VANCOUVER - Oil pipeline builder Kinder Morgan says it is more than willing to share its entire spill-response plan directly with the British Columbia government as it seeks approval for a proposed $5.4-billion pipeline-expansion project.While the energy giant raised concerns over disclosing personal, security or commercially sensitive information, Premier Christy Clark demanded on Tuesday that more details of the safety plan be made public through the National Energy Board."There's always going [Read more]
News
With Nebraska route cleared, TransCanada takes steps to acquire land for Keystone XL pipeline
LINCOLN, Neb. - TransCanada (TSX:TRP) is moving to acquire the remaining land in Nebraska needed to build its controversial Keystone XL pipeline after the state's high court earlier this month removed a major legal barrier for the planned route.Officials of the Calgary-based company said Tuesday they've filed paperwork in nine counties to acquire access to the remaining land needed to construct, operate and maintain the controversial $8-billion pipeline, which is in its seventh year of [Read more]
Kelt Provides 2014 Production Results and Updates 2014 and 2015 Financial and Operating Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 20, 2015) - Kelt Exploration Ltd. (TSX:KEL) ("Kelt" or the "Company") has released its 2014 production results and has updated its 2014 and 2015 financial and operating guidance. The Company expects to release a summary of its December 31, 2014 engineering reserve evaluation on February 10, 2015 and its audited year-end financial results on March 10, 2015. The oil and gas industry around the world is currently facing a challenging environment after the [Read more]
Marquee Energy Ltd. meets 2014 exit production target and announces first half 2015 capital budget and guidance
CALGARY, Jan. 20, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce record production which currently exceeds 5,600 boe/d. The company expects an additional 250 boe/d to come on after completing a pump re-configuration on two of its recently drilled wells at Michichi. Given Marquee's continued drilling success, the Company estimates fourth quarter production of approximately 5,250 boe/d and 2014 average production of 4,860 boe/d based on field [Read more]
NuVista Energy Ltd. Announces Revised 2015 Capital Guidance and Non-Core Asset Divestitures
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that through the fourth quarter of 2014 we have continued to deliver strong production and well results, have sold non-core assets to further strengthen our balance sheet, and are revising our 2015 capital spending plan to maintain financial strength during the current commodity price weakness. Field operations have been strong and steady through the fourth quarter of 2014, with [Read more]
Chinook Energy Inc. Announces $75 Million of Positive Working Capital, Reduced 2015 Capital Program, Production and Guidance Update, and Montney Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Chinook Energy Inc. (TSX:CKE) ("Chinook") today announced that it has positive working capital of approximately $75 million and is undrawn on its $125 million credit facility following the recent dispositions of its Karr and Gilby properties. Chinook also announced a decrease in its 2015 capital program as a result of significantly weaker commodity prices since announcing its original program on October 29, 2014. Chinook's original program [Read more]
Zargon Oil & Gas Ltd. Announces Fourth Quarter 2014 Production Volumes, Provides an ASP Project Update and Reaffirms Production Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB) ("Zargon" or the "Company") announces fourth quarter 2014 production volumes, provides a Little Bow Alkaline Surfactant Polymer ("ASP") project update and reaffirms 2015 production guidance. Fourth Quarter 2014 Production Volumes Zargon's fourth quarter 2014 oil and liquid production volumes averaged 4,150 barrels per day and slightly exceeded guidance levels of 4,100 barrels per day. [Read more]
Beyond Fort McMurray, oilpatch country feeling the pinch from low crude
CALGARY - If low oil prices stick around much longer, the operations manager at Lac La Biche Transport Ltd. says he may have to lay off workers.Kevin Warawa says business is down by about a quarter compared with the same time a year ago and oilsands operators that hire his company to haul equipment in northeastern Alberta are pushing for rates to be cut by 20 to 25 per cent."Some of them cancelled projects completely. Some of the other customers said that they won't be getting back to production [Read more]
Pine Cliff Energy Ltd. Provides Operational and Management Update and Provides 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to provide an operations and management update and announce its 2015 guidance. Operations Update Pine Cliff exited 2014 with production of approximately 12,000 barrels of oil equivalent ("Boe") per day, which was also the average production for the fourth quarter, based on field estimates. During the fourth quarter of 2014, Pine Cliff closed the previously [Read more]
Coral Hill Provides Update on Aspenleaf Arrangement
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Coral Hill Energy Ltd. ("Coral Hill") announces that Aspenleaf Energy Limited ("Aspenleaf") has provided written notice to Coral Hill asserting that Aspenleaf believes Coral Hill will be unable to satisfy a certain condition to closing of the arrangement (the "Arrangement") between Coral Hill and Aspenleaf and that Coral Hill is in default of a certain covenant under the arrangement agreement between Coral Hill and Aspenleaf. Coral Hill has [Read more]