CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will move forward with a $2.4 billion expansion of its NGTL System to connect incremental supply and expand basin export capacity by one billion cubic feet of natural gas per day (Bcf/d) at the interconnection with its Canadian Mainline. NGTL recently completed an open season for existing and export capacity at the Empress/McNeill Export Delivery [Read more]
Headlines
Birchcliff Energy Ltd. Announces Unaudited 2017 Year-End and Fourth Quarter Results, 2017 Reserves Highlights and 2018 Capital Program
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce its unaudited 2017 year-end and fourth quarter financial and operational results, highlights from its independent reserves evaluations effective December 31, 2017 and its 2018 capital expenditure program. Birchcliff is also pleased to provide an operational overview and update. Message to Shareholders Birchcliff achieved record quarterly average production of 80,103 boe/d [Read more]
TransCanada Reports Record Financial Results for 2017
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per [Read more]
Encana delivers strong fourth quarter and 2017 results; company announces $400 million share repurchase program
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana delivered outstanding financial and operating results in the fourth quarter to close a year of strong, consistent performance. The company met or exceeded its 2017 guidance targets, generated net earnings of $827 million, cash from operating activities of $1.1 billion and expanded its non-GAAP cash flow margin by 81 percent from 2016. Encana is positioned to meet or exceed the targets outlined in its five-year [Read more]
Cenovus reports solid 2017 results
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) delivered strong cash from operating activities and adjusted funds flow in 2017. Through its continued focus on capital discipline and reliable operational performance, the company generated almost $1.3 billion in free funds flow last year. Cenovus also completed the divestitures of its legacy conventional oil and natural gas assets within its expected timeframe. Divestiture proceeds and cash on hand [Read more]
The Alberta Energy Regulator responds to changes in the oil and gas industry
Part of the AER’s new focus is to move to risk informed decisions and informed conversations – rather than prescribed interactions. This involves exploring different ways to approach services, moving away from prescriptions towards delivering outcomes using a collaborative approach and leveraging technological innovations. The broad journey the AER is on is to focus on the objectives that a company may want to achieve or need to achieve and make risk informed decisions that allow [Read more]
Peyto Announces 2017 Reserves With Producing Reserves Added at Lowest Cost Since 2003
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) is pleased to present the results and analysis of its independent reserve report effective December 31, 2017. The evaluation encompassed 100% of Peyto’s reserves and was conducted by InSite Petroleum Consultants (“InSite”). The year 2017 marks the Company’s 19th year of profitable reserves development. Reserves per share grew in all categories and producing [Read more]
Notley puts task force to work, vows to keep pressure on B.C. in pipeline fight
EDMONTON - Alberta Premier Rachel Notley put her 19-member task force to work Wednesday, tasked with continuing to take the fight to B.C. over the Trans Mountain oil pipeline. "We're going to keep the pressure on," Notley told reporters prior to convening the group's first meeting, in the cabinet room at the legislature. "These folks on our task force have deep connections across the country — industry, investors, academics, the legal community (and) all levels of government. [Read more]
Tourmaline Adds 558 Mmboe of 2P Reserves, Grows Liquid Reserves by 73% and 2P Reserve Value by $2.4 Billion¹
CALGARY, Feb. 14, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to report very strong total reserve growth, liquids reserve growth and a significant reserve value increase in the current declining natural gas price environment. The Company executed on the 2017 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in Company history. In addition, Q4 2017 cash flow(2) of $348.2 million exceeded Q4 capital [Read more]
Marksmen Announces Update on Leaman 1-H Horizontal Well
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSXV:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and Its wholly owned subsidiary, Marksmen Energy USA, Inc. are pleased to announce the following update on its Leaman 1-H Clinton Sandstone Horizontal well in Hocking County, Ohio. The well is being drilled in conjunction with our working interest partners and is operated by Hocking Hill Energy (“HHE”). Drilling of this well has been slower than expected due to very [Read more]