Rightly so, there has been considerable concern expressed from many leading figures in business and government when it comes to Rachel Notley’s Alberta NDP energy industry policy. From Federal senators, to academics, to industry leading oil and gas chief executives, apprehension has been voiced over the suitability of raising corporate income taxes, changing Alberta’s royalty rate regime, the prospect of newly added crude processing capacity and an overall distaste for new pipeline [Read more]
News
Whitecap Resources Inc. Announces Closing of Beaumont Energy Inc. Acquisition
CALGARY, May 1, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed the previously announced acquisition of Beaumont Energy Inc. ("Beaumont") pursuant to a plan of arrangement (the "Acquisition") under the provisions of the Business Corporations Act (Alberta). Whitecap acquired all of the issued and outstanding common shares of Beaumont for consideration consisting of approximately $7.3 million in cash and 36.3 [Read more]
Peyto Exploration & Development Corp. Announces Issuance of Senior Notes
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) is pleased to announce that it has closed the issuance of an aggregate of CDN$100,000,000 of senior unsecured notes with The Manufactures Life Insurance Company, New York Life Insurance Company, New York Life Insurance and Annuity Corporation, United of Omaha Insurance Company, and Mutual of Omaha Insurance Company. The notes have a coupon rate of 4.26% and mature in May 2025. The notes [Read more]
TransCanada Reports Solid First Quarter 2015 Financial Results
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for first quarter 2015 of $387 million or $0.55 per share compared to $412 million or $0.58 per share for the same period in 2014. Comparable earnings for first quarter 2015 were $465 million or $0.66 per share compared to $422 million or $0.60 per share for the same period last year. TransCanada's Board of Directors also declared a [Read more]
Toro Oil & Gas Ltd. Appoints Vice President of Drilling and Completions and Announces Option Grant and Private Placement
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") announces that it has appointed Mr. Kevin McIntosh as its Vice President of Drilling and Completions. Mr. McIntosh comes to Toro with over 20 years of experience. Most recently, Mr. McIntosh was with Red River Oil, a private light oil producer in Saskatchewan. Prior thereto, Mr. McIntosh worked with Crescent Point Energy and Midway Energy. Mr. McIntosh has lead the drilling and [Read more]
Manitok Energy Inc. Announces the Execution of Asset Purchase Agreement for the Acquisition of 1,800 boe/d of Production and a 25,000 bbls/d Fluid Processing Facility in Southern Alberta
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has entered into an asset purchase agreement with a public Alberta-based resource company for the acquisition of approximately 1,800 boe/d of production (66% oil and liquids) and a related 25,000 bbls/day fluid processing facility in the Wayne area of southeast Alberta (the "Wayne Assets") for total cash consideration of $61.5 million prior to [Read more]
Manitok Energy Inc. is Pleased to Announce Revised Terms and Additional Undeveloped Lands at Entice
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce revised terms and additional undeveloped lands to the Lease Issuance and Drilling Commitment Agreement with PrairieSky Royalty Ltd. (the "Agreement"). The major terms of the Agreement are as follows: Manitok will acquire additional petroleum and natural gas leases covering about 180 net sections (115,200 acres) in the Entice and Wayne area in southeast [Read more]
Manitok Energy Inc. Announces 2014 Year-End Financial Results, Reserves Evaluation and an Operational Update
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the year ended December 31, 2014, provides results from its 2014 independent reserves evaluation and provides an operational update. Given the current difficult commodity price environment, the Corporation continues to develop its more mature core area at Stolberg while setting itself up for growth in its second core area at [Read more]
Quattro Closes Three Acquisitions and One Divestiture in Western Canada, Adding 120 boe/d of Shut-In Production While Increasing Its Canadian Land Interests to 303,134 Acres (Net)
CALGARY, Alberta, April 30, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report the completion of three acquisitions and one divestiture resulting in a total addition of 59,933 acres (net) of exploration land, bringing the Company's total net land position in Canada to 98,533 developed acres and 204,581 undeveloped acres (aggregate 303,134 acres) in the Company's core areas of operation. Quattro initially will be [Read more]
Mountainview Energy Ltd. Announces 2014 Year End Financials, Reserves and Provides Corporate Update
CUTBANK, MT, April 30, 2015 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Corporation") (TSX-V: MVW) announces its 2014 operating and financial results for the year ended December 31, 2014. The Corporation also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2014, is available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Year End Financials During 2014, Mountainview [Read more]