MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES - 3RD PARTY REPORTS
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.
Athabasca has closed a private placement of US$450 million aggregate principal amount of 9.875% senior secured second lien notes due 2022.
* Husky Energy Announces First Quarter 2017
Preferred Shares Dividend Payments
* Pembina Pipeline Corporation Files 2016
Year-End Disclosure Documents
Read all of this week's announcements...
Upstream production was 327,000 boe/day, compared to 357,000 boe/day in the fourth quarter of 2015. This reflected the asset dispositions in Western Canada, natural declines and planned turnarounds.
Enerplus Announces Fourth Quarter and Year-end 2016 Financial and Operating Results and 2016 Year-end Reserves
"Enerplus delivered another strong performance in 2016 underpinned by consistent operational execution, top quartile capital efficiencies, and a continued focus on improving the financial strength of the business. "
"Despite a challenging start, 2016 turned out to be very good year. The passage of modern hydrocarbon legislation in Quebec after six years of public consultations and studies was a huge breakthrough."
Today's Energy Prices
North American Rotary Rig Counts
- Canadian rig count down 21 at 331
- U.S. rig count up 10 at 751
the acquisition of its joint venture partner, Thrace Basin Natural Gas (Turkiye) Corporation for US$22 million in cash effective March 31, 2016
In Related News
The Alberta Energy Regulator (AER) has released new requirements for heavy oil and bitumen operators in the Peace River area to control emissions of gas that contribute to offensive odours.
Natural gas transmission pipelines received 551.4 million gigajoules of natural gas from fields, gathering systems and plants in December. Seven provinces posted receipts, led by Alberta (69.4%) and British Columbia (27.6%).
Harvest Operations Reports
2016 Year End Results
Operating losses for the fourth quarter and twelve months ended December 31, 2016 were $71.4 million and $265.2 million, respectively (2015 - $569.7 million and $1,167.9 million).
Newalta Reports Fourth Quarter and
Year End 2016 Results
Fourth quarter results continued the momentum of sequential quarterly improvements in 2016 and represents the first year-over-year improvement since the beginning of the downturn.
Altura Energy Inc. Grows its 2016 PDP Reserves
Per Share by 153%
The forecasted future net operating income for the next three years from the McDaniel Report based on the January 1, 2017 forecasted pricing is estimated to be $29.0 million for 1P reserves and $44.0 million for 2P reserves.
BlackPearl Announces Fourth Quarter and Full Year 2016 Financial and Operating Results - Work Commences on Phase 2 Thermal Expansion at Onion Lake
Onion Lake is the cornerstone of the Company's current oil production. The first phase of thermal development reached and exceeded its design capacity of 6,000 barrels of oil per day (bbl/d) during the year with operating costs under $10/bbl.
Zargon Oil & Gas Ltd. Announces Q4 2016 Production Volumes and 2016 Year End Reserves
Fourth quarter 2016 production averaged 1,952 barrels of oil and liquids per day, a 33 percent decrease from the preceding quarter rate of 2,915 barrels of oil and liquids per day.
Surge Energy Inc. announces 2016 year end reserves; new net asset value
The Company also reported that its 2016 capital program resulted in a finding, development and acquisition ("FD&A") cost of $3.74 per barrel of oil equivalent ("boe"), on a total proved plus probable basis, including changes in undiscounted future development costs ("FDC").
Serinus Announces Closing of Offering for Gross Proceeds of CDN$25.2 Million
The net proceeds of the Offering will be used by the Company to fund the development of the Moftinu Gas Plant and pre-work for the 2018 drilling program in the Satu Mare Concession in Romania.
In Related News
Rising Oil Production Makes Alberta Fastest Growing Provincial Economy in 2017
Alberta's real GDP (gross domestic product) is forecast to grow by 2.8 per cent this year, the fastest among the provinces, with 0.4 percentage point coming from the rebuilding efforts in Fort McMurray.
Global Petroleum Show an international hub to do business and explore the future of energy
This year, GPS will welcome attendees from all corners of the globe to bring together the latest in thought leadership and technology solutions to aid the oil and gas industry.