News | DrumhellerMail - Page #2187
04252024Thu
Last updateThu, 25 Apr 2024 9am

Encana reaches agreement to sell Clearwater assets to Ember Resources for C$605 million

encana-sale
 Encana Corporation announced today that it has reached an agreement with Ember Resources Inc. (Ember) to sell the majority of its Clearwater assets, located in southern and central Alberta, for approximately C$605 million, although much of the assets in the Drumheller area will remain in with Encana.

The sale includes about 1.2 million net acres of land and over 6,800 producing wells with second quarter average production of approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural gas.

“This divestiture continues to advance our strategy. We are unlocking additional value from non-core dry gas assets as we focus on liquids rich growth areas. Our growth portfolio now includes the top two resource plays in Canada, the Montney and the Duvernay, and the top two resource plays in the United States, the Eagle Ford and, by year-end, the Permian Basin,” says Doug Suttles, Encana President & CEO. “Through this transaction, Ember is acquiring a high-quality asset along with a tremendously talented team.”

“This acquisition establishes Ember as the leading producer of coalbed methane in Canada,” says Doug Dafoe, Ember President & CEO. “This is an exciting time for our company and we look forward to working with the talented team that has made Encana successful in this area for so many years.”


Encana retains approximately 1.1 million net acres in Clearwater, including around 480,000 net acres along the eastern edge of the Horseshoe Canyon Fairway.

Encana operations will continue in the Rosebud, Rockyford, Standard area, as well as in Crossfield and on Siksika lands.

This sale is subject to the satisfaction of normal closing conditions and is expected to close in the first quarter of 2015.
.
Ember, together with its shareholder Brookfield Capital Partners, has recently through several acquisitions, consolidated a significant land and production base in the Horseshoe Canyon CBM fairway in Alberta. With this acquisition Ember will own interests in 2.2 million net acres of lands, with combined gross production of 290 mmcfe/d of natural gas. Coalbed methane production is characterized as a low-cost, long-life natural gas resource.

Encana is a leading North American energy producer that is focused on developing its strong portfolio of resource plays, held directly and indirectly through its subsidiaries, producing natural gas, oil and natural gas liquids (NGLs). By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates. Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.


Juno Award Winner to Perform in Rosebud

steve-bell-in-studio-colour

Steve Bell  & Don Amero will be performing in Rosebud on October 16 at 7:30 p.m. at the Rosebud Theatre Opera House.

    After 25 years of singing, song writing and playing guitar as a solo Christian folk artist, Steve Bell is finally coming to Rosebud!
    On October 16 at 7:30 p.m., the Juno award winner will take the stage at the Rosebud Theatre Opera House as part of his 25th Anniversary Pilgrimage Tour. During his performance audience members can expect an entertaining variety of tunes and tales from Bell’s years as musical icon.
    This concert was a natural fit for Rosebud as “Rosebud is a place where storytelling, music and faith take centre stage. So, it’s no surprise that we would find a way to bring Steve Bell in to share his unique and amazing brand of music and storytelling with our audience” explains Artistic Director, Morris Ertman. “I’ve seen Steve at large venues in major cities intimately connect his down-to-earth humour and melody with people. In Rosebud, people will find themselves right up close and personal with one of the most personable performers ever.”
    Born into a musical family, Bell has been performing and touring since he was eight years old. His dad was the chaplain at the Drumheller Penitentiary, and he learned to play guitar with inmates in that prison, so this show will be something of a homecoming.
    In the early eighties Bell began to make his mark with the folk trio Elias, Schritt and Bell. However, in 1989 he ventured out on his own and his career really started to take off. He wrote his first album, Comfort My People, in six months and has released 15 more CDs, three concert videos and performed over 1500 concerts across Canada, the US, India, Thailand, the Philippines, Poland, Bulgaria, Ireland, and throughout the Caribbean.
    Bell has demonstrated his commitment to his vocation by his hard work and released his 17th career CD, Keening for the Dawn – Christmastide, in 2012. For this dedication, as well as his advocacy work for the less fortunate, Steve was awarded the Queen Elizabeth II Diamond Jubilee Medal. Along with this prestigious award, Bell has received over 18 other awards and 12 nominations throughout his career honouring his artistic talent and leadership.
    Joining Bell for a few songs will be his close friend, Don Amero. A rising singer/songwriter, Amero has several awards and nominations as well, spanning the Junos, the Prairie Music Awards, the Canadian Aboriginal Awards, and the Canadian Folk Awards.
    Steve Bell  & Don Amero will be performing in Rosebud on October 16 at 7:30 p.m. at the Rosebud Theatre Opera House.

Tyrrell nominated for ALTO Award

tyrrell-float-can-day-2014

The Royal Tyrrell Museum is a finalist for an Alto Award for marketing excellence for budget $10,000 to $50,000. The award will be presented at the Travel Alberta Industry Conference Gala on October 20 at the Banff Springs Hotel.
mailphoto by Patrick Kolafa

    The Royal Tyrrell Museum has been nominated for an Alto Award for Excellence in Marketing.
    The Drumheller valley has become a provincial beacon of tourism excellence for many years and last year the Canadian Badlands Passion Play won the Alberta Pride Award, and Drumheller won the Tourism Community of the Year Award.
    This year the valley is back in the spotlight as the Tyrrell is a finalist in the marketing category (budget $10,000-$50,000).    
    “It is a nomination, so we won’t know until October 20 whether we’re the winner,” said Carrie–Ann Lunde, marketing and public relations at the Royal Tyrrell Museum.  
    The museum is among some very tough competition. Other finalists include the Jasper Pride Festival 2014 campaign and Banff Lake Louise Tourism for their Ski.com Facebook campaign.
    “The Rockies are usually the big players in Alberta,” said Lunde.
    The Royal Tyrrell’s campaign was called “Welcome to Dinosaur Country.”
    “It was based on a series of four seasonal images and played with the idea that dinosaurs are all around us in this country, the Badlands of Alberta. The museum is relatively unique because it is not just a museum about dinosaurs, but it is located right where all the dinosaurs lived and walked,” explains Lunde.
    “These were modified to the four seasons to remain appropriate throughout the year, and reinforce the message that the Museum is open year-round. From the outset, we wanted to capture the essence of the Museum experience starting from the moment the visitor hits the road. Therefore, one of the key strategies used in graphics and imagery was that of the journey and the stunning landscape in which the museum is situated.”
    She said the campaign was versatile and lent itself to a number of effective platforms.
    “This got incorporated into our print campaign, our social media campaign and directed our float in the Canada Day and Calgary Stampede parades,” she explained.
    The stage is not new for the Tyrrell.  In the year of the museum’s 25th anniversary it won an Alto Award for their ‘Changes So Big” campaign.
    The Alto Awards are presented at the Travel Alberta Industry Conference Gala at the Banff Spring Hotel on October 20.


Subcategories

The Drumheller Mail encourages commenting on our stories but due to our harassment policy we must remove any comments that are offensive, or don’t meet the guidelines of our commenting policy.