CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the year ended December 31, 2014. HIGHLIGHTS Strong operational execution resulted in annual production that exceeded the top end of our guidance range following three upward revisions during the year. Average annual production for 2014 was 49,573 boe/d, an increase of 21% as compared to 41,005 boe/d in [Read more]
News
US rig count drops by 43 in latest week to 1,267
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices.The Houston-based company said Friday in its weekly report that 86 rigs were exploring for oil and 280 for gas. One was listed as miscellaneous. A year ago 1,769 rigs were active.Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, [Read more]
QEC: Montney Drilling in 2014 Contributes to Significant Reserves Growth
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its fourth quarter 2014 activities and preliminary financial and operating results for the year ended December 31, 2014. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We ended 2014 with a strong fourth quarter with average production of 1,468 boe/d and cash flow from operations of $4.3 million. Our [Read more]
Halliburton closing its Regina office, part of layoffs due to falling oil prices
REGINA - Energy industry giant Halliburton's presence in Regina may well be a short one.A spokeswoman says the company will close its office in the city at the end of March.The branch had been opened in 2013 with a reported 120 employees to serve the southeast Saskatchewan oil and gas sector.In a statement, Susie McMichael of Halliburton says the suspension of operations will continue "until Canadian commodity prices recover."McMichael says all areas of Halliburton's operations will be [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2014
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Storm Resources Ltd. (TSX VENTURE:SRX) - Storm has also filed its audited consolidated financial statements as at December 31, 2014 and for the three months and year then ended along with Management's Discussion and Analysis ("MD&A") for the same periods. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three months and year ended [Read more]
Blackbird Energy Inc. Announces 41% Increase in Elmworth Montney Acreage and Reports Results from Its Annual and Special Meeting of Shareholders
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has acquired a 100% working interest in 19 additional sections (12,160 net acres) of Elmworth Montney rights (the "Acquisition"). The Acquisition represents a 41% increase in the Company's Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 65 sections (41,600 net acres) at the [Read more]
Arcan Announces Chairman and Director Appointments
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Company") announces the appointment of Mr. Lorie Waisberg and Mr. Henry Cohen to the Board of Directors of the Company, and the appointment of Mr. Waisberg as Chairman of the Board of Directors. The anticipated appointment of Messrs. Waisberg and Cohen to the Board was announced previously in connection with the recent transaction pursuant to which all of Arcan's outstanding convertible [Read more]
Cardinal Energy Ltd. Announces a 140% Increase in Year End Reserves and 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present the results of its 2014 year end oil and gas reserves evaluation and its 2015 guidance. 2014 Reserve Highlights On a fully diluted per share basis, Cardinal increased total proved reserves ("1P") by 46% and total proved plus probable reserves ("2P") by 27% from year end 2013. Proved developed producing reserves increased by 140% to 30.1 MMboe (93% oil) and [Read more]
Pembina maintains secure financial position and delivers record year in 2014
Project execution is tracking on time and on budget; new capital projects and additional secured Phase III pipeline expansion volumes support future growth All financial figures are in Canadian dollars unless noted otherwise. This news release contains forward-looking statements and information that are based on Pembina Pipeline Corporation's ("Pembina" or the "Company") current expectations, estimates, projections and assumptions in light of its experience and its perception of historic [Read more]
Bonavista Energy Corporation Announces 2014 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Bonavista Energy Corporation (TSX:BNP) is pleased to report to shareholders its results for the fourth quarter and year ended December 31, 2014. Highlights include fourth quarter production growth of 14% to a record 85,810 boe per day, 15% reduction in cash costs to $10.99 per boe and a 10% improvement in annual FD&A costs to $9.94 per boe. Bonavista's Audited Consolidated Financial Statements and Notes, as well as Bonavista's Management's [Read more]