CALGARY, Feb. 23, 2018 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its fourth quarter and year-end 2017 financial and operating results. A complete copy of Perpetual's audited consolidated financial statements, Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2017 will be available through the Corporation's website at www.perpetualenergyinc.com and SEDAR at [Read more]
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Enerplus Announces Fourth Quarter and Full Year 2017 Financial and Operating Results and 2017 Year End Reserves
All financial information contained within this news release has been prepared in accordance with U.S. GAAP. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" [Read more]
Altura Energy Inc. announces its 2017 reserves and provides an operational update
CALGARY, Feb. 22, 2018 /CNW/ - Altura Energy Inc. ("Altura" or the "Company") (TSX-V: ATU) is pleased to announce the results of the independent evaluation of the Company's oil and natural gas reserves (the "McDaniel Report"), effective December 31, 2017, as prepared by McDaniel and Associates Consultants Ltd. ("McDaniel"), and an operational update. Altura's audit of its 2017 annual financial statements is not yet complete and accordingly all financial amounts referred to in this news [Read more]
B.C. seeks reference case over pipeline to affirm its rights over oil shipments
VICTORIA - The Alberta government accepted an olive branch from British Columbia and suspended its ban on the province's wine Thursday in a dispute over the Trans Mountain pipeline. Alberta Premier Rachel Notley took the step after B.C.'s John Horgan said his government will ask the courts if it has the right to protect its environment by restricting diluted bitumen shipments through the province. "I think it is fair to say that in a small way today B.C. blinked," Notley told [Read more]
Obsidian Energy Ltd. Announces New Chairman of the Board of Directors, 126 Percent Reserve Replacement & Conference Call Details to Discuss its Year-End 2017 Results
CALGARY, Feb. 22, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that Jay W. Thornton has been appointed as Chairman of the Obsidian Energy Board of Directors (the "Board"), effectively immediately. Mr. George Brookman, who has been the Acting Chair since August 8, 2017, will remain as a director on the Board. "On behalf of the Board, I would like to thank Mr. George Brookman for his leadership as Acting Chair [Read more]
Pembina Pipeline Corporation Reports Record Annual Results in 2017
Transformational year with strategic acquisition of Veresen and $4.8 billion of projects placed into service All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Feb. 22, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the fourth quarter and full year 2017. Operational and Financial Overview ($ millions, except where noted) 3 Months [Read more]
Calgary-based STEP Energy Services buying American fracking firm for $350M
Calgary-based STEP Energy Services Ltd. says it will enter the U.S. oil and gas well-fracking market by buying Tucker Energy Services Holdings, Inc. for about $350 million in cash before closing adjustments. It says the privately owned company operates primarily in Oklahoma, where it has three crews offering pressure pumping services to hydraulically fracture wells and is expecting to add a fourth in the second quarter of this year. STEP plans to pay for the purchase with $30 [Read more]
BlackPearl Announces Fourth Quarter and Full Year 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Feb. 22, 2018) - BlackPearl Resources Inc. ("we", "our", "us", "BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2017. Highlights and accomplishments included: At Onion Lake, we are nearing completion of the phase 2 thermal expansion and we have initiated steam injection to the first pad of wells. We expect to commence steam injection to the [Read more]
U.S. crude stocks fall unexpectedly as net imports hit record low: EIA
(Reuters) - U.S. crude oil stockpiles fell unexpectedly last week as net imports dropped to a record low due to a surge in exports, while inventories at the key storage hub in Cushing, Oklahoma continued to slide, the Energy Information Administration said on Thursday. Crude inventories fell 1.6 million barrels in the week to Feb. 16, compared with analysts’ expectations for an increase of 1.8 million barrels. Net crude imports fell last week by 1.6 million barrels per day to 4.98 million [Read more]
Former CNOOC Canada CEO banned in Alberta after SEC insider trading settlement
CALGARY - The Alberta Securities Commission is banning the former CEO of the Canadian arm of Chinese oil giant CNOOC Ltd. from acting as a director or officer in the province after he settled insider trading claims against him in the United States. The regulator says it is reciprocating an order made by the U.S. Securities and Exchange Commission last fall after Fengjiu Zhang — who had moved back to China by then — agreed to a three-year ban there to settle charges that he broke U.S. [Read more]