Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX: PGF.UN) (NYSE: PGH)announced capital spending and operational guidance for 2010. The press release is quoted as saying: In 2010, $82 million will be spent on operated tight carbonate plays including $27 million at Carson Creek and $21 million at Judy Creek. Pengrowth also plans to spend $15.5 [...]
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
Strong price realizations on heavy oil offset the weaker realized prices on light crude oil for Pengrowth Energy. For full news, click here
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