CALGARY, Alberta, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) today announces that it has closed the debt refinancing transaction previously announced on July 26, 2018. The transaction immediately extends the maturity of over one-third of the Company’s existing unsecured senior notes due 2020 (the “2020 Notes”) by three years, reduces outstanding debt by approximately $10.5 million prior to any new money advances, and sets the [Read more]
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New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Sep. 11 SIS Specialist - Triconex Cybertech Automation Inc. Edmonton Sep. 11 Field Operator Roska DBO Hinton Sep. 11 CLASS 1 DRIVER (FLUID HAULER) - [Read more]
Tidewater announces increase to its existing credit facility and additional arrangement at Pipestone Montney plant
CALGARY, Sept. 11, 2018 /CNW/ - Credit Facility Increase Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has amended its existing Credit Facility (the "Amended Credit Facility") with its banking syndicate of six Canadian Financial Institutions (the "Syndicate"). The amendments provide additional stability to the Corporation's financial position. Pursuant to the Amended Credit Facility, total availability under the [Read more]
Well lifecycle Reporting Tool Challenges the Norm
Why should you change your well lifecycle reporting? No doubt you are thinking about the headaches of switching to or implementing a new solution. You may consider your current approach and technology “good enough”. The truth is -- your current software is holding you back. Legacy applications lead to expensive capital overhead, IT complications, and poor user experiences, which are preventing you from operating lean, efficiently, and competitively in a changing market. Don’t let your legacy [Read more]
Never before has the term International Unconventional been more appropriate; from NAFTA to Carbon Tax all questions revolve around how do we thrive in an era of such disruption
Recently the Canadian news headlines have been filled with terms like “Chapter 19", “Cultural Exemption”, and “Supply Management System.” What are the implications of the United States trade policy on the oil and gas sector, what do we know about the imposition of new U.S. “safeguard” tariffs and Canada’s surtax countermeasures, and how will they impact the oil & Gas company’s corporate tax and supply chain planning agendas? Transnational commerce is complex and businesses frequently [Read more]
Trans Mountain a frustrating, anger-inducing process for Alberta: premier
FORT MCMURRAY, Alta. - Alberta Premier Rachel Notley says the challenges facing the Trans Mountain pipeline expansion shows her province can do everything by the book and still get shortchanged. Notley says the recent Federal Court of Appeal decision quashing the expansion project has provoked frustration and anger in Alberta, but her government will continue to fight to get it built. She says without it, the ongoing pipeline bottlenecks will continue to cost Canada $40 million a day in a [Read more]
Pengrowth Provides Operations Update and Models Cash Flow in 2018, 2019 and 2020 at Various Crude Pricing
CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today provided a model of potential cash flows at various West Texas Intermediate Crude (“WTI”) pricing and updated investors on production as well as oil market access. All amounts are stated in Canadian dollars unless otherwise specified. Pengrowth also announced their participation in the Peters & Co. 2018 Energy Conference. “Production at Lindbergh and at the corporate [Read more]
Getting the Trans Mountain expansion back on track
For Prime Minister Justin Trudeau, the Federal Court of Appeal’s recent decision to overturn approval of the Trans Mountain pipeline expansion was a political thunderbolt that instantly derailed progress on one of his government’s most critical files. Luckily for the purveyor of sunny ways, the storm clouds came with a silver lining: a careful reading of the decision also offers some guidance on how his government can get Trans Mountain back on track. There have been no shortage of twists and [Read more]
AltaGas Announces the Sale of Non-Core Midstream and Power Assets
AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities opportunities as well as rapidly repay its bridge facility CALGARY, Sept. 10, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements for the sale of non-core midstream and power assets in Canada and power assets in the United States, for total proceeds of approximately $560 million. The proceeds from the sale of these assets will [Read more]
Prairie Provident Announces Further Princess Drilling Program Update
CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates is approximately 5,750 boe/d (75% liquids), with approximately 150 boe/d of additional production shut-in due to infrastructure capacity constraints at the Princess area. Based on current [Read more]