HALIFAX - Encana has temporarily taken its Deep Panuke offshore natural gas platform in Nova Scotia out of production due to water problems.The energy company warned in November that water levels in the reservoir were higher than was expected so early in the development, which began production in August 2013.Encana says it plans to resume production at Deep Panuke closer towards winter, when demand for natural gas is the greatest.The gas wells, which are located about 250 kilometres east of [Read more]
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RMP Energy Reports First Quarter 2015 Financial Results
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report for the three months ended March 31, 2015 funds from operations of $25.6 million ($0.21 per basic share) on realized revenue of $42.3 million and average daily production of 12,245 barrels of oil equivalent, weighted 47% light oil and NGLs. Detailed first quarter results are as follows: Financial Stats Quarterly Summary (thousands except share and per boe [Read more]
Freehold Royalties Ltd. Announces 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced first quarter results for the period ended March 31, 2015. RESULTS AT A GLANCE Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2015 2014 Change Gross revenue 27,751 49,200 -44 % Net income 21,617 17,854 21 % Per share, basic and diluted ($) 0.29 0.26 12 % Funds from operations [Read more]
Harvest Operations Announces First Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Harvest Operations Corp. ("Harvest" or "the Company") announces its financial and operating results for the first quarter ended March 31, 2015. This press release is an overview of the first quarter results for 2015 and should be read with the interim unaudited consolidated financial statements and Management's Discussion and Analysis (MD&A) for the first quarter ended March 31, 2015 available on the System for Electronic Document Analysis [Read more]
Yangarra Announces First Quarter 2015 Financial and Operating Results
CALGARY, May 14, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2015. First Quarter Highlights Earnings before interest, taxes, depletion & depreciation, amortization and changes in commodity contracts ("EBITDA") was $9.8 million ($0.17 per share - basic) or $5.6 million including changes in commodity contracts ($0.10 per share - basic). Oil and gas sales, after [Read more]
CAPP to Strike Industry Group to Work With Alberta Government on Priorities to Protect and Grow Oil and Gas Industry Jobs
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - The oil and natural gas industry is looking forward to working with the new Alberta government to protect and grow jobs and investment in the province and all of Canada. "Albertans voted for change and we are prepared to work with the new government to explore and embrace the best change possible," said CAPP president Tim McMillan. "CAPP will form an industry group to work with premier-elect Rachel Notley and her team on priorities to make the [Read more]
Spartan Energy Corp. Announces First Quarter Financial and Operating Results, Highlighted by Record Quarterly Production of 9,402 Boe/d
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report 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 Spartan'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 on the Company's website at [Read more]
Tamarack Valley Energy Ltd. Announces Acquisition of Wilson Creek Cardium Assets, $70 Million Bought Deal Financing and Increased 2015 Guidance
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it has entered into three separate binding purchase and sale agreements with three industry majors (the "Vendors") to acquire certain assets located in the greater Wilson Creek area of Alberta, contiguous with Tamarack's existing Cardium interests in Wilson Creek for total aggregate cash consideration of approximately $54 million (the [Read more]
TORC Oil & Gas Ltd. Announces First Quarter 2015 Financial & Operational Results
CALGARY, May 14, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month period ended March 31, 2015. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2015 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in thousands, except [Read more]
Canadian Natural Resources Limited Reports Voting Results at Annual General Meeting
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) held its Annual General Meeting of Shareholders on May 7, 2015. The result of the vote by shareholders for each resolution is reported below. 1. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed. Votes For Votes Withheld Catherine M. [Read more]