Trudy Curran, Senior Vice President, General Counsel and Corporate Secretary of Canadian Oil Sands has been recognized by the Women''s Executive Network (WXN) as one of Canada''s Most Powerful Women: Top 100. "Achieving this recognition obviously doesn''t happen overnight. For Trudy, it is the result of years of successful legal work and dedication to her profession," said Marcel Coutu, President and Chief Executive Officer of Canadian Oil Sands Limited. "Trudy has worked in several [Read more]
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VIDEO: Horizontal Drilling and Hydraulic Fracturing
Exall Energy Corporation updates Q4 drilling, production and waterflood operations
Exall Energy Corporation is pleased to update drilling, production and waterflood operations in the Marten Mountain, Mitsue area. Exall's public filings can all be found at www.exall.com or www.sedar.com. Highlights: Exall's current average daily production for December is approximately 1,330 boepd, an increase of 42% over the September average, Two wells were drilled between the Central Waterflood ("WF") and the North WF areas during Q4 with production to start in late [Read more]
MEG Energy Announces $400 Million Public Bought Deal Financing
MEG Energy Corp. reported today that it has entered into agreements to offer a total of 24,246,212 MEG common shares at a price of CDN$33.00 per share to raise gross proceeds of approximately CDN$800 million. Under the agreements, 12,125,000 MEG common shares will be issued on a bought deal basis through a syndicate of underwriters co-led by BMO Capital Markets, Credit Suisse Securities (Canada), Inc., Barclays Capital Canada Inc. and RBC Capital Markets (the "Public Offering"). An [Read more]
MEG Energy Announces 2013 Capital Budget and Production Guidance
MEG Energy Corp. released its 2013 capital budget and production guidance today, which includes planned capital investment of approximately $1.9 billion (including $90 million deferred from previously planned 2012 investments) and a production target of 32,000 to 35,000 barrels per day (bpd). Goals for 2013 include: Focus on the RISER initiative to deliver high return, near-term production growth which, in turn, advances cash flow to support the company's significant growth [Read more]
PetroBakken Announces Current Production of Approximately 51,000 Boepd
PetroBakken Energy Ltd. is pleased to provide an update on operations and our 2013 hedging program. Production in early December 2012 has reached approximately 51,000 boepd (based on field estimates), up 6,000 boepd since early November 2012 as we continue to execute on our 2012 capital plan. Production growth primarily came from our Bakken and Cardium business units, which are our most active areas. Since the end of the third quarter, we have drilled 67 net wells and placed 76 net wells [Read more]
Palliser Oil & Gas Announces Flow-Through Share Financing
Palliser Oil & Gas Corporation is pleased to announce that it proposes to issue and sell on a non-brokered basis, 1,462,512 common shares of Palliser on a flow-through basis (the "Flow-through Shares") at an issue price of $0.82 per Flow-Through Share resulting in gross proceeds of $1,199,260. Palliser will pay finder's fees of an aggregate of $60,000 ( 6% on certain of the subscriptions) to net $1,139,260 from the Offering. Proceeds from the issuance of the Flow-Through Shares under the [Read more]
Enerplus Announces Guidance for 2013 and Acquisition of Additional Bakken Interests in Montana
Enerplus Corporation announces guidance for 2013 and the acquisition of additional low decline, light oil interests in Montana. Acquisition of Bakken Interests in Montana Consistent with our strategy of consolidating core positions within our portfolio, Enerplus has agreed to enter into an agreement to acquire an additional 20% working interest in our operated leases in the Sleeping Giant area in the Elm Coulee field in Richland County, Montana for approximately US$131 million [Read more]
Surge Announces Operations Update
Surge has drilled, completed and placed on production all 22 gross (17.9 net) planned wells in the fourth quarter of 2012. As such, Surge is well positioned to meet its targeted exit production guidance of 11,000 boe per day. At Valhalla South, Surge drilled, completed and tied-in three gross (1.96 net) horizontal multi-frac wells. All wells are currently on production, and although all of the wells have not produced for an entire month, it appears that on average the wells will exceed the [Read more]
Progress, Petronas say government approval of takeover was vital to expansion
By The Canadian Press CALGARY - Progress Energy Resources Corp. and the Malaysian state-owned company which has been approved to acquire it say Ottawa's greenlighting of their deal is vital to the expansion of their Liquid Natural Gas plans. The two companies released a joint statement Sunday night welcoming the Conservative government's decision, which was announced on Friday along with the approval of Chinese state-owned CNOOC's bid for Calgary-based Nexen Inc. In the [Read more]