CALGARY, Aug. 8, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced strong financial and operating results for the three and six month periods ended June 30, 2019. Second Quarter Highlights Funds from operations (FFO) totalled $240 million Net income for the quarter was a record $260 million Declared cash dividends of $176 million or $0.43 per share Quarterly payout ratio* of 73 percent Total pipeline throughput averaged 1,343,000 barrels per day [Read more]
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Yangarra Announces Second Quarter 2019 Financial and Operating Results
CALGARY, Aug. 8, 2019 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2019. Second Quarter Highlights Average production of 13,032 boe/d (47% liquids) during the quarter, an increase of 9% from the first quarter of 2019 and a 72% increase from the same period in 2018. Oil and gas sales were $36.5 million, an increase of 22% from the same period in 2018. Funds flow from [Read more]
U.S. natgas futures rise nearly 2% on forecasts for hot weather ahead of storage report
U.S. natural gas futures rose almost 2% on Thursday as record power demand in Texas and forecasts for hotter weather and greater cooling demand in late August lifted prices from a near three-year low in the prior session. That increase comes despite the impending release of a federal report later Thursday that is expected to show a bigger than normal storage build. Analysts said utilities likely added a bigger-than-normal 59 billion cubic feet (bcf) of gas into storage during the week [Read more]
Husky 2019 Cold Heavy Oil and Gas Asset Divestiture
HIGHLIGHTS Cold heavy oil and natural gas assets with high working interest Operatorship in key infrastructure Oil production from Wabiskaw, Grand Rapids, Cummings, and Sparky Formations Undeveloped oil opportunities and material waterflood/polymer flood upside Production affected by curtailment in 2019 PACKAGE 2018 AVG NET PROD (boe/d) 2019 AVG NET PROD(1) (boe/d) 2019 OIL WEIGHTING (%) NET LAND (ha) NET WELLBORE(2) count GROSS [Read more]
Tidewater Announces Closing of $75 Million Bought Deal Financing of Convertible Debentures
CALGARY, Aug. 8, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater") (TSX:TWM) is pleased to announce that it has closed its previously announced $75 million bought deal financing (the "Offering") of five-year convertible unsecured subordinated debentures (the "Debentures"). The Debentures have a coupon of 5.5 percent per annum, and a conversion price of $1.86 per Tidewater common share ("Common Share"). The syndicate of underwriters was co-led by CIBC World [Read more]
Hemisphere Energy provides operational and production update
VANCOUVER, Aug. 8, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an operational update on its 2019 drilling program and field operations. Hemisphere is currently drilling the tenth horizontal well of its 2019 summer drilling program, with drilling operations for the first nine wells having progressed ahead of schedule and on budget. Two of the new wells have already been placed on production with the remainder of new wells [Read more]
Saudi Arabia plans to keep Aug-Sept oil exports below 7 mln bpd – official
Saudi Arabia plans to keep its crude oil exports below 7 million barrels per day in August and September despite strong demand from customers, to help drain global oil inventories and bring the market back to balance, a Saudi oil official said. State-owned Aramco's oil nominations - the requests made by refiners and customers for Saudi crude - were high in September, a sign of healthy oil demand globally, the Saudi official, who asked not to be named, said on Thursday. Despite that, the [Read more]
Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2019
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three and six months ended June 30, 2019. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) 2019 2018 % 2019 2018 % Petroleum [Read more]
Pipestone Energy Corp. Reports Second Quarter 2019 Results and Gives an Operations Update
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q2 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended June 30, 2019 on SEDAR. A conference call has been scheduled for Thursday, August 8 at 9:00 a.m. [Read more]
Paramount Resources Ltd. Reports Second Quarter 2019 Results
HIGHLIGHTS Sales volumes averaged 81,793 Boe/d (37 percent liquids) in the second quarter of 2019. Paramount's second quarter netback was $82.1 million compared to $115.7 million in the first quarter of 2019, primarily as a result of weaker natural gas and NGLs prices. Second quarter 2019 operating costs of $86.8 million ($11.66 per Boe) were lower than first quarter operating costs of $90.4 million ($12.35 per Boe). The liquids-rich Karr and Wapiti Montney developments accounted for [Read more]