CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce: Commissioning of the Company's wholly-owned 200 MMcf/d Musreau Deep Cut Facility is complete. The facility has been handed over to Paramount's operations team and final start-up activities are underway to begin delivering sales volumes. The Company is expanding the development of its liquids-rich Montney lands in the Kaybob area. To provide [Read more]
News
Seven Generations Energy Ltd. Reports Doubled Shipping and Processing Contract Volumes
CALGARY, June 26, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report that it has reached agreement with Aux Sable Canada LP (Aux Sable) and, separately, with Alliance Pipeline Ltd (Alliance) to double the previously contracted peak rich gas delivery volumes. Currently, the Company is contracted to deliver 250 MMcf/d of rich gas to Aux Sable's Channahon, Illinois extraction and fractionation facilities through the Alliance pipeline. The new long-term [Read more]
Trudeau slams Tory handling of temporary foreign worker file, calls it most ‘anti-Alberta’ program in years
OTTAWA - Justin Trudeau is describing the government's embattled temporary foreign worker program as among the most anti-Alberta federal policies in years. The Liberal leader made the remarks this week in Fort McMurray while campaigning in advance of Monday's byelection in the heart of oilsands country with candidate Kyle Harrietha. The comment invites comparisons to Pierre Trudeau's national energy program, a policy still reviled by Albertans 34 years after it sought to distribute the [Read more]
NEB authorizes 2D seismic survey in Baffin Bay and Davis Strait
CALGARY, June 26, 2014 /CNW/ - The National Energy Board (NEB or Board) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company ASA (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest AS (MKI) to conduct a 2D offshore seismic survey program (the Project) in Baffin Bay and Davis Strait over five years during the open water season. MKI will be the Project operator. The Board recognizes the importance of fostering better understanding and [Read more]
Report: Economic impact of Trans Mountain Pipeline Expansion Project flows across Canada
Employment benefits concentrated in British Columbia OTTAWA, June 26, 2014 /CNW/ - The Trans Mountain Pipeline Expansion Project would generate revenues for federal and provincial governments of more than $18.5 billion ($ 2012) between 2012 and 2037, and support over 108,300 person years of employment across the country. The project, which would triple the capacity of the existing pipeline that runs from Edmonton to Burnaby, B.C., would also contribute to a Canadian strategic objective — [Read more]
Chinook Energy Announces Appointment of Vice President, Finance and Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce the appointment of Jason Dranchuk as Vice President, Finance and Chief Financial Officer of Chinook effective July 14, 2014. Since 2010, Mr. Dranchuk was the Vice President, Finance and Chief Financial Officer of Zargon Oil & Gas Ltd. (a publicly traded oil and gas exploitation company). From 2002 to 2010, Mr. Dranchuk held the Vice President, Finance and Controller positions [Read more]
Canada Energy Partners Option to Purchase Montney Rights Exercised and Reduction of Capital
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - Canada Energy Partners Inc. (TSX VENTURE:CE) (the "Company") is pleased to announce that an undisclosed party (the "Purchaser") has exercised its option to purchase the Company's Montney shale lands and wells in accordance with the Option to Purchase Agreement previously announced by the Company on April 1, 2014 (the "Sale Transaction"), subject to the amendments described below. Concurrently with the exercise of the option, the [Read more]
Enerplus Announces $200 Million Private Placement of Senior Notes
CALGARY, June 26, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that it has entered into agreements for an offering of senior unsecured notes (the "Notes") to be issued on a private placement basis to institutional investors in the United States (the "Private Placement") in an aggregate principal amount of US$200 million. The Notes have a 12 year amortizing term with a ten year average life and a fixed-rate coupon of 3.79%. The Notes are unsecured [Read more]
Perpetual Energy Inc. Announces $120 Million Joint Venture in the East Edson Area and Gas Over Bitumen Royalty Credit Monetization, Reports Related Significant Positive Reserves Update and Provides Updated Guidance for 2014 and 2015
CALGARY, June 25, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce that it has entered into definitive agreements with a joint venture partner (the "JV Partner") for a portion of its lands in the Edson area of West Central Alberta (the "East Edson Property"). The joint venture ("East Edson JV") will significantly accelerate Perpetual's net production and funds flow growth from the East Edson Property. Closing is expected to occur on or before [Read more]
Oil prices gain as news of U.S. exports of light oil offsets rise in supplies
The price of crude oil rose Wednesday as news that the U.S. government is selectively allowing exports of certain light oils offset an unexpected increase in U.S. domestic supplies.Benchmark West Texas Intermediate crude for August delivery rose 47 cents to US$106.50 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, dropped 46 cents to US$114 a barrel in London.In other energy futures trading on the Nymex, wholesale gasoline fell three cents to US$3.09 [Read more]