EDMONTON - It's a seemingly small thing, the matter of a dozen or so degrees difference in the water temperature during one part of the lengthy and complex process of squeezing oil from Alberta bitumen.But it's saving energy and shaving a significant amount of greenhouse gases from the production of every barrel."Behind the scenes, the development of these technologies is always happening," said Vicki Lightbrown of Alberta Innovates, one of several partners in the project now being [Read more]
Headlines
Maple Leaf Royalties Corp. Enters Agreement to Purchase Oil and Gas Assets
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement with Maple Leaf 2012-II Energy Income Limited Partnership ("Vendor") pursuant to which it has agreed to acquire various royalty interests and non-operated working interests in a total of 17 oil and natural gas wells in Alberta and Saskatchewan (the "Acquired Assets") in consideration of the [Read more]
Touchstone Announces Total Proved Plus Probable Reserves of 17.8 Million Boe
CALGARY, ALBERTA--(Marketwired - March 24, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces the results of the independent December 31, 2014 reserve evaluation (the "Reserves Report") with respect to the Company's crude oil and natural gas reserves in Canada and the Republic of Trinidad and Tobago ("Trinidad"). Amounts herein are in Canadian dollars unless otherwise stated. Touchstone's year-end reserves were evaluated by independent reserves evaluator [Read more]
Twin Butte Energy announces 2014 year end financial and operating results: Record cash flow, executive appointment
CALGARY, March 23, 2015 /CNW/ - (TSX: TBE) - Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2014, along with year-end reserves, an operational update and executive appointment. Just under a year ago as part of a review of the Company's operations and opportunities, the Board of Directors initiated strategic changes to accelerate the transition of Twin Butte to a medium gravity, [Read more]
Cardinal Energy Ltd. Announces Fourth Quarter and 2014 Year-End Results
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2014 which marked the first full operating year for Cardinal as a public company. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended Year ended December 31 December 31 ($000's except shares, per share and per boe [Read more]
Striker Exploration Corp. Announces 2014 Year-End Reserves and Provides Operations Update Including Details of Belly River Acquisition
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to provide a summary of its 2014 year-end reserves and an update of operations, including details of a recent acquisition. The highlights and reserves summary below sets forth Striker's gross reserves as at December 31, 2014, as evaluated in an independent report prepared by GLJ Petroleum Consultants Ltd. ("GLJ") dated March 19, 2015 (the "GLJ Report"). [Read more]
Toro Oil & Gas Ltd. Provides 2014 Year-End Reserves
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce the results of its independent reserve evaluation by Sproule Associates Limited ("Sproule") as of December 31, 2014. The evaluation includes the recently acquired Hamilton Lake core property in addition to the legacy assets assumed through the recapitalization of Kallisto Energy Corp ("Kallisto") on October 1, 2014. With the recapitalization and subsequent [Read more]
‘Go big’: Inside the $24 million, two-year federal plan to market Canadian oil
WASHINGTON D.C., United States - The multimillion-dollar campaign to market Canadian oil in the U.S. was hard to miss.The Maple Leaf was plastered on the walls of subway stops in Washington, D.C., and it popped up in all sorts of American publications with messages like, "America's Best Energy Partner," and "Friends and Neighbors."Documents obtained by The Canadian Press offer a peek at the behind-the-scenes strategic considerations in 2013, as the federal government conducted a $1.6-million [Read more]
LGX Oil + Gas Inc. comments on recent market activity
CALGARY, March 20, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) wishes to comment on the unusual recent market activity in its stock. Although it is generally the Company's policy to not comment on market rumours or activities, the Company advises that it is not aware of any undisclosed material change that would account for the recent market activity. As previously disclosed, the Company intends to release its annual operational and financial results for 2014 on March [Read more]
US oil and natural gas rig count drops by 56 to 1,069, Texas down 36, with oil price slump
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 56 this week to 1,069 amid slumping oil prices.Houston-based Baker Hughes said Friday 825 rigs were seeking oil and 242 exploring for natural gas. Two were listed as miscellaneous. A year ago, 1,803 rigs were active.Among major oil- and gas-producing states, Texas lost 36 rigs and Louisiana 18. New Mexico declined by five, North Dakota and Ohio each dropped three [Read more]