CALGARY, Alberta, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) today announced that it has terminated the arrangement agreement (the “Arrangement Agreement”) dated October 5, 2018 with Trinidad Drilling Ltd. (“Trinidad”) following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment [Read more]
Headlines
Ensign acquires majority of Trinidad shares to take control of drilling company
CALGARY - Ensign Energy Services Inc. says it will take control of Trinidad Drilling Ltd. after acquiring a majority of the company's shares by its Tuesday deadline. The Calgary-based drilling company says 56.38 per cent of Trinidad shares have been tendered. The 154.1 million shares are in addition to the 26.9 million it also owns, raising its stake in Trinidad to 66.18 per cent. Each Trinidad shareholder will receive by Thursday $1.68 per share for a total of about $470 [Read more]
OSY Rentals November 2018 Inventory
November 2018 Inventory 167 BBL 50 PSI FKOD 167 BBL 50 PSI Knockout Built by Floskid 8” Inlet 10” Outlet Fully internally coated Enclosed/Heated Site Glass Still Column 50 BBL 50 PSI Bilton FKOD 50 PSI MAWP 72”x10’-50 BBL Capacity 6” Inlet/Outlet Fully internally coated Enclosed/Heated/Skidded Site Glass 50 BBL 50 PSI FKOD 50 PSI MAWP Built by Pyramid 72”x10’-50 BBL Capacity 6” Inlet/Outlet [Read more]
CAPPA: Calling Seminar Facilitators
Calling Seminar Facilitators Do you have a high level of expertise in measurement, land, land admin, joint venture, marketing, engineering, field services, finance or specialized production accounting functions that would be of interest to PAs? Seminar Request for Proposals [Read more]
Bellatrix Announces $9.5 Million Complementary Asset Acquisition and Updated Commodity Risk Management Contracts
CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has entered into a definitive agreement to acquire complementary assets within its core Ferrier area of west central Alberta from POSCO Daewoo E&P Canada Corporation (“Daewoo”) for total consideration of approximately $9.5 million. Bellatrix also announces updated commodity risk management contracts. Transaction Highlights The acquisition includes [Read more]
Connacher Announces Q3 2018 Results
CALGARY, Nov. 26, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2018 ("Q3 2018") (all amounts are in Canadian dollars unless otherwise noted). Q3 2018 Highlights Financial Q3 2018 and YTD 2018 revenue, net of royalties, totaled $58.8 million (Q3 2017 - $55.9 million) and $146.8 million (YTD 2017 - $156.7 million), respectively. For Q3 2018, revenue net of [Read more]
B.C. chief tells NEB pipeline hearings his people are responsible for their land
VICTORIA - First Nations leaders from British Columbia told a National Energy Board hearing in Victoria that there are serious concerns about the potential impacts of an expanded Trans Mountain pipeline on their homelands. Two leaders representing the Fraser Valley's Sto:lo Tribal Council say protection of the Fraser River's salmon, animals and surrounding lands is their eternal responsibility and the pipeline poses risks that could harm their homes and culture. But Chief Tyrone McNeil and [Read more]
Blackbird Energy Inc. Announces the Filing of Management Information Circular Seeking Shareholder Approval for Strategic Combination With Pipestone Oil Corp.
CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce the filing of its notice of meeting and management information circular (the "Circular") and related proxy materials for the special shareholders' meeting (the "Meeting") to be held on December 19, 2018 in connection with the previously announced strategic combination of Blackbird and Pipestone Oil Corp. ("Pipestone Oil") (the "Transaction"). The Circular [Read more]
Duvernay Rights Divestiture: Crescent Point Energy Corp. – Ferrybank, Alberta Area
Sayer Energy Advisors has been engaged to assist Crescent Point Energy Corp. (“Crescent Point” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Ferrybank area of Alberta. Crescent Point holds a 100% working interest in P&NG rights in the Duvernay Formation in approximately 88 sections of land at Ferrybank. The Company also holds additional rights in certain sections. Crescent Point’s lands in the Ferrybank area are offset by recent Duvernay drilling [Read more]
Pulse Oil Corp. Announces 1st Two Wells to be Drilled and Bigoray Well Reactivations Underway
CALGARY, Nov. 26, 2018 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced two Queenstown wells to be drilled and regulatory transfers for key Bigoray well reactivations have been received. Bigoray: As previously announced on October 12, 2018, Pulse had sought regulatory approval to transfer one Bigoray well from the Orphan Well Association ("OWA") and a further Bigoray well from an arms-length third party. Pulse has now received regulatory [Read more]