Montney, British Columbia

Rokk Energy Technologies and Northern Smilodon Energy Announce a Strategic Relationship Focused on the Commercial Application of Rokk’s Pad-Free™ Advanced Drilling and Completion System

Retrieved on: 
Monday, March 25, 2024
Government, Montney, British Columbia, Dwarf cat, Carbon, CO2, Methane, Engineering, Oil

CALGARY, Alberta, March 25, 2024 (GLOBE NEWSWIRE) -- Rokk Energy Technologies (“Rokk”) and Northern Smilodon Energy Inc. (“Northern Smilodon”), both headquartered in Calgary, Alberta, are pleased to announce they have entered into a strategic relationship that is focused on the commercial application of Rokk's Pad-Free™ advanced drilling and completion system.

Key Points: 
  • CALGARY, Alberta, March 25, 2024 (GLOBE NEWSWIRE) -- Rokk Energy Technologies (“Rokk”) and Northern Smilodon Energy Inc. (“Northern Smilodon”), both headquartered in Calgary, Alberta, are pleased to announce they have entered into a strategic relationship that is focused on the commercial application of Rokk's Pad-Free™ advanced drilling and completion system.
  • Rokk’s staff has more than 120 years of experience in design, engineering, and manufacturing of industry-leading drilling and completion technologies.
  • The Pad-Free™ drilling system technology increases ultimate recovery factors while reducing environmental impact and surface location requirements.
  • Karen Stewart, President and CEO of Rokk said, "We are excited by the relationship we have entered into with Northern Smilodon as this will help commercialize our drilling and completion technologies.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend

Retrieved on: 
Thursday, February 22, 2024
Energy, Other Energy, Utilities, Oil, Gas, Transfer, Momentum, Carbon, Engineering, Conversation, Weather, ACG, Web browser, RFS, TC Energy, Growth, Montney, British Columbia, LNG Canada, Pipeline, WCSB, Sale, E6, Season, Tax, EPC, Corporation, Peace, Emperor, Marketing, Black & Veatch, Management, Propane, Transport, Phase, Depreciation, Partnership, Hart–Scott–Rodino Antitrust Improvements Act, BBB, Natural gas, Alliance Pipeline, Elk, Black, FID, Dow, Insurance, Hydrocarbon, Acquisition, Wildfire, Mountain Valley Pipeline, Ethane, NEBC, Ruby, NGL, Coastal GasLink Pipeline, Facility, Younger, PGI

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.

Key Points: 
  • Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.
  • Results were impacted by higher incentive costs driven by Pembina's share price performance and increased shared service revenue.
  • On a per share (basic) basis, cash flow from operating activities was $1.60 per share for the fourth quarter and $4.79 per share for the full year.
  • ET) for interested investors, analysts, brokers and media representatives to discuss results for the fourth quarter of 2023.

Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction

Retrieved on: 
Monday, November 6, 2023
Transfer, Financial Competitive Act of 2013, Computershare, Capital, Stanfield, Model Business Corporation Act, Competition Act, NYSE, Meeting, CPG, International, KARR, EBITDA, Montney, British Columbia, Corporation, Transport, GAAP, International Financial Reporting Standards, Exercise, Transaction, Redemption, Growth, Risk management, Capital expenditure, AECO, Investment, Gas, TSX, Natural gas, Crescent Point Energy, Oil, Airline, Security (finance), Bank, Financial services, Hammerhead

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.
  • During the third quarter, Hammerhead delivered record production, where the rate of oil growth continued to outpace the rate of corporate production growth.
  • Hammerhead will seek approval of the Transaction by its shareholders at a special meeting expected to be held in late December 2023 (the "Meeting").
  • On the back of strong operational results, the Company generated free funds flow7 of $31.8 million during the quarter.

Pipestone Announces That ISS and Glass Lewis Recommend Shareholders Vote “for” Proposed Combination With Strathcona to Create a Leading Canadian Energy Producer, and Sets Record Straight on Flawed and Misleading Arguments by GMT

Retrieved on: 
Monday, September 18, 2023
Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Interim, EV, PIPE, GMT, Institutional Shareholder Services, Stock dilution, Committee, Consultant, Riverstone Holdings, Hope, Arrangement, McDaniel, H2S, Meeting, Sale, Glass Lewis, Public expenditure, Circular, EBITDA, Montney, British Columbia, TSX, Glass, United Nations Special Committee on Palestine, Longevity, ISS, Bank, Management, Oil, Risk management, Financial adviser, Cryptocurrency, Security (finance), Audit, Shareholder, Pipestone

Pipestone also wishes to set the record straight on the flawed assumptions and misleading arguments made by Atlanta, Georgia-based GMT Capital Corp. (“GMT”) against this value-creating transaction.

Key Points: 
  • Pipestone also wishes to set the record straight on the flawed assumptions and misleading arguments made by Atlanta, Georgia-based GMT Capital Corp. (“GMT”) against this value-creating transaction.
  • It was clear to the independent and unconflicted members of the Special Committee that the Strathcona proposal was in the best interests of the Shareholders.
  • The recommendations that Shareholders vote “FOR” the Arrangement by the independent proxy advisory firms ISS and Glass Lewis underscore the Board’s recommendation.
  • The Board of Pipestone has approved the Arrangement and recommends that Shareholders vote FOR the Arrangement at the Meeting.

Hammerhead Energy Inc. Announces Second Quarter 2023 Financial and Operating Results

Retrieved on: 
Thursday, August 3, 2023
Well, Computershare, Exercise, Maintenance, KARR, Smooth hammerhead, Capital expenditure, Indian stock exchange, International, Wells, Wildfire, GAAP, EDGAR, Gas, EUR, EBITDA, Investment, Montney, British Columbia, International Financial Reporting Standards, Gold, Corporation, Natural gas, Capital, Warrant, TSX, Growth, Oil, Renewable energy, Airline, Financial services, Environmental remediation, Bank, Hammerhead

CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023.

Key Points: 
  • CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023.
  • Scott Sobie, President and CEO of Hammerhead, notes “Hammerhead continues to deliver peer-leading production and cash flow per share growth to date in 2023.
  • We expect to see an inflection point in free cash flow generation in the second half of 2023.
  • Based on results to date, Hammerhead remains well positioned to deliver on its 2023 annual guidance.

Murphy Oil Corporation Announces Second Quarter 2023 Financial and Operating Results, Strategic Portfolio Repositioning

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Energy, Marketing, Natural gas, Sustainability reporting, Telephone, Tax, Paon DP, GAAP, CALL, Internet, Longclaw, Acquisition, Montney, British Columbia, ESG, Terra Nova, National Oil Corporation, News, NYSE, Maintenance, Wildfire, Athabasca Oil Corporation, AECO, MP, MUR, NCI, Murphy Oil, Government, IP30, Sustainability, Rystad Energy, Depreciation, PSC, Duvernay, Placid, EDT, Public expenditure, CAPEX, EBITDA, Eagle Ford Group, Saxons, Cryptocurrency, Management, Uranium mining, Bookkeeping, Renewable energy, Commercial property, Pharmaceutical industry, Petroleum, Satellite navigation device, Gulf of Mexico, Block, John E. Simonett, Chinook, Murphy, Cholula

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

Key Points: 
  • Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.
  • Second quarter production averaged 184 MBOEPD and consisted of 54 percent oil volumes, or 99 MBOPD.
  • The transaction has a March 1, 2023 effective date, with closing anticipated to occur in the third quarter of 2023.
  • Murphy accrued a total of $32 million in acquisition-related costs during the quarter, which will be paid in third quarter 2023.

Vincent Communications and Controls Ltd., announces today that it has acquired Exo Splicing Inc. of Grande Prairie, Alberta.

Retrieved on: 
Thursday, July 6, 2023
Maintenance, Telecommunications, AB, Control, BET, Acquisition, Montney, British Columbia, Communication, Fort St. John, FTTH, Land mobile radio system, MS2, Rope, Grande Prairie, Western Canada

GRANDE PRAIRIE, AB, July 6, 2023 /CNW/ - The acquisition is a result of Scott Vincent (Vincent Communication and Controls Ltd.) and Justin Roach (Exo Splicing Inc.) coming together under the Vincent Communications brand to offer industry leading Fibre and Copper Splicing Services to Western Canada and Territories.

Key Points: 
  • GRANDE PRAIRIE, AB, July 6, 2023 /CNW/ - The acquisition is a result of Scott Vincent (Vincent Communication and Controls Ltd.) and Justin Roach (Exo Splicing Inc.) coming together under the Vincent Communications brand to offer industry leading Fibre and Copper Splicing Services to Western Canada and Territories.
  • Vincent Communications operates extensively along the Montney natural gas corridor with locations in Grande Prairie, AB, and Fort St. John, BC.
  • "We are excited to be able to expand our Fibre and Copper Splicing Division with the new addition and experience of Exo Splicing Inc. and Justin Roach" says Scott Vincent, President and CEO of Vincent Communications and Controls Ltd.
    Justin Roach; Owner and Operator of Exo Splicing Inc. joins the Vincent Communications Team with over a decade of experience in major telecommunications splicing operations.
  • Vincent Communications Ltd. has actively conducted business in Western Canada since 2005.

Pipestone Energy Corp. Reports Voting Results of Annual Shareholder Meeting

Retrieved on: 
Thursday, June 22, 2023
Certification, PIPE, Pipestone, TSX, Remuneration, Montney, British Columbia, Grande Prairie, Ernst & Young, Accounting, Tourism, Audit

Ernst & Young LLP was appointed as auditors of Pipestone Energy to hold office until the next annual meeting, and the directors of Pipestone Energy were authorized to fix their remuneration.

Key Points: 
  • Ernst & Young LLP was appointed as auditors of Pipestone Energy to hold office until the next annual meeting, and the directors of Pipestone Energy were authorized to fix their remuneration.
  • The results of the ballot were as follows:
    Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate rich Montney asset base in the Pipestone area near Grande Prairie.
  • Pipestone has achieved certification of all its production from its Montney asset under the Equitable Origin EO100TM Standard for Responsible Energy Development.
  • Pipestone shares trade under the symbol PIPE on the TSX.

Pipestone Energy Corp. Provides Update in Respect of Annual General Meeting

Retrieved on: 
Monday, June 19, 2023
Certification, PIPE, Pipestone, TSX, Montney, British Columbia, Grande Prairie, Rare-earth element, Tourism, Management

CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) As previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. ("Pipestone"), has taken a leave of absence for health reasons.

Key Points: 
  • CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) As previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. ("Pipestone"), has taken a leave of absence for health reasons.
  • Mr. Wanklyn has subsequently chosen to not put himself up for re-election to the Board of Directors at the annual general meeting of shareholders to be held on June 22, 2023 as he remains on leave.
  • Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate rich Montney asset base in the Pipestone area near Grande Prairie.
  • Pipestone has achieved certification of all its production from its Montney asset under the Equitable Origin EO100TM Standard for Responsible Energy Development.