U.S. President Donald Trump on Friday blasted a federal judge's decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade. The ruling out of U.S. Court in Montana on Thursday dealt a major setback to TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline. It was also a blow to Trump, who approved the pipeline shortly after [Read more]
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Cequence Energy Announces Third Quarter 2018 Financial Results
CALGARY, Nov. 8, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and nine-month periods ended September 30, 2018. The Company's Condensed Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Third quarter and subsequent Company highlights include: Achieved average quarterly production of [Read more]
Paramount Resources Ltd. Reports Third Quarter 2018 Results
CALGARY, Nov. 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Sales volumes averaged 80,471 Boe/d in the third quarter of 2018, including 29,831 Bbl/d or 37 percent liquids. Production was impacted by scheduled turnarounds at a third-party facility in Karr and Paramount's 8-9 facility in Kaybob, as well as the Resthaven/Jayar sale. In addition, an extended commissioning period for the Kaybob Smoky 6-16 plant expansion delayed the start-up of 4 (4.0 net) new Duvernay wells until early-November. [Read more]
Eagle Energy Inc. Announces Third Quarter 2018 Results
CALGARY, Nov. 8, 2018 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") is pleased to report its financial and operating results for the third quarter ended September 30, 2018. When reflecting on Eagle's third quarter and the Twining asset sale, Wayne Wisniewski, President and Chief Executive Officer, stated, "Eagle continues to execute its previously announced plan to reduce debt and corporate costs. To the end of September, and excluding one-time costs associated with the Salt [Read more]
Enerplus Announces Third Quarter 2018 Results
CALGARY, Nov. 9, 2018 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today reported its third quarter 2018 operating and financial results. The Company's third quarter 2018 net income was $86.9 million or $0.35 per share. For the first nine months of 2018, net income was $129.0 million, or $0.53 per share. HIGHLIGHTS Total production of 96,861 BOE per day in Q3, up 4% from the prior quarter Liquids production of 53,430 barrels per day in [Read more]
Razor Energy Corp. Announces Third Quarter 2018 Results, Guidance Revision and Executive Appointment
CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce its third quarter 2018 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended September 30, 2018 which are available on SEDAR at www.sedar.com and the [Read more]
Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2018
CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three and nine months ended September 30, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 (CA$ thousands, except as otherwise [Read more]
Delphi Energy Corp. Announces Close of $15 Million Note Financing
CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed its previously announced financing comprised of the sale of 15,000 senior secured notes (the “Notes”), each with a principal amount of $1,000 and a 10 percent coupon, for gross proceeds of approximately $15.0 million. The Notes were sold, on a private placement basis, to Luminus Management, LLC (“Luminus”) and are subject to a statutory hold period of [Read more]
Altura Energy Inc. Announces Third Quarter 2018 Results, Material Operating Cost Reduction and Record Corporate Production
CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. The unaudited interim condensed consolidated financial statements, and related management’s discussion and analysis ("MD&A") will be available at www.sedar.com and www.alturaenergy.ca. Selected financial and operating information for the three and nine months [Read more]
Questerre Energy Corporation: Kakwa North well tests at 2,900 boe/d
CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on the test results from its Kakwa North acreage. The operator recently completed the first well, 103/16-29-063-6W6M well (the "103/16-29 Well"), with a 3000m horizontal leg in the Montney Formation. During the last 24 hours of a 210-hour production test, the 103/16-29 Well flowed at an average rate of 11.6 MMcf/d of natural gas and 990 bbls/d of [Read more]