BOE Report

BOE Report Staff

  • X

Anderson Energy Ltd. Provides Operations and Reserves Update

CALGARY, ALBERTA--(Marketwire - Feb 25, 2013) - Anderson Energy Ltd. ("Anderson" or the "Company") (AXL.TO) provides the following update on its operations and key results of its year end reserves evaluation. The Company continues to focus on its Cardium light oil assets: 75% of proved plus probable BOE reserves volumes are from the Cardium formation; 90% of proved plus probable pre-tax NPV 10% reserves value is from the Cardium formation; 55% of current BOE production is from Cardium [Read more]

Manitok Energy Inc. Announces Strong Initial Flow Rates on Its Latest Two Stolberg Cardium Oil Wells

CALGARY, ALBERTA--(Marketwire - Feb. 25, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. Manitok's 10th and 11th Stolberg Cardium oil wells are both horizontal wells drilled at the southern end of the Stolberg trend. By design, both wells were drilled significantly deeper in the structured [Read more]

DeeThree Exploration Provides 2013 Guidance and Significant Belly River Results

CALGARY, ALBERTA--(Marketwire - Feb 25, 2013) - DeeThree Exploration Ltd. ("DeeThree" or the Company") (DTX.TO) (DTHRF) announces its 2013 guidance and provides an operational update. DeeThree 2013 Guidance Summary Building on the operational and exploration success of 2012, DeeThree plans a 2013 capital program of approximately $150 million focused on increasing oil production from its Alberta Bakken property in the Lethbridge area of southern Alberta and its Belly River property in the [Read more]

Donnybrook Announces Agreement to Sell Simonette and Resthaven Assets

CALGARY, ALBERTA--(Marketwire - Feb 25, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports that it has entered into an asset exchange agreement (the "Asset Exchange Agreement") and an arrangement agreement (the "Arrangement Agreement") with Cequence Energy Ltd. ("Cequence") (CQE.TO) to sell the Company''s interest in its Simonette and Resthaven oil and gas properties for consideration consisting of 10.3 million common shares of Cequence ("Cequence Shares") [Read more]

Strategic Oil & Gas Ltd. Announces Year-End Reserves and Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Feb 25, 2013) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce its year-end reserves and provide an update on its first quarter drilling program. RESERVES In accordance with National Instrument 51‐101 ‐ Standards of Disclosure for Oil and Gas Activities ("NI 51‐101"), the Company''s oil, natural gas and natural gas liquids ("NGL") reserves were evaluated by an independent engineering firm, McDaniel and [Read more]

South leg of Keystone XL from Oklahoma to Texas hits halfway mark

  OKLAHOMA CITY - While the debate continues over whether the United States will approve a proposed oil conduit from Canada to the Gulf Coast, the segment from Cushing, Okla., to the Texas Gulf Coast is halfway toward completion and could be transporting oil by the end of the year. President Barack Obama travelled to Oklahoma nearly a year ago to tout construction of TransCanada's Keystone XL pipeline from the Cushing oil hub to Houston-area refineries. A decision on whether to allow [Read more]

Canada rig count continues to rise week over week

[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`504`158`662 Last Week`500`151`651 Last Year`526`175`701 Week over Week Change`+4`+7`+11 Year over Year Change`-22`-17`-39[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]

Baytex Signs Agreement to Deliver Produced Gas for Power Generation in Peace River Area

CALGARY, ALBERTA--(Marketwire - Feb 22, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) has signed a 10-year agreement with Genalta Power Inc. ("Genalta") whereby the majority of excess gas associated with its Peace River area heavy oil production will be delivered to a power generating facility being constructed by Genalta in the area. Baytex will construct a pipeline that will connect its existing integrated gas collection system in the Harmon Valley and West Harmon areas to the Genalta [Read more]

Western Energy to acquire IROC Energy in $193.7M deal, including debt

  CALGARY - Contract oil driller Western Energy Services Corp. (TSX:WRG) saw its stock drop more than seven per cent Friday after announcing plans to buy IROC Energy Services Corp. (TSXV:ISC). The transaction, valued at $193.7 million, includes $36.6 million in debt. Western is offering a combination of $1.24 in cash and 0.2338 of a Western share for each share of the Red Deer, Alta.-based well servicing and oilfield equipment rental company. The combination, worth $3.10 per [Read more]

PetroBakken Announces 2012 Reserves Replacing 229% of 2012 Production and Achieving Proved Plus Probable FD&A Costs of $11.91/boe and F&D Costs of $26.74/boe

CALGARY, ALBERTA--(Marketwire - Feb 21, 2013) - PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to announce the Company''s 2012 year-end reserves and provide an operational update. Unless otherwise noted, all reserves herein are "Company Interest" reserves, which represent the Company''s working interest and royalty interest share of reserves, before deduction of the Company''s royalty obligations. All values in this press release are based on Sproule''s forecast [Read more]