Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S. sanctions are poised to slash supplies of Iranian oil, the International Energy Agency said on Friday. "The recent cooling down of the market, with short-term supply tensions easing, currently lower prices, and lower demand growth might not last," the IEA, which oversees the energy policies of industrialised nations, said in a monthly report. Oil prices have rallied close to $80 per [Read more]
Headlines
Tamarack Valley Energy Ltd. Announces Record Second Quarter 2018 Production, Increased 2018 Production Guidance and Strong Capital Efficiencies Through First Half 2018
TSX: TVE CALGARY, Aug. 9, 2018 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements ("Financial Statements") for the three and six months ended June 30, 2018 and related management's discussion and [Read more]
Eagle Energy Inc. Announces Second Quarter 2018 Results and Previously Announced Sale of Twining Assets
CALGARY, Aug. 9, 2018 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") is pleased to report its financial and operating results for the second quarter ended June 30, 2018, as well as to reiterate the previously announced sale of its Twining assets. When reflecting on Eagle's second quarter and the Twining asset sale announcement, Wayne Wisniewski, President and Chief Executive Officer, stated, "Eagle continues to execute its previously announced plan to reduce debt and corporate [Read more]
Questerre reports second quarter 2018 results
CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2018. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We were blindsided by the Quebec government’s decision to attempt to ban hydraulic fracturing. We recently filed a brief with the government strongly objecting to this decision. Specifically [Read more]
InPlay Oil Corp. Announces Second Quarter 2018 Financial and Operating Results and Increases Production Guidance
CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and six months ended June 30, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2018 will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and our [Read more]
Enerplus Announces Second Quarter 2018 Results
CALGARY, Aug. 10, 2018 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce second quarter 2018 operating and financial results. The Company reported second quarter 2018 net income of $12.4 million or $0.05 per share. For the first six months of 2018, net income was $42.0 million, or $0.17 per share. HIGHLIGHTS Company production of 92,883 BOE per day in the second quarter Company liquids production was up 21% [Read more]
Altura Energy Inc. Announces Second Quarter 2018 Results, Operational Update and Two Leduc-Woodbend Light Oil Acquisitions
CALGARY, Alberta, Aug. 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 six months ended June 30, 2018 and an operational update on its eight-well drilling program in the Corporation’s Upper Mannville oil play at Leduc-Woodbend ("LWB"). In addition, the Corporation has closed an agreement (the "First Transaction") to acquire highly prospective Upper Mannville lands at LWB [Read more]
NuVista Announces Acquisition of Premium Pipestone Asset, $419 Million Equity Offering and Growth Plan to Over 110,000 Boe/d
CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce that it has entered into an agreement to acquire Cenovus Pipestone Partnership which holds assets in the Pipestone area of Northwest Alberta (the “Acquired Business”) for $625 million (the "Acquisition") before closing adjustments. The assets of the Acquired Business are situated primarily in the premium core of the condensate-rich Alberta Triassic Montney [Read more]
Chinook Energy Inc. Announces Second Quarter 2018 Results
CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its second quarter of 2018 financial and operating results. Our operational and financial highlights for the three and six months ended June 30, 2018 are noted below and should be read in conjunction with our unaudited condensed consolidated financial statements for the three and six months ended June 30, 2018 and 2017 and our related management’s discussion and [Read more]
Cenovus reaches agreement to sell Pipestone business for $625 million
CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta (the “Pipestone Business”) for cash proceeds of $625 million. The transaction also includes the Pipestone Business’s 39% operated working interest in the Wembley gas plant. The sale is expected to close in the third [Read more]