Selling Texas’ liquefied natural gas (LNG) to other countries will create more than 136,000 jobs nationwide and generate $145 billion in economic activity, according to a new report published Monday. The pro-industry group North Texans for Natural Gas commissioned the report, which touts the economic benefits of approving seven LNG export facilities in the state. Roughly 70,000 of these jobs will be created in Texas, and the state government will receive more than $20 billion in tax [Read more]
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Forent Energy Announces Filing of an Application to Appoint a Receiver by its Lender
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) announces that its senior lender has filed an application to appoint a receiver over the Company. The application will be heard at the Calgary Court Center on Friday, May 5, 2017 at 2:00 p.m. In the event that a receiver is appointed, the Company anticipates that the TSX Venture Exchange will suspend and then delist the Company's securities. No directors or officers of the Company [Read more]
Manitok Energy Inc. and Craft Oil Ltd. Enter Into Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Manitok Energy Inc. ("Manitok") (TSX VENTURE:MEI) and Craft Oil Ltd. ("Craft") are pleased to announce that Manitok and Craft have entered into an arrangement agreement dated as of April 28, 2017 (the "Arrangement Agreement"). Under the terms of the Arrangement Agreement, Manitok will acquire all of the issued and outstanding common shares of Craft ("Craft Shares") by way of a plan of arrangement under the Business Corporations Act (Alberta) (the [Read more]
Paramount Resources Ltd. to Sell its Oil and Gas Properties in Valhalla for Approximately $150 Million Cash
CALGARY, May 1, 2017 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has agreed to sell its oil and gas properties in the Valhalla area of Alberta (the "Assets") for cash consideration of approximately $150 million, subject to customary post-closing adjustments. The Assets encompass approximately 94 (74 net) sections of land and had estimated sales volumes of approximately 1,400 Boe/d for the three-month period ended March 31, [Read more]
Trilogy Energy Corp. Announces Agreement to Sell Certain Assets in the Grande Prairie Area of Alberta for $50 Million and Provides an Update on its Borrowing Base and Debt Levels
CALGARY, May 1, 2017 /CNW/ - Trilogy Energy Corp. ("Trilogy" or the "Company") (TSX – TET) is pleased to announce that it has agreed to sell certain assets located in the Grande Prairie area of Alberta for cash consideration of $50 Million (before customary adjustments). The transaction is conditional upon the purchaser's receipt of the Alberta Energy Regulator ("AER") approvals for the transfer of the wells, pipelines and facilities. Payment of the purchase price has been deposited with [Read more]
Saskatchewan Oil and Gas Show June 7 and 8, 2017
The Saskacthewan oil & gas show is a biennial oil and gas trade show in Weyburn Saskatchewan. Next year's show takes place June 7 and 8. NOMINATIONS FOR SE OILMAN OF THE YEAR AND SE LEGENDS AWARD - CLICK ON THE FOLLOWING LINK http://oilshow.ca/index.php/pages/awards EVENT TICKETS CAN BE PURCHASED ONLINE AT http://oilshow.ca/index.php/proform/form/ticket_registration Visit OilShow.ca for more information. Saskatchewan Oil & Gas Show P.O.Box 1450 Weyburn, SK S4H 3J9 Phone: [Read more]
Pembina and Veresen to Create Leading North American Energy Infrastructure Company
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Pembina Pipeline Corporation (TSX:PPL)(NYSE:PBA) ("Pembina" or the "Company") and Veresen Inc. (TSX:VSN) ("Veresen") are pleased to announce they have entered into an arrangement agreement to create one of the largest energy infrastructure companies in Canada with a pro-forma enterprise value of approximately $33 billion (the "Transaction"). Overview of the Combination - Highlights: The combined company will feature an asset base supported [Read more]
Suncor Energy confirms restart of pipeline shipments from Syncrude Mildred Lake Oil Sands facility
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Suncor today announced that shipments from the Syncrude Mildred Lake Oil Sands facility have resumed following the March 14 incident. Over the weekend, Syncrude completed the necessary repairs and start-up activities to begin shipping product by pipeline. Shipments are currently at approximately 140 kbpd (gross) and are expected to ramp up as additional units complete turnaround activities. Production is expected to return to full rates in June. [Read more]
Madalena Announces its 2016 Year End Financial and Operating Results and Year End Reserves
(All dollar figures are expressed in United States Dollars) CALGARY, May 1, 2017 /PRNewswire/ - Madalena Energy Inc. (the "Company" or "Madalena") (TSXV: MVN and OTCQX: MDLNF) announces its financial and operating results for the three months and year ended December 31, 2016 and the Company's 2016 year end reserves. The Company also announces that its audited consolidated financial statements for the year ended December 31, 2016, the related management's discussion and analysis (the [Read more]
Mooncor Corporate Update
TORONTO, ONTARIO--(Marketwired - May 1, 2017) - Mooncor Oil & Gas Corp. (the "Corporation") (TSX VENTURE:MOO) is pleased to announce that it has released its financial results for the year ended December 31, 2016. The financial statements, notes to the financial statements and Management's Discussion and Analysis for the year ended December 31, 2016 are available on SEDAR at www.sedar.com. "The Corporation is pleased to report that the total production for the Month of April is 1,039 [Read more]