CALGARY - Thousands of layoffs that have hollowed out many of Calgary's downtown office towers are translating into tough times for health-care businesses that offer services covered by workplace insurance plans. Dentists, massage therapists and optometrists say they're cutting staff and getting by with lower profits as they wait for the economy to turn around and employment levels to bounce back. Meanwhile, a human resources expert says employees who have kept their jobs could [Read more]
Headlines
Blackbird Announces Successful 02/2-20 D&C Program Using Stage System, Planned Closing of Stage Acquisition, D&C Cost Reduction, Initiation of Accelerated Business Plan and Timing of Production
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2016) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to provide an update regarding the Company's successful 102/2-20-70-7W6 ("02/2-20") Upper Montney drilling program; Blackbird's high tonnage 02/2-20 completion program, which utilized the innovative and patented Stage Completions Inc. ("Stage") Bowhead II fracturing system (the "Stage System"); the planned closing of Blackbird's acquisition of a 10% indirect [Read more]
Receivership Sale: LGX Oil + Gas Inc.
Sayer Energy Advisors has been engaged to assist Ernst & Young Inc., in its capacity as receiver of LGX Oil + Gas Inc. (“LGX” or the “Company”) in divesting certain of the oil and natural gas properties held by LGX. LGX’s properties that are currently for sale consist of operated, high working interests in properties which produce oil and natural gas from the Big Valley/Banff formations (“Alberta Bakken”) and the Bow Island Formation in the Blood area of southern Alberta (Blood Reserve [Read more]
Birchcliff CEO says Canada should focus on competitiveness, not carbon taxes
In an interview on BNN, Birchcliff Energy CEO Jeffery Tonken, offered some strong words that Canada, and specifically Alberta, are making its oil and gas industry much more noncompetitive with recent actions. After being asked by BNN's host about the recent election of Donald Trump and its impact on the oil industry, Tonken expressed worries that the US will become a friendlier energy-producing environment than Canada. He said Canadian governments should focus on making the industry more [Read more]
Paramount Resources Ltd. Announces That Its Senior Unsecured Notes Due 2019 Will Be Redeemed
CALGARY, Nov. 17, 2016 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") announced today that it will redeem all of its outstanding 7.625% senior unsecured notes due 2019 in the aggregate principal amount of $286,583,000 (the "2019 Notes") on December 19, 2016 (the "Redemption"). The redemption price will be 102.542% of the principal amount of the 2019 Notes redeemed. The Company will pay the aggregate redemption price plus accrued and unpaid interest on the 2019 Notes to, but [Read more]
Husky Energy says ground movement to blame for spill into N. Saskatchewan River
CALGARY - Husky Energy says shifting ground is to blame for a pipeline burst in July that leaked crude oil into the North Saskatchewan River and jeopardized the drinking water of thousands downstream. "The break was a sudden, one-time event in a section of the pipe that had buckled due to the force of ground movement," Husky said in a summary of a detailed report released Thursday. The break, which happened about 160 metres from the riverbank, spewed out about 225,000 litres of [Read more]
ARC Resources Ltd. Announces Sale of Saskatchewan Assets
CALGARY, Nov. 17, 2016 /CNW/ - (ARX – TSX) ARC Resources Ltd. ("ARC") announced today that it has reached an agreement to sell all of its Saskatchewan assets and operations, which produce approximately 7,500 barrels of oil equivalent ("boe"), to Spartan Energy Corp. (SPE – TSX) for a total cash consideration of $700 million. "Our talented field and technical teams were instrumental in creating significant value for our shareholders from our high-quality Saskatchewan assets over the past 20 [Read more]
Spartan Energy Corp. Announces Strategic Light Oil Asset Acquisition in Southeast Saskatchewan and $505 Million Equity Financings
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX: SPE) is pleased to announce that it has entered into an agreement with ARC Resources Ltd. to acquire strategic assets in southeast Saskatchewan (the "Assets") for cash consideration of $700 million, subject to customary adjustments (the "Acquisition"). The Assets include high quality, low decline, operated production and a large land base which is highly complementary to Spartan's existing [Read more]
Request for: Exploration and Development Proposals – Gambler First Nation
GAMBLER I.R. #61 The Gambler First Nation has requested that Indian Oil and Gas Canada advise the oil and gas industry that they are interested in receiving proposals for the exploration and development of the following oil and gas rights within the Gambler I.R. #61. The available lands are located in Townships 18 & 19, Ranges 28 & 29 W1M. The lands comprise approximately 416.60 hectares more or less and all the following P&NG rights are available: P&NG in all [Read more]
Manitok Energy Inc. Announces an Offering of Flow-Through Shares and Common Shares
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announced today that in light of the availability of flow though capital from certain existing shareholders it has decided to initiate a public equity offering to improve its liquidity position. Manitok has filed a draft prospectus supplement dated November 17, 2016 (the "Preliminary Prospectus Supplement") in connection with a best efforts offering (the "Offering") of (a) [Read more]