Headlines for Feb. 18, 2014

  1. January Rig Releases Down From Last Year

    Operators drilled fewer wells in the first month of 2014, with Bulletin records indicating 1,188 rig releases in January compared to 1,255 a year ago (off 5.34 per cent).

  2. NGTL Pipeline Ruptures Near Rocky Mountain House

    The National Energy Board’s Emergency Response Team has been deployed to the site of a pipeline rupture early today on the Nova Gas Transmission Ltd (NGTL) pipeline system approximately 10 kilometres north of Rocky Mountain House.

  3. Septimus Montney Play Boosts Crew Reserves

    Crew Energy Inc. increased its proved reserves by 35 per cent and its proved plus probable reserves by 29 per cent for the year ended Dec. 31, 2013, as determined by an independent reserve evaluation.

  4. The Only Refinery Led, Crude Slate Strategy Initiative

    The rapidly increasing production of North American crude oil has led Bloomberg to speculate the U.S. will become the world's largest oil producer by 2015 with talk of energy independence potentially being achievable in the next two decades.

  5. Calmena Announces Borrowing Update

    On Jan. 16, Calmena Energy Services Inc.’s senior lender requested payment of all amounts owing to it under the credit facilities by Feb. 15, but the payment of such amounts remains outstanding.

  6. Traverse Announces Bought Deal Financing

    Traverse Energy Ltd. has entered into an agreement with Acumen Capital Finance Partners Limited, pursuant to which Traverse has agreed to issue an aggregate of 12.5 million common shares at 80 cents per common share for total gross proceeds of approximately $10 million.

  7. Sonde Resources To Trade On TSX Venture Exchange

    Sonde Resources Corp. announced Friday that the TSX Venture Exchange has accepted the company’s application for listing its common shares effective at the opening on Feb. 19, under the trading symbol SOQ.

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