CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its first quarter operating and financial results for the period ended March 31, 2018. PRESIDENT’S MESSAGE First Quarter 2018 Highlights: Total revenues of $67.9 million comprised of royalty production revenues of $64.1 million and other revenues of $3.8 million for the first quarterAverage royalty production of 23,536 BOE per day (47% liquids) for [Read more]
Headlines
Canada to oppose Alaska oil drilling on caribou habitat: minister
Three levels of Canadian government say they will oppose the latest attempt to open the Alaska National Wildlife Refuge to oil drilling. "Canada supports the continued conservation of the Porcupine caribou herd's habitat, including in the Arctic refuge, and opposes opening this area to resource development," said Global Affairs Canada spokesman John Babcock. "The federal, territorial and Indigenous governments in Canada are united in their commitment to conservation of the herd [Read more]
Torchlight Energy Resources, Inc. Announces Closing of Underwritten Public Offering of Common Stock and Full Exercise of Underwriter’s Option to Purchase Additional Shares
PLANO, TX--(Marketwired - April 23, 2018) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $1.15 per share, including 750,000 shares sold pursuant to the underwriter's exercise in full of its [Read more]
Minnesota judge to rule on Enbridge Energy’s Line 3 project
MINNEAPOLIS - An administrative law judge faced a Monday deadline for recommending whether Minnesota regulators should approve Enbridge Inc.'s proposal for replacing its aging Line 3 crude oil pipeline across northern Minnesota. The proposal has drawn strong opposition because the line would carry oilsands crude from Alberta across environmentally sensitive areas in the Mississippi River headwaters region where American Indians harvest wild rice and hold treaty rights. Administrative Law [Read more]
PetroShale Announces Financial and Operating Results and Reserves for the Year Ended December 31, 2017
CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSX-V:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and twelve month periods ended December 31, 2017, along with updated petroleum reserves as of December 31, 2017. PetroShale will file its audited consolidated financial statements and the corresponding Management’s Discussion and Analysis (“MD&A”) as at and for the year ended December 31, 2017, [Read more]
Trump’s revenge: U.S. oil floods Europe, hurting OPEC and Russia
MOSCOW/LONDON (Reuters) - As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices LCOc1 close to four-year highs. Now, the relatively high prices [Read more]
Climate change lawsuits: Apple’s famous totalitarian 1984 commercial is now our life, and shut-in pipelines are the only hammer
A recent fad in the US has certain jurisdictions suing oil producing companies for the effects of climate change. The latest is a group of counties in Colorado, who, according to this piece on the Union of Concerned Scientists website, have decided to hold two companies responsible for their weather-related woes because they produce, process and sell gasoline in their communities. When reading about such events, a basic human instinct kicks in, much like when we see a baby kitten in distress. [Read more]
Strategic Oil & Gas Ltd. Announces New President & CEO
CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to announce that Tony Berthelet will be joining the Company as President and Chief Executive Officer and will join the Board of Directors effective May 21, 2018. Mr. Berthelet most recently served as Vice-President, Development and Operations with an intermediate publicly-traded oil and gas company in Calgary. During his tenure Mr. Berthelet successfully led a [Read more]
MEG Energy Announces Bill McCaffrey, Co-founder, Director, President & CEO is Retiring
CALGARY, April 23, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") reports that after 19 years, Bill McCaffrey will be retiring from his role as President & Chief Executive Officer as well as from the Board of Directors following the company's Annual General Meeting on May 31, 2018. Harvey Doerr, a member of MEG's Board of Directors, will act as interim CEO during the search process for a permanent replacement. Bill has agreed to act as an advisor to the [Read more]
Federal environment minister defends BP Canada’s plans to drill in N.S.
HALIFAX - Federal Environment and Climate Change Minister Catherine McKenna is defending BP Canada's plans to drill an exploration well roughly 330 kilometres off the coast of Halifax. On Saturday, the Canada-Nova Scotia Offshore Petroleum Board granted the oil and gas company permission to start drilling. McKenna touched on the issue briefly on Sunday during a press conference for the federal government's new public consultation platform on plastics and waste. She said BP's project has [Read more]