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Cenovus Energy Inc. chief executive Brian Ferguson said Wednesday he's carefully considering whether to spin out 4.5 million acres of royalty land into a new entity, as Encana did with PrairieSky Royalty Ltd .
The regulatory environment for oil and gas development in Colorado is attracting a lot of attention.
Jupiter expects to use the net proceeds from this offering as part of the financing of its proposed acquisition of the Bighorn properties from Encana Corporation and for general corporate and investment purposes.
Jupiter Resources Inc. opened a private offering of about US$1.1 billion, in aggregate principal amount, of senior notes due 2022, the company said July 28. The net proceeds will support its acquisition of the Bighorn properties from Encana Corp. , and will also support general corporate and investment purposes, the company said.
Calgary, Alberta-based PrairieSky Royalty Ltd. detailed its financial results for the 35-day interim period that ended June 30, the company said July 21. The company began its active operations on May 27 and completed its IPO on May 29, after its royalty business was acquired from Encana Corp. , PrairieSky added.
While governments, resource-sector leaders and lawyers grapple with the meaning of historic court judgments on aboriginal land rights in Canada, First Nations are wasting no time launching a flurry of legal and regulatory actions that threaten to stall progress on a number of projects.
With the Toronto Stock Exchange's S&P/TSX composite index hitting record highs in each of the past three days, investors have been watching to see whether the second-quarter reporting period would prompt more new highs or a retrenchment.
Towns with populations of less than 20,000, such as Fort St. John, do not meet the threshold to have provincially funded community-based victim assistance programs.
"We had a strong second quarter off of the back of a very good first quarter, and we're meeting or exceeding our targets in every area of our business since announcing our new strategy eight months ago," says President & CEO.
Canada's Encana Corp, which is restructuring operations to end its reliance on low-value natural gas, said on Thursday oil and natural gas liquids production climbed 43 percent year-on-year in the second quarter of 2014.
The . Production of valuable natural gas liquids is also expected to come in above previous targets at between 86,000 to 91,000 barrels per day from between 68,000 and 73,000 barrels per day.
EnCana's Doug Shea goes over drilling reports with driller Ron Webster at an EnCana gas drilling well east of Calgary, Alberta, February 15, 2007.
Shares in Encana Corp. spinoff PrairieSky Royalty Ltd. rose by as much as 3.4 per cent on Tuesday following the release of its first financial report, which included a profit of nearly $24 million.
Updated: Thu Jul 31, 2014 12:49 pm
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