CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a binding agreement with Canexus Corporation ("Canexus") to transport bitumen blend to Canexus' unit train rail loading operations near Bruderheim, Alberta. Under the terms of the 10-year agreement, Inter Pipeline will provide Canexus with 100,000 barrels per day (b/d) of firm capacity on a new pipeline lateral from the Cold Lake pipeline system. [Read more]
News
Funding available to participate in the NEB’s regulatory process regarding the Trans Mountain Expansion Project
CALGARY, July 22, 2013 /CNW/ - The National Energy Board (NEB, or the Board) is making funding available under its Participant Funding Program to assist landowners, Aboriginal groups, incorporated non-industry, not-for-profit organizations, and other interested persons to participate in the regulatory process of the proposed Trans Mountain Expansion Project. The project would expand the existing Trans Mountain pipeline system in Alberta and British Columbia, and include approximately 981 [Read more]
Authorities: 12 arrests after Enbridge pipeline protest in Michigan
STOCKBRIDGE, Mich. - Authorities in Michigan say they've arrested 12 people who are part of a protest that's attempting to block Enbridge Inc. (TSX:ENB) from building a replacement oil pipeline across the state into southwestern Ontario. The Ingham County sheriff's department said four people who had attached themselves to equipment were arrested for trespassing. The Lansing State Journal (http://on.lsj.com/17ythUY ) reports the arrests came during a protest about 90 kilometres west of [Read more]
More Canol land up for grabs: NWT minister
CALGARY - Ten new parcels of land are coming available in an emerging shale oil deposit in the Northwest Territories. Industry Minister David Ramsay says he expects to see strong interest in the leases, north of where companies have already committed to spend some $630 million on drilling. So far, Imperial Oil (TSX:IMO), Shell, ConocoPhillips, MGM Energy (TSX:MGM) and Husky (TSX:HSE) have staked out positions in the Canol shale in the Central Mackenzie Valley. Ramsay was at [Read more]
CanElson to buy Calmena’s contract drilling rigs, other assets for $15
CALGARY - Calmena Energy Services Inc. (TSX:CEZ) has agreed to sell its remaining Canadian contract drilling assets for $15 million to CanElson Drilling Inc. (TSX:CDI). CanElson says the three rigs it's acquiring from Calmena are fully crewed and currently contracted, with two of them operating in Alberta. The all-cash deal is not subject to CanElson obtaining financing, and is expected to close by Wednesday. Calmena has been exploring its strategic alternatives and announced [Read more]
US university plans to build, study fracking well
COLUMBUS, Ohio (AP) — Ohio State University says its researcher want to install and study a gas well in eastern Ohio to study the process of hydraulic fracturing, or fracking. The Columbus Dispatch reports that the shale drilling well would be built on university owned land in Noble County. Supporters say it provides researchers opportunity to study how shale drilling alters the environment and assess pollution risks to the air and groundwater. The process requires a 200-foot-tall drilling [Read more]
CanElson Announces Purchase of Three Drilling Rigs and Operational Update
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX:CDI) announces that it has entered into an agreement to purchase an AC electric tele-double pad drilling rig, two single rigs, spare equipment as well as land and building located in Leduc, Alberta from Calmena Energy Services Inc. for total consideration of $15.0 million (the "Acquisition"). All of the rigs are fully crewed, currently contracted and two are currently operating in Alberta. [Read more]
Artisan Energy Provides Update on Operations at Ferrybank, Chip Lake and Southern Alberta
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to provide the following operations update. HIGHLIGHTS Current production exceeding 400 boe/d (70% oil and NGLs). Drilling success on two additional horizontal oil wells at Ferrybank. Completion of solution gas pipeline at Chip Lake and tie-in of initial horizontal well. Pooling of [Read more]
Calmena Announces Divestiture of Canadian Contract Drilling Assets
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Calmena Energy Services Inc (TSX:CEZ) ("Calmena" or the "Company") is pleased to announce that it has entered into a binding definitive agreement (the "Agreement") to sell all of its remaining Canadian Contract Drilling assets to CanElson Drilling Inc. ("CanElson") for a purchase price of $15.0 million. The purchase price is comprised of all cash and is not subject to CanElson obtaining financing. The closing is subject to certain conditions and [Read more]
Painted Pony Petroleum Announces Executive Appointment
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce the following executive appointment: John Van de Pol has been appointed as the Company's Vice-President, Finance and Chief Financial Officer, effective September 3rd, 2013. Mr. Van de Pol is a chartered accountant with more than 33 years of oil and gas industry experience. His impressive background includes successfully [Read more]