MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Given current commodity prices and through critical assessment of the half-way pools on the leasehold, the Company’s engineers have determined that there is a significant potential for oil production expans
The net proceeds resulting from the Offering will be used to partially fund AltaGas' capital growth program, reduce bank indebtedness and for general corporate purposes.
Given the strong results of Bonavista's drilling program and significant efficiencies achieved year-to-date, this financing allows Bonavista the latitude to expand its capital program
Today's Energy Prices
* Baytex to Webcast Annual and Special
Meeting of Shareholders
* Husky Energy to Hold Investor Day
on June 1, 2016
Read all this week's announcements...
With our realized commodity prices at record lows in the first quarter we continued to aggressively focus on reducing all costs, minimizing capital spending and maintaining production.
North American Rotary Rig Counts
- Canadian rig count up 1 at 44
- U.S. rig count down 2 at 404
Canada's Oil and Energy Industry Remains Positive about the Future Despite Increasing Market Volatility
"The price downturn that we continue to experience shows that there is a lot beyond Canada's control when it comes to global oil and natural gas prices."
"Although February was a tough month for Bakken activity and budgetary considerations for the state, Dalrymple said he sees the recovery coming and when he talks to companies about their plans for the future everything is good"
49 North Resources Inc. Announces Completion of Transaction with Westcore Energy Ltd.
49 North Resources Inc. (TSXV: FNR) announces the completion of the previously announced transaction with Westcore Energy Ltd. regarding the sale of a 100% working interest in the oil and gas properties of Allstar Energy Limited
Tidewater Midstream and Infrastructure Ltd. Announces First Quarter 2016 Results
Tidewater delivered strong financial results in the first quarter of 2016, generating adjusted earnings of $7.3 million
Leucrotta Announces Q1 2016
Financial and Operating Results
At the end of Q1 2016, Leucrotta maintained a cash and working capital balance of $41.0 million and has no debt.
Striker Exploration Corp. Announces First Quarter Operating and Financial Results
As previously announced, the Company's Board of Directors has determined that it is timely, prudent and in the best interests of shareholders to initiate a formal process to explore strategic alternatives
Perpetual Energy Inc. Announces Closing of Warwick Gas Storage Disposition
The transaction included the disposition of Perpetual's share of WGS LP's $8.3 million of debt net of working capital held by the partnership.
Gemini Corporation reports
2016 first quarter results
"In the first quarter we continued to reduce costs and restructure our organization to stabilize Gemini's business in the current market environment," stated Peter Sametz, Gemini's President and CEO
Relentless Announces 2016 Q1
Financial and Operating Results
Although current commodity prices have reduced capital spending and have not allowed for production growth, the Company's Heathdale property provides high impact oil projects which can be easily ramped in an improved price environment
RMP Energy Announces Gold Creek
Drilling Results and Acquisition
The acquisition of key Montney assets, provides infrastructure in its Gold Creek area, for total cash consideration of approximately $10.0 million
PetroMaroc Q1 2016 Results
The Company has been reviewing alternatives to address its debt and share capital structure with a focus on debt reduction.
Sterling Resources Files Executive Summaries of Reserves Reports and Discloses Contingent and Prospective Resources
The executive summaries were prepared by the Company's independent reserves evaluator RPS Energy Canada Ltd.
Antrim Energy Inc. Announces
2016 First Quarter Results
Antrim, with its current cash resources, no debt and no decommissioning obligations, continues to maintain a strong financial position.
In Related News
13 Project Agreements Completed with First Nations Along Coastal GasLink Pipeline Route
Agreements vary, and enable First Nations to allocate the benefits in areas that are of most importance to their community.