CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it has secured an additional $200 million to $250 million of growth capital opportunities, consisting of the sanction of one million barrels of new tankage at the Hardisty Terminal, the expansion of the Moose Jaw Facility and the acceleration of the U.S. strategy through the extension of the Pyote gathering system. “Our announcement today represents the continued [Read more]
Headlines
Gibson Energy Announces 2018 Second Quarter Results
All financial figures are in Canadian dollars CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today its operating and financial results for the three and six months ended June 30, 2018. Financial Highlights: Infrastructure segment profit of $68 million, an $11 million or 18% increase over the second quarter of 2017, primarily due to additional tankage entering service at the beginning of 2018 under take-or-pay, [Read more]
Zargon Oil & Gas Ltd. Provides 2018 Second Quarter Results and Provides Updated Guidance
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2018) Funds flow from operating activities of $0.58 million compared to a negative $0.30 million recorded in the prior quarter, and the positive $1.14 million reported in the second quarter of 2017. The increase from the prior quarter is primarily due to increased WTI prices and improved [Read more]
Bonterra Energy Corp. Announces Second Quarter 2018 Financial and Operational Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results as at and for the three and six months ended June 30, 2018. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website [Read more]
Peyto Announces Q2 2018 Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto” or the “Company") (TSX:PEY) is pleased to present its operating and financial results for the second quarter of the 2018 fiscal year. An annualized 9% return on equity (ROE) and 8% return on capital employed (ROCE) was delivered in the quarter by achieving a 72% operating margin (1) and a 19% profit margin (2), all while navigating through the lowest Alberta natural gas price environment in the [Read more]
Pine Cliff Energy Ltd. Announces Second Quarter 2018 Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2018 (the "Q2-Report"). Selected highlights are shown below and should be read in conjunction [Read more]
Yangarra Announces Second Quarter 2018 Financial and Operating Results
CALGARY, Aug. 8, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2018. Second Quarter Highlights Reached 10,000 boe/d of production at the end of the quarter. Average production of 7,570 boe/d (60% liquids) during the quarter an increase of 1% from the first quarter of 2018 and 33% increase from the same period in 2017. Oil and gas sales were $29.9 million, an [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2018 Financial & Operational Results; Acquisition of Unconventional Midale Focused Company; and Increase to 2018 Guidance
CALGARY, Aug. 8, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2018 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months [Read more]
Column: Death by Regulation
The writing is on the wall and the numbers are distressing to say the least. Foreign investment is fleeing from Canada and we are becoming an international investment pariah. Sadly, this trend should not surprise anybody as our national regulatory environment for large projects in the energy industry went from onerous to outright obscene. The Trudeau government is obsessed with adding unreasonable requirements for new business ventures and they have pushed things to the tipping point. Private [Read more]
Paramount Resources Ltd. Reports Second Quarter 2018 Results
CALGARY, Aug. 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount's sales volumes averaged 86,741 Boe/d in the second quarter of 2018. Liquids sales volumes averaged 31,057 Bbl/d and constituted 77 percent of total revenue. The Karr development averaged 54 percent liquids for the quarter and generated 55 percent of Paramount's total netback. The Company is on target to complete liquids handling projects that will increase Karr area raw liquids handling capacity to approximately 15,000 [Read more]