FORT MCMURRAY, Alta. - A fire that broke out at a Syncrude oilsands site in northern Alberta was the result of a supply line that broke and leaked light oil, a company spokesman said Wednesday. Crews were allowing the blaze at the Mildred Lake oilsands upgrader to burn itself off of flammable chemicals, 24 hours after it erupted on Tuesday afternoon, because that's the safest way to dispose of the residual material, Will Gibson said. "The fire was the result of a line failure [Read more]
Headlines
Perpetual Energy Inc. Releases Fourth Quarter and Year-End 2016 Financial and Operating Results
CALGARY, March 15, 2017 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its fourth quarter and year end 2016 financial and operating results. A complete copy of Perpetual's audited consolidated financial statements, Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2016 will be available through the Corporation's website at www.perpetualenergyinc.com and SEDAR at [Read more]
GeoCarta for WCSB Data Analysis: Free trial and training for Energy Service companies
To make the most of a tough market you need software and WCSB well data that helps you to analyze and target activity in the field. We know your own data is important as well. GeoCarta makes it easy to add layers of your data to the map: Points, lines, polygons and associated data are added through spreadsheets or shapefiles, then you can easily create powerful map visualizations that can be further used for querying against our WCSB well data. Imagine: Quickly adding UWI lists, SegP1 files, [Read more]
Penn West Announces its Financial and Operational Results for the Year Ended December 31, 2016 and 2016 Reserves Results
CALGARY, March 15, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce financial and operational results for the year ended December 31, 2016, along with year-end 2016 reserves results. "2016 was a year of reshaping and rebuilding for Penn West as we examined every aspect of our business to ensure we are well structured to thrive in today's commodity price environment," commented David French, President and [Read more]
Fast-Built GEOWEB® roads transform infill allowing access to oil over challenging ground conditions
A unique 3D soil stabilization system-GEOWEB®-was developed by Presto three decades ago for fast-built military roads that has transformed the way roads are built over soft subgrades and into remote areas. Even poor soils and sand when confined in the GEOWEB system create a stable load supporting surface for heavy vehicles. This technology translates well for the Canadian Oil Sands where ground and weather conditions-as well as location-makes building roads to access oil sites especially [Read more]
Bellatrix Exploration Ltd. Announces Fourth Quarter and Year End 2016 Financial and Operating Results
TSX, NYSE: BXE CALGARY, March 15, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the fourth quarter and year ended December 31, 2016. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the [Read more]
Perpetual Energy Inc. Confirms Closing of Debt Financing, Private Placement and Credit Facility Amendments and Announces Early Redemption for 2018 Senior Notes
CALGARY, March 14, 2017 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to confirm that it has closed the strategic financing initiatives previously announced February 17, 2017 (collectively, the "Financing Transactions") and to announce the early redemption of its 8.75% senior notes maturing March 15, 2018 (the "2018 Senior Notes"). FINANCING TRANSACTIONS As at March 14, 2017, Perpetual has closed the following previously announced Financing [Read more]
Pine Cliff Energy Ltd. Announces Record Revenue and Funds Flow, Fourth Quarter and Annual 2016 Results
CALGARY, ALBERTA--(Marketwired - March 14, 2017) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce its fourth quarter and year-end financial and operating results and the filing of its 2016 disclosure documents. Included in the filings are Pine Cliff's annual information form ("AIF"), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and [Read more]
Some facts about Syncrude and its Mildred Lake site
FORT MCMURRAY, Alta. - Syncrude Canada was responding to an explosion and fire Tuesday at its upgrader at Mildred Lake near Fort McMurray in northern Alberta. Here are some facts about Syncrude: — Incorporated in 1964. Started operations in 1978. — Current production capacity 350,000 barrels a day of high-quality light crude oil. Cumulative production exceeds 2.4 billion barrels. — Employs about 5,000 people directly as well as another 2,400 contract employees on average. [Read more]
Bonterra Energy Corp. Announces Year End 2016 Results
CALGARY, ALBERTA--(Marketwired - March 14, 2017) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") is pleased to announce its operating and financial results for the year ended December 31, 2016. The related financial statements and notes, as well as management's discussion and analysis (MD&A) for the year ended December 31, 2016, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's [Read more]