On June 2, 2015, Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE:TWM) announced that it had entered into an agreement to acquire certain assets comprising a 63% operated working interest in a gas processing and related pipelines located in the West Pembina ("Assets") region in central Alberta (the "Acquisition") for $180 million. On June 16, 2015, to finance the acquisition, Tidewater completed the issuance of 155,557,000 subscription receipts (the [Read more]
News
Black Swan Energy Announces Closing of Strategic Acquisition & Equity Financing
CALGARY, ALBERTA--(Marketwired - July 6, 2015) - Black Swan Energy Ltd. is pleased to announce the closing of its acquisition of Carmel Bay Exploration Ltd. On June 9, 2015, Carmel Bay announced it had entered into an Arrangement Agreement with Black Swan whereby Black Swan would acquire all of the issued and outstanding shares of Carmel Bay for cash consideration in a transaction valued at approximately $200 million. The acquisition includes 82,600 acres of 100% working interest lands [Read more]
Kicking Horse Energy Inc. Announces Kakwa Acreage Acquisition and Operational Update
CALGARY, AB--(Marketwired - July 06, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) is pleased to announce that it has acquired nine 100% working interest ("WI") sections of Montney rights in the Kakwa area of Alberta (the "New Acreage"). The New Acreage is located immediately offsetting the Company's West Kakwa acreage and within 3 miles of the Company's East Kakwa production block. Kicking Horse intends to spud a vertical assessment well on the New [Read more]
LGX Oil + Gas Inc. announces operations and corporate updates
CALGARY, July 6, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide an update of the Banff completion results from the 6-36-8-24 W4M well and various corporate developments. As previously announced, the Banff Formation was completed with a 6 m perforated interval in the build section of the intermediate casing of the 6-36 well and stimulated with a small volume acid job. Pump and rods have been run in the well and the well is currently producing at [Read more]
Northern Blizzard Resources Inc. Announces Operational Update
CALGARY, July 6, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces an operational update. Production for the second quarter of 2015 was approximately 21,600 boe/d as compared to 22,469 boe/d in the first quarter of the year. Production for the first half of 2015 was approximately 22,030 boe/d. Operating costs for the second quarter of 2015 were approximately $17.40 per boe. Operating costs were approximately $16.80 per boe for the first six [Read more]
Sunrise Energy Project Production Update
CALGARY, AB--(Marketwired - July 06, 2015) - Husky Energy (TSX: HSE) is continuing to ramp up production at the Sunrise Energy Project in northeast Alberta.Sunrise began producing bitumen in mid-March 2015. Twenty-five well pairs are now on production, with steaming under way on 43 of 55 well pairs. Strong reservoir and facility performance has contributed to increasing production volumes averaging 5,000-5,500 barrels per day (bbls/day) at the end of June, ahead of plan."We continue to follow a [Read more]
Husky Energy Undertaking Maintenance at Lloydminster Upgrader
CALGARY, AB--(Marketwired - July 03, 2015) - Husky Energy (TSX: HSE) is undertaking maintenance at its Lloydminster Upgrader that will see operations temporarily suspended for an estimated period of six to eight weeks.The unplanned maintenance activity is underway and will address repairs to the facility's coke drums. Upstream heavy oil production is not expected to be impacted.Husky Energy is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, Canada [Read more]
Edmonton man charged with 2 counts of murder at Alberta oil industry work camp
FOX CREEK, Alta. - An Edmonton man has been charged with murder in the deaths of two people at a work camp in northwestern Alberta.RCMP say a man and a woman were stabbed early Tuesday morning at the oil industry camp near Fox Creek, Alta.Court documents identify them as Dave Derksen and Hally Dubois.Police say the 37-year-old man was from La Crete, Alta. and the 50-year-old woman was from Red Deer.Mounties shot and wounded the suspect at the camp, known as Berland Open Lodge.Daniel Goodridge, [Read more]
Alberta Energy Regulator shuts down Murphy Oil wells for non-compliance
CALGARY - The Alberta Energy Regulator has forced Murphy Oil to shut heavy oil wells in northwestern Alberta because the company didn't meet the rules for properly handling gases.In an unannounced compliance sweep of 71 sites last month, the regulator found 16 Murphy wells weren't meeting a requirement to capture and flare, incinerate, or conserve all casing gas and tank-top gases according to a schedule set out by the company.Following that, the AER ordered Arkansas-based Murphy to conduct [Read more]
Maple Leaf Royalties Corp. Announces Inaugural Dividend
CALGARY, ALBERTA--(Marketwired - July 2, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") has declared an inaugural quarterly dividend of 0.3 cents per common share, payable in cash on July 31, 2015, to shareholders of record on July 15, 2015, with an ex-dividend date of July 13, 2015. This dividend has been designated as an eligible dividend for Canadian income tax purposes. About Maple Leaf Royalties Corp. Maple Leaf Royalties Corp. is focused on oil and gas [Read more]