Husky Energy announces first production of its Sunrise Energy Oilsands Project Husky Energy (ticker: HSE) announced Wednesday that oil production at the Sunrise Energy Project in northern Alberta has begun. Sunrise is located about 37 miles northeast of Fort McMurry with 3,700 MMBO of 3P reserves, according to the company. Steam operations at the project began in December 2014. Total
Peyto Exploration & Development Corp. Confirms Dividends for April 15, 2015 CALGARY, ALBERTA–(Marketwired – Mar 13, 2015) – Peyto Exploration & Development Corp. (PEY.TO) (“Peyto”) confirms that the monthly dividend with respect to March 2015 of $0.11 per common share is to be paid on April 15, 2015, for shareholders of record on March 31, 2015. The ex-dividend date is
“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,
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
March 12, 2015 08:50 ET Baytex Announces Increase in Bought Deal Financing to $550 Million CALGARY, ALBERTA–(Marketwired – March 12, 2015) – Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that it has reached an agreement with its syndicate of underwriters co-led by Scotiabank and RBC Capital Markets (collectively, the “Underwriters”), pursuant to which the $500 million “bought deal” offering of
The Ontario Premier says the province is considering selling a stake in the provincial electricity transmission and distribution company Kathleen Wynne, Premier of Ontario, said today that the province is considering whether to sell a stake in Hydro One Inc., the province’s electricity transmission and distribution company. A provincial advisory panel is continuing to explore the option of offering a
2014 closed the largest capital program in the history of Bellatrix Exploration (ticker: BXE), and the results were evident on its latest reserves report issued on March 9, 2015. The totals, determined by an independent evaluation, showed proved reserves of 161 MMBOE and proved developed producing reserves of 74 MMBOE – respective increases of 30% and 37% compared to 2013.
Blackbird Energy of Alberta Canada announced two ‘significant’ discoveries at Elmworth Blackbird Energy (ticker: BBI) based in Calgary, Alberta, announced this week that its first two operated horizontal Montney wells on Blackbird’s 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The wells separately targeted the Middle Montney and Upper Montney intervals. The company is
The Senate is unable to override the president’s veto of TransCanada’s (ticker: TRP) Keystone XL pipeline The Senate was unable today to override President Obama’s veto of a bill that would have allowed for the construction of the Keystone XL pipeline. President Obama vetoed the bill last month, saying the legislation “attempts to circumvent longstanding and proven processes for determining
Predicted investment growth of 30% set to come in 2015 for Canadian petrochemical industry The Chemistry Industry Association of Canada (CIAC) predicts a 30% growth of capital investments in 2015, up to $3.4 billion overall, according to a report from Petrochemical Update. The report cites Canada’s pro-business taxes, ample resources and energy infrastructure as reasons for the increased investment. David
