Calgary, Alberta – In its first update to the 2015 Canadian Drilling Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig releases) across Canada for 2015 to 7,650 wells. This is a decrease of 2,450 wells from PSAC’s original 2015 drilling forecast released in late October 2014, representing a 24 per cent decline. PSAC is basing its updated 2015 forecast on average natural gas prices of $2.50 CAD$/mcf [Read more]
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Saturn Minerals Completes Seismic Survey on Bannock Creek Oil Project, Little Swan Permits Received
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces that it has completed the previously announced 2D seismic program over Petroleum Exploration Permit 72 (the "Bannock Creek Property") and that it has received final work permits to complete the seismic program on Petroleum Exploration Permit 71 (the "Little Swan Property"). The Company has retained GeoStrata Resources Inc. of Calgary to complete [Read more]
Rock Energy Inc. Provides 2014 Operations Update and Revised 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 26, 2015) - Rock Energy Inc. (TSX:RE) ("Rock") is pleased to provide a 2014 operations update and revised 2015 guidance. Rock is a Calgary-based crude oil exploration, development and production company. OPERATIONS UPDATE During the fourth quarter of 2014 the Company drilled a total of 27 (27.0 net) wells including 16 (16.0 net) Onward Viking Horizontal wells, 8 (8.0 net) Mantario wells, 1 (1.0 net) exploration well and 2 (2.0 net) dry and abandoned wells [Read more]
Key issues on Keystone pipeline as Senate vote nears on the Canadian project
WASHINGTON - The United States Senate is closing in on a vote to authorize the Keystone XL oil pipeline this week.But the fate of the $8 billion Canadian project depends not only on what happens in Congress, but also in the courts, at the White House and with Calgary-based TransCanada Corp., the pipeline's developer. TransCanada has been waiting more than six years for approval of the pipeline.The odds of building seem to change almost daily.A lawsuit is tossed out, then some others filed. The [Read more]
Rally against Energy East Pipeline to be held in downtown Halifax
HALIFAX - A group opposed to the development of the Energy East Pipeline is calling on the National Energy Board to open up meetings about pipeline safety, an idea the federal regulator says it is considering.About a dozen people staged a rally Monday in Halifax as the board met with groups during closed-door meetings to discuss the project.Members of Stop Energy East Halifax held signs and a makeshift pipeline with the words "tar sands=climate bomb" in front of the Halifax Central Library.Over [Read more]
ARC Resources Ltd. Announces the Closing of Bought Deal Financing
CALGARY, Jan. 26, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that it has closed the previously announced bought deal financing. A total of 15.53 million common shares have been issued at a price of $22.55 per share for gross proceeds of approximately $350 million. The issue was made through a syndicate of underwriters led by RBC Capital Markets and including Scotia Capital Inc., BMO Capital Markets, CIBC World Markets Inc., TD Securities Inc., National Bank [Read more]
Dejour Successfully Completes Woodrush Oil Well Tie In
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE British Columbia. Dejour has successfully tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from [Read more]
Sunshine Oilsands Ltd. Announces Grant of Share Options
CALGARY, Alberta and HONG KONG, Jan. 25, 2015 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012, TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain employees under its share option scheme adopted on January [Read more]
LNG pipeline deals with B.C. nets First Nation millions of dollars
VICTORIA - Millions of dollars are expected to flow to a First Nation in British Columbia's northwest as a result of two new deals tied to proposed liquefied-natural-gas pipelines.The Ministry of Aboriginal Relations and Reconciliation says it has signed benefits deals with the Moricetown Band.One deal is tied to TransCanada's proposed Coastal GasLink pipeline and will give the First Nation located between Smithers and New Hazelton $6 million as project milestones are reached.Moricetown is also [Read more]
Freehold Royalties Ltd. Closes Anderson Energy Acquisition and Announces Increase to Credit Facility
CALGARY, ALBERTA--(Marketwired - Jan. 23, 2015) - Freehold Royalties Ltd. ("Freehold" or the "Company") (TSX:FRU) announces that it has closed its previously announced acquisition of Anderson Energy Ltd. ("Anderson"). Total consideration associated with the transaction was $35 million with Freehold funding the deal through its existing bank credit line. Freehold acquired Anderson pursuant to a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta). Pursuant to [Read more]