CALGARY, ALBERTA--(Marketwired - Sept. 27, 2013) - Blackdog Resources Ltd. ("Blackdog" or the "Company") (TSX VENTURE:DOG) is pleased to provide an update on the Company's planned acquisitions of two light oil properties in Northern Alberta (the "Properties") for $13,000,000, as announced on August 30, 2013. The Company has reviewed and continues to review multiple financing proposals to secure the required funding to purchase the Properties. The Company will provide a further [Read more]
News
North Dakota regulator: Oil production to double by 2017 to 1.6 million barrels per day
DICKINSON, N.D. — North Dakota’s top oil regulator says the state’s daily oil production will double to 1.6 million barrels by 2017. The Dickinson Press reports that Department of Mineral Resources Director Lynn Helms made the prediction Thursday in Dickinson at the annual meeting of the North Dakota Association of Oil and Gas Producing Counties. Helms says natural gas flaring as the No. 1 challenge for state regulators. Helms says he’s working with the North Dakota Industrial Commission [Read more]
Enbridge plans pipeline for Hangingstone
CALGARY - Enbridge Inc. says it has an agreement to build a 50-kilometre pipeline to serve the Hangingstone oilsands project, jointly owned by Japan Canada Oil Sands Ltd. and China's CNOOC Ltd. Pending regulatory approvals, the 12-inch lateral pipeline would connect Hangingstone to Enbridge's regional system at Cheecham, Alta.The agreement also provides for an optional eight-inch line to transport diluent to the project, Enbridge said in announcing the deal Thursday.Financial terms were not [Read more]
Donnycreek Reports Fiscal Year-End Reserves at July 31, 2013
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports the results of its July 31, 2013 Evaluation of Oil and Gas Reserves on its Alberta oil and gas properties, as evaluated by McDaniel & Associates Consultants Ltd. ("McDaniel") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). A summary of the Company's reserves volumes according to reserve [Read more]
Trilogy Energy Corp. Provides Operational Update on Montney Oil Pool, Duvernay Activity and Production Update
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Trilogy Energy Corp. (TSX:TET) ("Trilogy" or the "Company") is pleased to announce that it has recently finished completion operations on the step out well Trilogy Hz Kaybob 9-10-64-19W5 (the "9-10 well") on the western side of the Kaybob Montney oil pool, and also that it has plans to participate for its 30 percent working interest in two four well pads targeting Duvernay production. Kaybob Montney Oil Pool Expansion Trilogy [Read more]
Suncor Energy closes sale of the majority of its conventional natural gas business
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Suncor Energy today announced it has closed the previously announced sale of the majority of its conventional natural gas business in Western Canada to CQ Energy Canada Partnership, a newly established partnership between Centrica plc (LSE: CNA) and Qatar Petroleum International. The sale is consistent with Suncor's strategy to focus on a core portfolio of high return, oil producing assets and includes properties situated across [Read more]
Centrica and QPI complete C$1billion acquisition from Suncor
CALGARY, Alberta, Sept. 26, 2013 /CNW/ - Centrica and Qatar Petroleum International (QPI) have today completed aC$1 billion agreement with Suncor Energy to acquire a package of producing oil and natural gas assets in the Western Canadian Sedimentary Basin. The assets include proven and probable (2P) reserves estimated by the partners at 978 billion cubic feet equivalent (90% natural gas), with estimated 2013 production of approximately 250 million cubic feet equivalent per day. On behalf [Read more]
Enbridge to Connect JACOS Hangingstone Project to its Regional System
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it will construct facilities and provide transportation services to the Japan Canada Oil Sands Limited (JACOS) Hangingstone Oil Sands Project (the Hangingstone Project). JACOS and Nexen Energy ULC, a wholly owned subsidiary of CNOOC Limited, are partners in the project, which is operated by JACOS. Enbridge and JACOS have entered into a long term agreement for transportation services from [Read more]
MEG Energy announces pricing and increase in size of Senior Unsecured Notes offering
CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. today disclosed the pricing and an increase in the size of its previously announced US$750 million senior unsecured notes offering (the "Notes Offering"). Due to the positive market reception for the Notes Offering, MEG is increasing the total size of the offering to US$800 million fromUS$750 million. The senior unsecured notes will bear interest at 7.0% per annum and are due in 2024. MEG intends to use the net proceeds of the Notes Offering [Read more]
Sonde Resources Corp. Announces Joint Oil Approval of Assignments Required for Viking Farm-Out
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSE MKT:SOQ) announced today that Joint Oil's Board of Directors and General Assembly have approved the Assignments and the Amendment to the Exploration and Production Sharing Agreement ("EPSA Amendment") required as conditions precedent to closing the previously announced Viking Farm-out agreement for the Joint Oil Block. Sonde, Joint Oil and Viking will meet in the near term to execute a [Read more]