MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES - 3RD PARTY REPORTS
Pengrowth Announces Interim 2017 Capital Budget With Optimization and Development of Its Lindbergh Thermal Project
The interim 2017 capital budget of $125 million represents a conservative spending level given the asset sales process and the Company's focus on improving its financial flexibility ahead of its scheduled debt maturities in 2017.
Kelt received gross proceeds, prior to adjustments at closing, in the amount of $100.0 million, including $6.2 million which is being held in escrow subject to certain preferential rights.
During the quarter, Tamarack achieved record production that averaged approximately 11,453 boe/d (55% liquids) based on December field estimates, exceeding previous exit guidance of 11,000 boe/d.
* Enerplus Announces Conference Call for
Year-End 2016 Results
* Husky Energy to Present at CIBC
Institutional Investor Conference
Read all this week's announcements...
North American Rotary Rig Counts
- Canadian rig count up 110 at 315
- U.S. rig count down 7 at 659
InPlay's 2017 capital program is predominantly focused on drilling approximately twelve net horizontal Cardium wells and the completion and tie-in of three Cardium horizontal wells that started drilling in late 2016.
Trinidad's 2017 capital budget includes maintenance capital to re-certify existing equipment and replenish drill pipe inventory, as a growing number of rigs return to work.
Today's Energy Prices
The OGA has agreed, in principle, subject to the usual regulatory consents and certain conditions, to the continuation of the Bagpuss licence into the second 4 year term.
In Related News
MGX Minerals Provides Additional Details on Lithium Extraction from Oilfield Wastewater and the Future of Petrolithium
"This may prove to be one of the most important developments in the energy industry since the commercial development of shale oil."
Canada produced 126.0 million barrels of crude oil and equivalent products in October, up 7.5% compared with the same month in 2015.
Pembina Pipeline Corporation Announces
$600 Million Public Note Offering
Closing of the Offering is expected to occur on January 20, 2017 and the net proceeds will be used to repay short-term indebtedness as well as to fund Pembina's capital program and for other general corporate purposes.
Trilogy Energy Corp. Provides Update
on Q4 2016 Operations
Trilogy's 2016 annual production averaged approximately 21,800 Boe/d, with an exit rate in December 2016 of approximately 23,800 Boe/d
Aveda Transportation and Energy Services Announces $10 Million Equity Financing
The Company and the Agents will conduct a marketing roadshow in respect of the Offering over several weeks, thereby providing investors an opportunity to better understand the material improvements in the Company's affairs
Strad Energy Services Ltd. Announces Increase to Previously Announced Bought Deal Financing
The net proceeds of the Offering (including the net proceeds from the exercise of the Over-Allotment Option, if any) will initially be used by the Company to reduce outstanding bank indebtedness.
Ideal Completion Services Closes Acquisition of Flowback and Production Testing Assets from Cathedral Energy Services
The $17.8 million acquisition was fully funded by management and ENR Partners LP, which is an affiliate of Edge Natural Resources LLC.
Mooncor Updates its Marketing Efforts
of its 3D Seismic in Montana
The goal of the Company is to license its 3D Seismic which the Company believes will lead to future opportunities for potential joint ventures, partnerships or farm in agreements.
Africa Oil Announces Oil Discovery
on Erut Prospect in Kenya
The PR Marriott Rig-46 drilled the Erut-1 well to a final depth of 1,317 meters and will now move to the southern part of Block 10BB where it will spud the Amosing-6 appraisal well.
In Related News
Stronger Canadian Economy Anticipated in 2017
Following an increase of just 1.3 per cent last year, Canada's economic growth is expected to accelerate to 1.9 per cent in 2017, according to The Conference Board of Canada.
Ontario's costly coal phase-out did not significantly reduce air pollution -- a lesson for Ottawa
These findings confirm the government's own internal forecasts prior to the coal phase-out.