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WEC - Western Engineered Containment
Copper Tip Energy


Penn West name change approved; company plans growth with controlled spending

CALGARY — The CEO of Penn West Petroleum (TSX:PWT) says the oil and gas producer is changing more than its name as it looks to turn its back on its high-spending past and instead pursue affordable growth with spending budgets tightly tied to commodity prices.

At its annual general meeting Monday, shareholders voted 92 per cent in favour of changing the Calgary-based company’s name to Obsidian Energy. It is to start trading on the Toronto Stock Exchange under stock symbol OBE later this week.

Dave French, president and CEO since October, said the 30-year-old producer chose the name because obsidian is a naturally occurring volcanic glass that can be “sharpened and honed.”

He said Obsidian has little in common with Penn West.

“If you were to go back into the early 2000s, we were probably in the top five producers in Calgary, had tremendous name recognition, but it was time for us to think about who we were going to be going forward,” he said.

Four years ago, Penn West was active in 30 operating areas with two million hectares of drilling rights, French said, adding it occupied 24 floors in two buildings in downtown Calgary and had 15 executives and 15 field offices.

Today, he said, that has been cut to four key areas, about 500,000 hectares of drilling rights, two and half floors of offices, five executives and four field offices.

Production has fallen to about 30,000 barrels of oil equivalent per day from 135,000 boepd. In regulatory filings, it reported 400 workers as of the end of 2016 versus 1,400 at the end of 2013.

During the meeting, investor Jeffrey Gauf rose to call for the company to be sold, saying he has no faith in the board of directors no matter what name is on the front door.

“If you look at what they’ve done, all they’ve done is take assets that they paid a lot of money for, they discounted them and sold them to get rid of debt,” he said in an interview.

He said he has accumulated about half a million shares over the past three years at prices ranging from 60 cents to $3.

So far this year, the closing stock price has varied from $1.61 to $2.69 on the Toronto Stock Exchange.

French said the company plans to spend $180 million this year to drill about 100 wells, adding it has sold forward contracts on about half of its oil output to lock in prices above US$50 per barrel.

Penn West was rocked by an accounting scandal in 2014 that resulted in class-action lawsuits by investors that were settled last year.

Asset sales allowed it to reduce its net debt to $384 million as of March 31 this year compared with almost $3 billion at the end of 2013.

Follow @HealingSlowly on Twitter.

Dan Healing, The Canadian Press

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TransCanada Establishes At-The-Market Equity Program

FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

Date issue: June 26, 2017
Time in: 7:51 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – June 26, 2017) – News Release – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that
it has established an at-the-market equity program (ATM Program) that allows
the Company to issue common shares from treasury (Common Shares) having an
aggregate gross sales price of up to $1.0 billion or its U.S. equivalent, to
the public from time to time, at the Company’s discretion, at the prevailing
market price when issued on the Toronto Stock Exchange (TSX), the New York
Stock Exchange (NYSE) or on any other existing trading market for the Common
Shares in Canada or the United States. The ATM Program, which is effective for
a 25-month period, will be activated at the Company’s discretion if and as
required based on the spend profile of TransCanada’s capital program and
relative cost of other funding options.

Sales of the Common Shares through the ATM Program will be made pursuant to the
terms of an equity distribution agreement dated June 26, 2017 (Equity
Distribution Agreement) with TD Securities Inc., TD Securities (USA) LLC, BMO
Nesbitt Burns Inc., BMO Capital Markets Corp., J.P. Morgan Securities Canada
Inc. and J.P. Morgan Securities LLC (collectively, the Agents).

Sales of Common Shares will be made through “at-the-market distributions” as
defined in National Instrument 44-102 – Shelf Distributions on the TSX, the
NYSE or on any other existing trading market for the Common Shares in Canada or
the United States. The Common Shares will be distributed at the prevailing
market prices at the time of the sale and, as a result, prices may vary among
purchasers and during the period of distribution. The ATM Offering is being
made pursuant to a prospectus supplement dated June 26, 2017 to the Company’s
Canadian short form base shelf prospectus and U.S. shelf registration statement
on Form F-10, each dated June 23, 2017. The Canadian prospectus supplement
together with the base shelf prospectus are available on the SEDAR website at
www.sedar.com. The U.S. prospectus supplement together with the U.S. base shelf
prospectus and the Registration Statement will be available on EDGAR at
www.sec.gov. Alternatively, the Agents will send the Canadian or U.S.
prospectus supplement (together with the applicable base shelf prospectus) upon
request by contacting (i) in Canada, from TD Securities Inc., email:
sdcconfirms@td.com, telephone: 289-360-2009, or (ii) in the United States, from
TD Securities (USA) LLC, telephone: 212-827-7392, and from BMO Capital Markets,
Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram
Road, Brampton, Ontario, L6S 6H2, telephone: 905-791-3151 Ext 4312, email:
torbramwarehouse@datagroup.ca, and from J.P. Morgan, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:
866-803-9204, email: prospectus-eq_fi@jpmchase.com.

This news release shall not in any circumstances constitute an offer to sell or
a solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which an offer, solicitation or sale would be
unlawful prior to the registration or qualification under the applicable
securities laws of any jurisdiction.

With more than 65 years’ experience, TransCanada is a leader in the responsible
development and reliable operation of North American energy infrastructure
including natural gas and liquids pipelines, power generation and gas storage
facilities. TransCanada operates one of the largest natural gas transmission
networks that extends more than 91,500 kilometres (56,900 miles), tapping into
virtually all major gas supply basins in North America. TransCanada is the
continent’s leading provider of gas storage and related services with 653
billion cubic feet of storage capacity. A large independent power producer,
TransCanada currently owns or has interests in approximately 6,200 megawatts of
power generation in Canada and the United States. TransCanada is also the
developer and operator of one of North America’s leading liquids pipeline
systems that extends over 4,300 kilometres (2,700 miles), connecting growing
continental oil supplies to key markets and refineries. TransCanada’s common
shares trade on the Toronto and New York stock exchanges under the symbol TRP.

FORWARD LOOKING INFORMATION

This publication contains certain information that is forward-looking and is
subject to important risks and uncertainties (such statements are usually
accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”,
“should”, “estimate”, “intend” or other similar words). Forward-looking
statements in this document are intended to provide TransCanada security
holders and potential investors with information regarding TransCanada and its
subsidiaries, including management’s assessment of TransCanada’s and its
subsidiaries’ future plans and financial outlook. All forward-looking
statements reflect TransCanada’s beliefs and assumptions based on information
available at the time the statements were made and as such are not guarantees
of future performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it is expressed
in this news release, and not to use future-oriented information or financial
outlooks for anything other than their intended purpose. TransCanada undertakes
no obligation to update or revise any forward-looking information except as
required by law. For additional information on the assumptions made, and the
risks and uncertainties which could cause actual results to differ from the
anticipated results, refer to the Quarterly Report to Shareholders dated May 4,
2017 and 2016 Annual Report filed under TransCanada’s profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov.

– END RELEASE – 26/06/2017

For further information:
Media Enquiries:
Mark Cooper / James Millar
403.920.7859 or 800.608.7859
OR
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522

COMPANY:
FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170626CC0066

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

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Marquee Energy Ltd. Shareholders Approve All Resolutions at Annual and Special Meeting

FOR: MARQUEE ENERGY LTD.
TSX VENTURE Symbol: MQX

Date issue: June 26, 2017
Time in: 5:38 PM e

Attention:

CALGARY, AB –(Marketwired – June 26, 2017) –

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES

Marquee Energy Ltd. (“Marquee” or the “Company”) (TSX VENTURE: MQX) announces
that the following matters were approved by the Company’s shareholders at its
Annual and Special Meeting held June 26, 2017 in Calgary, Alberta.

The shareholders elected the full slate of directors including Messrs., Dr.
William J.F. Roach, Adrian H. Goodisman, Stephen J. Griggs, Paul Moase,
Leonard J. Sokolow, Richard Thompson and Robert J. Waters.

The shareholders also approved the following:

/T/

— Fixing the Number of Directors at 7;
— The appointment of KPMG LLP as auditors of Marquee; and
— The amendment to the Company’s articles providing that the Company’s

issued and outstanding common shares be consolidated on the basis of one
(1) post-consolidation common share for every thirty (30) existing
common shares.

/T/

At the end of the meeting, Mr. Richard Thompson, President & CEO provided a
short presentation on the Company’s operations. The presentation is available
on Marquee’s website at www.marquee-energy.com.

ABOUT MARQUEE

Marquee is a Calgary based, junior energy company focused on high rate of
return light oil development and production. Marquee is committed to growing
the company through exploitation of existing opportunities and continued
consolidation within its core area at Michichi. Marquee’s shares trade on the
TSX Venture Exchange under the trading symbol “MQX”. Additional information
about Marquee may be found on its website www.marquee-energy.com and in its
continuous disclosure documents filed with Canadian securities regulators on
the System for Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

– END RELEASE – 26/06/2017

For further information:

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Richard Thompson
President & Chief Executive Officer
(403) 817-5561
RThompson@marquee-energy.com

or visit the Company’s website at www.marquee-energy.com.

COMPANY:
FOR: MARQUEE ENERGY LTD.
TSX VENTURE Symbol: MQX

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170626CC016

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

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PetroShale Announces Closing of Private Placement

FOR: PETROSHALE INC.TSX VENTURE SYMBOL: PSHOTCQX SYMBOL: PSHIFDate issue: June 26, 2017Time in: 5:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – June 26, 2017) –
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED ST…

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Crescent Point Announces Renewal of Credit Facilities

FOR: CRESCENT POINT ENERGY CORP.
TSX SYMBOL: CPG
NYSE SYMBOL: CPG

Date issue: June 26, 2017
Time in: 4:00 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – June 26, 2017) – Crescent Point Energy Corp.
(“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) is pleased to announce
that it has successfully renewed its unsecured, covenant-based credit
facilities totaling $3.6 billion, with a maturity date extension to June 10,
2020.

Crescent Point’s credit facilities provide the Company with significant
financial liquidity. As at June 26, 2017, Crescent Point is estimated to have
an unutilized credit capacity of approximately $1.5 billion with no material
near-term debt maturities.

“The renewal of our credit capacity reflects the strong economics within our
high-quality asset base,” said Scott Saxberg, president and CEO of Crescent
Point. “This financial flexibility is especially important in the current oil
price environment.”

Under the terms of the syndicated unsecured credit facility, the Company
maintains the ability to increase its credit capacity by up to $500 million
under certain conditions.

“Operationally, Crescent Point continues to execute and remains ahead of its
production targets,” said Saxberg. “In Uinta, we are generating strong drilling
results and are excited about advancing the horizontal development of this
resource play.”

Crescent Point is one of Canada’s largest light and medium oil producers, based
in Calgary, Alberta. The Company is focused on growing its significant resource
base in the Williston Basin, southwest Saskatchewan and the Uinta Basin in
Utah. Crescent Point strives to maximize shareholder returns through its total
return strategy of long-term growth plus dividend income.

CRESCENT POINT ENERGY CORP.

Scott Saxberg, President and Chief Executive Officer

Crescent Point shares are traded on the Toronto Stock Exchange and New York
Stock Exchange under the symbol CPG.

– END RELEASE – 26/06/2017

For further information:
Crescent Point Energy Corp.
Ken Lamont
Chief Financial Officer
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
(403) 693-0070 (FAX)
OR
Crescent Point Energy Corp.
Brad Borggard
Vice President, Corporate Planning and Investor Relations
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
(403) 693-0070 (FAX)
www.crescentpointenergy.com

COMPANY:
FOR: CRESCENT POINT ENERGY CORP.
TSX SYMBOL: CPG
NYSE SYMBOL: CPG

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170626CC0050

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

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Weekly Canadian Oil & Gas Industry Highlights – June 26, 2017

June 26, 2017 Presented by POIM Consulting Group Major /Interesting Projects Peyto 4 New Gas batteries Drayton Valley Seven Energy add 6th Compressor to 08-06-064-04W6 ARC Resources Ltd 6 New Well License BC BlackPearl Resources Inc. 7 New Injection Wells Lloydminster CNRL 71 New Wells BONNYVILLE MEG Energy Corp. 16 new well license BONNYVILLE Storm Resources … Read more

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Trump to Call for U.S. `Dominance' in Global Energy Production

June 25, 2017 (Bloomberg)  Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. The president also plans to emphasize that after decades of relying on foreign energy supplies, the U.S. is on the brink of becoming a net exporter … Read more

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Oil Steadies After Fund Exit Triggers Fifth Weekly Decline

June 26, 2017 (Bloomberg) Oil steadied after a sell-off among hedge funds triggered crude’s fifth straight weekly loss amid concerns a global surplus isn’t clearing. Prices were little changed, paring an earlier gain of 1.5 percent in New York. Speculators cut their net-long position in U.S. benchmark futures to the lowest in 10 months last week, … Read more

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Five Things World Business Will be Talking About Today

June 26, 2017 (Bloomberg)  Nestle targeted by Dan Loeb, Italy winds up some banks, and it’s a big week for the dollar. Here are some of the things people in markets are talking about today. Sweet activism  Dan Loeb’s Third Point hedge fund disclosed that it owns about 40 million shares, a $3.5 billion stake, in Europe’s … Read more

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Copper Tip Energy Services – Delivering Experience, Client Value & Safety

Copper Tip Feature Image

  Copper Tip Services: Pumping Safety First A specialized nitrogen and fluid service provider in the oil and gas industry, Copper Tip Energy Services Inc. (‘Copper Tip’) has paved a unique niche for itself over the past four years. Quickly finding its place in the process, pipeline and well services market through their engineering and … Read more

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Wood Group extends collaboration with Librestream Technologies on leading edge digital solutions for oil and gas

FOR: LIBRESTREAM TECHNOLOGIES INC.
AND Wood Group

Date issue: June 26, 2017
Time in: 10:00 AM e

Attention:

WINNIPEG, MB –(Marketwired – June 26, 2017) – Wood Group has signed an
extension to its collaborative agreement with Canadian technology company
Librestream Technologies (Librestream) to continue its exclusive industry
partnership, providing advanced digitally-enabled solutions for oil and gas
customers.

The agreement, initially signed in November 2015, has been extended for a
further 12 months and combines Wood Group’s industry domain knowledge with
Librestream’s real-time mobile video collaboration digital technology.

Under the agreement, Wood Group and Librestream have developed a growing suite
of innovative solutions for delivery excellence from desktop to worksite.

One such solution is Wood Group’s eXpert technology which has been
successfully deployed on behalf of major operators on work sites in the UK,
US, Canada and Middle East in the last 6 months. This technology connects
specialists based onshore directly with the remote worksite, via real-time
audio and visual display, to review issues and collaborate on a resolution.

The solution not only reduces time for problem solving and resulting
implementation, but saves on costs associated with mobilisation and shutdown
at offshore and remote locations.

Steve Wayman, executive president, strategy and development at Wood Group,
comments: “We believe innovation is the gateway to increased performance,
economic recovery and growth in the oil and gas industry.

“By investing in leading-edge digital solutions for the oil and gas market and
leveraging our partner Librestream’s technology portfolio, we are enhancing
our service offering and delivering more efficient solutions to clients from
desktop to worksite.

“Our eWorking programme is already proving that it enables a step change in
our performance, enhancing expert communication with remote, hostile and often
hazardous worksites.”

Kerry Thacher, chief executive and founder of Librestream, which is
headquartered in Winnipeg, Canada, said: “Empowering workers with digital
tools designed for rapid response in rugged field environments is our key
mission. Combining Wood Group’s industry expertise with our technology
delivers high productivity gains for remote workers. We are pleased that our
expanded partnership with Wood Group will develop further digital capabilities
that improve the worker’s day.”

About:

Wood Group is an international energy services company with around $5bn sales
and operating in more than 40 countries. The Group designs, modifies,
constructs and operates industrial facilities mainly for the oil & gas sector,
right across the asset life-cycle. We enhance this with a wide range of
specialist technical solutions including our world leading subsea, automation
and integrity solutions. Our real differentiators are our range of services,
the quality of our delivery, the passion of our people, our culture and
values. We are extending the scale and scope of our core services into
adjacent industries. Visit Wood Group at www.woodgroup.com and connect with us
on LinkedIn and Twitter.

Librestream Technologies Inc. is the leader in developing innovative mobile
video collaboration solutions for field service, manufacturing, energy and
public sector industries. Deployed globally, the Onsight video collaboration
platform brings the eyes and ears of experts into the field virtually to
immediately resolve issues and assess environments. Visit Librestream at
www.librestream.com and connect with us on LinkedIn, Facebook & Twitter.

Image Available: http://www.marketwire.com/library/MwGo/2017/6/23/11G141750/Images/Wood_Group_Librestream_image-8f5cf33991e3adc19bfb11b6b565f972.jpg

– END RELEASE – 26/06/2017

For further information:

Press Contact:

For further information contact:
Wood Group Press Office
Tel: +44 (0) 1224 532569
email: press.office@woodgroup.com

Marieke Wijtkamp
Vice President of Marketing & Client Services
Librestream Technologies Inc.
Tel: 204.487.0612 ext. 259
email: marieke.wijtkamp@librestream.com

COMPANY:
FOR: LIBRESTREAM TECHNOLOGIES INC.
AND Wood Group

INDUSTRY: Computers and Software – Hardware, Computers and Software – Software,
Computers and Software – Security, Energy and Utilities – Equipment,
Energy and Utilities – Oil and Gas, Energy and Utilities – Pipelines,
Energy and Utilities – Utilities, Telecom – Cable and Satellite
Services, Telecom – Networking, Telecom – Wireless/Mobile

RELEASE ID: 20170626CC007

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

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DIVERGENT Energy Services Corp. Announces Stock Option Grant

FOR: DIVERGENT ENERGY SERVICES CORP.TSX VENTURE SYMBOL: DVGDate issue: June 26, 2017Time in: 9:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – June 26, 2017) –
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
DIVERGENT Energy Services Corp. (t…

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Just Energy to Webcast 2017 Annual Meeting of Shareholders

FOR: JUST ENERGY GROUP INC.NYSE SYMBOL: JETSX SYMBOL: JEDate issue: June 26, 2017Time in: 7:00 AM eAttention:
TORONTO, ONTARIO–(Marketwired – June 26, 2017) – Just Energy Group, Inc.
(TSX:JE)(NYSE:JE) today announced that it will host a live webcast …

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