CALGARY, ALBERTA--(Marketwired - Apr 8, 2013) - NuVista Energy Ltd. ("NuVista")(NVA.TO) is pleased to announce that it has reached an agreement with Keyera Corp. ("Keyera") for the transportation and processing of its Wapiti Montney condensate-rich natural gas production. The companies have agreed to a 10 year arrangement with an initial firm capacity of 35 MMcf/d of raw natural gas production commencing in the second quarter of 2014, and increasing to 65 MMcf/d potentially as early as late [Read more]
Headlines
Advantage Announces New Natural Gas Commodity Price Hedges
(TSX: AAV, NYSE: AAV) CALGARY , April 8, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has entered into new natural gas commodity price hedges for 2014 to 2016. These hedges will provide cash flow stability to support our capital program that will focus on doubling production at Glacier to 200 mmcf/d by Q1 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as [Read more]
Tuscany International Drilling Inc. Announces Hiring of Financial Advisors to Conduct Review of Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - April 8, 2013) - Tuscany International Drilling Inc. ("Tuscany" or the "Company") (TSX:TID) (COLOMBIA:TIDC) is a Canadian-based oilfield services company, offering drilling, completion and workover services to the international oil and natural gas industry. The Board of Tuscany announces that it has retained Citigroup Global Markets Inc. ("Citi") and Black Spruce Merchant Capital Corp. ("BSMC") as its financial advisors to consider a range of potential [Read more]
Iron Lady dies at 87
LONDON (AP) -- Margaret Thatcher, the "Iron Lady" who infuriated European allies, found a fellow believer in Ronald Reagan and transformed her country by a dedication to free markets in 11 years as prime minister, has died. She was 87 years old. Here are the milestones in the life and career of Britain's former Prime Minister Margaret Thatcher: Oct. 13, 1925: Born at Grantham, central England. June 1947: Graduates from Oxford with a chemistry degree. Dec. 13, 1951: Marries Denis [Read more]
GE to buy Lufkin Industries for about $3B
NEW YORK (AP) — General Electric has agreed to buy oilfield equipment maker Lufkin Industries for $3 billion, as GE takes steps to grow its oil and gas operations. GE said Monday that it would pay Lufkin shareholders $88.50 per share in the all-cash deal, a 38% premium over Lufkin's closing price Friday of $63.93. With 33.1 million Lufkin shares outstanding, that would value Lufkin at about $3 billion. The companies valued the deal at $3.3 billion. GE CEO Jeff Immelt is in the process [Read more]
Anterra Completes $7 Million Financing With LandOcean
CALGARY, ALBERTA--(Marketwired - April 8, 2013) - Anterra Energy Inc. (TSX VENTURE:AE.A) ("Anterra" or the "Company") is pleased to announce that the previously announced financing with LandOcean Energy Services Co. Ltd ("LandOcean") of Beijing, China has now been completed. LandOcean's subsidiary, LandOcean Resources Investment Canada Co. Ltd., has acquired 107,692,308 Class A shares of Anterra at a price of $0.065 per share, which represents 27.6% of Anterra's outstanding Class A [Read more]
Enbridge, EDF Energies buy $600-million Alberta wind project from Greengate
By The Canadian Press TORONTO - Enbridge Inc. (TSX:ENB.TO ) and a subsidiary of EDF Energies Nouvelles have teamed up to buy the Blackspring Ridge wind project in Alberta on a 50-50 basis. The project was acquired from Greengate Power Corp., which says Blackspring Ridge represents a $600-million investment in wind energy. Financial details of the transaction weren't disclosed in Monday's announcement. When completed, it will have 166 turbines — making it the biggest wind power [Read more]
DeeThree Exploration Ltd. Announces a 1580 bbl/d Brazeau Belly River Oil Test
CALGARY, ALBERTA--(Marketwired - April 8, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (DTX.TO)(DTHRF) is pleased to announce the results of a four day production test of its most recent horizontal Belly River oil well in its Brazeau property. The Company has a 100% working interest in the well. After fracture stimulation, the well continued to flow for four days up the 4 1/2" frac [Read more]
TriOil updates corporate presentation on website
CALGARY, April 7, 2013 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV: TOL) announces that an updated presentation has been posted on the Company's website at www.trioilresources.com. The corporate presentation will be located under the Investor Information - Presentations page of the website. TriOil is a Calgary, Alberta based company engaged in the exploration, development and production of petroleum and natural gas. TriOil has approximately 64.0 million class A shares issued [Read more]
Natural gas surges to 20-month high
By BOE Report staff Natural gas prices have been rising quickly in recent months as cold weather blanketed the United States through March and into early April. Half of U.S. homes use natural gas for heating. NYMEX natural gas rose 4.6 per cent Friday to close at $4.13 per thousand cubic feet. That's the highest close for natural gas since August 2011. The price has doubled since last year at this time, when the nation was emerging from the warmest winter on record. AECO gas finished up [Read more]