CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announced today that it intends to offer US$500 million aggregate principal amount of senior unsecured notes due 2027 (the "Notes") in a private placement offering (the “Offering”), subject to market and other conditions. The Notes will pay interest semi-annually in arrears. The final terms of the Notes will be determined at the time of pricing of the Notes. Baytex intends to use the net proceeds [Read more]
Headlines
Baytex Announces 2019 Year End Reserves and Preliminary Financial and Operating Results
CALGARY - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) announces its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary unaudited financial and operating results (all amounts are in Canadian dollars unless otherwise noted). “Our production in 2019 exceeded the high end of our annual guidance with outstanding capital efficiencies in our development program. As a result, we generated $329 million of free cash flow and a 17% reduction in net debt. Each of our core properties [Read more]
B.C. and Alberta Indigenous leaders demonstrate against major oilsands project
VANCOUVER - Indigenous leaders from British Columbia and Alberta who oppose Teck's Frontier mine say its impact will be felt by First Nations well beyond the site of the massive oilsands project. Members of Indigenous Climate Action, the Tiny House Warriors and the Union of B.C. Indian Chiefs were among those who gathered Monday in North Vancouver outside the office of Environment Minister Jonathan Wilkinson calling on him to stop the project. The Teck Frontier mine north of Fort McMurray, [Read more]
Enerplus Announces 2020 Guidance and Outlook through 2022
CALGARY - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today announced its 2020 exploration and development capital budget of $520 to $570 million and outlook through 2022. "We remain focused on creating value for shareholders through a combination of sustainable, high return production per share growth, free cash flow generation and low financial leverage," stated Ian C. Dundas, President and Chief Executive Officer. "As we further prioritize our ability to [Read more]
Crescent Point Closes Sale of Gas Infrastructure Assets
CALGARY, Jan. 20, 2020 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce that it has successfully closed the previously announced sale of certain associated gas infrastructure assets (the "Assets") in Saskatchewan for total cash consideration of $500 million. The Assets sold as part of this transaction include nine natural gas gathering and processing facilities and two gas sales pipelines with total throughput capacity of more [Read more]
Locked-out workers block entrances to Canada’s Co-op Refinery
Locked-out workers at the Co-op Refinery in Regina, Saskatchewan blockaded the facility on Monday, halting the movement of workers and trucks, the union and owner said. Federated Cooperatives Ltd (FCL), which owns and operates the refinery, locked out 800 workers on Dec. 5 in a dispute over pensions, but has kept western Canada's third-largest oil refinery operating with replacement workers and managers. Unifor, which represents the workers, said that hundreds of union activists had [Read more]
Oil rises as Libyan oilfields shut down
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. The West Texas Intermediate contract was up 27 cents, or 0.5%, at $58.81 a barrel, after rising to $59.73, the highest since Jan. 10. Brent crude was up 41 cents, or 0.6%, at $65.26 by 1116 GMT, having earlier touched $66 a barrel, the highest since Jan. 9. Two major [Read more]
Pipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant
CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. Keyera expects it to be repaired and resume operations of the Keyera Plant within approximately two weeks. Based on the expected outage duration, the Company is reaffirming its 2020 [Read more]
Calls for dialogue as pipeline polarizes some in northern British Columbia
HOUSTON, B.C. - A natural gas pipeline project has polarized many communities across northern British Columbia in a dispute a Wet'suwet'en elder says he hopes will be resolved through dialogue. Russell Tiljoe, 83, has long-established ties with the First Nation whose hereditary clan chiefs say the Coastal GasLink project has no authority to run through its 22,000 square kilometres of traditional territory without their consent. His own late father was one of the clan chiefs, but Tiljoe is [Read more]
Granite Oil Corp. Announces 2019 Year End Reserve Metrics
CALGARY - GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures (unaudited) into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds from operations (unaudited), and [Read more]