CALGARY, ALBERTA--(Marketwired - Nov. 13, 2017) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase high quality light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments (the "Acquisition"). The Acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 boe/d) and 200 boe/d of production from minor assets in southeast Saskatchewan (the [Read more]
Headlines
AltaCorp Capital founder, oil and gas financier George Gosbee dies suddenly
CALGARY - Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday. Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was "deeply saddened" by the news. Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta [Read more]
Teine Energy Ltd. Announces COO Appointment
CALGARY, Nov. 13, 2017 /CNW/ - Teine Energy Ltd. "Teine" announces that Paul Ringrose has been appointed to the role of Senior Vice-President and Chief Operating Officer. Mr. Ringrose is a Professional Engineer with over 20 years of industry experience. He started his oil and gas career working for Imperial Oil Resources and for the next 12 years held various senior engineering, operational and management positions with both Imperial Oil and ExxonMobil. Mr. Ringrose subsequently held the [Read more]
InPlay Oil Corp. Announces Third Quarter 2017 Financial and Operating Results and an Increased Land Position in the Emerging East Basin Duvernay Shale Play
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]
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]