CALGARY, Aug. 6, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") announces that it has received a Statement of Claim filed by PricewaterhouseCoopers Inc. LIT ("PwC"), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. ("Sequoia"), with the Alberta Court of Queen's Bench (the "Court"), against Perpetual, Perpetual Operating Trust, Perpetual Operating Corp. and Susan Riddell Rose. The claim relates to an almost two year old transaction when, on [Read more]
Headlines
Canada Weekly Rig Count Unchanged From Last Week
Western Canada’s fleet of drilling rigs remained at 223 according to data collected by Baker Hughes for the week of August 3rd. From one week ago, Alberta rig counts increased from 150 to 156. Saskatchewan's rig count decreased from 52 to 46. Oil drilling went from 154 to 152; natural gas rigs increased from 69 to 71. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. oil drillers cut rigs for second week in three
Aug 3 (Reuters) - U.S. energy companies this week cut oil rigs for a second time in the past three weeks as the rate of growth has slowed over the past couple of months with recent declines in crude prices. Drillers cut two oil rigs in the week to Aug. 3, bringing the total count down to 859, 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 higher than a year ago when 765 rigs [Read more]
Oil prices pull back as trade tensions weigh on market
NEW YORK (Reuters) - Crude futures pulled back on Friday, giving up gains from the previous session as trade concerns weighed on the market and fueled concerns about demand. U.S. West Texas Intermediate (WTI) crude futures were down 75 cents at $68.21 a barrel by 12:08 p.m. EDT. Brent crude futures were at $73.05 per barrel, down 40 cents from their last close. Both grades briefly traded down more than $1 a barrel. U.S. crude is on track to end the week down 0.2 percent, while Brent has [Read more]
Hundreds line up for gushing West Texas oil jobs
ODESSA, TEXAS (Reuters) - Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We need to hire you is our message,” said Chris Redman, a field services manager with Summit ESP, which Halliburton acquired last year. More than 500 men and women flocked to the hotel in Odessa, Texas, on a Thursday last month to be courted by Halliburton, which needs people to handle [Read more]
Canada crude differential seen staying high as refiners take downtime
The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated with pipelines strained and the refiners who buy it going offline for maintenance, industry officials say. Western Canada Select (WCS) oil traded on Tuesday for $34.15 per barrel less than West Texas Intermediate light oil , the biggest differential since November 2013, according to Shorcan Energy Brokers. The differential reduces the benefits of otherwise recovering global [Read more]
Perpetual Energy Inc. Releases Second Quarter 2018 Financial and Operating Results
CALGARY, Aug. 2, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its second quarter 2018 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2018 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR [Read more]
Advantage Announces Second Quarter 2018 Operating & Financial Results
Commissioning of Glacier Gas Plant Expansion to 400 mmcf/d Creates Significant Available Processing Capacity for Future Growth (TSX: AAV, NYSE: AAV) - CALGARY, Aug. 2, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") successfully commissioned its major gas plant expansion project in the second quarter of 2018 at the Corporation's 100% owned Glacier sour gas facility. This is a strategic milestone in the development of Advantage's Montney resource as our [Read more]
Enbridge Inc. Reports Strong Second Quarter 2018 Results and Significant Progress on Strategic Priorities
CALGARY, Aug. 3, 2018 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE: ENB) today reported second quarter 2018 financial results and provided a quarterly business update. SECOND QUARTER 2018 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) GAAP earnings were $1,071 million or $0.63 per common share for the second quarter, compared to $919 million or $0.56 per common share in the second quarter of 2017, both [Read more]
Pengrowth Reports Second Quarter Results With 16% Increase in Average Daily Production and 40% Increase in Adjusted Funds Flow Since Q1 2018
CALGARY, Alberta, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and six months ended June 30, 2018. Unless otherwise indicated, financial figures are expressed in Canadian Dollars. "We continue to execute on the multi-year development plan we launched on June 26th of this year. The eight infill wells that were completed at Lindbergh in the second quarter started steam stimulation last week," said [Read more]