Sayer Energy Advisors has been engaged to assist Yoho Resources Inc. (“Yoho” or the “Company”) with the sale of its non-core oil and natural gas properties (the “Properties”). The Properties are located in various areas of Saskatchewan, Alberta and British Columbia. Recent production net to Yoho from the Properties has averaged approximately 585 barrels of oil equivalent per day, with sales of 126 barrels of oil and natural gas liquids per day and 2.75 MMcf/d of natural gas. In [Read more]
Headlines
B.C. NDP vows to fight Trans Mountain pipeline, but won’t say how
VANCOUVER - The British Columbia New Democrat platform promises to use "every tool in the toolbox" to stop Kinder Morgan's Trans Mountain pipeline expansion from going ahead. But what are those tools? NDP Leader John Horgan isn't saying. "I'm going to be discussing those with the prime minister the day after the election," he said on a campaign stop this week in Kamloops. Standing on the bank of the South Thompson River, Horgan wasn't far from where former NDP leader [Read more]
TransCanada Announces Agreements to Sell Interests in Iroquois and PNGTS to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - News Release - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it has entered into agreements to sell a 49.3 per cent interest in Iroquois Gas Transmission System, LP (Iroquois), together with its remaining 11.8 per cent interest in Portland Natural Gas Transmission System (PNGTS), to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). The US$765 million transaction, comprised of US$597 [Read more]
Seven Generations’ Q1 production reaches 153,100 boe/d
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Seven Generations Energy Ltd.'s (TSX:VII) first quarter production averaged 153,100 barrels of oil equivalent per day (boe/d), up 73 percent from the same period last year. With record quarterly production and stronger commodity prices, first quarter funds from operations also set a record at $272.3 million or 75 cents per share, an increase of 146 and 88 percent, respectively, compared to the first quarter of 2016. "Production in the first [Read more]
Penn West Announces Strong First Quarter 2017 Financial and Operational Results
CALGARY, May 4, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2017. "Our first quarter results reflect a quality start for the new Penn West, with robust funds flow from operations, production growth in our key development areas, and a repositioned balance sheet from which to pursue our activities," commented David French, [Read more]
Canadian Natural Resources Limited Announces 2017 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Commenting on the first quarter 2017 results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ) stated, "The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong first quarter for the Company. Funds flow from operations were strong in the quarter, exceeding capital expenditures by approximately $800 million, and as a direct result, [Read more]
Athabasca Oil Corporation Announces 2017 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 3, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to provide its 2017 first quarter results and an operations update. The first quarter marks the completion and integration of the transformational Statoil oil sands acquisition, a successful balance sheet refinancing and operational momentum in the Light Oil division. The Company is positioned for strong economic growth through the second half of 2017. First Quarter [Read more]
Exxon Mobil Corporation Makes Application to Cease to be a Reporting Issuer in Canada
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) ("ExxonMobil") announced today that it has applied to the Alberta Securities Commission ("ASC"), as principal regulator, and the Ontario Securities Commission for an order (the "Order Sought") to cease to be a reporting issuer in Alberta, Ontario and British Columbia. ExxonMobil is not a reporting issuer in any other Canadian jurisdiction. If the Order Sought is granted by the ASC, ExxonMobil will cease to be a reporting [Read more]
ARC Resources Ltd. Reports Strong First Quarter 2017 Results and Capital Investment to Advance Dawson Phase III
CALGARY, May 3, 2017 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2017 operating and financial results. First quarter production averaged 115,129 boe per day, net income was $142.5 million ($0.40 per share), and funds from operations totaled $177.2 million ($0.50 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") for the three months [Read more]
Murphy Oil Corporation Announces Preliminary First Quarter 2017 Financial and Operating Results
EL DORADO, Ark.--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its preliminary financial and operating results for the first quarter ended March 31, 2017, including net income of $58 million, or $0.34 per diluted share. Operating and financial highlights for the first quarter 2017 include: Produced volumes of 169 Mboepd, on track to achieve full year production guidance Spent $215 million on capital expenditures, in line with planned annual capital budget of [Read more]