CALGARY, Nov. 6, 2013 /CNW/ - The National Energy Board (NEB or Board), the British Columbia Oil and Gas Commission, the Alberta Energy Regulator, and the British Columbia Ministry of Natural Gas Development jointly released the first study ever to estimate the marketable unconventional petroleum resources in the Montney Formation. Recent advances in technology, such as multi-stage hydraulic fracturing, have made it possible to economically develop unconventional gas and oil in the Montney [Read more]
News
Enbridge CEO lauds Alberta B.C. pipeline deal, working on updating pricetag
CALGARY - The CEO of Enbridge Inc. is lauding yesterday's pipeline deal between the premiers of Alberta and B.C. and says the company is working on updating the pricetag for its contentious Alberta-to-West Coast proposed oil pipeline. Al Monaco says the agreement shows leadership on the part of Alberta's Alison Redford and B.C.'s Christy Clark and will help the company's controversial Northern Gateway oil pipeline move forward.Under the deal, B.C. will not ask Alberta for a slice of its oil [Read more]
MEG Energy announces the closing of its offering of additional 7.0% Senior Notes due 2024
CALGARY, Nov. 6, 2013 /CNW/ - MEG Energy Corp. announced today that it has closed its previously announced offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes"). The New Notes were issued at a price of 101.0% of par to yield 6.83%. The New Notes are an additional issuance of notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee, pursuant to [Read more]
Longview Announces Drilling and Operations Update
2013 Capital Efficiency of $18,900 per Boe/d (TSX: LNV) CALGARY, Nov. 6, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") is pleased to announce the following drilling and operations update. Q3 2013 DRILLING PROGRAM A total of six gross (5.6 net) wells were drilled during the third quarter of 2013 resulting in five gross (4.8 net) oil wells. At Northgate, Saskatchewan the Company drilled two gross (two net) wells targeting the Mississippian Midale formation. The initial well [Read more]
Angle Energy Inc. Announces 2013 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) today announced the financial and operating results for the three and nine months ended September 30, 2013. Angle reported positive earnings of $1.7 million for the third quarter of 2013 or $0.02 per share, an increase of approximately $4.1 million or 169% over the same period of 2012. The improved financial results were due to a combination of commodity price gains as well as increased [Read more]
Surge Announces $76.8 Million Core Area Crude Oil Acquisition, Upward Revision to Guidance, $55 Million Equity Financing, and Four Percent Increase in Dividend
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY) announced today that it has entered into an agreement to acquire (the "Acquisition") a high quality, low decline, operated, crude oil producing asset strategically located near Wainwright in the Company's core area of Central Alberta (the "Assets"). The Assets include over 980 barrels per day of primarily medium gravity crude oil production (with a historical 9 percent annual [Read more]
Kelt enters into an agreement to acquire strategic assets and announces $101 million equity financing
CALGARY, Nov. 6, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") has entered into an agreement with a Canadian oil and gas company to acquire certain crude oil and natural gas assets located at Pouce Coupe/Spirit River, in close proximity to the Company's core producing areas at Grande Cache and Karr in west central Alberta. The acquisition has an effective date of October 1, 2013 and is subject to standard industry closing conditions. Closing is expected to occur on [Read more]
Devon Energy Reports Third-Quarter 2013 Results
Delivered 38 percent growth in U.S. oil production Increased cash flow by 18 percent Improved Canadian thermal oil realizations Achieved positive well results in emerging oil plays Exceeded company guidance for midstream operating profit November 06, 2013 08:00 AM Eastern Standard Time OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE:DVN) today reported net earnings of $429 million or $1.06 per common share ($1.05 per diluted share) for the quarter ended [Read more]
Blackbird Energy Announces Increase to Financing Due to Over-Subscription
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2013) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") announced today that due to its currently ongoing private placement having been over-subscribed, it is increasing the financing by up to an additional $100,000, for total gross proceeds of up to $3,100,000. The Private Placement is expected to close on or about November 7, 2013 and remains subject to receipt of the TSX Venture Exchange's final [Read more]
Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2013
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) has released its financial and operating results for the three and nine months ended September 30, 2013. Summary of financial results are as follows: (CA$ thousands, except as otherwise indicated) Three months ended September 30, 2013 Nine months [Read more]