CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, WEF Osum Co-Invest II LP ("Osum II"), Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP (together with certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Osum II has completed a [Read more]
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Obsidian Energy Announces Closing of $175 Million, 5-Year Senior Unsecured Notes Due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes Due in 2027
Calgary, Alberta--(Newsfile Corp. - December 3, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $175.0 million aggregate principal amount of 8.125 percent five-year senior unsecured notes due December 3, 2030 (the "2030 Notes"). The 2030 Notes were issued at par under a trust indenture and are direct senior [Read more]
Headwater Exploration Inc. announces 2026 budget and operations update
CALGARY, AB, Dec. 3, 2025 /CNW/ - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) is pleased to announce its preliminary 2026 budget and provide an operations update. PRELIMINARY 2026 BUDGET The 2026 budget is a continuation of the momentum generated in 2025 through secondary recovery success in addition to new discoveries in the Grand Rapids formation in Marten Hills West and in the Wabiskaw formation in Greater Pelican. The Board has approved an initial 2026 budget [Read more]
US natgas futures climb 3% to 35-month high on record LNG flows, colder weather forecasts
U.S. natural gas futures climbed about 3% on Wednesday to a 35-month high, on record flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher demand over the next two weeks than previously expected. Limiting gains were record output, ample amounts of gas in storage and lower gas prices in Europe and Asia due mostly to the possibility that peace talks in Ukraine could result in the lifting of sanctions against Moscow. That could allow Russia, the world's [Read more]
TOP WELL REPORT – October volumes – ARC Resources takes top spot while industry wells in the Montney, Duvernay, Charlie Lake and Dunvegan are all represented
Most production data is out for October. Alberta has reported oil, condensate, and gas; full Alberta NGL data including pentane and marketable gas is due shortly, while Saskatchewan and BC data is complete. While the October data won’t be considered complete quite yet, it is nonetheless worthwhile to show the data as it stands today. Pentane volumes in Alberta will not be represented yet for October which may affect liquids results, and “gas equivalent” volumes will be used instead of [Read more]
Technical glitch allowed some traders to access US oil market data earlier than others
The U.S. Energy Information Administration published its weekly petroleum status report more than half an hour later than expected on Wednesday due to technical issues, although some traders got access to the data earlier than others. Oil traders closely watch the weekly EIA report as it includes the U.S. government's official update on crude and fuel inventories in the world's largest oil-producing and consuming country. It heavily influences oil market benchmarks. The U.S. Department of [Read more]
Venezuela’s oil exports surpass 900,000 bpd despite US pressure, data shows
Venezuela's oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the third-highest monthly average so far this year, as the country used more diluents to produce exportable grades, according to shipping data and documents. The OPEC producer is under increasing political pressure from the U.S., which has struck a score of alleged drug-smuggling boats in the Caribbean and threatened to extend military operations to land targets in the South American country. A large fire [Read more]
US crude, gasoline stocks rise, distillate inventories fall, EIA says
HOUSTON, Dec 3 - U.S. crude and gasoline stocks rose while distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 574,000 barrels to 427.5 million barrels in the week ended November 28, the EIA said, compared with analysts' expectations in a Reuters poll for an 821,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 457,000 barrels in the week, the EIA said. Refinery crude runs rose by 433,000 [Read more]
US crude oil imports from Mexico fell to record low last week, EIA says
U.S. crude oil imports from Mexico fell by 431,000 barrels per day (bpd) to a weekly record low of 131,000 bpd in the week ended November 28, according to data from the U.S. Energy Information Administration's (EIA) Petroleum Supply Report going back to 2010. That was lower than the prior all-time low for U.S. crude oil imports from Mexico of 149,000 bpd in the week ended January 31, 2025. (Reporting by Nicole Jao and Scott DiSavino in New York; Editing by Chizu Nomiyama ) [Read more]
Pipeline operator Enbridge forecasts higher 2026 core profit
Enbridge on Wednesday forecast higher core profit for 2026, as the Canadian pipeline operator expects to benefit from strong demand and new projects entering service. The company projected an adjusted core profit of C$20.2 billion ($14.49 billion) to C$20.8 billion, compared with expectations of between C$19.4 billion and C$20 billion for this year. Surging demand for AI-fueled data centers and accelerating electrification are expected to push U.S. power demand to record levels in 2025 and [Read more]
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