TSX-V: HME - VANCOUVER, Feb. 1, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce an increase to its term loan and subsequent development plans for the first quarter of 2018. Term Loan Hemisphere has amended its credit agreement with its third-party lender in order to increase the commitment amount available to Hemisphere on its multi-draw, non-revolving term loan facility (the "Term Loan") by US$5.0 million, bringing the aggregate [Read more]
Headlines
Heritage Resource Limited Partnership – Palliser Enchant Prospect
Palliser Enchant Prospect Heritage Resource Limited Partnership is marketing fee simple mineral rights for Lease on the Palliser Block. The prospect area identifies horizontal development opportunities in the Mannville and below base Mannville by using subsurface analog data. Highlights Enchant T14/15 R15/16 W4M ~15 contiguous sections of available PNG from Top Mannville to Basement* Partial 3D/2D Seismic coverage available for review. *Details found at [Read more]
Iron Bridge Resources Announces New Board of Director
CALGARY, Alberta, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Iron Bridge Resources Inc. (“Iron Bridge” or the "Company") (TSX:IBR) is pleased to announce the appointment of Mr. Marshall Abbott to the Board of Directors of Iron Bridge, effective February 1, 2018. Mr. Abbott of Calgary, Alberta, is an independent businessman with extensive oil and gas experience encompassing 35 years in a variety of founder and senior executive roles within both public and private upstream producers. After his initial [Read more]
U.S. oil production nears 47-year record as shale booms: Kemp
LONDON, Feb 1 (Reuters) - U.S. crude oil production topped 10 million barrels per day (bpd) in November, according to monthly estimates published by the Energy Information Administration on Wednesday. Crude output was the highest in 47 years and just 6,000 bpd below the record set in November 1970 (“Petroleum Supply Monthly”, EIA, Jan. 31). Production has doubled over the last 10 years, from a low of around 5 million bpd in 2007, reversing decades of decline since the 1970s. The most [Read more]
ConocoPhillips Reports Fourth-Quarter and Full-Year 2017 Results; Increases Quarterly Dividend by 7.5 Percent and Planned 2018 Share Repurchases to $2 Billion; Announces Preliminary 2017 Year-End Reserves and Bolt-On Transaction in Alaska
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported fourth-quarter 2017 earnings of $1.6 billion, or $1.32 per share, compared with a fourth-quarter 2016 net loss of $35 million, or ($0.03) per share. Excluding special items, fourth-quarter 2017 adjusted earnings were $0.5 billion, or $0.45 per share, compared with a fourth-quarter 2016 adjusted net loss of $0.3 billion, or ($0.26) per share. Special items for the current quarter were primarily driven by benefits from U.S. tax [Read more]
geoLOGIC Frac Data and Analytics Lunch & Learns
How are you currently incorporating frac analytics into your workflows? In today’s technology driven, cost-focused environment, completions optimization is crucial. Do you have the right data and the right tools to make the best possible decisions? At our upcoming Frac Data Analytics Lunch & Learn Sessions, we’ll explain what makes our data unique, provide relevant case studies and deliver workflow-based product demonstrations. Wednesday, February 21, 2018 from 8:30AM to 10AM [Read more]
Introducing the new Divestco.com
After months of hard work, Divestco is excited to announce the launch of our completely redesigned web site. The new Divestco.com provides fresh and updated information about our products and services, improved functionality and navigation, and it is fully optimized and responsive to work on any device - mobile to desktop. With a clean uncluttered modern design, we have made it easy for you to find the information you need quickly and easily. Our new web site will be updated on a regular basis [Read more]
Shell poised to dethrone Exxon in oil titans’ cash clash
LONDON (Reuters) - Royal Dutch Shell (RDSa.L) could usurp its largest rival Exxon Mobil (XOM.N) as the energy sector’s biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue. Chief Executive Ben van Beurden has made no secret of his desire to challenge the dominance of the world’s largest listed oil company after its $54 billion purchase of BG Group in 2016 catapulted Shell into second place in terms of production. The [Read more]
Pipelines, not carbon taxes, bigger factor in energy competitivess: report
OTTAWA - Canada's oil and gas producers are struggling to stay competitive with their U.S. counterparts because of the fight to expand pipeline capacity, says a new report from the C.D. Howe Institute. The analysis by associate director of research Benjamin Dachis is the first in what he says will become an annual comparison of Canada's oil and gas sector with its North American equivalents. The report comes just days before the federal government is expected to unveil how it [Read more]
Blackbird Energy Inc. Provides an Operational Update Including Estimated Monthly Sales Volumes, a Test Result From Its Pipestone/Elmworth Montney Play, Estimated Productive Capacity, and the Pending Tie-In of Non-Operated Wells
CALGARY, Alberta, Feb. 01, 2018 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce its estimated total corporate January sales production, the test results from its 1-20-70-7W6 Upper Montney Development well, an estimate of current behind-pipe productive capacity, details surrounding the pending tie-in of 5 (1.2 net) non-operated wells, and the continued expansion of Blackbird’s acreage. “A key objective for Blackbird has been to [Read more]