[table] [attr style="width: 24%"]Product`[attr style="width: 24%"]December 21`[attr style="width: 24%"]December 14`[attr style="width: 14%"]Change`[attr style="width: 14%"]% Change Crude Oil`371,059`371,645`-586`-0.2% Gasoline`223,104`219,322`+3,782`+1.7% Distillate`119,393`116,970`+2,423`+2.1% Propane`68,850`69,223`-373`-0.5% Jet Fuel`38,622`39,305`-683`-1.7% Unfinished Oils`82,321`82,536`-215`-0.3% Residual Fuel Oil`36,832`37,073`-241`-0.7% [attr style="font-weight:bold"]Total`[attr [Read more]
Headlines
Encana to Sell Its Interest in Proposed Kitimat Liquefied Natural Gas Export Terminal
Encana Corporation has agreed to sell its 30 percent interest in the proposed Kitimat liquefied natural gas (LNG) export terminal project to Chevron Canada Limited (Chevron), subject to regulatory approvals and post-closing adjustments. Included in the sale are Encana''s 30 percent interest in the associated Pacific Trail Pipelines as well as approximately 32,500 acres of undeveloped land in the Horn River Basin of northeastern British Columbia and the assumption of Encana''s take-or-pay [Read more]
Pengrowth Announces Sale of Non-Core Weyburn Asset
Pengrowth Energy Corporation today announced that it has an agreement in place to sell its 10.01952% working interest in its non-operated Weyburn property to OMERS Energy Inc. and Ontario Teachers'' Pension Plan. Total proceeds, subject to closing adjustments, are expected to be $315 million. These funds will be used to help finance the initial phase of the Lindbergh thermal bitumen project and in the interim, used to reduce debt. On a pro-forma basis, the Weyburn disposition will result in [Read more]
Crew Energy Announces Closing of Strategic Transactions in Northeast British Columbia
Crew Energy Inc. of Calgary, Alberta is pleased to announce that it has closed the previously announced asset transactions resulting in the further strategic consolidation of Montney lands within the Septimus/Groundbirch corridor proximal to Company infrastructure. The transactions had an effective date of December 1, 2012 and resulted in net proceeds to the Company of $86 million before closing adjustments. The net proceeds were used to reduce bank indebtedness. The closing of these [Read more]
Oil prices drop as much as $2 a barrel as US budget talks stall days before ‘fiscal cliff’
By The Associated Press NEW YORK, N.Y. - Oil prices fell as much as $2 a barrel Friday as doubts grew about whether political leaders in Washington could reach a deal on the budget before a package of tax hikes and spending cuts automatically kicks in with the new year. If Republicans and Democrats don't work out a compromise in the next 10 days, the U.S. could go over the so-called "fiscal cliff," a reference to hundreds of billions of dollars in tax increases and government spending cuts [Read more]
VIDEO: Fracking the Montney
Painted Pony Announces Closing of $172.5 Million Bought Deal Equity Financing
Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce that it has closed its previously announced bought deal financing (the "Offering"). Pursuant to the Offering, the Company has issued a total of 16,997,000 common shares in the capital of the Company ("Common Shares"), which included the full exercise of the over-allotment option granted to the underwriters of the Offering. All of the Common Shares were issued at a price of $10.15 per Common [Read more]
Oil prices drop as talks stall between Obama and Republican leaders to avert a ‘fiscal cliff’
By The Associated Press NEW YORK, N.Y. - Oil closed above $90 a barrel for the first time in two months Thursday as it tracked an upward move in U.S. stock markets. Benchmark crude for February delivery ended the day at $90.13 per barrel, up 15 cents, on the New York Mercantile Exchange. Brent crude, used to price international varieties of oil, dropped 16 cents to finish at $110.20 per barrel in London. Meanwhile, gasoline prices continued to drop, while natural gas prices [Read more]
Aroway Energy Inc. Prepares to Complete First Oil Well at Kirkpatrick Lake
Aroway Energy Inc. [stock arw.v] is pleased to announce it has drilled, cased and logged its first well on its 100% owned and operated Kirkpatrick Lake property in Central, Alberta. The well was drilled to a total depth of 1,132 meters targeting the Ellerslie formation. The rig will soon move on to the Company''s second exploration location also targeting oil in the Ellerslie formation with drilling operations expected to begin in the next few days. Drilling is expected to be completed before [Read more]
Anderson Provides Operations Update
Anderson Energy Ltd. [stock axl.to] provides the following operations update. EDMONTON SANDS FARM-IN AGREEMENT Anderson continues to focus on its light oil development prospects. The Company has reached an agreement in principle to terminate its commitment to drill 74 Edmonton Sands natural gas wells. In consideration for the termination of the commitment, the Company will convey to the farmor a 25% carried interest in four Cardium horizontal light oil wells that have been drilled or will [Read more]