CALGARY , May 8, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") is pleased to announce that Mr. Lionel Derochie has been appointed to the position of Vice President of Operations effective May 1 , 2013. Mr. Derochie has over 30 years of experience in the Western Canadian oil & gas industry with a focus on reservoir engineering, production and enhanced oil recovery operations. He is a graduate of Queen's University with a Bachelor of Science in Engineering Physics and spent [Read more]
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BlackPearl Announces First Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 8, 2013) -BlackPearl Resources Inc. ("BlackPearl" or the "Company") (PXX.TO)(OMX:PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2013. Highlights include: Drilled the second pilot SAGD well pair at Blackrod. Steam injection in this well will begin in the summer. We are continuing to optimize our production techniques with the first well pair, with the most recent modifications production from the [Read more]
NuVista Energy Ltd. Announces First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - May 8, 2013) -NuVista Energy Ltd. ("NuVista") (NVA.TO) is pleased to announce results for the three months ended March 31, 2013 and provide an update on its plans for the remainder of 2013. We have accelerated the advancement of our condensate-rich Wapiti Montney natural gas play in early 2013 and are pleased with the results in addition to the recent improvement in natural gas prices. We had committed to deliver a focused and repeatable 2013 Montney program, [Read more]
Tourmaline Oil Corp. Announces Q1 2013 Financial Results: Continues Record Profitable Growth
CALGARY, ALBERTA--(Marketwired - May 8, 2013) -Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to announce results for the three months ended March 31, 2013 and provide an update on its 2013 EP program. Q1 2013 Highlights Production for the first quarter of 2013 averaged 68,636 boepd - a 47% increase over Q1 2012 and a 20% increase over the fourth quarter of 2012. Record after-tax earnings for the quarter of $52.2 million compared to $3.0 million for the first [Read more]
Angle Energy Inc. Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 8, 2013) -Angle Energy Inc. ("Angle" or the "Company") (NGL.TO) today announced the financial and operating results for the three months ended March 31, 2013. The Company has filed its interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the period ended March 31, 2013 onwww.sedar.com and www.angleenergy.com. Operational and financial highlights for the first quarter of 2013 are noted below and should [Read more]
556,000 bopd: Alberta produces record conventional crude in 2012, reserves shoot up
By Bill Graveland, The Canadian Press CALGARY - Alberta's energy regulator says higher oil prices and new technology have led to the largest increase in decades of both conventional oil production and reserves. In its latest report the Energy Resources Conservation Board records a 14 per cent increase in production in 2012 and 9.5 per cent increase in reserves over 2011 levels, due to the higher production rates from horizontal wells. Alberta's crude oil production totalled 556,000 [Read more]
Oil near $96 as U.S. supplies rise, refineries ramp up; gasoline demand weak
The Associated Press NEW YORK, N.Y. – The price of oil held onto small gains Wednesday after the government reported a slight increase in U.S. crude supplies. By early afternoon in New York, benchmark crude for June delivery was up 36 cents to US$95.98 a barrel. The contract fell 54 cents to finish at $95.62 per barrel on Tuesday. The U.S. Energy Department said oil supplies grew last week by 200,000 barrels to 395.5 million barrels, which is 4.2 per cent above year-ago levels. Analysts [Read more]
Enbridge adjusted earnings beat expectations, but pace not expected to last
By Lauren Krugel, The Canadian Press CALGARY - Enbridge Inc. is seeking U.S. approval to pump more crude through an Alberta-to-Wisconsin pipeline — a process the company expects to be easier than the one TransCanada Corp. is facing with its Keystone XL pipeline. "I think I'd point out that this is a little bit of a different situation," Enbridge CEO Al Monaco told analysts on a conference call Wednesday to discuss the company's first-quarter results. Enbridge (TSX:ENB) won't be laying [Read more]
Alberta NDP calls on province to release energy pipeline safety report
By John Cotter, The Canadian Press EDMONTON - The New Democrats say it's time for the Alberta government to release a report on the safety of oil and natural gas pipelines in the province. Alberta Energy Minister Ken Hughes ordered the safety assessment last summer following three oil pipeline spills, including one that polluted part of the pristine Red Deer River. An engineering firm completed the technical report last fall and presented the findings to the government, which sent the [Read more]
Enbridge to Invest $1.2 Billion in Enbridge Energy Partners Through Preferred Unit Private Placement
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - May 8, 2013) - Enbridge Inc. (ENB.TO)(ENB) ("Enbridge") and Enbridge Energy Partners, LP (EEP) ("EEP" or the "Partnership") today announced that they have entered into an agreement whereby Enbridge will invest $1.2 billion in preferred units issued by EEP, and which is expected to close later today. Additionally, EEP expects to exercise its options to pare down its economic interests in the Lakehead system expansions of both the Eastern [Read more]