CALGARY, ALBERTA--(Marketwire - Feb 28, 2013) - Pengrowth Energy Corporation (PGF.TO) (PGH) is pleased to announce strong 2012 year-end reserve additions. Highlights: Proved plus probable (2P) reserves increased by 55 percent to 512.0 million barrels of oil equivalent (MMboe) at December 31, 2012 from 330.5 MMboe at year-end 2011. Pengrowth replaced 672 percent of 2012 production, adding 213.2 MMboe of 2P reserves in 2012 at an all-in annual Finding, Development and Acquisition [Read more]
Headlines
Pinecrest Energy Inc. announces board change
TSX Venture Exchange: PRY CALGARY , Feb. 28, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that as a result of a potential conflict created by his appointmnent as Interim Chief Executive Officer of another issuer, Mr. David Fitzpatrick has resigned as a member of the Board of Directors (the "Board") of Pinecrest. The Board and management of Pinecrest wish to thank Mr. Fitzpatrick for the valuable contributions he has made during his tenure with Pinecrest and [Read more]
Storm Resources Ltd.is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2012
CALGARY, ALBERTA--(Marketwire - Feb 28, 2013) - Storm Resources Ltd. (TSX VENTURE:SRX) Storm has also filed its audited consolidated financial statements as at December 31, 2012 and for the three months and year then ended along with the Management''s Discussion and Analysis ("MD&A") for the same periods. This information appears on SEDAR at www.sedar.com and on Storm''s website at www.stormresourcesltd.com. Selected financial and operating information for the three months and year [Read more]
U.S. says North American trade by truck, rail and pipeline fell in December
MONTREAL - Canada and its NAFTA partners capped an otherwise strong year of trade in 2012 with a weaker performance in December, the U.S. Department of Transportation said Thursday. Trucks, railways and pipelines carried US$71.9 billion worth of products in December, a 3.2 per cent drop from the same month in 2011. Canada and the United States, which account for nearly 60 per cent of all surface trade in North America, saw trade decrease 4.7 per cent to US$42.1 billion in the [Read more]
CN looks to increase crude shipments to Louisana, terminal increasing capacity
CHICAGO, IL - Canadian National Railway Co. plans on shipping more Alberta crude oil to Louisiana as it sets its sights on developing new markets near the Gulf of Mexico. The Montreal-based railway (TSX:CNR) said Thursday it has teamed up with LBC Tank Terminals which will increase storage capacity by 160,000 barrels at its Sunshine facility in Geismar, La. CN said it also plans on transporting more chemicals from the Chicago area to the LBC Sunshine facility, which houses [Read more]
Natural Gas Storage drops 171 Bcf; in line with analyst estimates
Working gas in storage was 2,229 Bcf as of Friday, February 22, 2013, according to EIA estimates. This represents a net change of -171 Bcf, in line with analyst estimates of -169 to -170 Bcf. Stocks were 307 Bcf less than last year at this time and 308 Bcf above the 5-year average of 1,921 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]February 22`[attr style="width: 25%"]February 15`[attr style="width: [Read more]
CNOOC in no hurry to ink more oilpatch deals after Nexen takeover closes
CALGARY - The head of CNOOC Ltd. said the Chinese-state-owned firm is in no hurry to do any more big deals in the oilpatch since its $15.1 billion takeover of Nexen closed earlier this week. "In the very short term, this is not my priority," said chief executive Li Fanrong at Nexen's Calgary headquarters Wednesday. "My priority is to get this organization right and to better realize the full potential of Nexen's resource." Through the deal, CNOOC will see a 20 per cent [Read more]
Lone Pine Resources Announces Management Changes
CALGARY, ALBERTA--(Marketwire - Feb 27, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) announces that the Company''s Board of Directors has appointed David M. Fitzpatrick, an experienced industry leader and member of the Lone Pine Board of Directors, to serve as Interim Chief Executive Officer, effective immediately. Lone Pine also announces that the Board of Directors has terminated the employment of David M. Anderson as President & Chief Executive Officer [Read more]
SilverWillow Energy Corporation Issues Options
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TSX V Trading Symbol: SWE CALGARY , Feb. 27, 2013 /CNW/ - SilverWillow Energy Corporation ("SilverWillow") (SWE.V) today announces that, pursuant to the provisions of its stock option plan, it has granted an aggregate of 984,000 options to officers and employees. The options have an exercise price of $0.77 per share. The options granted vest as to one third on the first anniversary of the date of grant, [Read more]
Twin Butte Energy 2012 Year End Reserve and Operational Update
CALGARY , Feb. 27, 2013 /CNW/ - Twin Butte Energy Ltd. (TBE.TO) ("Twin Butte" or the "Company") is pleased to provide an operations update and information on its oil and gas reserves as of December 31, 2012 . Twin Butte anticipates releasing Q4 and year end 2012 audited financial and operating results after market close on March 21, 2013 . Operations Update On January 31, 2013 , Twin Butte provided an operational update that noted it had encountered reservoir performance issues at its [Read more]