Baytex Energy Trust(TSX:BTE.UN) (NYSE:BTE) announced that the company has approved a 2010 capital budget of $235 million for exploration and development activities, as compared to an estimated $165 million E&D program in 2009. press release is quoted as saying: Production is projected to be basically flat at fourth quarter 2009 levels of approximately 42,500 to [...]
Husky Energy Inc. (TSX:HSE), announced today that an agreement to purchase Penn West heavy oil properties closed on November 30, 2009. The press release is quoted as saying: The Lloydminster area of Alberta and Saskatchewan is a core area for Husky business. The Company’s heavy oil assets are concentrated in a large producing region covering [...]
Industrial Info Resources reports that Sunshine Oilsands Limited has slightly more than 1 million acres of land holdings in the Alberta oil sands patch. The press release is quoted as saying: The diverse project portfolio consists of prospective conventional heavy oil targets, cretaceous sandstones applicable to thermal recovery methods, as well as carbonate bitumen resources. [...]
Great Pacific International Inc. (GPI:CA) today update on the four-sections of petroleum and natural gas leases located near Manning, Alberta. The press release is quoted as saying: Great Pacific recently commissioned a “Heavy Oil in Place Determination Report” from Chapman Petroleum Engineering Ltd. (“Chapman”) on four sections of petroleum and natural gas leases held by [...]
TAMM Oil and Gas Corp. (OTCBB:TAMO)released a Progress Report today outlining planned activities on their Manning heavy oil project and initial exploration program forecasting an ultimate possible development potential of 65,000 – 85,000 BOPD for the Manning area. The press release is quoted as saying: On November 12, 2009 TAMM announced it received an updated [...]
Deloro Resources Ltd. (TSX.V – DLL) announced today that the pilot trial of Electro-Petroleum’s (EPI) Electrically Enhanced Oil Recovery (EEOR) at the Wilkie field has been effectively accomplished. Deloro and Electro-Petroleum (EPI) will now advance with their joint venture to completely develop Wilkie. The press release is quoted saying as The test demonstrated that the [...]
Petrobank Energy and Resources declared that it’s ready to take its heavy-oil unit to the next level a week after merging its conventional oil assets into a new company called PetroBakken. For full story, click here
EnerVest Energy and Oil Sands Total Return Trust declared the August distribution of $0.0417 per unit. The record date for this distribution is August 31, 2009 and the payment date will be September 15, 2009. The ex-distribution date for this payment is August 27, 2009. For full story, click here
Canadian Oil Sands Trust posted significantly lower second-quarter earnings, hurt by lower crude oil prices and lower production in the quarter, but surged its distribution on confidence in Syncrude operations, strengthening crude oil prices and an improved liquidity position. For full story, click here
Imperial Oil Ltd. is considering moving ahead with expansions to its massive oilsands operations at Cold Lake, Alta., which received regulatory approval five years ago. For full story, click here
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