MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES - 3RD PARTY REPORTS
Proved producing reserves increased by 7 million barrels to 14.7 million barrels. Proved plus probable ("2P") reserve volumes were approximately 447 million barrels, up 2.5 per cent from a year earlier.
Subject to completion of the Offering, the net proceeds will be used to redeem all of the Company's existing 8.375% senior unsecured notes due 2020.
* Panorama Special Meeting of Shareholders
* Steel Reef Announces $0.0175 per
Common Share Dividend
Read all of this week's announcements...
North American Rotary Rig Counts
- Canadian rig count down 21 at 331
- U.S. rig count up 10 at 751
In 2016 Granite drilled and completed ten 100% working interest horizontal wells with a 100% success rate, converted three producing oil wells to gas injection wells and built up its EOR infrastructure.
The net proceeds received by the Company from the Offering will be used for testing, development, and commercialization activities and for general corporate purposes.
"The $1.4 billion of contracted capital projects in our core natural gas and NGL infrastructure business is now fully funded with no need to access the capital markets.
Today's Energy Prices
Further, the Revised AIF has been revised to include disclosure of contingent resources at a 60% working interest in the Satu Mare Concession in Romania.
due to strong demand, the Company has increased the size of its previously announced short form prospectus offering to up to 23,070,000 units for aggregate gross proceeds of up to C$15,000,000
In Related News
The amount recovered will exceed the amount of the initial incident because 20 kilometres of the 24-inch Enbridge 2A pipeline will require draining.
Oil pipelines exported 15.0 million cubic metres of crude oil and equivalent products to the United States in December. Meanwhile, 7.0 million cubic metres were sent to Canadian refineries.
Pengrowth Announces Plan to Reduce
Outstanding Debt by $530MM
Following these payments, the Company expects its pro-forma debt to be reduced to approximately $1.1 billion and comprised entirely of senior term notes.
Blackbird Energy Announces Non-Binding Nomination for 90 Mmcf/d of Natural Gas Processing by 2021
Blackbird also announced initial Pipestone / Elmworth production figures and team additions commensurate with Blackbird's growth plans.
Perisson Announces Closing of CDN$4 million Secured Debenture Financing
"The Company is now in a position to complete its next phase of equity funding necessary to drive growth through the acquisition of accretive oil and gas properties in Canada."
Questerre closes $24 million private placement
The Company intends to use the net proceeds from the Private Placement to strengthen its working capital and partially financing its ongoing Montney capital program.
Perpetual Strategic Financing Initiatives
"Despite an unprecedented downturn in Alberta's energy sector, Perpetual has demonstrated a focused commitment to building long term value for its investors"
Enbridge Inc. Reports
Fourth Quarter 2016 Results
Earnings were $365 million or $0.39 per common share for the fourth quarter and $1,776 million or $1.95 per common share for the full year.
Claren Energy Provides Corporate Update
Claren is continuing to build a diverse portfolio of low-cost, high-margin international oil and gas assets, and is aggressively pursuing the acquisition of near-term producing assets.
TransGlobe Energy Corporation
Announces an Operations Update
The Company has received access approvals for an additional 28 well locations in the northern NWG area which could be drilled during 2017/18 depending on additional exploration/appraisal results.
In Related News
Enbridge Responds to Suspected
Third-Party Line Strike
There is no volume out estimate at this time. Enbridge crews are working to clean up the release, which is contained in an excavation pit.