CALGARY, ALBERTA--(Marketwired - Aug. 17, 2015) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) is pleased to provide the following operation update: Davis-Delong Unit # 1 Well As previously announced this well is operated by our joint venture partners, Hocking Hills Energy and Well Services ("HHE") and Chuck Henry Energy LLC ("CHE"). Marksmen has a 45% working interest in the well. It was spudded on July 20th 2015 and reached total depth on July 26th, 2015. The [Read more]
News
NEB OKs Goldboro LNG project to export liquefied natural gas from N.S. terminal
HALIFAX - Pieridae Energy (Canada) Ltd. says it has received Canadian approval to export natural gas in liquefied form to Europe from a proposed LNG terminal in Nova Scotia.The company says the National Energy Board has granted it 20-year licences to import gas from the United States and to export it from the proposed Goldboro LNG terminal.An affiliated company has already received similar approvals from the U.S. Department of Energy.Pieridae is one of three groups that has sought the NEB's [Read more]
Seven Generations reaches gas marketing agreement with Tenaska to optimize natural gas market access in the U.S. Midwest
CALGARY, Aug. 17, 2015 /CNW/ - Seven Generations Energy Ltd. (Seven Generations or 7G) has entered into an agreement with Tenaska Marketing Canada and Tenaska Marketing Ventures (Tenaska) that will see Tenaska manage 7G's expanding natural gas transportation capacity on Alliance Pipeline to the U.S. Midwest. "Tenaska is a leading North American energy firm with the gas marketing expertise and market connections to help optimize the value of our growing sales in the U.S. Midwest. This [Read more]
Crescent Point Energy Announces Closing of Coral Hill Energy Ltd. Acquisition
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to report that the previously announced acquisition of Coral Hill Energy Ltd. ("Coral Hill") closed today. As a result, Crescent Point has acquired productive capacity of approximately 3,200 boe/d of high-netback light oil and more than 500 net sections of land. The Coral Hill acquisition consolidates the Company's current position in the Swan Hills [Read more]
Terra Energy Releases Second Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2015) - Terra Energy Corp. ("Terra" or the "Corporation") (TSX:TT) announces its financial and operating results for the three month period ended June 30, 2015. Copies of Terra's first quarter results may be obtained at www.sedar.com or www.terraenergy.ca. Second Quarter 2015 Results Three months ended June 30 ($ in thousands, except per share and boe amounts) 2015 $ 2014 $ 2015 ($/boe) 2014 ($/boe) Revenue before [Read more]
Tourmaline Oil Corp. Completes Acquisition of Mapan Energy Ltd.
CALGARY, AB--(Marketwired - August 14, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Mapan Energy Ltd. (TSX VENTURE: MPG) ("Mapan") jointly announce the completion of Tourmaline's previously announced acquisition of all of the outstanding Mapan common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by Mapan shareholders by a vote of greater than 99.9% of the votes cast at the meeting, [Read more]
Climate Change Policy in Alberta Will Need a Balanced Approach: CAPP
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2015) - Oil and natural gas producers will continue to work with the Alberta government to tackle climate change with balanced and realistic solutions that reduce greenhouse gas (GHG) emissions while spurring investment and growth of the province's top job-creating industry, the Canadian Association of Petroleum Producers said today. "Climate change is a complex challenge with no easy solutions for Alberta, where oil and gas is such an integral part [Read more]
Western Canada feeling twin pains of low crude and high gas prices
CALGARY - Western Canada is being hit with the twin pains of the lowest prices for heavy crude in years alongside a significant spike in gasoline prices following a shutdown at a major U.S. refinery.Much of Canada west of Ontario saw gasoline prices jump 15 cents a litre this week for one of the biggest increases on record, says Dan McTeague, a senior petroleum analyst at GasBuddy.com."The price jump was historical," said McTeague. "The last time we saw a jump of that magnitude was 12 cents [Read more]
Alberta Government names 5 person climate change panel
Environment Minister Shannon Phillips just a moment ago announced the completed five person climate change panel chaired by University of Alberta professor Andrew Leach. The five panelists are: - Andrew Leach - Gord Lambert, President of GRL Collaboration and Sustainability (and formerly of Suncor) - Linda Coady, Chief Sustainability Officer, Enbridge Inc. - Stephanie Cairns, Principal of Wrangellia Consulting, and Pembina Institute Board Member - Angela Adams, Director of Education, [Read more]
Federal NDP opposition to petroleum industry lives in Twittersphere
Collectively, NDP MLA's, MP's, and ardent supporters all have made it clear on their position towards the Canadian petroleum industry. Resoundingly, the industry, to this cohort of the population ultimately represents a zero sum game whereby oilsand (tarsand in their words), and pipeline development means imminent catastrophe. In the twittersphere, The NDP make no bones about their stance on oil and gas in Canada. NDP MP Dennis Bevington expressed his misunderstanding on Twitter by [Read more]