BOE Report

Archives for 2016

Vista Resources Harmattan Inc. Non-Operated Oil Property Divestiture: Harmattan East Viking Unit No. 1

Sayer Energy Advisors has been engaged to assist Vista Resources Harmattan Inc. (“Vista” or the “Company”) with the sale of its 24.2345% working interest in the Harmattan East Viking Unit No. 1 (the “Unit”), as well as its working interests of between 25% and 90% in three non-Unit oil wells and one non-Unit natural gas well (“Harmattan East” or the “Property”). The Unit, which was formed in 1986, is operated by Production Plus Energy Services Inc. (formerly TriAxon Oil Operations Ltd.).  Many [Read more]

Global Petroleum Show Ready to Explore Future of Energy Sector

CALGARY, ALBERTA--(Marketwired - May 18, 2016) - WHAT: Global Petroleum Show (GPS) will kick-off in Calgary, Alberta from Tuesday, June 7 to Thursday, June 9 at Stampede Park. The annual event will welcome industry professionals from across the globe to discuss timely and relevant topics as they relate to the oil and gas industry. As the industry continues to respond to both the current economic climate and the ongoing challenges in the Fort McMurray region, the Show and its impact on the [Read more]

Peyto Exploration & Development Corp. Announces Closing of $172.5 Million Equity Offering

CALGARY, ALBERTA--(Marketwired - May 18, 2016) - Peyto Exploration & Development Corp. (the "Corporation") (TSX:PEY) is pleased to announce that it has closed its previously announced bought deal offering of common shares. Pursuant to the offering, the Corporation issued 5,390,625 common shares (including 703,125 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $32.00 per common share, for total gross proceeds of [Read more]

Panhandle Oil and Gas Inc. Announces Dividend Payment

OKLAHOMA CITY, May 18, 2016 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its May 17, 2016, meeting, approved a payment of the regular 4 cents per share quarterly dividend.  The dividend will be payable on June 13, 2016, to shareholders of record on May 31, 2016. Panhandle Oil and Gas Inc. (NYSE: PHX) is engaged in the exploration for and production of natural gas and oil.  Additional information on the Company can be found at [Read more]

Fort McMurray evacuation begins third week with no sign of return to normalcy

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EDMONTON - The Alberta government says people from the fire-ravaged city of Fort McMurray could start going home starting June 1 if conditions are safe, but warned there will only be basic services and a partially open hospital."Remember, many hazards remain in Fort McMurray," Premier Rachel Notley said Wednesday."We need to address all of them before it is safe for residents to begin to return."Notley said the re-entry will be done in stages over two weeks. The city will not be suitable for [Read more]

Connacher Oil and Gas Limited files for CCAA protection and receives order permitting interim financing of up to US$20 million and initiation of sales and investment solicitation process

CALGARY, May 17, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announced today that the Company has obtained court protection under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Court of Queen's Bench, in the Province of Alberta, on May 17, 2016 ("Initial Order").  Pursuant to the Initial Order, the Company has obtained protection from its creditors under the CCAA for a period expiring June 16, 2016, as the [Read more]

Trilogy Energy Corp. Announces Amendments to Its Credit Facility

CALGARY, ALBERTA--(Marketwired - May 17, 2016) - Trilogy Energy Corp. ("Trilogy" or "the Company") (TSX:TET) is pleased to announce that following its semi-annual borrowing base review, certain amendments to the Company's existing credit facility agreement with its syndicated group of lenders have been agreed to, including the following: The borrowing base has been re-determined at $300 Million; The maturity date has been extended from April 30, 2017 to April 30, 2018; The calculation [Read more]

Wildfire resiliency built into oilsands projects, experts say

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CALGARY - Wildfires that ravaged some neighbourhoods in Fort McMurray and forced 80,000 to flee the city two weeks ago are now chewing through the wilderness further north, where major oilsands projects are located. A 665-unit work lodge has burned down and two more are under threat. But experts and officials say they aren't expecting serious harm to the oil-producing facilities themselves. Here's why:There's a built-in buffer zone:Oilsands projects — whether they involve scooping the ore out of [Read more]

What you need to know about restarting an Alberta oilsands project

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CALGARY - Wildfires at Fort McMurray, Alta., have forced the shutdown of about a dozen mining and thermal projects. Here's what you need to know about how they will be restarted and how long that might take. What is the difference between an oilsands mine and a thermal oilsands project? An oilsands mine recovers heavy, sticky bitumen crude from a strip mine using shovels and trucks and then processes the ore to remove impurities such as sand, clay and water. Most miners also upgrade the [Read more]

Apache Corporation Announces Planned Retirement Of Corporate Secretary; New Appointee Named

HOUSTON, May 17, 2016 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that Cheri L. Peper, corporate secretary, plans to retire effective Aug. 5, 2016. Anthony Lannie, executive vice president and general counsel, commented, "Cheri's trusted counsel and expertise have been a tremendous asset to Apache throughout her nearly 23-year tenure. On behalf of the board and all Apache employees, I want to thank Cheri for her many contributions and wish her all the best in [Read more]