CALGARY, Jan. 15, 2018 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to confirm full year 2017 production ahead of guidance and provide an operational update, including preliminary results from our four well pad in Willesden Green. David French, President & CEO commented, "2017 was a great year for Obsidian Energy. We repositioned the development portfolio, effectively responded to a volatile commodity and currency [Read more]
Headlines
Razor Energy Corp. Announces Consolidation Acquisition in the Kaybob Area of West Central Alberta and Increased Term Loan Facility
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2018) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that it has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm's length company (the "Kaybob Assets") for cash consideration of $4.9 million, subject to customary adjustments (the "Acquisition"). The Kaybob Assets are characterized by low [Read more]
Keyera Announces the startup of the Base Line Terminal
CALGARY, Jan. 15, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced the startup of the Base Line Terminal (the "Terminal"), an above-ground crude oil storage terminal adjacent to its Alberta EnviroFuels facility near Edmonton, Alberta. The first four tanks are now in service with the remaining eight tanks expected to be phased into service throughout 2018. The Terminal is a 50-50 joint venture in affiliation with Kinder Morgan Canada Limited (TSX:KML) ("Kinder Morgan") and will [Read more]
Kinder Morgan Announces Commencement of Operations at the 4.8 Million Barrel Base Line Terminal
CALGARY, Jan. 15, 2018 /CNW/ - Kinder Morgan Canada Limited (TSX: KML) today announces the commencement of service for the first four of twelve crude oil storage tanks at Base Line Terminal, a 50-50 crude oil merchant terminal joint venture with Keyera (TSX: KEY) in Sherwood Park, Alberta (near Edmonton). The remaining eight tanks at the facility, all twelve of which are fully-contracted with long-term, firm take-or-pay agreements with creditworthy customers, are expected to be phased into [Read more]
Vermilion Energy Inc. Announces Acquisition of Oil Assets in Southeast Saskatchewan and Southwest Manitoba
CALGARY, Jan. 15, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the "Arrangement") to acquire a private southeast Saskatchewan producer ("Privateco") for total cash consideration of $90.8 million (the "Purchase Price"). Under the terms of the Arrangement, Vermilion has agreed to acquire (the "Acquisition") all of the issued and outstanding common shares ("Privateco [Read more]
Oil hovers near $64/Bbl, clouded by rise in U.S. output
Oil hovered near $64 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $64.30 a barrel. Trading was relatively slow due to a national holiday in the United States. International benchmark Brent crude futures were trading 12 cents lower at $69.75, having risen above $70 earlier in the session. A [Read more]
Tamarack Valley Energy Ltd. Announces 2018 Guidance, Operational Update and Record Fourth Quarter 2017 Production
CALGARY, Alberta, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its 2018 capital budget and full year guidance, along with an operational update, including record fourth quarter production volumes and a meaningful increase in oil weighting which is expected to continue through 2018. Based on December field numbers, the Company estimates its Q4/17 production averaged over 22,600 boe/d with an oil and liquids [Read more]
Ikkuma Resources Corp. Announces Appointment of Chief Financial Officer
CALGARY, Jan. 15, 2018 /CNW/ - Ikkuma Resources Corp. (TSXV: IKM) ("Ikkuma or the Corporation") is pleased to announce that John Van de Pol has joined the Corporation's executive team as Senior Vice President and Chief Financial Officer, commencing January 15, 2018. John is a well-known professional amongst Calgary's energy companies and brings a wealth of experience to the team. During the transition period, Kim Benders acted as Interim CFO and Ikkuma wishes to thank Ms. Benders for her [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]
Reprobates control climate discussions, so everyone yawns and goes shopping
“So: the paths we have tried to tackle global warming have so far produced only gradual, halting shifts. A rapid, transformative change would require building a movement, and movements require enemies.” - Bill McKibben, legendary environmentalist and author “The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.” - Guess who…Donald Trump, leader of the free world “…with the fossil fuel-industry, wrecking the planet is [Read more]