TURNER VALLEY, Alta. - Workers have stopped the flow of potentially deadly sour gas in a ruptured pipeline in southern Alberta, but residents of nearby Turner Valley are being asked to stay in their homes.Cara Tobin of the Alberta Energy Regulator says the well feeding the line has been shut off, but crews can't get in to seal off the rupture.That part of the pipeline is under water due to extreme flooding.She says Calgary-based Legacy Oil and Gas, the pipeline's owner, and the fire [Read more]
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Legacy Oil + Gas Inc. issues statement regarding natural gas release in Turner Valley
CALGARY, June 20, 2013 /CNW/ - Recent heavy rains and spring run-off in southern Alberta caused a flooding of the Sheep River. As a precautionary measure, Legacy was in the process of shutting in production in the Turner Valley Field when a natural gas well, Royalite 19, located at 5-6-20-2W5M in the southwest corner of the town of Turner Valley, had a flow line rupture due to impacts from trees and other debris in the rising flood water. Legacy Turner Valley and head office staff are working [Read more]
MARKETS SINK: TSX gets hit, oil drops, gold plummets
TORONTO - The Toronto stock market headed deeper into the red for a second day Thursday after the U.S. central bank signaled that investors will have to get used to less economic stimulus and ultimately higher interest rates. The S&P/TSX composite index ended its worst single-day sell-off since April 15 by closing down 299.71 points or 2.44 per cent at 11,968.57. That left the TSX down 465 points or 3.75 per cent so far this year. The slide cut across all sectors as the TSX was also caught [Read more]
Huntington Announces Changes to the Board of Directors and Appointment of New Officer
CALGARY, ALBERTA--(Marketwired - June 20, 2013) - Huntington Exploration Inc. ("Huntington" or the "Company") (TSX VENTURE:HEI) announced today that Robert Verhelst, the President and Chief Executive Officer of the Company, and Mr. J. Timothy Bowes have been appointed to the Board of Directors of the Company. In addition, Mr. Bowes has also been appointed as the Vice-President, Land and Business Development and Corporate Secretary of the Corporation. Mr. Bowes (MBA) was previously President [Read more]
Protesters disrupt work at Enbridge oil pipeline near Hamilton
HAMILTON - A small group of activists disrupted work at an Enbridge pumping station outside Hamilton Thursday to protest the company's plan to reverse the flow of oil in one of its pipelines.Enbridge spokesman Ken Hall said protesters arrived at the company's Line 9 pumping station in North Westover at 6:30 a.m., and forced the workers to shut it down.Enbridge (TSX:ENB) has already received approval by the National Energy Board to reverse the flow of oil between Sarnia, Ont., and North [Read more]
Sour gas leak forces evacuations, confines people to homes in southern Alberta
TURNER VALLEY, Alta. - A leak of potentially deadly sour gas in a southern Alberta town that also faced flooding caused evacuations and confined other residents to their homes on Thursday."The town of Turner Valley has evacuated some residents and has put others under shelter-in-place as a precautionary measure," said Cara Tobin of the Alberta Energy Regulator.About 150 people were forced to leave the town of about 2,500, said RCMP Sgt. Patricia Neely.The leak was at the south end of [Read more]
Industrial sector natural gas use rising
Source: Data through March 2013: EIA-857, Monthly Report of Natural Gas Purchases and Deliveries to Consumers, April and May 2013: Bentek Energy LLC. Note: Figures for April and May 2013 are estimates from Bentek Energy LLC based on pipeline flows, represented as a dashed line. Natural gas use for industrial purposes was more than 3%, or 0.6 billion cubic feet per day, greater during the first five months of 2013 compared to the same period in 2012. Higher industrial gas usage reflects [Read more]
Manitok Energy Inc. Announces Flow Rate Test of 828 BOE/D on Its Latest Stolberg Cardium Oil Well
CALGARY, ALBERTA--(Marketwired - June 20, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. The 15th Cardium oil well in Manitok's Stolberg drilling program was recently completed and production tested. It is the third horizontal Cardium oil well of a four well pad in which Manitok has a 33.3% [Read more]
Redford stresses same values with U.S. over Keystone XL pipeline
EDMONTON - Alberta Premier Alison Redford says the United States and Canada share political and environmental values and must work together to become energy independent of those who do not.Redford made the comments in a speech today to the Foreign Policy Association in New York City.Redford says until recently North Americans had no choice but to import oil from countries that didn't live up to their values.Redford didn't specify which countries don't share North American values, but [Read more]
Lone Pine Resources Receives Notice of Failure to Satisfy an Additional New York Stock Exchange Continued Listing Standard
CALGARY, ALBERTA--(Marketwired - June 19, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (TSX:LPR)(NYSE:LPR) today announced that the Company has received a notice of failure to satisfy an additional New York Stock Exchange ("NYSE") continued listing standard because the Company's average global market capitalization was less than US$75 million over a consecutive 30 trading-day period. Under applicable NYSE procedures, the Company has 45 days from the receipt of the notice to [Read more]