CALGARY, AB --(Marketwired - October 08, 2014) - Encana Corporation (TSX: ECA) (NYSE: ECA) announced today that it has reached an agreement with Ember Resources Inc. (Ember) to sell the majority of its Clearwater assets, located in southern and central Alberta, for approximately C$605 million. The sale includes about 1.2 million net acres of land and over 6,800 producing wells with second quarter average production of approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural [Read more]
News
Zargon Oil & Gas Ltd. Provides Capital Budget Updates, A Little Bow ASP Flood Project Update and Revises Production Guidance
CALGARY, ALBERTA--(Marketwired - Oct. 8, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") announces its 2015 capital budget and provides a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary flood project update. Capital Budgets Zargon's 2015 budget has been set at $46 million and includes $13 million of Little Bow ASP chemical costs, $2 million of phase 1 optimization costs, $6 million of Little Bow ASP phase 2 development costs, plus $25 million of conventional [Read more]
Peyto Exploration and Development Corp. Increases 2014 Capital Program and Confirms Fourth Quarter 2014 Dividends
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2014) - Peyto Exploration & Development Corp. ("Peyto" or "the Company") (TSX:PEY) is pleased to announce that current production has already exceeded the previous year-end target of 81,500 boe/d, while capital expenditures to the end of September are estimated at $520 million, below the $625 million capital budget previously forecast to achieve that production target. As well, the Oldman North gas plant expansion is now finished and fully [Read more]
Arcan Commences Winter Drilling Program
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") has commenced its winter drilling program and intends to spud its first well by the end of this week. The Corporation plans on drilling and completing up to nine wells this season, the first two being joint interest wells with a partner in Morse River and Deer Mountain West. Arcan then expects to move the rig to Ethel and will be targeting prospects in proximity to the four [Read more]
Blackbird Energy Inc. Announces High Impact Multi-Well Drill Program Targeting Both Upper and Middle Montney and Non-Brokered Financing Upsize
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce a high impact multi-well drill program targeting both the Upper and Middle Montney. The first well, which Blackbird has received its licence for, will target the Middle Montney at Elmworth (100% working interest). The first well will be spud from surface location 14-14-70-07W6 with a vertical depth of approximately 2,330 meters and a lateral length of [Read more]
National Energy Board to hold oral hearing on Trans Mountain Pipeline motion for access to Burnaby Mountain and Notice of Constitutional Question
CALGARY, Oct. 7, 2014 /CNW/ - The National Energy Board (NEB or the Board) will hear oral arguments on a motion from Trans Mountain Pipeline seeking an order for access to Burnaby Mountain. The motion also includes a Notice of Constitutional Question. The hearing will begin at 9 am (MDT) on 9 October at the National Energy Board's offices in Calgary and the public is welcome to attend. The hearing is expected to last for one to two days. Trans Mountain is requesting an NEB order which would [Read more]
Pembina Pipeline Corporation Appoints New Board Member
CALGARY, Oct. 7, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that Ms. Anne-Marie Ainsworth has been appointed to the Board of Directors effective October 7, 2014. Ms. Ainsworth has served as President and Chief Executive Officer and a member of the board of directors of the general partner of Oiltanking Partners, L.P., a Houston, Texas-based company engaged in terminalling, storing and transporting crude oil, refined petroleum [Read more]
Europe considers measure that could ease oilsands imports
The European Union is considering a proposal on high-carbon fuels that could eventually make it easier to import crude derived from Alberta's oilsands.The proposal comes after five years of lobbying by the industry and Alberta and federal governments, and is being called a major concession by environmental groups. "This measure will do nothing to stop climate-wrecking fuels like tarsands from entering the EU market," Greenpeace spokeswoman Franziska Achterberg said in a statement. "It will fail [Read more]
Nova Scotia energy minister faces industry criticisms, questions at conference
HALIFAX - Nova Scotia's energy minister faced questions Tuesday about how the province will become a centre for research in hydraulic fracturing technology while it moves to ban high-volume fracking for onshore oil and gas.Andrew Younger told the Core Energy Conference in Halifax that there hasn't been much industry interest in the method so far, and the majority of people in the province remain opposed to fracking.The Energy Department plans to provide a detailed geological map to show where [Read more]
Strategic Oil & Gas Ltd. Announces Record Production and Continued Muskeg Success
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces record production levels driven by the Company's summer Muskeg horizontal drilling program. Based on field estimates, Strategic's corporate production rate averaged 4,510 Boe/d (71% oil) for the fourth week of September. New production volumes in the third quarter have been added from five Muskeg wells since the summer drilling program began in June 2014, and a [Read more]