Baytex Energy Corp. (ticker: BTE) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta.
Cash consideration for the acquisition of $65 million (net of …
From BNN
WOULD ANY ‘BIG BORDER TAX’ APPLY FOR CANADIAN OIL IMPORTED INTO THE USA?
Trump has threatened many companies, though largely those involved in the automotive industry, with a “big, big border tax” for production coming from outside the …
Alberta-based Tamarack Valley (ticker: TVE) announced its fourth quarter results as well as the company’s 2017 capital program. The company said that production exceed it previous guidance …
From the Financial Post
With Inauguration Day just around the corner, it is important to remember that every new administration brings changes.
The incoming U.S. president has expressed skepticism about several international …
Lack of confidence in the economy is no longer a top barrier to investment, according to …
MEG Energy Corp. (ticker: MEG) announced today that is planning to commence, subject to market and other conditions, a private offering of US $750 million in aggregate principal amount of new senior secured notes due 2025 (the “Secured Notes”). The …
Tamarack Valley Energy (ticker: TVE) has completed the acquisition of Spur Resources Ltd.
Immediately prior to the closing of the acquisition, Spur conveyed all of its non-Viking assets to a newly formed private company, to be led by the former …
Blackbird Energy Inc. (ticker: BBI) completed the construction of its 100% owned and operated 12-14-70-7W6 Elmworth facility and gathering system near the budget of $16.1 million. Commencement of production is anticipated by the end of January 2017, Blackbird said in …
AltaGas Ltd. (ticker: ALA) announced a positive …
Crew Energy Inc. (ticker: CR) reported today that it has approved a 2017 capital expenditure program of $200 million designed to achieve production growth to over 30,000 BOEPD in the fourth …
Calgary-based Encana Corp. (ticker: ECA) announced today that following a strong performance in the fourth quarter of 2016, the company now believes that production will reach or exceed the high …
Chinook Energy Inc. (ticker: CKE) reported that it has successfully completed its three-well (2.62 net wells) drilling program at Birley/Umbach, that was announced on November 9, 2016.
Chinook said it drilled the wells on schedule and under budget by approximately …
Alberta’s provincial government has decided to leave royalty rates largely unchanged after the leadership ran on a platform that promised to change rates to ensure the province was receiving its fair share. …
Veresen Inc. (ticker: VSN) has announced the sanction of an additional $195 million to new gas processing facilities at Veresen Midstream, further expanding its footprint …
Golden, Colorado-based Transworld Technologies Inc. (TTI) announced that the company will implement its bioenhanced oil recovery (BioEOR) technology in Canada for the first time. The project …
Calgary-based Precision Drilling Corp. (ticker: PDS) announced Tuesday that the company will swap its Canadian Coil Tubing operations for Essential Energy Services’ (ticker: ESN) service rig business. In addition to the swap …
Husky Energy (ticker: HSE) announced today that its capital expenditure program for 2017 will be in the range of $2.6-2.7 billion and is expected to be fully funded within cash flow from operations.
Husky said its overall sustaining …
Canadian Natural Resources Limited (ticker: CNQ) said it has reached an agreement to sell all of its interests in the Cold Lake Pipeline to Inter Pipeline Ltd.
The transaction consists of the monetization of the Company’s entire 15% ownership interest …
Calgary-based Strategic Oil & Gas (ticker: SOG) announced its capital budget for the first half of 2017 Friday. The company plans to spend $30 million in the first six …
Calgary-based TransCanada Corp. (ticker: TRP) announced Wednesday that the company’s wholly-owned subsidiary, NOVA Gas Transmissions Ltd. will proceed with its $655 million Saddle West natural gas …
Calgary-based Manitok Energy Inc. (ticker: MEI) announced that the company has set a new production record. Manitok is currently producing at levels exceeding 7.1 MBOEPD (40% light oil and liquids), based on field estimates…
From CBC News
Alberta is poised to emerge from one of the worst recessions in recent history and return to economic growth in 2017, says the Conference Board …
Canada’s Fraser Institute says that Oklahoma has beaten Texas in something else.
According to the Canadian think tank’s annual global survey of petroleum sector executives, …
Suncor reported that the Tax Court of Canada has issued a favorable order resolving the previously disclosed dispute with the Canada Revenue Agency (CRA). The dispute was in regards to the income tax treatment of realized losses in 2007 on …
Bellatrix Exploration (ticker: BXE) has announced that it will sell certain non-core assets in the greater Harmattan area of Alberta for $80 million. The deal will close at year-end.
The …
Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 …
From CBC
A comprehensive measure of Canada’s national wealth shows it has been stagnant for decades and is too heavily dependent on housing and oil and gas, says a groundbreaking national report by the International Institute for Sustainable Development.…
Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) announces its financial and operating results for the third quarter of 2016.
The full text of Manitok’s third quarter results are contained in its unaudited condensed interim …
From Financial Post
Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd. and Suncor Energy Inc. are expected to be the primary beneficiaries of the Canadian government’s approval of Kinder Morgan’s Trans Mountain pipeline and Enbridge’s Line 3 replacement …
From Power Magazine
An agreement between Canada’s federal government and Saskatchewan will allow the province to continue operating its coal-fired power plants beyond 2030 as long as it achieves equivalent emission-reduction outcomes.
The Office of the Minister of Environment …
