WASHINGTON - Barack Obama is being pressured by members of his own party to approve the Keystone XL pipeline by May 31. The president has received a letter from 11 pro-pipeline Democratic senators, several of whom face re-election battles that will help determine whether their party keeps control of the Senate. They say that gives the president 15 days, beyond the current 90-day multi-department review, to make his choice. And they say the decision should be positive, given the conclusions [Read more]
News
Oil and Gas Markets Still Responding to Dramatic Changes, says NEB Report
CALGARY, April 10, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released its Canadian Pipeline Transportation Report 2014 (Transportation Report). This energy market assessment provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The Transportation Report highlights how Canada's pipeline system has been impacted by the dramatic shifts in oil and gas markets over the last eight [Read more]
Marquee Energy Ltd. Announces Increase to Bought Deal Financing from C$15.0 Million to C$17.5 Million
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Marquee Energy Ltd. ("Marquee", or the "Company") (TSX VENTURE:MQL)(OTCQX:MQLXF) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares"), the Company and the syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and including Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp. [Read more]
Tamarack Valley Energy Ltd. Announces Board Change
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) board of directors and management team would like to thank Mr. Sheldon Steeves for his contributions to the Company, as he has resigned from the Board to pursue other business interests. Mr. Steeves has been on the Board of Tamarack since the acquisition of Echoex Ltd. on April 18, 2012. About Tamarack Valley Energy Ltd. Tamarack is an oil and gas exploration and [Read more]
B.C. First Nations sign LNG revenue-sharing agreements
VICTORIA — The British Columbia government has moved to bring First Nations on board its much-anticipated multibillion-dollar liquefied natural gas boom. Two north coast First Nations signed revenue-sharing agreements Wednesday with the government related to the development of a proposed liquefied natural gas export terminal on their traditional territories near Prince Rupert. It’s a deal that could be worth up to $15-million for the Metlakatla and Lax Kw’alaams nations. Premier Christy [Read more]
Marquee Energy Ltd. Announces $15 Million Bought Deal Equity Financing and Operations Update
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE:MQL)(OTCQX:MQLXF) is pleased to announce that it has entered into a financing agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and including Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp. (collectively the "Underwriters") to issue and sell on a "bought [Read more]
Bellatrix Announces that Grafton has elected to increase their committed capital investment by an additonal $50 million, for a total commitment of $250 million
CALGARY, April 10, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Grafton Energy Co. I Ltd. ("Grafton") has elected to exercise their option to increase their committed capital investment by an additional $50 million, for a total commitment of $250 million, on the same terms and conditions as the previously announced Joint Venture. Grafton's increased capital investment will continue to support the accelerated development [Read more]
Painted Pony Petroleum Announces Significant Increase in Montney Production With Start Up of Townsend Natural Gas Processing Facility
CALGARY, ALBERTA--(Marketwired - April 9, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to provide the following production and operations update. Highlights include: exceeded 15,000 barrels of oil equivalent per day ("boe/d"), weighted 86% towards natural gas, in the first week of April 2014, based on field estimates that included 79 million cubic feet per day ("MMcf/d") of raw natural gas production and 2,050 barrels ("bbls") per day ("bbls/d") [Read more]
Pinecrest Energy Inc. Announces its December 31, 2013 Year End Results and 2013 Year End Reserves
CALGARY, April 9, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2013. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. December 31 Three months ended Year ended 2013 2012 2013 2012 FINANCIAL Petroleum and [Read more]
Long Run Exploration Announces Acquisition of Strategic Long Life Assets, $120 Million Offering, Five Percent Dividend Increase, Upward Revision to 2014 Guidance and Preliminary 2015 Guidance
CALGARY, ALBERTA--(Marketwired - April 9, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has entered into an agreement with an Alberta-based, intermediate oil and gas producer (the "Vendor") to purchase certain strategic liquids-rich natural gas assets (the "Acquisition Assets") focused on the Cardium in the Deep Basin area of Alberta. Total consideration, after closing adjustments, for the acquisition is expected to be approximately $225 [Read more]