CALGARY, ALBERTA--(Marketwired - March 18, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report for the year ended December 31, 2014 record financial and operating results including funds from operations of $164.1 million ($1.36 per basic share) on revenue of $265.9 million and average daily production of 11,782 barrels of oil equivalent. Detailed fourth quarter and annual results are as follows: Financial Results Three Months Ended Twelve Months [Read more]
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Beaumont Energy Inc. Enters Into Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - March 18, 2015) - Beaumont Energy Inc. ("Beaumont" or the "Corporation") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Whitecap Resources Inc. ("Whitecap") (TSX:WCP), pursuant to which Whitecap will, subject to certain conditions, acquire all of the issued and outstanding common shares of Beaumont for total consideration of approximately $587.5 million including the assumption by Whitecap of Beaumont's [Read more]
Birchcliff Energy Ltd. Provides Operational Update and Announces Audited 2014 Financial Statements
CALGARY, ALBERTA--(Marketwired - March 18, 2015) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to provide an operational update and announce its 2014 audited financial statements. The 2014 audited financial statements are consistent with the unaudited financial results contained in the press release issued by Birchcliff on February 11, 2015. The full text of the 2014 audited financial statements and the related management's discussion and analysis, as well as [Read more]
Whitecap Resources Inc. Increases Viking Light Oil Exposure, Announces $110 Million Financing and Provides Increased 2015 Guidance
CALGARY, ALBERTA--(Marketwired - March 18, 2015) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Whitecap of all the issued and outstanding common shares of Beaumont Energy Inc. ("Beaumont"). Under the terms of the Arrangement Agreement, Beaumont shareholders will receive 0.40 of a Whitecap common share for each Beaumont share, with an option [Read more]
Inter Pipeline Announces $300 Million Medium-Term Note Offering
CALGARY, ALBERTA--(Marketwired - March 18, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today that it has agreed to issue $300 million of senior unsecured medium-term notes in the Canadian public debt market. The notes will have a fixed interest rate of 3.173% per annum, payable semi-annually, and will mature on March 24, 2025. The offering is expected to close on or about March 23, 2015, subject to customary closing conditions. Inter Pipeline will use the net proceeds [Read more]
Job cuts at Talisman, ConocoPhillips in Calgary as crude doldrums continue
CALGARY - It's been a rough week for many in the oilpatch.Talisman Energy Inc. (TSX:TLM), ConocoPhillips Canada and Nexen Energy ULC have all announced job cuts this week.Talisman, which is set to be taken over by Spain's Repsol SA in the coming months, is reducing its workforce by 10 to 15 per cent, mostly at its Calgary head office. That amounts to between 150 and 200 jobs — both contractors and employees."We've reduced our 2015 capital spending program. With that comes reduced activities [Read more]
Capital Oil Ltd. Announces Private Placement
Capital Oil Ltd is pleased to announce a non-brokered $500,000 CAD private placement through issuance of 2,000,000 shares at $0.25 per share. The minimum investment of $5,000 CAD for 20,000 shares. The proceeds will be used for future acquisitions of low-production oil and gas wells with identifiable upside potential. Capital Oil Ltd. is currently looking for people & partners within Alberta who are interested in owning oil & gas properties with us. The recent decline in oil prices have [Read more]
Whitecap Resources Inc. Announces Fourth Quarter and Year End 2014 Results
CALGARY, March 17, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the year ended December 31, 2014. Whitecap's audited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") will be available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended [Read more]
Quicksilver Resources Files Voluntary Chapter 11 Petitions to Facilitate Financial Restructuring
FORT WORTH, Texas, March 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTCQB:KWKA) announced today that the Company and its U.S. subsidiaries Barnett Shale Operating LLC, Cowtown Drilling, Inc., Cowtown Gas Processing L.P., Cowtown Pipeline Funding, Inc., Cowtown Pipeline L.P., Cowtown Pipeline Management, Inc., Makarios Resources International Holdings LLC, Makarios Resources International Inc., QPP Holdings LLC, QPP Parent LLC, Quicksilver Production Partners GP LLC, Quicksilver [Read more]
Ironhorse Announces 2014 Reserves
CALGARY, March 17, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its 2014 year-end reserves information The Company's year-end reserves evaluation with the effective date of December 31, 2014 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 "Standards of Disclosure for Oil [Read more]