CALGARY, ALBERTA--(Marketwired - May 26, 2015) - KANATA Energy Group Ltd. ("KANATA") is pleased to announce that it has reached agreement with Cequence Energy Ltd. ("Cequence") to acquire a 50% share of their Simonette gathering and processing facility in west central Alberta. The facility has a capacity of 100 mmcfd and is connected to the Alliance pipeline system. As operator of the joint venture, KANATA will lead the construction of a new 120 mmcfd refrigeration facility that will have the [Read more]
News
Legacy Oil + Gas Inc. Announces Business Combination With Crescent Point Energy Corp.
CALGARY, ALBERTA--(Marketwired - May 26, 2015) - Legacy Oil + Gas Inc. (TSX:LEG) ("Legacy" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. ("Crescent Point"), pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding common shares of Legacy ("Legacy Shares") on the basis of 0.095 of a common share of Crescent Point ("Crescent Point Shares") for each Legacy [Read more]
Crescent Point Announces Strategic Southeast Saskatchewan Consolidation Acquisition of Legacy Oil + Gas Inc., Upwardly Revised 2015 Guidance and a CDN$600 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - May 26, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce that it has entered into an arrangement agreement (the "Legacy Arrangement") to acquire all of the issued and outstanding shares of Legacy Oil + Gas Inc. ("Legacy"). Legacy is a publicly-traded, light oil-weighted producer with approximately 22,000 boe/d of high-netback production, of which more than 15,000 boe/d is from conventional and [Read more]
Alberta wildfires force evacuations at Statoil, MEG oilsands sites
CALGARY - Wildfires have prompted more evacuations from oilsands sites south of Fort McMurray, Alta., adding to the list of operators to be affected by out-of-control blazes in northeastern region of the province.MEG Energy (TSX:MEG) has bused about 900 workers out of its operations in the Christina Lake area, with about 80 staying behind for essential functions, spokesman Brad Bellows said Tuesday.The facility was undergoing some scheduled maintenance work so there were more than twice as many [Read more]
New Star Energy Ltd. Enters Into Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - May 26, 2015) - New Star Energy Ltd. ("New Star" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with a Chinese buyer (the "Buyer"), pursuant to which the Buyer will, subject to certain conditions, acquire all of the issued and outstanding common shares of New Star (the "New Star Shares") for cash consideration (the "Arrangement"). Under the terms of the Arrangement, each New Star [Read more]
Bellatrix Successfully Completes Construction and is Currently Commissioning its Deep Cut Gas Plant at Alder Flats
CALGARY, May 26, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it has successfully completed construction and has begun commissioning of Phase 1 of the Bellatrix O'Chiese Nees-Ohpawganu'ck deep cut gas plant in the Alder Flats area of Alberta (the "Bellatrix Alder Flats Plant" or the "Plant"). Phase 1 of the Plant was constructed with design capacity of 110 mmcf/d, and was completed ahead of schedule and within approximately 3% [Read more]
Ikkuma Resources Corp. Announces the Renewal of its’ $75 Million Syndicated Credit Facility
CALGARY, May 26, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report that its' $75 million syndicated credit facility ("Facility") has been renewed with no material changes to the existing terms and conditions thereof. The Facility will revolve for a 364 day period and will be subject to its next 364 day extension on or about July 29, 2016. The available lending limits are reviewed semi-annually and are based on the bank syndicate's [Read more]
Toro Oil & Gas Ltd. Reports First Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 26, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") announces its financial and operating results for the three months ended March 31, 2015. Selected financial and operational information is set out below and should be read in conjunction with Toro's March 31, 2015 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or the Company's website at [Read more]
Cenovus announces executive retirements
Succession plan in place CALGARY, May 26, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is announcing that after extensive and successful careers at Cenovus and its predecessor companies, four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at different times over the course of 2015. To minimize disruption to Cenovus's business and ensure the transitions are orderly and managed, the retiring executives will continue in varying [Read more]
MEG Energy moves non-essential staff from Christina Lake site
CALGARY, ALBERTA--(Marketwired - May 26, 2015) - MEG Energy Corp. (TSX:MEG) has responded to a potential risk from forest fires reported to the northwest of the company's facilities in the Christina Lake region of Alberta. While there is currently no safety risk or impact to production facilities, MEG has, as a precautionary measure, coordinated transportation out of the immediate area for non-essential staff and contractors. "Safety is absolutely paramount," said Jamey Fitzgibbon, Senior [Read more]