March 10, 2020 – Sweet Gas Production – U.S. based, Canadian company has an immediate need for in excess of 560 103 m3/day of dry, sweet gas in the Western Canadian Sedimentary Basin. Production can be split in minimum of 28 103 m3 tranches and tied in to a central gathering point. Terms to be negotiated and willing to purchase operated properties or gas prior to a sales point. Please contact info@grouseenergy.ca [Read more]
Headlines
Tidewater Midstream and Infrastructure Ltd. Announces Fourth Quarter 2019 Results and Operational Update
CALGARY, March 12, 2020 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its annual consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2019. Recent Market Volatility Tidewater takes the severe downturn in the energy industry very seriously and has been working extremely hard over the past three years to minimize its major risks [Read more]
TC Energy signs letter of intent to acquire Pioneer Pipeline
CALGARY, Alberta - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today announced that its wholly owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million. The Pioneer Pipeline consists of 131 km of operating pipeline that, upon closing of the transaction, will be integrated into the NGTL System. The pipeline [Read more]
Pipestone energy corp. announces an operations update and a 60% reduction to 2020 capital guidance accompanied by a <10% reduction to 2020 production guidance to 17,000 - 18,000 boe/d
CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces reduced guidance in response to current commodity prices, an update on capital efficiencies achieved and encouraging early production results from its 6-24 pad. A conference call is scheduled for Thursday, March 12 at 9:00 a.m. Mountain Daylight Time (11:00 a.m. Eastern Daylight Time) for interested investors, analysts, brokers and media representatives. “As a company, Pipestone Energy has [Read more]
Delphi Energy Corp. Reports 2019 Year End Results
CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results and reserves for the year ended December 31, 2019. 2019 HIGHLIGHTS During 2019, the Company incurred $26.8 million in capital expenditures while generating $52.6 million of adjusted funds flow; Reduced bank debt plus adjusted working capital deficit by $41.1 million, or 44 percent, from the first quarter of 2019. Net bank debt as at December 31, 2019 was [Read more]
Transglobe Energy Corporation announces year end 2019 financial and operating results
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2019. All dollar values are [Read more]
Gear Energy Ltd. Provides Revised 2020 Guidance and Operational Update
CALGARY - Gear Energy Ltd. ("Gear") (TSX: GXE) announces revisions to the 2020 budget guidance and an update on operations to date in 2020. 2020 GUIDANCE Given the current weakness and uncertainty in the future price of oil, Gear has chosen to immediately implement a material reduction to its planned capital program for the remainder of 2020. All future 2020 non-discretionary capital spending will be placed on hold until prices recover to more sustainable levels. Protection of the [Read more]
Pine Cliff Energy Ltd. Announces Annual 2019 Results and Filing of 2019 Disclosure Documents
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce its year-end financial and operating results and the filing of its 2019 disclosure documents. Included in the filings were Pine Cliff's annual information form ("AIF"), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and Gas Activities and its consolidated financial [Read more]
Painted Pony Announces Fourth Quarter and Full Year 2019 Financial and Operating Results, 2019 Year-End Reserves, and Improved Cost Structures
CALGARY, Alberta - Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) is pleased to announce fourth quarter and full-year 2019 financial and operating results, year-end 2019 reserves, 2020 first-half capital spending, and anticipated future reductions to transportation, processing, and general and administrative expenses ("G&A"). HIGHLIGHTS Reduced bank debt at 2019 year end by 26% or $43 million to $120 million when compared to 2018 year-end bank debt of [Read more]
Heavy discount narrows as global prices weaken further
Canadian heavy crude's discount narrowed versus U.S. benchmark West Texas Intermediate (WTI) oil on Wednesday, held in check by weak global prices and declining inventories. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, was trading at $12.75 per barrel below WTI, according to NE2 Canada Inc, tighter than Tuesday's settle of $13.15 under. The lack of major movement in the differential reflects uncertainty among traders about the market's direction, a [Read more]