CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) announced today that Roger S. Braugh, Jr. has been appointed to the Board of Directors of Tanager. Roger S. Braugh, Jr. is the founder and President of the Santa Rosa Energy family of companies, including Santa Rosa Energy, Ltd., Santa Rosa Operating, LLC, Paleo Oil Company LLC, and Santa Rosa Drilling LLC. He graduated from the University of Texas at Austin, earning his [Read more]
Headlines
How Mexico plans to revitalize its energy industry through privatization
For the past 78 years, Mexico’s energy industry has been closed off to private investment. The constitution Mexico adopted in 1917 bestowed sole ownership of country’s subsurface resources to the government. The Mexican government also maintains the exclusive right to develop the resource through its state-owned oil corporation PEMEX. This has not always been the case, prior to 1938 production rested largely with a select group of large multinationals. Upwards of 90 per cent of Mexican [Read more]
Is the worst over? Alberta’s GDP to grow in 2017, but full recovery will take time
CALGARY, Nov. 2, 2016 /CNW/ - While higher oil prices have created some optimism, Alberta's economy remains challenged as 2016 comes to a close. Today, ATB Financial is releasing its latest Economic Outlook for the province, providing insight into what may happen in the months ahead. Capturing five primary economic indicators, the key results are: Alberta's economy is forecast to contract by 2.6 per cent this year with growth of 2.1 per cent returning next year. Despite the growth in [Read more]
Saturn Minerals Inc. to Change Name to Saturn Oil + Gas Inc. and Announce New Additions to Executive Team
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that it has made application, with regularity approval pending and expected in due course, to change its name to "Saturn Oil + Gas Inc." The name change was approved by the Board of Directors on November 1st, 2016. The change in name reflects a change in direction for Saturn from a mineral-focused exploration company to one with a [Read more]
Pan Orient Energy Corp. – Operations & Corporate Update
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Pan Orient Energy Corp. ("Pan Orient" or "the Company") (TSX VENTURE:POE) is providing an operations and corporate update. INDONESIA East Jabung PSC (POE 49% & Non Operator) An East Jabung Production Sharing Contract ("PSC") joint venture partners' meeting was recently held where the operator provided an update on the upcoming exploration drilling program at the Anggun prospect and presented the proposed 2017 Work Program and Budget. [Read more]
PSAC Forecasts 4,175 Wells Drilled in 2017; Minor Rebound from 2016’s Levels Anticipated
CALGARY, AB (November 2, 2016) – Today, the Petroleum Services Association of Canada (PSAC) released its 2017 Canadian Drilling Activity Forecast. PSAC expects a total of 4,175 wells (rig releases) to be drilled in Canada in 2017. For 2016, the Association’s final revised forecast predicts a yearly total of 3,950 wells. PSAC bases its 2017 forecast on average natural gas prices of $2.50 CDN/mcf (AECO), crude oil prices of US$52/barrel (WTI), and the Canadian dollar averaging $0.76USD. PSAC [Read more]
Manitok Energy Inc. Announces Initial Production Test Results of 674 boe/d From First Carseland Well Drilled in the 2016 Drilling Program
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has initial production test results from its first horizontal well of the fourth quarter drilling program. The 14-32-022-25W4 horizontal well (100% working interest) in Carseland, targeted the Lithic Glauconitic ("LG") zone and was completed with a multi-stage fracture stimulation. After flowing for about three days, the well cleaned up enough to [Read more]
Tamarack Valley Energy Ltd. and Spur Resources Ltd. Announce a Transformative Business Combination to Create an Oil Weighted Cardium and Viking Focused Growth Company Producing Over 17,000 boe/d
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Tamarack Valley Energy Ltd. (TSX:TVE) ("Tamarack" or the "Company") and Spur Resources Ltd. ("Spur") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Tamarack of all the issued and outstanding common shares of Spur ("Spur Shares"), which will hold Spur's Viking oil assets at closing (the "Combination"). Under the terms of the Arrangement Agreement, Tamarack [Read more]
Baytex Energy Corp. Reports Q3 2016 Results
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and nine months ended September 30, 2016 (all amounts are in Canadian dollars unless otherwise noted). "We are increasing our full year 2016 production guidance by 2% on the back of our strong third quarter operating results and planned activity levels through year-end. For the second consecutive quarter our funds from operations [Read more]
Seven Generations Q3 production reaches 132,625 boe/d, up 119%, funds from operations up 123% to $212 million
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2016) - Seven Generations Energy Ltd. (TSX:VII) achieved record production of 132,625 barrels of oil equivalent per day (boe/d) in the third quarter of 2016, up 119 percent compared to the same period in 2015. Third quarter 2016 condensate production increased 105 percent to about 46,453 barrels per day (bbls/d) compared to a year earlier. Third quarter natural gas production was 314 MMcf/d, up 120 percent from a year earlier, while funds from operations [Read more]