CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Encana's (TSX:ECA)(NYSE:ECA) strong second quarter of 2014 saw the company continue to make faster than expected progress in the execution of its strategy, with the reporting period highlighted by the acquisition of Eagle Ford assets for a sixth growth area, the highly successful initial public offering (IPO) of PrairieSky Royalty Ltd. (PrairieSky) and impressive liquids production growth. "We had a strong second quarter off of the back of a [Read more]
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First Mountain Exploration Ltd. Announces Completion of Sale of Assets
CALGARY, ALBERTA--(Marketwired - July 23, 2014) - First Mountain Exploration Ltd. ("First Mountain" or the "Corporation") (TSX VENTURE:FMX) announces that it has completed an arm's length transaction pursuant to a purchase and sale agreement between the Corporation and an oil and gas producing company whereby the Corporation has divested of certain petroleum and natural gas leases located in the Atlee Buffalo area of Alberta for an aggregate purchase price of CDN$510,000 as previously announced [Read more]
Hemisphere Energy Closes Atlee Buffalo Acquisition and Completes 5 Well Summer Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 23, 2014) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has closed the acquisition of certain petroleum and natural gas leases in the Atlee Buffalo area of southeast Alberta. The property includes an 85% working interest in 1.75 sections (1,120 acres) of land adjacent to Hemisphere's existing landbase. Total consideration for the acquisition was $510,000. The Company also announces that it [Read more]
Hydrocarbon Exploration and Development: Quebec Should Draw its Inspiration from the Alberta Model in Order to Strike a Balance between Development and Protecting the Public
MONTREAL, July 23, 2014 /CNW Telbec/ - The Federation of Chambers of Commerce of Quebec (FCCQ), together with a dozen prominent representatives of Quebec's business community, civil society and municipal sector, participated in a three-day study tour of Alberta's hydrocarbon industry. During the tour, participants visited industries involved in oil and gas exploration and development and met with Alberta's regulatory body, entrepreneurs, farmers and public decision makers who all expressed their [Read more]
Oil above US$103 a barrel as U.S. supplies fall much more than expected
The price of oil rose Wednesday as the U.S. government reported that American supplies fell more than expected last week.Benchmark West Texas Intermediate crude for September delivery gained 73 cents to US$103.12 a barrel on the New York Mercantile Exchange. Brent crude for September delivery, a benchmark for international oils, rose 70 cents to US$108.03 on the ICE Futures exchange in London.The Energy Department reported that U.S. oil supplies fell by four million barrels last week, a sharper [Read more]
US proposes tougher tank car rules, other standards to prevent oil train fires
WASHINGTON - Thousands of older rail tank cars that carry crude oil would be phased out within two years under U.S. regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.Accident investigators have complained for decades that the cars are too easily punctured or ruptured, spilling their contents, when derailed.The phase-in period for replacing or [Read more]
Federal government criticized for leaving frac fluid off pollutant list
OTTAWA - Environmentalists and legal experts are criticizing the federal government's decision to omit chemicals used in fracing from a list that summarizes pollutants going into Canada's air, land and water. Environment Canada says such chemicals aren't used regularly enough or in large enough quantities to be added to the National Pollutant Release Inventory. Critics say the public has a right to know what's being injected below the surface that may end up in groundwater. A recent [Read more]
Perpetual Energy Inc. Announces Closing of Previously Announced Senior Unsecured Notes Offering and Notice of Redemption of 7.25% Subordinated Convertible Debentures
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, July 23, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce the closing of its offering of C$125 million aggregate principal amount of 8.75% Senior Unsecured Notes due July 23, 2019 (the "Notes") at par (the "Offering"). The Notes were offered in each Province of Canada on a private placement basis through a syndicate of underwriters [Read more]
Talisman Responds to Media Reports
CALGARY, ALBERTA--(Marketwired - July 23, 2014) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) Talisman is issuing this press release at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange. Talisman acknowledges that it has been approached by Repsol with regards to various transactions. There is no assurance that any transaction will be agreed. Until such time as it is appropriate to make a public announcement on any potential transaction, Talisman does not intend [Read more]
TransCanada Receives Regulatory Approval for Northern Courier Pipeline Project
CALGARY, ALBERTA--(Marketwired - July 23, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Alberta Energy Regulator has approved TransCanada's application to construct and operate the Northern Courier Pipeline Project (Northern Courier). "We are pleased that the Alberta Energy Regulator has approved Northern Courier, which will be a critical piece of infrastructure to support the long-term plans for growth and increased production from the Alberta [Read more]