CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - Seven Generations Energy Ltd. (TSX:VII) produced a record 117,353 barrels of oil equivalent per day (boe/d) in the second quarter of 2016, up 116 percent from the second quarter of 2015, and up 33 percent from the first quarter of the year. Second quarter condensate production increased 87 percent from the same quarter in 2015 to 38,803 boe/d. "As we bring new wells and Super Pads on-stream, and apply a combination of innovative technologies, [Read more]
Headlines
Penn West Announces Its Financial and Operational Results for the Second Quarter Ended June 30, 2016
CALGARY, Aug. 4, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the second quarter ended June 30, 2016. All figures are in Canadian dollars unless otherwise stated. Three months ended June 30 Six months ended June 30 2016 2015 % change 2016 2015 % change Financial (millions, except per share [Read more]
Canadian Natural Resources Limited Announces 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - Commenting on second quarter 2016 results, Steve Laut, President of Canadian Natural stated, "Canadian Natural delivered strong cash flow during the quarter while facing a number of challenges, ranging from low commodity prices to the proactive shut down of the Primrose East pipeline and operational issues at third party owned and operated natural gas facilities, which impacted quarterly production volumes. The major turnaround at Horizon is now [Read more]
Sunshine Oilsands Ltd.: Extension of Closing of the Balance of the Private Placement Under the Specific Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Aug. 3, 2016) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) wishes to announce the following: Reference is made to the announcements of the Corporation dated June 1, 2015, July 28, 2015, August 21, 2015, October 1, 2015, November 2, 2015, December 6, 2015, March 2, 2016, May 3, 2016, June 3, 2016, June 23, 2016, July 21, 2016 and August 1, 2016 (all preceding dates are in [Read more]
Saskatchewan auditor wants to see better pipeline regulations from government
REGINA - Saskatchewan's provincial auditor says the province has only implemented two of seven recommendations her office made four years ago to improve oil pipeline safety. The auditor's office said in 2012 that the Ministry of Energy and Resources did not have effective ways to ensure full compliance with laws for pipeline construction and operation. It said one problem is that the ministry doesn't collect enough information to know if pipelines are properly maintained or if [Read more]
Gear Energy Ltd. Announces Second Quarter 2016 Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2016) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended June 30, 2016 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months ended (Cdn$ thousands, [Read more]
Surge Energy Inc. announces second quarter 2016 results
CALGARY, Aug. 3, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2016. SECOND HALF DRILLING PROGRAM ACCELERATED "Due to the record drilling efficiencies and cost savings Surge has achieved so far in 2016, management chose to use a portion of the proceeds from the Company's first quarter non-core asset sale to accelerate its second half 2016 drilling program. Favorable weather conditions in [Read more]
Spartan Energy Corp. Announces Southeast Saskatchewan Light Oil Acquisition, $70 Million Bought Deal Equity Financing and Updated 2016 Capital Budget
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that it has completed the acquisition of approximately 450 boe/d (93% oil and liquids) of production in southeast Saskatchewan for a cash purchase price of $24 million (the "Acquisition"). Spartan is also pleased to announce that it has entered into a bought deal financing agreement with a syndicate of underwriters co-led by Peters & Co. Limited, GMP [Read more]
Veresen Announces Enhanced Funding Strategy Through Pursuing Sale of Power Business and the Suspension of DRIP, Second Quarter Financial Results and Increased Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) today announced it will pursue the sale of its power generation business and will suspend its Premium Dividend™ and Dividend Reinvestment Plan. Proceeds from the divestiture will be invested to develop Veresen's significant inventory of contracted capital projects in the core natural gas and NGL infrastructure business. These steps will result in a company with the following attributes: Integrated natural [Read more]
There’s a company drilling for oil 300 km Northeast of Regina
Regulatory uncertainty in Alberta's resource industry, strong conservative leadership by Saskatchewan premier Brad Wall and increased demand for low-cost conventional operations are sending oil and gas investors over provincial lines into Saskatchewan. Here red tape is less restrictive, the political environment inspires confidence in oil and gas operations, and the predominance of easier to produce light crude is attracting companies such as Teine energy, Raging River and Crescent Point. [Read more]