CALGARY, May 8, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces the results from operations for the first quarter 2015. HIGHLIGHTS: Enerplus delivered strong operating results and continued to demonstrate prudent financial stewardship through a focus on disciplined capital allocation and cost control. We are well positioned to achieve our key operating targets in 2015 and remain in a strong financial position as we navigate through a challenging commodity [Read more]
News
Crew Energy Inc. Announces First Quarter 2015 Financial and Operating Results and Updated Montney Resource Evaluation
CALGARY, ALBERTA--(Marketwired - May 7, 2015) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") is pleased to announce our operating and financial results for the three month period ended March 31, 2015. Our Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three month period ended March 31, 2015 are available on Crew's website and will be filed on SEDAR. Q1 HIGHLIGHTS Updated our independent Montney Resource [Read more]
Dejour Reports Q1 2015 Results
49% Oil Production Increase Driven By New Woodrush Wells VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three month periods ended March 31, 2015. Q1 2015 Key Financial and Operating Highlights are: Successfully completed and [Read more]
Saskatchewan group says Energy East pipeline project benefits outweigh risks
SASKATOON - The Saskatchewan Association of Rural Municipalities believes that the benefits of the Energy East pipeline project far outweigh the risks.The pipeline would ship oil from Alberta and Saskatchewan to the East Coast.Association president Ray Orb says the pipeline would bring taxation revenues to the rural municipalities that have the pipeline on its land, plus it would create more jobs and also bring in revenue for the province.One of the terminals for the project would be based in [Read more]
Pengrowth Announces Strong First Quarter Funds Flow, Declaration of Commerciality and Record Production at its Lindbergh Thermal Project
CALGARY, ALBERTA--(Marketwired - May 7, 2015) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce its financial and operating results for the three months ended March 31, 2015. Derek Evans, President and Chief Executive Officer of Pengrowth said, "We had an exceptional first quarter with Lindbergh production ramping up as per expectations to over 10,000 bbl per day at present and robust first quarter funds flow that was essentially flat to the fourth quarter of 2014, [Read more]
Bonavista Energy Corporation Announces 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 7, 2015) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2015. Our production efficiencies have improved by 20% leading to production growth of 15% (7% per share) over the same period in 2014, to 85,017 boe per day. Operating costs of $6.99 boe per day represent a 25% reduction over the same period in 2014.The unaudited financial statements and [Read more]
Advantage Announces First Quarter 2015 Results
Glacier Results Sets the Stage for 36% Production Growth to 183 mmcfe/d in July 2015 (TSX: AAV, NYSE: AAV) CALGARY, May 7, 2015 /CNW/ - During the first quarter of 2015, Advantage achieved an 8% production per share growth and a 13% reduction in total cash costs, reinforcing the Corporation's focus on sustained production growth supported by an industry leading low cost structure. Ongoing Glacier well production outperformance, a strong balance sheet and an attractive hedging program [Read more]
Pembina Pipeline Corporation Reaffirms Plans to Progress its Proposed Portland Propane Terminal
All financial figures are in United States dollars. CALGARY, May 7, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) reaffirms its plans to proceed towards next steps in the development of its proposed Portland Propane Export Terminal Project (the "Project"). The Company was disappointed to learn that Mayor Hales of Portland has withdrawn his support for the Project. Pembina has appreciated the leadership, guidance and past support of the mayor [Read more]
Northwest Territories minister hopes Mackenzie Gas Project permit doesn’t lapse
CALGARY - The minister in charge of resource development in the Northwest Territories says he hopes the federal permit to build the long-dormant Mackenzie Gas Project will be extended."We don't want to see all the work that's gone into it just disappear and have to be started all over again at some other point in time," David Ramsay said in an interview from Houston, where he got an update from energy heavyweight ExxonMobil Corp.ExxonMobil is the majority owner of Imperial Oil Ltd. (TSX:IMO), [Read more]
Canadian Natural Resources Limited Announces 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 7, 2015) - Commenting on first quarter results, Steve Laut, President of Canadian Natural (TSX:CNQ) (NYSE:CNQ) stated, "As expected, low commodity prices impacted first quarter cash flow and earnings. Operationally, the first quarter was very strong with record quarterly production approaching 900,000 BOE/d. Crude oil production increased by 23% and natural gas production increased by 51% from the first quarter of 2014. Canadian Natural's operations continue [Read more]