CALGARY, ALBERTA--(Marketwired - July 22, 2013) - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX:CDI) announces that it has entered into an agreement to purchase an AC electric tele-double pad drilling rig, two single rigs, spare equipment as well as land and building located in Leduc, Alberta from Calmena Energy Services Inc. for total consideration of $15.0 million (the "Acquisition"). All of the rigs are fully crewed, currently contracted and two are currently operating in Alberta. [Read more]
Headlines
Artisan Energy Provides Update on Operations at Ferrybank, Chip Lake and Southern Alberta
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to provide the following operations update. HIGHLIGHTS Current production exceeding 400 boe/d (70% oil and NGLs). Drilling success on two additional horizontal oil wells at Ferrybank. Completion of solution gas pipeline at Chip Lake and tie-in of initial horizontal well. Pooling of [Read more]
Calmena Announces Divestiture of Canadian Contract Drilling Assets
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Calmena Energy Services Inc (TSX:CEZ) ("Calmena" or the "Company") is pleased to announce that it has entered into a binding definitive agreement (the "Agreement") to sell all of its remaining Canadian Contract Drilling assets to CanElson Drilling Inc. ("CanElson") for a purchase price of $15.0 million. The purchase price is comprised of all cash and is not subject to CanElson obtaining financing. The closing is subject to certain conditions and [Read more]
Painted Pony Petroleum Announces Executive Appointment
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce the following executive appointment: John Van de Pol has been appointed as the Company's Vice-President, Finance and Chief Financial Officer, effective September 3rd, 2013. Mr. Van de Pol is a chartered accountant with more than 33 years of oil and gas industry experience. His impressive background includes successfully [Read more]
Atikwa Announces Proposed Business Combination With Hansar Energy Corp
CALGARY, ALBERTA--(Marketwired - July 19, 2013) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") is pleased to announce that it has entered into a letter of intent with Hansar Energy Corp. ("Hansar") for an amalgamation and reorganization (the "Reorganization"). Pursuant to the terms of the proposed Reorganization, Atikwa will indirectly acquire all of the issued and outstanding common shares of Hansar under an amalgamation agreement entered into by Atikwa, a wholly-owned [Read more]
Paul McCartney offers free show tickets to Lac Megantic survivors
MONTREAL - Paul McCartney is reaching out to those affected by the Lac-Megantic train disaster, giving free tickets to his Quebec City show to the survivors.The rock legend is also expected to address the survivors in attendance at next week's show."We've been told that Paul McCartney will say something about Lac-Megantic during his concert but we don't know yet what he'll say exactly," said Rachel Dupuis, a spokeswoman for concert promoter 3 E Event, Experience, Emotion.The idea was [Read more]
Insignia Energy Ltd. Completes Going Private Transaction
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, July 19, 2013 /CNW/ - Insignia Energy Ltd. ("Insignia" or the "Company") (TSX: ISN) is pleased to announce that it has completed its previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, ISN Acquisition Corp. ("AcquisitionCo"), a wholly-owned subsidiary of Brookfield [Read more]
Transportation Safety Board calls for two immediate changes in wake of Lac Megantic
LAC-MEGANTIC, Que. - The Transportation Safety Board is calling for two immediate changes in rail policy following the Lac-Megantic catastrophe. The agency isn't waiting for the results of its multi-month investigation, which has just begun, to make the recommendations. It has sent Transport Canada two safety advisories asking for a pair of changes: first, that dangerous goods not be left unattended on a main track and, also, that rail equipment be properly secured. "As this [Read more]
US federal study finds frac fluid doesn’t spread
PITTSBURGH (AP) - A landmark federal study on hydraulic fracturing, or fracking, shows no evidence that chemicals from the natural gas drilling process moved up to contaminate drinking water aquifers at a western Pennsylvania drilling site, the Department of Energy told The Associated Press. After a year of monitoring, the researchers found that the chemical-laced fluids used to free gas trapped deep below the surface stayed thousands of feet below the shallower areas that supply drinking [Read more]
Deadly derailment won’t stop oil on trains
BY JONATHAN FAHEY AP ENERGY WRITER NEW YORK (AP) -- A train loaded with crude oil could soon roll through a town near you. A fiery and fatal train derailment earlier this month in Quebec, near the Maine border, highlighted the danger of moving oil by rail. But while the practice could be made safer, it won't be stopped in its tracks. This year, more trains carrying crude will chug across North America than ever before - nearly 2,400 carloads a day. In 2009, there were just 31 carloads a [Read more]