CALGARY, March 12, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the fourth quarter and year ended December 31, 2014. All figures are in Canadian dollars unless otherwise stated. Three months ended December 31 Year ended December 31 2014 2013 % change 2014 2013 % change Financial (millions, except per share [Read more]
News
Athabasca Oil Corporation Announces 2014 Year-End Results and Reserves
CALGARY, March 12, 2014 /CNW/ - Athabasca Oil Corporation ("Athabasca" or the "Company") (TSX: ATH) is pleased to report its fourth quarter and 2014 year-end financial and operating results in conjunction with its year-end reserves and resource information. 2014 highlights and recent accomplishments: Over $1.2 billion of funding in place1 including approximately $760 million of cash, cash equivalents and short-term investments as of March 2, 2015; a strong balance sheet with a flexible [Read more]
Bellatrix Exploration Ltd. Announces Fourth Quarter and Year End 2014 Financial Results
CALGARY, March 12, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the year ended December 31, 2014. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the "MD&A") for the years ended December 31, 2014 [Read more]
Peyto Celebrates a Record Breaking Year in 2014
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) is pleased to report operating and financial results for the fourth quarter and 2014 fiscal year which set Company records in virtually all categories. Record production - Fourth quarter 2014 production was a record 500 MMCFe/d (83,251 boe/d), with exit production of 85,700 boe/d. Q4 2014 production was up 24% (20% per share) from Q4 2013 while average annual [Read more]
Baytex Announces $500 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces that it has entered into an agreement to sell 28,820,000 common shares ("Common Shares") at $17.35 per share (the "Offering Price") to raise gross proceeds of approximately $500 million on a bought deal basis (the "Offering"). The issue will be made through a syndicate of underwriters (the "Underwriters") co-led by Scotiabank and RBC Capital Markets. The net proceeds will be used to [Read more]
Bellatrix announces amendments to its bank credit facilities
TSX: BXE CALGARY, March 11, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has agreed to amendments to certain of the financial covenants contained in the agreement governing its bank credit facilities. The Company's total $725 million credit facilities are available on an [Read more]
Husky Energy Begins Oil Production at the Sunrise Energy Project
CALGARY, AB--(Marketwired - March 11, 2015) - Husky Energy (TSX: HSE) has started oil production at the Sunrise Energy Project in northern Alberta. "Sunrise is the latest in a series of resilient, low sustaining capital projects to come online from our diverse portfolio," said CEO Asim Ghosh. "We are expecting more than 40 years of production from this reservoir with very low ongoing capital costs." Steam operations began in December 2014. Total production is expected to ramp up to full [Read more]
Businesses expect a slower Stampede this year as oilpatch pulls back
CALGARY - This was supposed to be the year that the "ranch" would be booked up again for the Calgary Stampede — but then oil prices fell by more than half.Caterer Paddy Sorrenti said by early December, a full roster of clients had confirmed they wanted to use the site — a cowboyed up parking lot in the downtown core where pancakes are flipped and beer is pouredBut with three and a half months to go to Stampede, Sorrenti says he's in "limbo." He figures six of the 10 events that had been booked [Read more]
Spyglass Resources Corp. Announces 2014 Year End, Fourth Quarter Results and Reserves
All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. CALGARY, March 11, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces annual financial and operating results for the year ended and fourth quarter ended December 31, 2014. Selected financial and operational information is outlined below along with 2014 reserves evaluated in accordance with National [Read more]
Softrock issues Progress Report “Slow and steady and weathering falling prices”
CALGARY, March 11, 2015 /CNW/ - Over the last six months the company has had the following progress or refinement in its three main areas SPIRIT RIVER: On the company's one section crown lease in the Charlie Lake oilfield in northwestern Alberta, the first horizontal well that was drilled one year ago at no cost to Softrock was "fraced" this past season in 20 places in the Charlie Lake pay zone and is now preparing to be put on production from which Softrock is to receive a two and one-half [Read more]