CALGARY, ALBERTA--(Marketwired - May 8, 2017) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the quarter-ended March 31, 2017. Financial and Operating Highlights Reported sales volumes for the first quarter of 2017 increased 11 percent to 25,133 Boe/d (38 percent liquids) as compared to 22,565 Boe/d (32 percent liquids) for the fourth quarter of 2016. The increase was attributed primarily to new well production coming on [Read more]
Headlines
Gibsons Reports Financial Results for First Quarter 2017 and Pending Retirement of CEO
CALGARY, ALBERTA--(Marketwired - May 8, 2017) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today its operating and financial results for the three months ended March 31, 2017. The Company also announced the pending retirement of its President and Chief Executive Officer, Stewart Hanlon. All financial figures are in Canadian dollars Highlights: (Comparisons made between fiscal Q1 2017 and fiscal Q1 2016 results, unless otherwise noted.) Combined Adjusted [Read more]
Front Range Announces Montney Test Results at East Pepper, Alberta
CALGARY, AB--(Marketwired - May 08, 2017) - Front Range Resources Ltd. ("Front Range" or the "Company") (TSX VENTURE: FRK) announces the results of the second well in its horizontal Montney winter drilling program. Both wells are located on the Company operated 44-section Pepper, Alberta land block (100% W.I.) and represent frontier Montney discoveries, some 42 kilometres from the next nearest producing horizontal Montney wells. The Company's first horizontal Montney well at East Pepper, [Read more]
Hemisphere Energy renews $12.5 million credit facility
TSX-V: HME VANCOUVER, May 8, 2017 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the renewal of its credit facility. Following the annual review with its lender, the borrowing base under Hemisphere's credit facility was reaffirmed and maintained at $12.5 million. All covenants and applicable margins on borrowing costs remain unchanged. As at May 5, 2017, the Company has drawn approximately $10.2 million on the credit [Read more]
Suncor files for approval of 160,000-bpd Lewis thermal oilsands project
CALGARY - Suncor Energy (TSX:SU) says it will apply this year for provincial regulatory permission to build a new Alberta oilsands project that could eventually produce up to 160,000 barrels per day. The Lewis project hasn't been officially sanctioned by Suncor, but the company says construction on its first phase may begin in 2024. The project is located about 25 kilometres northeast of Fort McMurray in northern Alberta. Suncor says it will consider using new [Read more]
Husky resumes clean up after major oil spill in Saskatchewan last summer
REGINA - Husky Energy is going to see how much more oil — if any — can be cleaned up from a major spill last July along the North Saskatchewan River. The company has started more shoreline cleanup and assessment of the leak, which spilled 225,000 litres of heavy oil mixed with diluent onto the bank of the river near Maidstone, Sask., last July. About 40 per cent reached the river and the oil plume flowed hundreds of kilometres downstream. About 93 per cent of the oil was cleaned [Read more]
Inter Pipeline Announces Strong First Quarter 2017 Financial and Operating Results
CALGARY, Alberta, May 08, 2017 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced strong financial and operating results for the three month period ended March 31, 2017. First Quarter Highlights Funds from operations (FFO) totalled $247 million, a 33 percent increase over first quarter 2016 FFO for the Natural Gas Liquids (NGL) processing business segment set a new record of $82 million, an increase of $58 million over the same period last year Net [Read more]
Yesterday’s evil, today’s green energy: the curious ethical transformation of hydroelectric power
When I was a kid, environmentalists were into fish. Other things too, but fish were a big deal. The world’s seas were being over-harvested and many eco-battles were being waged to save the natural habitats of fish and protect spawning grounds. The battle of good vs. evil at the time (or one of them anyway) was between nature lovers and greedy industrialists who were willing to dam rivers for hydroelectric projects. That was the choice at the time: a fight between money, development and the [Read more]
Madalena announces successful completion of its strategic alternatives process
(All dollar figures are expressed in United States Dollars, unless otherwise noted) CALGARY, May 8, 2017 /PRNewswire/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce the successful completion of the strategic alternatives process which it initiated in June of 2016. On May 8, 2017, Madalena entered into a series of agreements with Hispania Petroleum S.A., ("Hispania") a private, family-owned Spanish energy company which has operated in [Read more]
The “R” word sounds sour note in B.C.’s Northeast
Tyler Kosick’s family has been in the trucking business up north for decades and it’s fair to say he’s heard some pretty salty language in his day. But there’s one word floating around this election campaign that sounds particularly foul to him and a lot of other folks in communities with resource-based economies. That’s the “R” word. “R” in this case stands for “review” and when it’s coupled with “oil and gas subsidies” in the NDP platform, well… it’s like dropping an F-bomb in front of [Read more]