CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it has surpassed its 2013 average production and 2013 exit production guidance as a result of our continued success in the Cardium and Viking. Based on field production estimates for December 2013, the Company averaged 4,718 boe/d (approximately 62% liquids), exceeding its exit production guidance rate of 4,200 to 4,300 boe/d. Based on these [Read more]
News
Hemisphere Energy Completes Initial 2014 Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has successfully drilled its first three development wells of the 2014 drilling program in the Atlee Buffalo and Jenner areas of southeast Alberta. Hemisphere's first well of the drilling program targeted the oil-bearing sandstones of the Glauconitic formation in the newly acquired Atlee Buffalo property. In Jenner, Hemisphere drilled two development horizontal wells [Read more]
Long Run Exploration Ltd. Announces Closing of $75 Million Bought Deal Convertible Debenture Offering
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce that it has closed its previously announced offering (the "Offering") of $75,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the "Debentures") at a price of $1,000 per Debenture. A syndicate co-led by National Bank Financial Inc. and Scotia Capital Inc. and including TD Securities Inc., CIBC World Markets Inc., Peters [Read more]
B.C.-Alberta panel urges harmonizing rail, roads, pipelines for economic growth
EDMONTON - A joint study group says it will work to identify the best way to harmonize roads, rail, pipelines and permits in Alberta and British Columbia to get the most value for energy exports. The cross-provincial working group, in a report released Monday, says getting more oilfield equipment moved from the ports through B.C.'s mountainous interior to the oilfields is an emerging issue. Alberta Energy Minister Diana McQueen said it's further evidence that the energy sector has multiple [Read more]
Oil falls below US$96 as US set to thaw out
NEW YORK - The price of oil fell below US$96 a barrel Monday amid forecasts for moderating temperatures in the U.S. Northeast and anticipation about the outcome of the next meeting of the U.S. Federal Reserve. Benchmark West Texas Intermediate crude for March delivery fell 92 cents to close at US$95.72 a barrel on the New York Mercantile Exchange. Along with oil, the prospects of a break in the deep chill that has enveloped the U.S. upper Midwest, the Northeast and parts of the South sank [Read more]
Nextraction Announces Spud of Horizontal Well on Its Viking Light Oil Property in Provost, Alberta
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction") is pleased to announce that the Company has spud the 102/12-36-036-07W4 ("12-36") horizontal well on its light oil property in Provost, Alberta. The well is targeting the Viking formation at a depth of 800 meters and will have a horizontal leg of approximately 650 meters. The well is being drilled on the same geological trend as the Company's successful 102/16-34-036-07W4 [Read more]
Gas to be back on in Manitoba by midday Tuesday
WINNIPEG - TransCanada Pipelines says it hopes to have natural gas service restored to everyone in frigid southern Manitoba by midday Tuesday.Vice-president Karl Johannson says some communities may even see their service restored today after a huge explosion near St. Pierre-Jolys over the weekend.Johannson says it is simply too early to say what caused the blast.He says the company will compensate people for any direct losses suffered because of the outage. Many of the 4,000 people affected by [Read more]
Oil production hits new Saskatchewan record
REGINA - The Saskatchewan government says the province's oil patch is pumping out production like never before. It says oil production last year set a new record of 177.9 million barrels, or 487,400 barrels per day. That's up from the previous record of 172.9 million barrels or 472,500 barrels per day set in 2012. Drilling activity also set a new record. The province says 2,433 horizontal oil wells were drilled last year, surpassing the 2,036 horizontal oil wells drilled in [Read more]
People try to keep warm after pipeline blast
WINNIPEG - People who live in parts of southeastern Manitoba are getting creative as they endure another day without natural gas following Saturday's pipeline explosion. Steve Cope has been placing an electric space heater next to his furnace's cold-air intake to blow warmth throughout his two-storey home in Niverville. Cope says he, his wife and their five-year-old daughter have been sleeping in the same room to keep warm, and the house has stayed above 10 C. The Rural Municipality of [Read more]
Delphi Extends Montney Play Westward With the 15-21 Well
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") provides the following operations update on its Montney capital program. Delphi is pleased to announce completion and clean-up test results of its delineation well at 15-21-60-23 W5M ("15-21") at East Bigstone. The 15-21 Montney well was drilled to a total depth of 5,875 metres with a horizontal lateral length of 2,886 metres and stimulated with a 30 stage slickwater hybrid completion. [Read more]