BOE Report

Archives for 2016

PetroQuest Energy Continued Listing Plan Accepted By NYSE

LAFAYETTE, La., March 21, 2016 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") (NYSE: PQ) today announced receipt of notice that the New York Stock Exchange ("NYSE") has accepted the Company's plan for continued listing on the NYSE.  As a result, the Company's common stock will continue to be listed on the NYSE, subject to achieving the requisite stock price trading levels within the six-month cure period, as well as providing quarterly reviews to the NYSE's Listing and Compliance [Read more]

Centennial Petroleum Company seeks completion opportunities

Centennial Petroleum Company is seeking oil and gas properties with cased well opportunities for completion or recompletion. The company is prepared to farm-in on or purchase quality opportunities. Centennial Petroleum Company is prepared to: Purchase your development opportunities Workover or recomplete your wells to earn interests Develop low risk, light oil assets Purchase an interest in your existing production Purchase royalty interests Contact information: Phone: [Read more]

China-based Geo-Jade offers $575 million cash to take over Bankers Petroleum

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CALGARY - Bankers Petroleum Ltd. (TSX:BNK) has received a friendly takeover offer that values the Calgary-based company at $575 million, excluding debt obligations.The directors and management of Bankers are fully supporting the offer from Charter Power and a numbered Alberta company, which are affiliates of China-based Geo-Jade Petroleum Corp.Under the proposal, Bankers would maintain a corporate and technical headquarters in Calgary and operational offices in Albania, Hungary and Romania.David [Read more]

Penn West Announces the Sale of Slave Point and Non-core Assets for Cash Proceeds of Approximately $230 Million

CALGARY, March 21, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE.BC) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its properties in the Slave Point area of Northern Alberta for cash consideration of $148 million, subject to closing adjustments customary in transactions of this nature. Penn West is also pleased to announce that so far this year it has closed or entered into either definitive agreements [Read more]

Penn West Announces the Sale of Slave Point and Non-core Assets for Cash Proceeds of Approximately $230 Million

CALGARY, March 21, 2016 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE.BC) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its properties in the Slave Point area of Northern Alberta for cash consideration of $148 million, subject to closing adjustments customary in transactions of this nature.  Penn West is also pleased to announce that so far this year it has closed or entered into either definitive [Read more]

Enerplus Announces Cash Dividend for April 2016

CALGARY, March 21, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on April 15, 2016 to all shareholders of record at the close of business on March 31, 2016. As announced previously, Enerplus believes this is a more appropriate dividend level in the context of sustained low commodity prices. The ex-dividend date for this payment is March 29, 2016. The CDN$0.01 per share dividend is [Read more]

Enerplus Announces Cash Dividend for April 2016

CALGARY, March 21, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on April 15, 2016 to all shareholders of record at the close of business on March 31, 2016. As announced previously, Enerplus believes this is a more appropriate dividend level in the context of sustained low commodity prices. The ex-dividend date for this payment is March 29, 2016. The CDN$0.01 per share dividend is [Read more]

Alberta Energy Regulator to release report into 2013 Primrose oilsands leak

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CALGARY - Excessive steaming was one of the factors that caused more than one million litres of oily water to ooze to the surface at an eastern Alberta oilsands site nearly three years ago, an investigation by the Alberta Energy Regulator has concluded.The AER's report released Monday also said the bitumen-water emulsion was able to travel from deep underground through old unused wellbores, natural fractures and faults as well as man-made cracks in the rock."This is one of the most complex [Read more]

Smoothwater Capital acquires over 10% of the common shares in Alberta Oilsands Inc. and requests dividend plan for all shareholders

TORONTO, March 20, 2016 /CNW/ - Smoothwater Capital Corporation ("Smoothwater") announced today that it acquired on March 18, 2016, through the facilities of the TSX Venture Exchange, ownership of 2,491,999 common shares of Alberta Oilsands Inc. ("AOS") (representing approximately 1.18% of the issued and outstanding common shares of AOS) at an average price of $0.129 per share. After giving effect to this purchase, Smoothwater now owns an aggregate of 22,529,399 common shares of AOS, [Read more]

First Chevron Gorgon LNG Cargo Departs for Japan

Milestone underscores Chevron’s commitment to growing its LNG business in Asia SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron’s foundation buyers, Chubu Electric Power, for delivery into Japan. “Departure [Read more]