IRVING, Texas - Private equity firm Energy Capital Partners is continuing its move into the oilfield services sector with the acquisition of Canadian pipeline contractor Pipeworx Ltd. The deal was done through PLH Group Inc., an EC Partners company, which said Edmonton-based Pipeworx gives it a presence in Western Canada as part of a North American strategy. PLH announced the purchase Wednesday but didn't release financial details. "Canada, and Western Canada in particular [Read more]
Headlines
Edge Resources Inc. Provides Production Update
CALGARY, ALBERTA--(Marketwired - Apr 2, 2013) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(EDG.L) is pleased to announce that the first well of the Company's spring drilling program in Asset East (announced February 27, 2013), has been on production for the last thirty days and is producing better than expected. The well has averaged approximately 50 barrels of oil per day ("bopd") over the majority of the initial production period but has recently increased to over 60 [Read more]
Novus Energy Inc. reports significant 2012 reserves & production growth
CALGARY, April 17, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV:NVS.V) is pleased to announce a substantial increase to its reserves and production from its successful 2012 capital program. The Company's year-end independent reserve evaluation was prepared by Sproule Associates Limited ("Sproule") effectiveDecember 31, 2012 (the "Sproule Report"). Reserve Highlights Proved reserves at December 31, 2012 increased by 68% to 14.85 million boe, up substantially from 8.84 [Read more]
Shoreline Energy Corporation Announces Flow-Through Private Placement Financing
CALGARY, ALBERTA--(Marketwired - April 17, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Company") is pleased to announce that it has entered into an agreement with Casimir Capital Ltd. (the "Agent") to act as agent with respect to a private placement, on a reasonable commercial efforts basis, of up 1,250,000 common shares of the Corporation, issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through [Read more]
Some Alberta municipalities, energy firms want more provincial processing
By John Cotter, The Canadian Press EDMONTON - Alberta could create thousands of new jobs and take in an extra $600 million in annual revenue if more oil and natural gas were processed in the province instead of being shipped raw to other jurisdictions, says a newly released report. The paper by a University of Calgary economist was commissioned by municipalities and energy companies in the Edmonton region known as Alberta's Industrial Heartland Association. The association [Read more]
Enbridge, Tundra to expand Manitoba rail terminal to move more crude to market
CALGARY - Enbridge Inc. and privately-held Tundra Energy Marketing Ltd. are working together on a project to bring growing light oil production from Saskatchewan, Manitoba and North Dakota to market by rail. Under a memorandum of understanding announced Tuesday, each company will own half of a loading terminal near Cromer, Man., which should be able to handle some 60,000 barrels of crude per day early next year. The first 30,000-barrel-per-day phase, under construction, is [Read more]
TSX advances, investors buy up resource stocks beaten down by weak Chinese data
By Malcolm Morrison TORONTO - The Toronto stock market was higher Tuesday as traders cautiously bought into stocks that sustained steep losses in the previous session when disappointing Chinese growth data sent commodities and resource stocks tumbling. The S&P/TSX composite index gained 69.01 points to 12,073.89 after the market registered its biggest one-day tumble since last June and the lowest close since mid-November, plunging 333 points. The TSX was also heavily [Read more]
Secure Energy Announces Initial Dividend and Dividend Re-Investment Plan
CALGARY, ALBERTA--(Marketwired - April 15, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES Secure Energy Services Inc. ("Secure" or the "Corporation") (SES.TO) today announced that its Board of Directors has declared its initial monthly dividend of $0.0125 per common share ("Common Share") payable on or about May 15, 2013 (the "May 2013 Dividend") to shareholders of record on May 1, 2013. The ex-dividend date is April 29, 2013. The dividend on an [Read more]
Enbridge Announces Closing of $600 Million Common Equity Offering
CALGARY, ALBERTA--(Marketwired - April 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Enbridge Inc. (ENB.TO) (ENB) today announced it has closed its previously announced public offering of common shares underwritten by RBC Capital Markets and Scotiabank. Enbridge issued 13.02 million common shares for gross proceeds of $600.4 million. Proceeds will be used to fund our recently announced regional oilsands, renewable energy, and natural gas [Read more]
Cequence Energy announces completion of the asset exchange for properties in Simonette and Resthaven
CALGARY, April 15, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX:CQE.TO) is pleased to announce that it has closed the previously announced asset exchange with Donnybrook Energy Inc. ("Donnybrook") (TSXV:DEI.V) for Donnybrook's oil and gas properties located in the Simonette and Resthaven areas of Alberta (the "Donnybrook Assets") for Cequence's oil and gas assets located in the Fir area and an aggregate of 10,300,000 common shares in the capital of Cequence ("Cequence Shares"). The [Read more]