Breitling Energy Corporation (OTCBB: BECC) announces its third well under the previously announced Farmout Agreement in the Permian Basin of west Texas spud yesterday. The Sellers ‘66’ #1 is expected to be drilled to a depth of approximately 8,600 vertical feet within 30 days under normal field operations. The Company anticipates intersecting similar pay zones as its other two wells
Story by The Canadian Press RBC Economics has downgraded its latest forecast for the Canadian economy in 2015 after a sharp drop in energy prices. The bank projects Canada’s real GDP to grow by 2.4 per cent this year — a reduction of 0.3 percentage points from its forecast issued last December. RBC says while the drop in energy prices
TransMontaigne Partners L.P. Announces Financial Results for the Three Months and the Year Ended December 31, 2014 and the Filing of Its Annual Report on Form 10-K DENVER–(BUSINESS WIRE)– TransMontaigne Partners L.P. (TLP) today announced its financial results for the three months and year ended December 31, 2014. FINANCIAL RESULTS “I am pleased to report that TransMontaigne Partners L.P. generated EBITDA of
Targa Resources Corp. Prices Public Offering of Common Stock HOUSTON, March 12, 2015 (GLOBE NEWSWIRE) — Targa Resources Corp. (the “Company”) (TRGP) announced today that it has priced an underwritten public offering of 3,250,000 shares of its common stock at $91.00 per share. The Company granted the underwriter a 30-day option to purchase up to an additional 487,500 shares of
Helmerich & Payne, Inc. (HP) (the “Company”) announced today that its wholly owned subsidiary Helmerich & Payne International Drilling Co. (“Helmerich & Payne International Drilling”) has priced its previously announced private offering of $500 million aggregate principal amount of 4.65% senior notes due 2025. The notes initially will be guaranteed on a senior unsecured basis by the Company. Helmerich &
Story by Reuters The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday. The new agreement would be for four years, a year longer than previous agreements, several people told Reuters. The deal, which still needs
“Active” 2014 Program Positions Bellatrix for the Future Bellatrix Exploration (ticker: BXE), a Calgary-based E&P with operations in Alberta, British Columbia and Saskatchewan, built on its increased reserves by announcing a net profit of $163.1 million ($0.89 per share) in its full-year 2014 results, announced on March 12, 2015. Nearly one-third of the profit was achieved in the fourth quarter,
Texas LNG announced today that it began the pre-filing process with the FERC Houston Texas based Texas LNG Brownsville announced today that it has begun the pre-filing process with the Federal Energy Regulatory Commission (FERC), putting it one step closer to the expected start-up date of its first liquefied natural gas (LNG) facility, according to a company press release. Texas
PEMEX struggles to replace production Mexico’s proven oil and gas reserves fell by 3.1% last year to 13.02 billion BOE as national oil-major Petroleos Mexicanos (PEMEX) was unable to find enough new reserves to replace production last year, the National Hydrocarbons Commission said. Proved reserves in 1990 stood at 55 billion BOE, but have since been in sharp decline, reports
U.S. Oil Sands Inc. Announces 2014 Year End Results, Filing of Resource Evaluation Report, Grant of Security Based Compensation and Provides Operational Update CALGARY, ALBERTA–(Marketwired – March 11, 2015) – U.S. Oil Sands Inc. (“U.S. Oil Sands” or the “Company“) (TSX VENTURE:USO), a company focused on oil sands exploration and production in Utah today announced that it has filed its
Tamarack Valley Energy Ltd. Announces 78% Increase to Reserves and Record Fourth Quarter Production CALGARY, ALBERTA–(Marketwired – March 12, 2015) – Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) (“Tamarack” or the “Company“) is pleased to announce the results of its independent reserves evaluation as of December 31, 2014, which includes a 78% increase in proved plus probable (“2P”) reserves to 33.236
Total Energy Services Inc. Announces 2014 Results CALGARY, ALBERTA–(Marketwired – March 12, 2015) – Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three and twelve-month periods ending December 31, 2014. Financial Highlights ($000’s except per share data) Three Months Ended Dec. 31 Twelve Months Ended Dec. 31 (unaudited) (audited) 2014 2013
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