CALGARY, Alberta, May 22, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an update in advance of its Annual General Meeting scheduled for 3:00 p.m. Mountain Time today at the Calgary Petroleum Club. Delphi has carried out a very active capital program at its Bigstone Montney property since the start of 2017, drilling and completing 22 gross (14.3 net) new horizontal wells with 100 percent success, bringing the total Company operated wells [Read more]
Headlines
Huge Finning Cat Surplus Equipment Auction To Take Place May 30
Notley to skip premiers conference so she can focus on pipeline deal
EDMONTON - There won't be any fireworks between the premiers of Alberta and British Columbia at the Western premiers conference this week, because Alberta Premier Rachel Notley isn't going. B.C.'s John Horgan and Notley, who have butted heads over the Trans Mountain pipeline project, were both scheduled to be in Yellowknife at the conference, which starts Tuesday. But Cheryl Oates, a spokeswoman for Notley, says in an email Monday afternoon that Notley will be staying in Alberta [Read more]
Trans Mountain pipeline won’t cause tension with Notley at meeting: Horgan
LANGFORD, B.C. - The premiers of British Columbia and Alberta will join their counterparts from Western Canada and the North at meetings next week in Yellowknife, but John Horgan doesn't expect any drama over the Trans Mountain pipeline expansion project. Horgan acknowledges he and Alberta's Rachel Notley have differences on the pipeline, but he said Friday they are in agreement on a number of other matters and have been friends for 20 years. The ongoing tensions over the Trans Mountain [Read more]
Cona Resources Ltd. Announces Shareholder Approval and Closing of Plan of Arrangement with Waterous Energy Fund
CALGARY, May 18, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) is pleased to announce that the previously announced plan of arrangement (the "Arrangement") involving certain affiliates of Waterous Energy Fund, Cona and Cona shareholders closed today under section 193 of the Business Corporations Act (Alberta). Pursuant to the Arrangement, certain affiliates of Waterous Energy Fund have acquired all of the issued and outstanding common shares of Cona ("Common Shares") [Read more]
Canada Weekly Rig Count up 4 to 83
Western Canada’s fleet of drilling rigs went down 7 to 79 according to data collected by Baker Hughes for the week of May 18th. From one week ago, Alberta rig counts remained at 62 Saskatchewan's rig count increased from 4 to 6. Oil drilling went from 32 to 38; gas rigs went from 47 to 45. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. oil rig count holds steady after six weeks of gains
May 18 (Reuters) - The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record amounts of oil, especially from shale. The total oil rig count held at 844 in the week to May 18, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is much higher than a year ago when 720 rigs were [Read more]
Prices at the pump headed higher as long weekend brings out Canadian drivers
CALGARY - Motorists in many parts of Canada are expected to see rising gasoline prices as they fire up their vehicles for road adventures on the Victoria Day long weekend. But price direction will vary across the nation, said fuel market analyst Dan McTeague of GasBuddy.com, with prices rising in Ontario, the Maritimes, Manitoba and Saskatchewan but actually expected to fall from recent peaks in Alberta and Quebec. He says prices for regular gasoline in Toronto, Hamilton, Ottawa and most [Read more]
Razor Energy Corp. Announces First Quarter 2018 Results and Retains Alliance Capital Partners
CALGARY, Alberta, May 17, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV:RZE) is pleased to announce its first 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 March 31, 2018 which are available on SEDAR at www.sedar.com and the [Read more]
Petrus Resources Announces Term Loan Extension and Credit Facility Update
CALGARY, Alberta, May 17, 2018 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce a one year extension of its second lien term loan maturity date and the completion of the 2018 annual review of its revolving credit facility ("RCF"). SECOND LIEN TERM LOAN Petrus has entered into an agreement with Macquarie Bank Limited (the "Term Loan Lender") to extend the maturity date of the Company’s $35 million second lien term loan from October 8, [Read more]