CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) announces the results of its year-end reserves evaluation, as prepared by GLJ Petroleum Consultants Ltd. ("GLJ") as at December 31, 2014 (the "GLJ Report"). This evaluation was performed in accordance with the requirements of National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). In addition, the Company would like to announce the results of its [Read more]
News
Terra Energy Releases 2014 Year-End Financial Results
CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) announces its 2014 year-end financial results. Terra's 2014 Audited Financial Statements and Management's Discussion and Analysis may be obtained at www.sedar.com or www.terraenergy.ca. The Company's focus for 2014 was centered on the Company's multi-year plan to pursue its objective of becoming a more balanced energy producer. Although the Company made progress towards this objective [Read more]
Enbridge looks to transfer Cdn liquids pipeline biz to Enbridge Income Fund
CALGARY - Enbridge Income Fund (TSX:ENF) says it has received a formal proposal that would see the transfer to the fund of the Canadian liquids pipelines business of Enbridge Inc. (TSX:ENB) along with some renewable energy assets.The liquids business is owned by Enbridge Pipelines Inc. and Enbridge Pipelines (Athabasca) Inc."If completed, the transaction would be transformational for the fund, significantly increasing its business scale and scope as well as providing a highly transparent source [Read more]
Harvest Operations Announces 2014 Year End Results and Reserves Information and Files 2014 Year End Disclosure Documents
CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Harvest Operations Corp. ("Harvest" or "the Company") announces its financial and operating results for the fourth quarter and full year ended December 31, 2014 in conjunction with its 2014 year end reserves information. 2014 HIGHLIGHTS: During the second quarter of 2014, Harvest entered into two joint ventures with KERR Canada Co. Ltd. ("KERR"): Deep Basin Partnership ("DBP") and HKMS Partnership ("HKMS"). The DBP was formed to explore, [Read more]
Keyera and Kinder Morgan to Construct 4.8 Million Barrel Above Ground Crude Oil Storage Terminal Near Edmonton
CALGARY, March 31, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced a 50-50 joint venture with Kinder Morgan, Inc. (NYSE:KMI) ("Kinder Morgan") to build the Base Line Terminal (the "Terminal"), an above ground crude oil storage terminal near Edmonton, Alberta. The project is underpinned by several take-or-pay agreements ranging up to 10 years in length with creditworthy customers. Based on current capital estimates, Keyera's share of costs to construct the Terminal is estimated to [Read more]
Blackbird Energy Inc. Announces Executive Changes and the Release of Q2 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is very pleased to announce that Mr. Don Noakes has joined Blackbird as Vice President, Operations. The Company also announces that Blackbird's former Chief Operating Officer, Mr. Darrell Denney, is no longer an officer or employee of the Company. Mr. Noakes is a Professional Engineer that brings over 30 years of operational oil and gas experience focused on drilling, [Read more]
Credit counselling in high demand in Alberta as oilpatch downturn hits home
CALGARY - The Racette family is on a cash-only diet for the next four years.Dale Racette, a truck driver, and his wife, a school bus driver, are trying to dig themselves out of a $45,000 hole.It wasn't any one thing. The day-to-day costs of raising two children just piled up over 14 years, Dale Racette said from Red Deer, Alta.Two months ago, the Racettes sought the help of a credit counsellor to work out a debt repayment plan. The first step was to shred their six credit cards.Racette says he's [Read more]
ATB Financial says province’s economy slowing significantly, job losses likely
CALGARY - The chief economist of Alberta’s Crown-owned financial institution says the province's economy is slowing significantly due to slumping oil prices.Todd Hirsch of ATB Financial says that will likely mean job losses and curtailed investment in the energy sector.He says housing starts remain stable, but the residential real estate market is soft, which suggests construction activity will cool.Hirsch says people are still moving to Alberta, but in lower numbers.He says the biggest change [Read more]
Pembina Pipeline Corporation Launches $200 Million Bought Deal Preferred Share Offering
CALGARY, March 31, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from Pembina 8,000,000 cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") at a price of $25.00 per share for [Read more]
Scotiabank Commodity Price Index Rallies in February as Oil and Gas Index Rebounds
TORONTO, ON--(Marketwired - March 31, 2015) - Scotiabank's Commodity Price Index rallied by 2.4% month-over-month (m/m) in February, after falling in January to the lowest level since early 2007. The Oil and Gas Index rebounded in February, with Alberta light and heavy crude oil prices boosted by a temporary rally in West Texas Intermediate. "The market is skeptical that the sharp drop in U.S. oil-targeted drilling activity (-45.3% year-over-year (yr/yr) as of March 27) will curb U.S. output [Read more]