VANCOUVER - Opponents of the British Columbia government's liquefied natural gas plans set up a three-metre mock fracking rig on the premier's front lawn on Sunday, as Premier Christy Clark prepares for a trade mission to Asia to sell the province's LNG potential. A small group from Rising Tide Vancouver Coast Salish Territories set up the mock rig and promised more protests to come in the western province as the provincial government is set to pursue a massive expansion of the LNG [Read more]
News
Painted Pony Petroleum Provides Production and Montney Operations Update
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to provide an operations and activity update. HIGHLIGHTS A 41% production growth in the third quarter of 2013 over the same period in 2012. The Company had strong peak and final test rates of over 10 million cubic feet per day ("MMcf/d") of natural gas on two (1.0 net) 50% working interest Montney wells at Daiber. [Read more]
Drilling efficiency is a key driver of oil and natural gas production
Source: U.S Energy Information Administration, Drilling Productivity Report Increases in drilling efficiency have contributed to the breakdown of traditional methods that seek to estimate oil and natural gas production based principally on rig counts. The Drilling Productivity Report (DPR) analyzes drilling efficiency using the average number of wells a rig can drill over a period of time (left chart above) as well as a measure of how productive each new well is expected to be (right [Read more]
TriOil Resources announces strong Montney, Cardium and Dunvegan drilling results and provides operations update
CALGARY, Nov. 4, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to provide an operations update on the Company's Montney, Cardium and Dunvegan programs. Montney Operations TriOil recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51 percent NGLs) TriOil owns a 61% working interest in this well and plans to drill 2 to 3 [Read more]
Montana Exploration Corp. and Waldron Energy Corporation Announce Agreement to Extend Outside Date for Arrangement
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) - Montana Exploration Corp. ("Montana") (TSX VENTURE:MTZ) and Waldron Energy Corporation ("Waldron") (TSX:WDN) announce that the outside date for the closing of the previously announced arrangement between Waldron, its security holders and Montana (the "Arrangement") has been extended to December 1, 2013, subject to closing of the private placement described below. From November 1, 2013 to and including November 15, 2013 Waldron would continue to be [Read more]
Laricina Energy Reports Third Quarter 2013 Results
2013 continues to be an important year for Laricina with significant progress made at both Germain and Saleski. Steam injection and a staged conversion to production at the Germain Commercial Demonstration Project (CDP) continued throughout the third quarter. Our first three wells converted to production after three months of steaming and we expect bitumen production from these wells in the fourth quarter. The Saleski pilot continues to provide the blueprint for Grosmont carbonate [Read more]
RMP Energy Announces Closing of Asset Purchase
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce today that the Company has closed the previously-announced purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta for total cash consideration of approximately $38.0 million. RMP now holds a total of 106 sections (105.15 net) of land at Ante Creek, Waskahigan and Grizzly, wherein the Company has [Read more]
Pembina Pipeline Corporation reports another solid quarter of financial and operating results
Pembina secures financing to fund growth and announces plans to further expand pipeline capacity All financial figures are in Canadian dollars unless noted otherwise. This report 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 trends. Actual results may differ materially from those expressed or [Read more]
MEG Energy announces pricing of an offering of additional 7.0% Senior Notes due 2024
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today that it has priced, at 101.0 percent of par to yield 6.83%, an offering of an additional US $200 million in aggregate principal amount of 7.0% senior notes due March 31, 2024 (the "New Notes"). The New Notes are being offered as additional 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 which MEG previously issued a total of [Read more]
Oil truck leaks crude on Alberta highway; police say driver forget to shut valve
KITSCOTY, Alta. - RCMP say a number of vehicles were covered with oil and needed a cleaning after a tanker truck leaked crude on an east-central Alberta highway.Mounties say the oil truck was leaking for about an 11-kilometre stretch on the Yellowhead Highway near Kitscoty.They say it appears the driver had failed to properly close a valve on the tanker.There were no collisions or injuries reported, although police say the amount of oil leaked in some areas was significant.Charges have been laid [Read more]