CALGARY - Cenovus Energy (TSX:CVE) plans to ramp up the drilling of conventional gas wells on the lands it is buying from Houston-based ConocoPhillips in a $17.7-billion deal announced last month. The Calgary-based company intends to spend $650 million in 2019 to drill about 120 wells in what is known as the Deep Basin of northeastern B.C. and northwestern Alberta, CEO Brian Ferguson said in an interview on Friday. That's about five times the $120 million ConocoPhillips had [Read more]
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Vital Energy Inc.: Further Details on Pennant Project, S.W. Saskatchewan – Core Project Area
CALGARY, ALBERTA--(Marketwired - April 21, 2017) - Vital Energy Inc. ("Vital") (TSX VENTURE:VUX) announced today, further to its news releases dated March 31, 2017 and April 21, 2017, further details on the 4 leases acquired at the Saskatchewan Crown land sale in the Pennant Area project lands. Pursuant to its agreement with the Third Party, namely Cerus Energy Group, the amount of the first cash advance to Vital was $360,000. The lease acquisitions totaled 5,220 acres more than doubling Vital's [Read more]
CAPL Course Calendar – New luncheons added
Here is the upcoming list of courses for members of CAPL. Please note, new luncheons have been added. For more information, click on a course link below or visit landman.ca Date Course Category Status Mar 02 2017 LLR/LMR: Changing the Numbers Regulations Complete Mar 07 2017 Constructive Conflict Management (PSL®) Negotiations and Business Skills Complete Mar 15 2017 Conventional Agreements: Junior Level Agreements and Contractual Issues Complete Mar 16 [Read more]
Vital Energy Inc.: Pennant Project, S.W. Saskatchewan – Core Project Area
CALGARY, ALBERTA--(Marketwired - April 21, 2017) - Vital Energy Inc. ("Vital") (TSX VENTURE:VUX) announces that, further to its news release dated March 31, 2017, and the agreement with a Third Party described therein, the Third Party has made the first cash advance to Vital under the terms of the agreement. Vital was successful in acquiring 4 leases at the April 11, 2017, Saskatchewan crown land sale. The lease acquisitions totaled 5,220 acres more than doubling Vital's current Pennant Area [Read more]
Twin Butte Energy Debentureholders Seek Appointment of Advisors For Debentureholder Class and Cost Sharing Relief
CALGARY, April 20, 2017 /CNW/ - Dear Twin Butte Debentureholders, We, the Ad Hoc Committee of unaffiliated holders (the "Ad Hoc Group") of 6.25% Convertible Unsecured Subordinated Debentures due December 31, 2018 of Twin Butte Energy Ltd. ("Twin Butte"), wish to update Twin Butte's Debentureholders concerning recent developments in connection with the Receivership sales and investment solicitation process ("SISP"): On March 30, 2017, FTI Consulting Canada Inc., the Court-appointed [Read more]
Connacher Announces Q4 2016 and Year-End 2016 Results
CALGARY, April 20, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter- and year-ended December 31, 2016 (all amounts are in Canadian dollars unless otherwise noted). Operations As oil prices increased in the second half 2016 and 2017, the Company restored production on 16 of the 18 wells at Pod One which were previously suspended. Based on field estimates, Q1 2017 production was approximately 12,000 [Read more]
Heritage Resource Limited Partnership’s Palliser Q2 2017 Prospects
Palliser Q2 2017 Prospects Heritage Resource Limited Partnership referred to as “Heritage” is marketing fee simple mineral rights for Farmout/Lease with respect to three Mannville prospect areas on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data. Highlights Palliser South – Tide Lake T17/18 R11/12 W4M Up to 42 Sections Available PNG in Mannville* Partial 3D Seismic coverage available [Read more]
Saudi oil minister says production cuts may need to continue
ABU DHABI, United Arab Emirates - Saudi Arabia's oil minister on Thursday suggested that production cuts agreed to by OPEC members and countries outside of the cartel may need to continue to help shore up crude oil prices. The comments by Khalid al-Falih carry significant weight as the kingdom is one of the world's top oil producers. They come as the price per barrel stand above $50 and increases in U.S. shale oil production threaten to keep them low. "There is an initial [Read more]
TransCanada Announces Completed Sale of New England Hydro Assets
CALGARY, ALBERTA--(Marketwired - April 20, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has completed the sale of its hydroelectric generation assets to Great River Hydro, LLC, an affiliate of ArcLight Capital Partners, LLC for US $1.065 billion. The sale includes 13 hydroelectric facilities, stations and associated dams and reservoirs on the Connecticut and Deerfield Rivers. The assets are located in New Hampshire, Vermont and [Read more]
Ikkuma Resources Corp. Announces Fourth Quarter and Year End 2016 Financial and Operating Results
CALGARY, April 20, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months and year ended December 31, 2016. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's December 31, 2016 audited annual financial statements and the related management's discussion and analysis ("MD&A"). In addition, the Corporation today announces the filing [Read more]