CALGARY, April 11, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") today announced that Gordon Trainor has been appointed Chief Operating Officer of Connacher. Mr. Trainor is a geologist with over 22 years of experience. Mr. Trainor has been Director, Engineering and Geosciences since December 2015 and prior to that was Connacher's Chief Geologist from 2012 to 2015. He has been responsible for all aspects of the Company's reserves, production, regulatory, land, [Read more]
Headlines
Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY - News that permitting issues in the U.S. would delay Enbridge Inc.'s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative ideas to expand Canada's ability to continue to get its oil to market. In a report to Natural Resources Minister Amarjeet [Read more]
Crescent Point Nominates New Directors for Board Election
CALGARY, April 11, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce that James E. ("Jim") Craddock and Jennifer F. Koury will stand for election to its Board of Directors (the "Board") at the Company's upcoming Annual General Meeting ("AGM"). "We're excited about having both Jim and Jennifer stand as new independent nominees," said Bob Heinemann, Chairman of the Board. "Through our search process, it was evident [Read more]
Last day to request your invitation to “Doing business after Redwater: A senior leaders’ roundtable on ARO”
XI Technologies Inc., a leader in data-driven oil and gas business solutions, will host an executive roundtable on April 18, 2019, at Calgary Petroleum Club. An expert panel will discuss the issues and business implications of the Supreme Court’s Redwater ruling, and what we can expect in the future. Panelists will include representatives from the areas of banking, legal, receivership, and accounting. This is an invitation-only event for senior leaders of oil and gas producers and trusts, [Read more]
Trump signs orders making it harder to block pipelines
CROSBY, Texas - President Donald Trump's support for shifting more power to states took a back seat Wednesday to his affinity for oil and gas production as he aimed to make it harder for states to block pipelines and other energy projects due to environmental concerns. At the urging of business groups, Trump signed two executive orders designed to speed up oil and gas pipeline projects. The action came after officials in Washington state and New York used the permitting process to stop new [Read more]
UCP’s Kenney takes pro-pipeline message to Fort McMurray, accuses NDP of selling out
FORT MCMURRAY, Alta. - United Conservative Leader Jason Kenney took his pro-pipeline message to the heart of Alberta's oilpatch Wednesday and promised to push back on policies he said are hollowing out Canada's core industry. Kenney told supporters at a rally in Fort McMurray that a UCP government would fight B.C. and Prime Minister Justin Trudeau's government if they continued to impede the oil sector. Kenney has promised he would go to court to fight proposed federal legislation on how [Read more]
Traverse Energy Announces 2018 Year End Results and Reserves
CALGARY, Alberta, April 09, 2019 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three months and years ended December 31, 2018 and 2017 and provides 2018 year end reserves information evaluated by Sproule Associates Limited (“Sproule”). Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2018 2017 2018 2017 Financial ($ thousands, except per [Read more]
Rethinking energy, rethinking industry – who’d have thought pucks would take centre stage?
It is very easy to get bogged down in energy wars. Conversations, even macro-type ones, often degenerate into debates about trees and not the forest – is this/that pipeline needed, is there a market for bitumen, etc. Energy talk devolves into these bite size pieces, and fixates on them, because that’s how Canada’s energy industry is attacked, so we must deal with the disinformation. There is a whole internet that needs convincing. But when that happens, it gets harder to think outside the [Read more]
Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants
CALGARY, Alberta, April 10, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility (the “Revolving Facility”). PPR has also finalized terms of amending agreements with Prudential Capital Group (“Prudential”) respecting its Revolving Facility and senior subordinated notes (the “Senior Notes”), which relax certain [Read more]
PetroShale Announces 2018 Financial and Operating Results Highlighted by Significant Reserves Increase
CALGARY, April 10, 2019 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three and twelve month periods ended December 31, 2018 and significant increases across all reserves categories as of December 31, 2018. The Company's audited consolidated financial statements and corresponding Management's Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on [Read more]