CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("Chinook" or the "Company") (TSX: CKE) today announced its unaudited 2018 year end results and the results of its year end reserve evaluation effective December 31, 2018 as prepared by its independent evaluator. Chinook's audit of its 2018 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news release are unaudited and represent management's estimates. [Read more]
Headlines
$300K in damage: Calgary men charged after copper wire thefts from oilwell sites
CALGARY - Two Calgary men face multiple charges after thefts of copper wire and tools at several rural oilwell sites. Police say about $300,000 in damage was caused by thieves who cut the wire out of buildings. The Calgary Police Service says it worked with RCMP to track, locate and arrest two suspects. Pieces of unstripped copper wire and heavy equipment tools, including bolt cutters and power tools, were found in a vehicle. Brian Tanner, who is 43, and Jonathan [Read more]
Encana and Newfield’s strategic combination receives shareholder approvals
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) and Newfield Exploration Company (Newfield) (NYSE: NFX) announced that the proposals necessary for the companies’ planned strategic combination were approved at the special shareholder meetings held today. The transaction will create North America’s premier resource company. The transaction is expected to close on February 13, 2019, subject to satisfaction of remaining customary closing conditions. [Read more]
Tidewater Midstream and Infrastructure Ltd. – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) with the sale or farmout of certain oil and natural gas interests located in the Montney resource play region of northeastern British Columbia (the “Properties”). The Properties offer production potential from multiple reservoirs alongside key Tidewater infrastructure with substantial drilling upside in the Montney Formation. The Properties are connected to an [Read more]
Advantage Announces 2018 Year-End Reserves & Operations Update
221% Production Replacement Led By 22% Increase in Liquids Reserves (TSX: AAV) CALGARY, Feb. 11, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report its 2018 reserves and an operational update on the Corporation's liquids development plan. Advantage's 2018 proved plus probable ("2P") reserve additions replaced 221% of annual production through drilling successes in all of the Corporation's land blocks and through positive technical revisions [Read more]
Marksmen Announces Proposed Private Placement
CALGARY, Alberta, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it plans to complete a non-brokered private placement of up to 4,650,000 units (the “Units”) of Marksmen at a price of $0.10 per Unit for aggregate gross proceeds of up to a maximum of $465,000 (the “Offering”). There is no minimum Offering. The Units will be comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant (“Warrant”) of [Read more]
Heavy crude discount narrows even as part of Keystone stays shut
Canadian heavy oil differentials narrowed slightly against the West Texas Intermediate (WTI) benchmark on Monday even as a portion of TransCanada's Keystone pipeline remained shut while officials searched for the source of a leak in Missouri:* Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, settled at $11 a barrel below WTI crude futures slightly narrower than Friday's settle at $11.45 below WTI, according to Net Energy Exchange.* A portion of [Read more]
PrairieSky Announces 2018 Fourth Quarter and Year End Results; Maintains Dividend at $0.78 Per Share
CALGARY, Alberta, Feb. 11, 2019 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its fourth quarter ("Q4 2018") and year-end operating and financial results for the period ended December 31, 2018. In addition, PrairieSky’s Board of Directors has confirmed the annual dividend of $0.78 per share for the upcoming year. PRESIDENT’S MESSAGE Fourth Quarter 2018 Highlights: Average royalty production of 23,506 BOE per day included 3% [Read more]
Part of Keystone pipeline still shut after Missouri leak -TransCanada
TransCanada Corp said on Monday a part of its Keystone crude pipeline from Steele City, Nebraska, to Patoka, Illinois, remained shut after a leak was discovered in the St. Louis, Missouri, area last week.The cause and source of the spill have not been determined and there is no estimated timeline for a restart, TransCanada spokesman Terry Cunha said in an email. The 590,000 barrels-per-day Keystone pipeline system is a critical artery taking Canadian crude from northern Alberta to U.S. [Read more]
In Two Weeks Time: Cost-Effective Well Site Facilities Canada 2019
With just two weeks until Cost-Effective Well Site Facilities Canada takes place in Calgary (February 27-28), more new technical content has been added to the first day of the conference agenda, including presentations led by Canada’s Methane Emissions Leadership Alliance and a Modularization discussion led by Lime Rock Resources’ Facilities Engineer Don Sevier. One key goal for the Canadian operator is to reduce construction time - one of the main costs with well site facilities. However if [Read more]