CALGARY, Nov. 12, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2014. Third Quarter Highlights Production for the quarter was 3,039 boe/d (48% oil and NGL's), a 36% increase from the same period in 2013 and a 17% increase from the previous quarter. Oil and gas sales, after royalties, were $13.6 million with funds flow from operations of $9.3 million ($0.16 per [Read more]
Headlines
RMP Energy Announces Strong Third Quarter Financial Results Underpinned by Record Quarterly Production
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce its financial and operating results for the three months ended September 30, 2014, highlighted by record average daily production of 13,074 barrels of oil equivalent generating funds from operations of $48.0 million ($0.39 per basic share) and net earnings of $18.2 million. Detailed third quarter and nine month results are as follows: Financial Highlights Three [Read more]
Painted Pony Announces $50 Million Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including FirstEnergy Capital Corp., Canaccord Genuity Corp., RBC Capital Markets, TD Securities Inc., AltaCorp Capital Inc., CIBC World Markets Inc., Scotia Capital Inc. and National Bank Financial Inc. (collectively the "Underwriters") under [Read more]
Peyto Reports Record Quarterly Results, 2015 Capital Budget, and Dividend Increase
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) is pleased to present its operating and financial results for the third quarter of the 2014 fiscal year. Record production and funds from operations were achieved in the quarter along with operating(1) and profit margins(2) of 79% and 33%, respectively. Additional highlights include: Production per share up 33%. Third quarter 2014 production increased 38% (33% [Read more]
Painted Pony Petroleum Announces Northeast BC Montney Land Acquisition and Third Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce a recent acquisition of northeast British Columbia Montney land and third quarter 2014 financial and operating results from its Montney natural gas growth initiatives. Current and third quarter 2014 highlights include: Acquisition at a recent Crown land sale of 14.5 sections (100% working interest) northeast BC Montney lands, directly [Read more]
Enbridge executive in charge of Northern Gateway project to retire
CALGARY - Enbridge Inc. (TSX:ENB) said Wednesday that the executive in charge of its controversial Northern Gateway pipeline project will retire at the end of the year.Janet Holder has been executive vice-president for Western Access since 2011 and head of the team overseeing the pipeline project.Enbridge said leadership of the Northern Gateway project will continue under John Carruthers, president of Northern Gateway Pipelines.Carruthers will report to Byron Neiles, senior vice-president of [Read more]
Birchcliff Energy Ltd. Announces Strong Third Quarter Results, 2019 Five Year Plan and Confirms 2014 Production Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce strong financial and operational results for the third quarter of 2014 with record third quarter production, funds flow and earnings and record low total cash costs per boe. Birchcliff is also pleased to announce its 2019 Five Year Plan. The full 2014 Third Quarter Report, containing the unaudited interim condensed financial statements for the three and nine month periods [Read more]
Keystone XL showdown imminent in U.S.: oil-friendly Dems push for immediate vote
WASHINGTON - Six years of delay and debate over the controversial Keystone XL pipeline may be finally nearing an end.In a moment of high political drama Wednesday, supporters of the long-stalled, Canadian-linked oil project demanded an imminent vote in the United States Congress.They appeared to get their wish. A key vote is expected early next week.The results of the U.S. midterm elections had prompted widespread expectation that the new Republican-dominated, oil-friendly Congress might pursue [Read more]
Judge rules Alberta can be sued over fracking allegations, province may appeal
ROSEBUD, Alta. - A judge has ruled an Alberta woman can sue the provincial government over hydraulic fracturing that she says has so badly contaminated her well with methane that the water can be set on fire.Jessica Ernst began legal action against Alberta's energy regulator and Calgary-based energy company Encana (TSX:ECA) in 2007, and amended her statement of claim in 2011 to include Alberta Environment.She alleges fracking on her land northeast of Calgary released hazardous amounts of [Read more]
Kinder Morgan pipeline debate looms over civic elections in Vancouver area
VANCOUVER - Mixed in with the usual debates about property taxes and public transit, pipeline politics have made their way into Vancouver-area municipal election campaigns, with candidates weighing in on a plan to expand an existing line from Alberta's oilsands.The fate of Kinder Morgan's proposal to triple the capacity of its Trans Mountain pipeline ultimately rests with the National Energy Board and the federal government, and that process is far from complete.But the project has nonetheless [Read more]