CALGARY, June 14, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has closed the first tranche of an asset sale at its Carrot Creek property that was previously announced on June 4, 2013. The first tranche consists of the sale of 60% of the Proven Producing Reserve asset for a price $1,096,688. Transaction metrics of the Proven Producing portion of the sale is $45,700 per flowing barrel. This is based on 60% of the current proven producing rate of 40 BBls [Read more]
Headlines
Police arrest 12 people protesting shale gas activity in New Brunswick
FREDERICTON - Police in New Brunswick have arrested 12 people who were protesting against shale gas exploration in the Harcourt area, north of Moncton. Cpl. Chantal Farrah of the RCMP says the protesters were disrupting work and traffic on Highway 126. She says the seven men and five women are facing mischief charges. There have been several protests over shale gas recently, with six others being arrested on the same charges over the last two weeks. Opponents of shale gas [Read more]
U.S. crude oil production could reach 10 million barrels per day by 2040
An EIA Report: Source: U.S. Energy Information Administration, Annual Energy Outlook 2013. Projected crude oil production in the United States ranges from 6 to 8 million barrels per day (bbl/d) over the next 30 years in the Annual Energy Outlook 2013 (AEO2013) Reference case projection. However, under greater supply assumptions, crude oil production is sustained at a higher level of about 10 million bbl/d between 2020 and 2040 (see chart above). In this higher resource scenario, [Read more]
Mischief charges laid in Bow evacuation
CALGARY - A 26-year-old man is facing mischief charges after an incident earlier this week that saw Calgary's tallest office tower evacuated.On Tuesday, witnesses at The Bow reported seeing a man wielding a knife, uttering threats and making references to terrorism.But by the time police arrived, he had slipped past security and vanished.Police took no chances and ordered everyone to leave the 58-storey structure by the stairs.Later in the week, police said they had a pretty good idea [Read more]
Gas & Oil Expo sets record attendance in final year
Over 25,000 attendees participated in largest Gas & Oil Exposition to-date CALGARY, June 13, 2013 /CNW/ - Gas & Oil Expo 2013 has concluded after three full days of networking, presentations and world-class exhibitions. The biennial event, which took place from June 11-13, 2013, was the largest to date, welcoming more than 25,000 attendees, and over 4,000 exhibitors for a total of 29,000 registered attendees to Calgary's Stampede Park. Opening June 11, Gas & Oil Expo hosted [Read more]
Kinder Morgan says small leak from Trans Mountain pipeline is contained
MERRITT, B.C. - A crew was cleaning up a small oil spill Thursday from Kinder Morgan's Trans Mountain pipeline in British Columbia, where the company plans a controversial expansion through a province where the debate over oil pipelines and the tankers that go with them have played out in the headlines.Initial estimates from the Calgary-based company said 12 barrels, or about 2,000 litres, of light crude leaked before an employee discovered the breach Wednesday about 40 kilometres [Read more]
Moniz says he’ll move fast on natural gas export applications as Canada watches
WASHINGTON - America's newly minted energy secretary, Ernest Moniz, said Thursday that he hopes to quickly begin assessing more than two dozen outstanding applications to export U.S. liquefied natural gas — a pledge that has implications for Canada if it means a significant uptick in American exports.In his first appearance before Congress since his Senate confirmation hearings in April, Moniz was peppered with questions by the House of Representatives' energy and commerce committee [Read more]
Alberta First Nation says waste water from pipeline spill already killing trees
ZAMA CITY, Alta. - A First Nation wants answers from a Texas-based oil company after a pipeline spilled 9.5 million litres of industrial waste water in northern Alberta.Dene Tha' leaders are to meet Monday with Apache Canada Ltd. officials in the remote community of Assumption.Sidney Chambaud, a band councillor, said they want more information about what happened and what the company is going to do about it."There are wildlife impacts and water and land impacts," Chambaud said in an [Read more]
Imperial open to collaboration with other British Columbia LNG players
By Lauren Krugel CALGARY - Imperial Oil is open to working with other players in British Columbia's burgeoning liquefied natural gas scene if it leads to a better project, CEO Rich Kruger said Thursday."We look to manage risks. We look to ensure we have the most profitable projects we can," Kruger told reporters following an investor conference."And if that could include sharing infrastructure, sharing logistics, economies of scale on plants, we'll look at all of those levers that [Read more]
Southern Pacific Provides May Operational Update: Successful High Pressure Steam Stimulation Test at STP-McKay
CALGARY, ALBERTA--(Marketwired - June 13, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of May, 2013 with respect to the Company's STP-McKay and STP-Senlac Thermal Projects. STP-McKay Thermal Project - High Pressure Steam Stimulation ("HPSS") During the month of May, the Company focused its operations on the successful implementation and completion of a High Pressure Steam Stimulation [Read more]