Nebraska regulators weighing the fate of TransCanada Corp's proposed Keystone XL pipeline have ruled that opponents of the project cannot use one of their best arguments against it in final hearings next week: that America does not need the oil. The state's five-member Public Service Commission is scheduled to hold court-like hearings on Aug. 7 to 11 before deciding whether to approve the project's route, marking the final hurdle for the long-delayed project after President Donald Trump gave [Read more]
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Advantage Announces Second Quarter 2017 Operating & Financial Results
Strong Glacier Operating Results Generate Surplus Cash, Delineation Drilling Commenced at Progress, Valhalla & Wembley (TSX: AAV, NYSE: AAV) CALGARY, Aug. 3, 2017 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report solid second quarter 2017 results which met our targets. The results include a 32% increase in cash flow to $49 million with a 30% increase in cash flow per share to $0.26/share. Production increased 10% on a per share basis to 232 [Read more]
Raging River Exploration Inc. Announces Second Quarter 2017 Operating and Financial Results and Increased Credit Facilities
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three and six months ended June 30, 2017. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's [Read more]
Yangarra Announces Second Quarter 2017 Financial and Operating Results
CALGARY, Aug. 3, 2017 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2017. Second Quarter Highlights Production averaged 5,705 boe/d (54% liquids), doubling output from the second quarter of 2016. Production per share growth of 97% from the second quarter of 2016 and 27% from the first quarter of 2017. Funds flow from operations of $12.0 million ($0.15 per share - [Read more]
Alberta Energy Regulator charges Syncrude in deaths of 31 great blue herons
CALGARY - The Alberta Energy Regulator has charged Syncrude Canada in the deaths of 31 great blue herons two years ago at its Mildred Lake oilsands mine in northern Alberta. The company is charged under the provincial Environmental Protection and Enhancement Act with failing to properly store a hazardous substance in a way that ensures it doesn't come into direct contact with or contaminate animals. Syncrude, which faces a penalty of up to $500,000 if convicted, is to appear in [Read more]
Kinder Morgan Canada Limited Announces Increased Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Kinder Morgan Canada Limited ("the Company") (TSX:KML) is pleased to announce that as a result of strong investor demand for its previously announced offering of cumulative redeemable minimum rate reset preferred shares, Series 1 (the "Series 1 Preferred Shares"), the size of the offering has been increased to 12,000,000 shares. The offering no longer includes the previously granted underwriters' option. The aggregate gross proceeds of the [Read more]
3esi-Enersight and GLJ Petroleum Consultants Partner to Develop Next Generation Oil & Gas Reserves Software
Calgary, Alberta, August 3, 2017 (Newswire.com) - 3esi- Enersight, the leading provider of solutions for integrated strategy, planning and reserves in the oil and gas industry, today announced they have formed a partnership with GLJ Petroleum Consultants Ltd. (GLJ), a leading energy resource consulting firm, to develop a next generation oil and gas reserves evaluation and management solution. Over the next year, 3esi-Enersight will enhance its existing Reserves Management solution with new [Read more]
Tourmaline More Than Doubles Six Month Cash Flow and Continues Profitable Strong Growth
CALGARY, Aug. 2, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2017. HIGHLIGHTS Financial Results Second quarter earnings were $108.6 million ($0.40/share) underscoring the fundamental profitability of Tourmaline's EP business in all three core complexes. Second quarter 2017 cash flow(1) was $ 313.3 million ($1.16/share) up 133% (100% per share) from second quarter [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2017 Financial & Operational Results; Increases 2017 Production Guidance
CALGARY, Aug. 2, 2017 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2017 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months [Read more]
Kinder Morgan Canada Limited Launches $200 Million Bought Deal Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Kinder Morgan Canada Limited ("the Company") (TSX:KML) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, CIBC Capital Markets, RBC Capital Markets and TD Securities (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from the Company, 8,000,000 cumulative redeemable minimum rate reset preferred shares, Series 1 (the "Series 1 Preferred Shares") at [Read more]