CALGARY, ALBERTA--(Marketwired - Aug. 11, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to report that it has closed the previously announced sale of its Olds/Garrington area assets in Central Alberta for cash consideration of $300 million, before customary closing adjustments. The sale proceeds will provide the Company with additional financial flexibility and help improve its balance sheet strength. The Company continues to seek out opportunities to further reduce [Read more]
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CAODC Condemns B.C. Government’s Decision on Trans Mountain Expansion
The Canadian Association of Oilwell Drilling Contractors (CAODC) condemns the Government of British Columbia’s decision to take legal action in order to halt the Kinder Morgan Trans Mountain Expansion Pipeline project. Today British Columbia’s Environment and Climate Change Strategy Minister George Heyman announced his government has retained external legal counsel to initiate legal action related to the Trans Mountain Expansion Pipeline. Mr. Thomas Berger, QC, OC, OBC has been secured by the [Read more]
Enerplus Announces Second Quarter 2017 Results
CALGARY, Aug. 11, 2017 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce its second quarter 2017 operating and financial results. The Company reported second quarter 2017 net income of $129.3 million, or $0.53 per share. This compares to a second quarter 2016 net loss of $168.6 million, or $0.77 per share. SECOND QUARTER 2017 HIGHLIGHTS: 35% production growth in North Dakota quarter-over-quarter Generated adjusted funds flow of [Read more]
Questerre releases second quarter 2017 results
CALGARY, Aug. 10, 2017 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended June 30, 2017. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "While we invested in building reserves at Kakwa, we continued to move Quebec and Jordan forward during the quarter. In addition to the infrastructure expansion at Kakwa, three joint venture wells were completed. [Read more]
Eagle Energy Inc. Announces Second Quarter 2017 Results, Succession Plan and Cost Reduction Initiatives
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2017) - Eagle Energy Inc. (TSX:EGL) ("Eagle") is pleased to report its financial and operating results for the second quarter ended June 30, 2017 as well as provide an update on additional cost reduction initiatives. Richard Clark, Eagle's Chief Executive Officer, stated, "I am pleased with our technical team's progress toward commencing drilling on our North Texas asset. We now own over 24,000 net acres in North Texas. This land position is focused [Read more]
Tamarack Valley Energy Ltd. Announces Record 2017 Second Quarter Results, Continued Operational Success and Increased 2017 Exit Production Guidance
CALGARY, Alberta, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2017 and related management’s discussion and analysis [Read more]
Cequence Energy Announces 2017 Second Quarter Financial and Operating Results
CALGARY, Aug. 10, 2017 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and six month periods ended June 30, 2017. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Operational and financial highlights of the Company from the second quarter include: Increased funds flow from [Read more]
Perpetual Energy Inc. Releases Second Quarter 2017 Financial and Operating Results
CALGARY, Aug. 10, 2017 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its second quarter 2017 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2017 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at [Read more]
Chinook Energy Inc. Announces Second Quarter 2017 Results
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2017) - Chinook Energy Inc. ("our", "we", or "us") (TSX:CKE) is pleased to announce its second quarter 2017 financial and operating results. Our operational and financial highlights for the three and six months ended June 30, 2017 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three and six months ended June 30, 2017 and 2016 and our related management's discussion and analysis which have [Read more]
Quebec to pay Petrolia $20.5 million to end Anticosti oil development
QUEBEC - The Quebec government will pay $20.5 million to Petrolia as part of its plan to end oil development on Anticosti Island. The province's Energy and Natural Resources Department said in a statement Thursday the compensation deal is based on public interest. In late July, the government announced it was halting oil and gas exploration on the island and was negotiating with several companies to get them to abandon their research rights. The decision was made to [Read more]