CALGARY, Nov. 11, 2015 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report its financial and operational results for the three and nine months ended September 30, 2015. Twin Butte has transitioned to a medium gravity oil focused producer with lower operating costs, lower royalties, lower per well capital costs and a deeper inventory of economic development opportunities. The combination of lower capital costs and average new well productivity [Read more]
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Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2015
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Storm Resources Ltd. (TSX VENTURE:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at September 30, 2015 and for the three and nine months then ended along with Management's Discussion and Analysis ("MD&A") for the same period. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three and [Read more]
Zargon Oil & Gas Ltd. Provides 2015 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) - FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2015) Funds flow from operating activities of $3.3 million were 67 percent lower than the $10.0 million recorded in the prior quarter, and 70 percent lower than the $10.9 million reported in the third quarter of 2014. The reduction in funds flow is primarily due to Zargon's sharply lower third [Read more]
Pipeline approval, ‘dirty oil,’ and political doublespeak
There really was little doubt that Keystone XL would not get presidential approval. But this predictable decision, having been made, still manages to disappoint. Yet, disappointments and reversals have housekeeping functions, serving as impetus for taking stock of the situation. Moreover, disappointments tellingly reveal the intent of reacting parties. Broadly speaking, Premier Notley is disappointed. Not in the final decision, because she never believed in Keystone XL. Rather, Premier Notley [Read more]
Eclipse Resources Third Quarter 2015 Operational and Financial Results
STATE COLLEGE, Pa.--(BUSINESS WIRE)--Eclipse Resources Corporation (NYSE:ECR) (the “Company”) today announced its third quarter 2015 financial and operational results. Highlights for the quarter include: Third quarter of 2015 net production averaged 225.2 MMcfe/d, which was approximately 5% above the high end of the Company’s previously issued guidance range for the quarter and represents a 163% increase to the third quarter of 2014 and a 13% sequential increase over the second quarter 2015. [Read more]
Birchcliff Energy Ltd. Announces Strong Third Quarter Results, Strong Quarterly Production, Record Low Operating Costs and Confirms 2015 Production Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce strong financial and operational results for the third quarter of 2015, with strong quarterly average production of 38,433 boe per day and record low operating costs of $4.39 per boe. The full text of Birchcliff's Third Quarter Report containing the unaudited interim condensed financial statements for the three and nine month periods ended September 30, 2015 and the related [Read more]
TransCanada Awarded Contract to Build US$500 Million Natural Gas Tuxpan Tula Pipeline in Mexico
MEXICO CITY, MEXICO--(Marketwired - Nov. 11, 2015) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico's state owned power company. "The Tuxpan-Tula Pipeline demonstrates our continued commitment to developing Mexico's energy [Read more]
In aftermath of Keystone XL rejection, no easy options for TransCanada
CALGARY - Immediately after U.S. President Barack Obama denied a permit for the Keystone XL pipeline, TransCanada Corp. (TSX:TRP) vowed to review all of its options.Unfortunately for the Calgary-based company, none of those options are quick, simple or sure to succeed, according to a Washington, D.C., lawyer who at one time dealt with energy issues at the U.S. Department of Justice."There's not much anyone can do to reverse the decision practically or legally in the short term," said Jim Rubin, [Read more]
Turning a new leaf on the Alberta climate change debate
In Premier Rachel Notley's keynote speech to the Alberta Chambers of Commerce in September, she emphasized the importance of Alberta improving its environmental record. To support her argument that such an initiative is in fact worthwhile both economically and for the Alberta population's health, Notley used the recent findings from the Canadian Ambient Air Quality Standards (CAAQS) report as evidence. Additionally, the rhetoric that her government uses clearly assumes that there is in fact man [Read more]
Tamarack Valley Energy Ltd. Announces 2015 Third Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2015) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce its operating and financial results for the third quarter of 2015. Production in the third quarter of 2015 increased by 25% to 8,717 boe/d and funds flow from operations increased by 11% to $14.6 million from the second quarter of 2015 despite a 16% decrease in crude oil prices. As a result, Tamarack is increasing its 2015 average production guidance to [Read more]