CALGARY - AltaGas Ltd. (AltaGas) (TSX: ALA) announces the appointment of two new Independent Directors – Linda Sullivan and Nancy Tower to its Board of Directors effective today. In addition, AltaGas announces the retirement of Daryl Gilbert from the Board to be effective following the conclusion of AltaGas' next annual meeting of shareholders to be held in May this year. Following Mr. Gilbert's planned retirement, AltaGas' Board will once again be comprised of 11 directors with [Read more]
Headlines
Millennium Land: 20 years in the making
I must have sent out 50 resumes to potential employers from California to Fort St. John BC. prior to the February break of 2000. There were approximately 30 students in the Land Acquisition and Management Program at Olds College in 2000 so thankfully I had a few job interviews. One (unsuccessful) interview took me to Regina, SK. While traveling the scenic lanes of Highway 1 back to Alberta I get a call from a long-time friend. “Why are you in Saskatchewan?” he asks. “Job hunting”, I [Read more]
Cenovus Energy aims for 30% cut in emission intensity by 2030
Canada's Cenovus Energy on Thursday unveiled plans to reduce per-barrel greenhouse gas emissions by 30% by the end of 2030, as the country's oil industry faces growing pressure from environmental activists. The Alberta-based integrated oil and gas company said it will spend an additional C$1.5 billion on businesses run by the country's indigenous communities. Opposition from environmental and indigenous groups have stalled new pipeline projects in Canada and the United States that are [Read more]
Saturn Oil & Gas Inc. Confirms a Strong 2019 Exit Production Rate and Q1 2020 Drilling Program Details
CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced a strong production rate exiting 2019 as a result of its successful Q4 2019 capital program, and upcoming Q1 2020 drilling program. Successful Q4 2019 Capital Program During the last half of December, Saturn brought on production four (4.0 net) extended-reach horizontal (“ERH”) Viking light oil wells, which led to a strong 2019 exit rate. Based on [Read more]
Heavy discount widens as storage levels remain elevated
The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Wednesday, with traders pointing to large stockpiles and limited pipeline space. Alberta oil storage levels have hit record highs after a temporary Keystone pipeline outage last year and a rail strike. In October, Alberta, Canada's main oil-producing province, eased curtailments on oil production, allowing companies to produce additional oil, provided they move it by rail. Western [Read more]
Pembina Pipeline Corporation Announces $1 Billion Public Note Offering
CALGARY, Jan. 8, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1 billion of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in three tranches consisting of $250 million principal amount to be issued through a re-opening of the Company's 4.02% medium-term notes, series 10, due March 27, 2028 (the "Series 10 Notes"); $500 million principal amount to be issued through a re-opening of the [Read more]
Athabasca Oil Provides Operations Update, 2020 Budget Guidance and Results of Special Shareholders Meeting
CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) demonstrated strong operational results at the end of 2019 and has approved a 2020 capital budget focused on sustaining annual production within forecasted funds flow. Year-end 2019 Operations Update Production – Annual average of ~36,200 boe/d, in line with prior guidance of 36,000 boe/d. Q4 2019 production averaged ~36,400 boe/d. Leismer Update – December production [Read more]
Advantage Announces 2020 Capital Budget
Advancing Light Oil with A Solid Natural Gas Foundation CALGARY, Jan. 8, 2020 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2020 capital budget which targets investment between $170 and $200 million. These investments will continue to advance the Corporation's liquids transition plan by focusing on our Progress and Pipestone/Wembley light oil assets, complementing our solid foundation of low-cost natural gas and condensate at Glacier and [Read more]
Toscana Energy Initiates Formal Strategic Alternatives Process
CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that the Board of Directors (the “Board“) of the Corporation is undertaking a formal process to identify, examine and consider the strategic alternatives available to the Corporation to maximize value for shareholders. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a disposition of all [Read more]
Enerplus Appoints Judith D. Buie to its Board of Directors
CALGARY - Enerplus Corporation ("Enerplus") (TSX & NYSE: ERF) today announced the appointment of Ms. Judith D. Buie to its board of directors. Ms. Buie has spent over 25 years in the upstream oil and gas business leading business development initiatives and managing oil and gas assets through different commodity and life cycles. From 2012 to 2017, Ms. Buie was Co-President and Senior Vice President Engineering for RPM Energy Management LLC, a private company which evaluates and manages [Read more]