Grizzly area operations. Ante Creek and Waskahigan Asset Purchase On October 21, 2013, RMP entered into a definitive purchase and sale agreement to acquire complementary Montney light oil [Read more]
Atikwa Resources Inc. Announces Dismissal of Dissident Shareholders Application
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2013) - Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) is pleased to announce that pursuant to a decision of the Court of Queen's Bench of the Province of Alberta (the "Court"), the previously announced application by the dissident shareholder group ("Dissident") contesting the election of directors at the Company's annual and special meeting held on August 30th has been dismissed with the costs payable to Atikwa. Pursuant to the [Read more]
Final day of Enbridge Line 9 pipeline hearings cancelled over security
ELSIPOGTOG FIRST NATION, N.B. - The people of the Elsipogtog First Nation will continue their fight against shale gas exploration in New Brunswick, the community's chief said Monday as he criticized the RCMP for the way it handled a protest last week that spiralled out of control."What the RCMP put our people through was almost horrendous, to say the least," Aaron Sock told a news conference.Sock said every effort will be made to keep its opposition peaceful after 40 people were arrested and [Read more]