CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2017. InPlay’s unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2017 will be available shortly on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and [Read more]
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Petrus Resources Announces Third Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to report financial and operating results for the third quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations in order to maximize the Company's return on investment. The [Read more]
Questerre releases third quarter 2017 results
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2017) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its financial and operating results for the third quarter ended September 30, 2017. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are seeing the early results of our increased capital investment in Kakwa this year. Production from this area has almost doubled since the first quarter to 1,400 boe/d with four [Read more]
U.S. Justice pledges to prosecute activists who damage pipelines
The U.S. Department of Justice on Friday pledged to prosecute protesters who damage oil pipelines and other energy infrastructure, a decision that could escalate tensions between climate activists and the administration of President Donald Trump. The DOJ said it was committed to vigorously prosecuting those who damage "critical energy infrastructure in violation of federal law." Attempts to "damage or shut down" pipelines deprive communities of services and can put lives at [Read more]
Canadian dollar loosens close ties with oil on energy investment doubts
TORONTO, Nov 10 (Reuters) - The Canadian dollar is unlikely to recapture its tight link with the price of oil even as the interest rate outlook settles, given crude trades far removed from levels needed to affect investment in Canada’s energy sector, economists and strategists said. Canada’s so-called “petro-currency” has historically traded in the same direction as oil, one of the country’s major exports. But the correlation between the currency and the commodity has turned negative in [Read more]
U.S. drillers add the most oil rigs in a week since June: Baker Hughes
(Reuters) - U.S. energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015. Drillers added nine oil rigs in the week to Nov. 10, bringing the total count up to 738, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. The rig count, an early indicator of future output, is still much higher than a year ago when only 452 rigs were active after energy [Read more]
Bullish oil and tight supply lift Asian spot LNG market
LONDON, Nov 10 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose this week on already tight supply and production outages in Australia and was further buoyed by climbing crude oil prices. Spot prices LNG-AS for December delivery rose to $9.45 per million British thermal units (mmBtu), 30 cents above last week’s levels. Australia’s North West Shelf export facility suffered a partial outage on Friday morning after several production units were taken offline, though at least one [Read more]
Canada Weekly Rig Count Up 11 to 203
Western Canada’s fleet of drilling rigs went up by 11 to the current count of 203 actively drilling rigs according to data collected by Baker Hughes for the week of November 10th. From one week ago, Alberta rig counts increased from 139 to 148, the Saskatchewan rig count increased 23 to 26. Oil drilling declined by 2 to 108; gas rigs went up 4 to 95. View a full breakdown of western Canada’s rig activity. [Read more]
Canadian Natural proposes bitumen-only expansion at its Horizon oilsands mine
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) is considering adding a 30,000- to 40,000-barrel-per-day bitumen-only project to its Horizon oilsands mine to take advantage of excess ore production and pipeline capacity. The proposed project could be approved by the company as early as 2019 and would continue a trend in the sector to bolt on brownfield production to avoid the high costs and risks of building new mines from scratch. "Canadian Natural has a near-term [Read more]
Perpetual Energy Inc. Announces Increase to Credit Facility and Provides 2018 Guidance
CALGARY, Nov. 10, 2017 /PRNewswire/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce a 62.5% increase to its reserve-based credit facility (the "Credit Facility") and confirm capital spending plans and expected production and adjusted funds flow growth for 2018. Strategic focusing of the Company's asset base, strengthening of the balance sheet, steady execution of the growth-oriented capital program and the Company's market [Read more]