CALGARY, Feb. 11, 2016 /CNW/ - Black Swan Energy Ltd. is pleased to announce the commissioning and start-up of the first of two phases at its new shallow cut gas processing facility in northeast British Columbia (NEBC). Highlights of the c-38-C Aitken Creek Gas Plant include: Plant initiated Q1 2015, with civil construction underway by July 2015 First gas to sales January 30, 2016 Facility is 100% owned and operated by Black Swan Liquids yield including field condensate is expected [Read more]
Headlines
Cenovus finishes 2015 with strong balance sheet
Additional budget reductions planned to preserve financial resilience CALGARY, Feb. 11, 2016 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved significant sustainable cost savings across its business in 2015 and further strengthened what is now one of the best balance sheets in the North American exploration and production sector. The company is planning additional measures in 2016 to help it remain financially resilient through another year of expected low crude oil and natural [Read more]
Lightstream Announces 2015 Reserves and First Half 2016 Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2016) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) announces 2015 year-end reserves and first half 2016 guidance. HIGHLIGHTS 2015 RESERVES The net present value (before tax, discounted at 10%) of our 2015 year-end 2P reserves was $2.2 billion based on our independent reserve evaluation and, excluding debt, equates to $2.90 per basic share. Our 2015 year-end reserves evaluation resulted in 2P reserves of 142.4 MMboe [Read more]
TransCanada must overcome Quebec identity politics in quest to build Energy East
MONTREAL - On a recent visit to Montreal, the head of Energy East was all smiles as he spoke about how his company is listening to Quebecers' concerns about the deeply divisive pipeline project.If John Soini listens carefully, however, what he hears might make him frown.The company behind Energy East, TransCanada (TSX:TRP), says it is confident it can address worries about spills, explosions and the perceived lack of economic benefits for communities along the proposed pipeline route from [Read more]
Draft environmental review of proposed B.C. LNG project released
VANCOUVER - Canada's environmental review body says greenhouse gas emissions from a proposed liquefied natural gas facility on British Columbia's north coast pose a significant ecological threat.The Canadian Environmental Assessment Agency released its draft environmental assessment report on Wednesday for Pacific NorthWest LNG's planned $36-billion export terminal on Lelu Island, south of Prince Rupert.The report found the project alone would produce 5.28 million tonnes of carbon dioxide [Read more]
ARC Resources Ltd. Announces the 8th Consecutive Year Of ~200% Reserves Replacement, 2015 Finding and Development Costs for 2P Reserves of $6.97 and a Significant Increase in Montney Resource Estimates in 2015
CALGARY, Feb. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its 2015 year-end reserves and resources information. "ARC's team once again demonstrated the strength of its asset base and technical expertise, replacing 190 per cent of produced reserves through the drill bit at low finding and development costs of $6.97 per boe for proved plus probable reserves. These results showcase ARC's exceptional Montney assets, which were the main driver of both reserves [Read more]
ARC Resources Ltd. announces strong fourth quarter, record annual production and a significant increase in Montney resource estimates in 2015
CALGARY, Feb. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2015 operating and financial results. Fourth quarter production averaged 119,243 boe per day and funds from operations were $200.7 million ($0.58 per share). ARC's audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2015 and 2014, are available on ARC's website at www.arcresources.com and [Read more]
Whitecap Resources Inc. Announces 27% Increase to 2015 Year End Reserves
CALGARY, Feb. 10, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to present the results of our independent 2015 year end oil and gas reserves evaluation prepared by McDaniel & Associates Consultants Ltd. ("McDaniels"). Since inception, Whitecap has been focused on acquiring high quality assets and further developing them to maximize return on capital for shareholders. In 2015, we invested approximately $1 billion (unaudited) into the development [Read more]
Keyera Corp. Announces Year End 2015 Results
CALGARY, Feb. 10, 2016 /CNW/ - Keyera Corp. (TSX:KEY) announced its 2015 year end results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. HIGHLIGHTS Keyera had a record year, generating adjusted earnings before interest, taxes, [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2015 Year-End Financial Results and Material Reserves Additions and Provides an Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2016) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce its unaudited 2015 year-end and fourth quarter financial and operational results, with record annual average production of 38,950 boe per day and record low operating costs of $4.54 per boe in 2015, as well as highlights from its independent reserves evaluation effective December 31, 2015. Birchcliff is also pleased to provide an operational update. Birchcliff estimates [Read more]