MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Revenue this quarter was $202 million or 45% lower than the third quarter of 2015, mainly due to decreased activity in all of our operations.
DualEx acquired producing oil and gas assets in the Peace River Arch area of northwest Alberta
Tervita Corporation and certain of its affiliates and subsidiaries (collectively, the "Tervita Group") have made voluntary filings under Chapter 15 of title 11 of the United States Code.
The acreage includes 61,000 net acres in the Gundy area of Northeast British Columbia, Canada, and 145,000 net acres in the Deep Basin area of West Central Alberta.
* Blackbird Energy Inc. Announces 2016
* Black Diamond Group Limited Announces
* Horizon North Logistics Inc. 2016 Third Quarter
Results Conference Call and Webcast
* Strad Energy Services Ltd. 2016
Third Quarter Results - Conference Call
Read all this week's announcements...
Pursuant to the Acquisition, Tourmaline has agreed to acquire current production of approximately 24,850 boepd, estimated current 2P reserves of 473.5 mmboe(1) and a combined evaluated future drilling inventory of 2,147 locations(
AltaGas Ltd. Reports Strong Third Quarter Results and Announces Final Investment Decision for the North Pine Facility
"Our strong third quarter results continue to highlight the strength of AltaGas' business and the significant growth we achieved in our power segment"
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North American Rotary Rig Counts...
- Canadian rig count up unchanged at 165
- U.S. rig count up 15 at 539
Read this week's complete summary...
The Company also paid US$2 million and issued 14.8 million new common shares of the Company to acquire all of the shares of Thombo Petroleum Ltd., a privately held company operating and holding a 34.5% participating interest in Block 2B.
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The completion of the Arrangement remains subject to the granting of a final order by the Court of Queen's Bench of Alberta and the satisfaction or waiver of other customary closing conditions.
Petrus Resources Operations Update
On October 31, the Company's firm processing agreement through Strachan will expire resulting in approximately $170,000 per month savings in unutilized processing fees. These cost savings will contribute to lower operating costs going forward.
Blue Sky Announces Private Placement Financing
The gross proceeds of the Offering will be used to strengthen the corporate balance sheet, pay existing liabilities and for general corporate purposes.
Xtreme Drilling Corp. Announces
Third Quarter Operations Update
Total utilization for the 21 rig fleet was 22% for the third quarter, compared with a utilization rate of 19% for the prior quarter.
Alliance Pipeline completes Regina Bypass work
Alliance said commercial service would not resume as planned, due to a delay in unrelated maintenance activities at the Aux Sable Liquid Products fractionation facility in Illinois.
InPlay Oil Corp. and Anderson Energy Inc. Announce Closing of "Bought Deal" Financing
Details of the InPlay Financing and the related business combination transaction among InPlay and Anderson were provided in the joint press release dated September 19, 2016.
Pennine Petroleum Corporation secures credit facility for up to C$1M
"Pennine is pleased to announce this Credit Facility, as it will provide management with the confidence to accelerate the development of Pennine's assets in Canada and Albania,"
CGX Energy Provides Operational Update
CGX Energy has entered into a bridge loan facility with Pacific Exploration & Production Corp. in an amount up to U.S.$2 million. This facility shall be used to help CGX Energy fund monthly general and administrative expenses.
In Related News
Government Appoints Temporary
Members to National Energy Board
In June, the NEB announced that it would assign temporary members to travel along the proposed Energy East pipeline route to carry out enhanced community and Indigenous engagement.