[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`504`158`662 Last Week`500`151`651 Last Year`526`175`701 Week over Week Change`+4`+7`+11 Year over Year Change`-22`-17`-39[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]
Headlines
Baytex Signs Agreement to Deliver Produced Gas for Power Generation in Peace River Area
CALGARY, ALBERTA--(Marketwire - Feb 22, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) has signed a 10-year agreement with Genalta Power Inc. ("Genalta") whereby the majority of excess gas associated with its Peace River area heavy oil production will be delivered to a power generating facility being constructed by Genalta in the area. Baytex will construct a pipeline that will connect its existing integrated gas collection system in the Harmon Valley and West Harmon areas to the Genalta [Read more]
Western Energy to acquire IROC Energy in $193.7M deal, including debt
CALGARY - Contract oil driller Western Energy Services Corp. (TSX:WRG) saw its stock drop more than seven per cent Friday after announcing plans to buy IROC Energy Services Corp. (TSXV:ISC). The transaction, valued at $193.7 million, includes $36.6 million in debt. Western is offering a combination of $1.24 in cash and 0.2338 of a Western share for each share of the Red Deer, Alta.-based well servicing and oilfield equipment rental company. The combination, worth $3.10 per [Read more]
Enerplus Delivers 9% Production Growth and 190% Reserve Replacement in 2012
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the [Read more]
PetroBakken Announces 2012 Reserves Replacing 229% of 2012 Production and Achieving Proved Plus Probable FD&A Costs of $11.91/boe and F&D Costs of $26.74/boe
CALGARY, ALBERTA--(Marketwire - Feb 21, 2013) - PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to announce the Company''s 2012 year-end reserves and provide an operational update. Unless otherwise noted, all reserves herein are "Company Interest" reserves, which represent the Company''s working interest and royalty interest share of reserves, before deduction of the Company''s royalty obligations. All values in this press release are based on Sproule''s forecast [Read more]
Will new head of the US Environmental Protection Agency bode badly for Keystone XL?
WASHINGTON - U.S. President Barack Obama is poised to nominate his "green quarterback," a longtime air quality expert who has been a champion for tougher carbon emissions standards, as head of the powerful Environmental Protection Agency. Gina McCarthy, who currently heads the EPA's Office of Air and Radiation, reportedly has the inside track to replace Lisa Jackson, who officially stepped down from the agency last week. The 58-year-old McCarthy's ascension proves the president [Read more]
Redford heads to Washington to lobby for Keystone XL
EDMONTON - Alberta Premier Alison Redford says she is heading to Washington this weekend to lobby for the Keystone XL pipeline and she remains confident it will be approved. Redford says Albertans have the same environmental concerns as Americans do over the province's oilsands and her government is taking steps to minimize 'climate change'. The premier is to meet in the U.S capital with state governors and with Canada's U.S. ambassador Gary Doer. President Barack Obama's [Read more]
Ample crude supplies slam oil prices down
By Jonathan Fahey NEW YORK, N.Y. - Oil prices plunged for a second day Thursday, raising hopes that a relentless rise in U.S. gasoline prices may slow or reverse at least temporarily. Benchmark crude oil fell $2.31, or 2.4 per cent, to $92.91 per barrel in midday trading in New York, the second drop of 2 per cent in two days. Brent crude, which is used to price oil used to make gasoline in many U.S. refineries, fell $1.76 to $113.84 in London. Crude oil's recent dip is a [Read more]
Interview with CAPP Manager, Natural Gas Strategy & Advocacy
We interviewed the Canadian Association of Petroleum Producers Manager, Natural Gas Strategy and Advocacy, Aaron Miller. The topics of discussion were: who needs Canada's natural gas, and where/how do we get our product to market? Press the 'play button' to listen: [Read more]
Natural gas storage drops 127 Bcf
February 8: 2,527 Bcf February 15: 2,400 Bcf Change: -127 Bcf [table] [attr style="width: 25%"]`[attr style="width: 25%"]February 15`[attr style="width: 25%"]February 8`[attr style="width: 25%"]Change East`1,108`1,187`-79 West`367`380`-13 Producing`925`960`-35 Total`2,400`2,527`-127 [/table] Source: EIA [Read more]