Savanna Energy Services Corp. Purchases $39.6 Million of Senior Unsecured Notes
Including accrued and unpaid interest, the total consideration paid for the tendered SVY Notes was $40.2 million.
Cardinal Energy Ltd. Closes $170 Million Bought Deal Financing
The proceeds will be used in part for the previously announced acquisition of certain high quality, low decline light oil assets located in the Weyburn/Midale area of southeast Saskatchewan.
DXI Energy Closes Restructure of $6.5 Million of Senior Debt and First Tranche of Equity Private Placement
“These first steps are just the beginning of our transition to a financially stronger E&P company with an improved capital structure designed to rekindle investor attention."
PHX Energy Receives TSX Approval for Normal Course Issuer Bid
PHX Energy believes that within a continued volatile market environment, at times, the prevailing market price does not reflect the underlying value of its Common Shares and the repurchase of its Common Shares represents an attractive opportunity to enhance PHX Energy's per share metrics.
Total Energy Services Inc. Completes Acquisition of Savanna Energy Services Corp
The Savanna Shares are expected to be delisted from the TSX effective immediately following the close of trading on June 20, 2017
Keyera Announces $400 Million Private Placement Debt Financing
The transaction provides Keyera with long-term financing at attractive rates. Proceeds from the Notes will be used to repay short-term debt incurred to execute Keyera's capital program and for general corporate purposes
Cenovus targets $4 billion to $5 billion
in asset sale agreements by year end
The divestiture processes for the Pelican Lake and Suffield assets are already well underway, and the company is now in the process of preparing data rooms for its Palliser asset in southern Alberta and its Weyburn CO2 enhanced oil operation in southern Saskatchewan.
Encana driving efficiency with cube development
Encana's cube development drives significant capital and operational efficiencies which are delivering drilling and completions savings of approximately $1.2 million per well compared to traditional single well development.
Eagle Energy Inc. Announces Independent Advisory Firm Recommendation
Eagle Energy Inc. announces Institutional Shareholder Services Inc. ("ISS") recommendations for voting and additional cost reduction initiatives.
Total Energy Services Inc. Announces New Syndicated Credit Facilities
The Credit Facility is expected to become effective on June 20, 2017, at which time it will replace the Company's existing $65 million credit facility and the $150 million credit facility previously established by Savanna Energy Services Corp.
Westcore Energy Ltd. Provides Drilling Update at Flaxcombe
The three well program commenced on June 1, 2017 and drilling was completed on June 14, 2017. The program was designed based on the re-interpretation of a 3D seismic survey that Westcore acquired with the property.
Strategic Oil & Gas Ltd. Commences Summer Drilling Program
The new Muskeg wells have been designed and equipped with downhole equipment to handle the associated gas production and improve the efficiency of the pump jack over the life of the well.
Valeura Announces Closing of the Subsequent
West Thrace Deep Rights Sale to Statoil
As a result of this sale transaction, Statoil increases its participating interest to 50% and Valeura retains a 31.5% participating interest in the deep formations below 2,500 metres on the West Thrace lands.
TAG Oil Announces an Increase in FY2017 Independent Reserves Results
ERC's 2P reserves estimates at March 31, 2017, were 4,143 Mboe (92% oil) compared to 3,619 Mboe (93% oil) 2P reserves reported by TAG Oil at March 31, 2016.
Condor Begins Drilling the Yakamoz 1 Exploration Well
The well is expected to reach its planned total depth of 2000 meters in early Q3 2017.
Sterling Resources Ltd. Confirms First Distribution in Connection with
Winding-Up and Dissolution
The expected aggregate distributions to Shareholders remains in the range of US$109.3 million to US$112.5 million, as stated in the Management Information Circular dated April 5, 2017.
IN RELATED NEWS
Pipeline transportation of oil and other liquid petroleum products, April 2017
Pipelines received 18.5 million cubic metres of crude oil and equivalent products from Canadian fields and plants in April, up 8.0% compared with the same month in 2016. Receipts from Alberta and Saskatchewan accounted for 97% of total receipts
Niko Reports Results for the Year Ended March 31, 2017
The focus of our efforts continues to be to achieve our overarching goal of enhancing value and ultimately monetizing the Company's core assets for the benefit of all its stakeholders.
Claim Post Resources Inc. Completes Over-Subscribed Non-Brokered Private Placement of Unsecured Convertible Debentures
The net proceeds of the Offering will be used for the early repayment of existing shareholder loans owed to the Company, the final payment to a third party on a quarry lease on the Company's "Seymourville Silica Sand Project" and for general working capital purposes.
DIVERGENT Energy Services Corp.
Announces Update on Linear Pump
During the test, which lasted nearly 90 days, the Linear Pump performed exceptional at rates from 100 bbl/d and 135 bbl/d and under a variety of scenarios for stroke length and speed that resulted in valuable data to optimize the Linear Pump's efficiency.
Canada Energy Partners Updates Appeal
Process for Water Disposal
All submissions related to the appeal must now be delivered by July 20th, after which the Tribunal will deliberate and render a decision.
Supply and disposition of refined
petroleum products, March 2017
Canadian refineries received 8.6 million cubic metres of crude oil in March, edging up 0.1% from the same month in 2016. Domestic crude oil receipts increased 3.0% from March 2016 to 5.6 million cubic metres. Crude oil imports decreased 4.8% from March 2016 to 3.1 million cubic metres.
Crude oil and natural gas: Supply and
disposition, March 2017
Year over year, the production of crude oil and equivalent products continued to rise. The increase was primarily attributable to non-upgraded crude bitumen production (up 9.8% to 8.1 million cubic metres).
DIVERGENT Energy Services Announces
Shares for Interest Transaction
DIVERGENT Energy Services Corp. announces that it has elected to satisfy the interest obligation in the amount of $143,356.16 due on June 30, 2017 (the "Interest Obligation") by the delivery of 843,272 common shares of the Corporation
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.