CALGARY, Nov. 6, 2013 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") is pleased to announce the appointment of Mr. William Sembo to ARC's Board of Directors. Mr. Sembo recently retired from his role as Vice Chairman at RBC Capital Markets. With approximately 40 years of industry experience, Mr. Sembo has spent the majority of his career in energy investment banking. He has expertise in investment banking, corporate credit and mergers and acquisitions. Prior to joining a predecessor firm of RBC [Read more]
News
ARC Resources Ltd. reports third quarter 2013 results
CALGARY, Nov. 6, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2013 operating and financial results. Third quarter production averaged 94,515 boe per day and funds from operations were $220.4 million ($0.71 per share). ARC's Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three and nine months ended September 30, 2013 and 2012, are available on ARC's website at [Read more]
ARC Resources Ltd. announces a $915 million capital program targeting 17 per cent growth in production in 2014
CALGARY, Nov. 6, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved a $915 million capital program for 2014 directed at high value oil and liquids-rich gas plays and investment in its low cost Montney gas assets. ARC expects annual average production growth of approximately 17 per cent in 2014. Myron Stadnyk, ARC's President and Chief Executive Officer, said, "With a clear line of sight toward future value creation, we are building a [Read more]
Calvalley announces financial results for the third quarter ended September 30, 2013
CALGARY, Nov. 6, 2013 /CNW/ - Calvalley Petroleum Inc., (TSX: CVI.A) Highlights Earnings in the third quarter of 2013 were $0.07 per share ($5.3 million) compared to $0.05 per share ($4.5 million) in the third quarter of 2012. For the nine month period ended September 30, 2013 earnings were $0.21 per share ($17.2 million) compared to $0.21 per share ($19.6million) for the nine month period in 2012. Inventory of crude oil at the end of September 30, 2013 was approximately 41,500 barrels and [Read more]
Shoreline Updates Corporate Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to provide updated guidance following the October 31 announced credit facility closing and ATB credit facility renewal. Production Corporate average daily production is between 1,800 and 1,900 Boe/d combined Canadian Peace River Arch assets including its new Montney production and the Company's Niobrara/Codell assets in the Wattenberg field of Colorado. [Read more]
Pembina Pipeline Corporation Announces November 2013 Dividend
CALGARY, Nov. 6, 2013 /CNW/ - The Board of Directors of Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) has declared a common share cash dividend for November 2013 of $0.14 per share to be paid, subject to applicable law, on December 15, 2013 to shareholders of record on November 25, 2013. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends are considered "qualified [Read more]
Arsenal Energy Releases Q3 Results
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI) is pleased to release its Q3 2013 results. Cash flow for the third quarter was a record, $11.7 million, a 17% increase from Q2 2013 and a 50% increase compared to Q3 2012. The Board of Directors ("BOD") has declared a quarterly dividend of $0.06 per common share. The dividend is payable on November 29, 2013 to shareholders of record at the close of business on November 15, 2013. The ex-dividend [Read more]
Montney Formation one of the Largest Gas Resources in the World, report shows
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]
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]