VICTORIA - Some of British Columbia's most powerful labour leaders are pledging to work with Premier Christy Clark's Liberal government and the energy industry to help thousands of B.C. workers land jobs in what could be the province's multi-billion-dollar liquefied natural gas industry.B.C. Federation of Labour President Jim Sinclair and B.C. building trades council executive director Tom Sigurdson emerged from a closed-door meeting with Clark saying jobs trump politics when it comes [Read more]
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Arsenal Energy Inc. Releases Operational Update
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to release this operations update. In the third quarter to date, Arsenal has drilled four (4 net) wells at Princess, one (1 net) well at Chauvin, one (0.5 net) well in the Alberta deep basin, and has completed four (0.25 net) Bakken wells at Lindahl in North Dakota. At Princess, Arsenal has drilled four wells, resulting in two oil wells, one gas well [Read more]
Inter Pipeline raises dividend 13 per cent amid strong performance, new projects
CALGARY - Inter Pipeline Ltd. says it has raised its monthly dividend by 13 per cent as new projects begin to generate cash flow.The Calgary-based company said its September dividend, payable in mid-October, will be worth 10.75 cents per share, up from 9.5 cents per share.On an annualized basis, that amounts to $1.29, up from $1.14.CEO David Fesyk says it's the eleventh increase in a row and the single-largest in the company's history.It is supported by the continuing strong [Read more]
TORC Oil & Gas Ltd. Announces Closing of Acquisition and Strategic Transition to a Sustainable Dividend Plus Growth Company
CALGARY, Sept. 9, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing of the acquisition of low decline, high netback, light oil producing assets in southeastSaskatchewan and the strategic transition of the Company's business model to an intermediate light oil producer paying sustainable dividends while also delivering disciplined per share production growth. The acquired assets are complementary to TORC's current light oil platform in the [Read more]
Pengrowth Closes Southeast Saskatchewan Asset Disposition
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) has closed the previously announced divestiture of its non-core southeast Saskatchewan assets, effective June 1, 2013. Proceeds from the sale are $510 million, prior to closing adjustments. The assets sold had production of approximately 5,700 barrels of oil equivalent per day (boe/d) (93% liquids) and proved plus probable reserves of 21.3 million barrels assigned to them at December 31, [Read more]
Texas seismologist: Fracking doesn’t cause earthquakes
MORGANTOWN, W.Va. (AP) — A University of Texas seismologist says human activity associated with oil and gas production can sometimes cause earthquakes, but hydraulic fracturing isn’t the problem. Cliff Frohlich told scientists gathered in Morgantown for a National Research Council forum that when quakes do happen, they’re typically linked to the disposal of drilling fluids in underground injection wells. And Frohlich says the vast majority of injection wells don’t cause quakes, [Read more]
Maine governor voices support for Energy East pipeline project across Canada
LA MALBAIE, Que. (AP) - The proposed Energy East pipeline is getting some support from south of the border.Maine Gov. Paul LePage says it's a great project that could make more oil available to his country's eastern seaboard state.TransCanada (TSX:TRP) Corp.'s Energy East pipeline project, which still has to clear regulatory reviews, would deliver up to 1.1 million barrels per day from Alberta to Quebec and then to Saint John, N.B., by 2018.LePage says he would like to see oil transported by [Read more]
Hemisphere Energy Tests 357 Boe/d Well in Jenner
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 9, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce successful production test results of its recently drilled well in the Jenner area of southeast Alberta. Hemisphere has finished drilling, completing and testing its 12th horizontal well in Jenner targeting the Glauconitic formation sandstones. The well was placed on a production test for a 78 hour period. Over the last 24 hours of the test, the well [Read more]
Kallisto Acquires Minnehik-Buck Lake Property
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that is has acquired a 100% working interest in two sections of land in the Minnehik - Buck Lake area of Alberta (the "Lands"). The Lands were acquired pursuant to the terms of the Farmout and Settlement Agreement (the "Agreement") announced on May 30, 2013 between Kallisto and a company with which it holds a secured loan facility ("Loanco"). The Lands are prospective [Read more]
Donnycreek Energy Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that its fifth Kakwa Montney well has been successfully drilled to a vertical depth of approximately 3,380 metres with approximately 1,461 metres of horizontal wellbore in the middle Montney for a total measured depth (TMD) of approximately 5,017 metres. Drilled to a bottom hole location in 5-23-63-6 W6M (the "5-23 Well") from a surface location in 5-24-63-6 W6M, the [Read more]