BOE Report

ConocoPhillips Achieves First Steam at Surmont 2

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) achieved a significant milestone at its Surmont oil sands project in Canada with the on-schedule start of first steam at phase 2 on May 29. Surmont uses steam-assisted gravity drainage (SAGD) to recover the bitumen. This technique requires the reservoir to be heated with steam to allow the oil to flow. First steam is a significant step toward production, or first oil, expected by third quarter this year. Production will ramp-up through [Read more]

Dejour Issues NE BC Operational Update

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ) (TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Alberta. Woodrush Project-Oil As previously reported, Dejour tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from the recently completed [Read more]

ExxonMobil Announces Cold Lake Project Expansion Starts Production on Schedule

$2 billion expansion to increase production by 40,000 barrels per day Expansion accesses 280 million barrel bitumen resource IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that bitumen production began on schedule at the $2 billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada. The expansion is producing about 20,000 barrels per day and volumes are expected to increase during the year to peak daily production of 40,000 [Read more]

Dejour Reports Q1 2015 Results

49% Oil Production Increase Driven By New Woodrush Wells VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three month periods ended March 31, 2015. Q1 2015 Key Financial and Operating Highlights are: Successfully completed and [Read more]

Kinder Morgan and Keyera to Build New Crude Oil Storage Terminal in Edmonton

Initial Capacity of New Joint Venture Project Would Be 4.8 Million Barrels of Storage With Future Potential Storage Capacity of Up to 6.6 Million Barrels HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced a 50-50 joint venture with Keyera Corp. (TSX: KEY) to build a new crude oil storage terminal in Edmonton, Alberta. The joint venture owners have entered into long-term, firm take-or-pay agreements with strong, creditworthy customers to build 4.8 million barrels of [Read more]

Dejour Secures C$2MM Bridge Loan

James Dai Joins Board of Directors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has closed the initial tranche of an industry-standard bridge loan commitment of up to C$ 2MM from a principal and director of the Company. These funds will provide a flexible [Read more]

Dejour Reports Q4 and Fiscal 2014 Results Drills 11 New Wells Including Mancos Test at Kokopelli

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three and twelve month periods ended December 31, 2014. 2014 Key Financial and Operating Highlights are: Achieved a 2014 reserve replacement ratio of 3.8 times in Canada; Completed two [Read more]

IHS: Vast Majority of Crude Oil Transported via Keystone XL Pipeline Would Be Consumed in the United States

WASHINGTON--(BUSINESS WIRE)--Most, if not all, crude oil that would be transported via the proposed Keystone XL pipeline to the U.S. Gulf Coast would not be exported, and the vast majority of refined product (about 70 percent) derived from it would be consumed in the United States, according to a new report by IHS (NYSE: IHS), the leading source of critical information and insight. The report, which analyzes the outlook for oil sands and other heavy crudes in North America, also says that the [Read more]

Dejour Energy Reports YE 2014 Reserve Volumes and Values

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, is pleased to announce that today it has received the Year End 2014 Reserve Evaluations in accordance with Canada’s National Instrument 51-101* Standards of Disclosure. The current and forecast prices are based on YE 2014 spot and [Read more]

Dejour Successfully Completes Woodrush Oil Well Tie In

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE British Columbia. Dejour has successfully tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from [Read more]