BOE Report

CNW Oil and Gas

Cenovus and Headwater announce bought deal secondary offering of Headwater common shares worth approximately $114 million

CALGARY, AB - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus" or the "Selling Shareholder") and Headwater Exploration Inc. (TSX: HWX) ("Headwater" or the "Company") announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets (the "Lead Underwriters"), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from [Read more]

Distribution of Pipestone shares by Canadian Non-Operated Resources L.P.

CALGARY, AB – Canadian Non-Operated Resources L.P. ("CNOR LP") announces that Canadian Non-Operated Resources GP Inc. in its capacity as general partner, for and on behalf of CNOR LP distributed 103,750,000 common shares ("Common Shares") of Pipestone Energy Corp. ("PEC") to its limited partners as an in-kind distribution (the "Distribution"). Immediately prior to the Distribution, CNOR LP beneficially owned and controlled 103,750,000 Common Shares representing approximately 54.1% of the [Read more]

Inter Pipeline and Brookfield Infrastructure provide update on strategic transaction and executive transition plan

TORONTO and CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) announces the filing of its management information circular dated September 22, 2021 (the "Circular") and related meeting and proxy materials in connection with the previously announced transaction (the "Transaction") with Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, "Brookfield Infrastructure"). The Circular and related [Read more]

Tidewater announces third quarter 2021 dividend

CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that its Board of Directors has declared a dividend for the third quarter 2021 of $0.01 per common share payable on or about October 29, 2021 to shareholders of record on September 30, 2021.  The ex-dividend date is September 28, 2021. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). About Tidewater Tidewater is traded on the [Read more]

Tourmaline announces guidance update, 2022 approved budget and free cash flow allocation strategy; declares special cash dividend

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce a guidance update, the approved budget for 2022 and details on its free cash flow ("FCF")(1) allocation strategy, including the declaration of a special cash dividend and an increase in its regular quarterly cash dividend. 2H 2021/2022 EP CAPITAL BUDGET The recently approved 2022 EP capital budget of $1.125 billion is expected to deliver average production of 500,000-510,000 boepd, $3.7 [Read more]

Altura Energy Inc. announces closing of previously announced brokered private placement

CALGARY, AB - Altura Energy Inc. ("Altura" or the "Company") (TSXV: ATU) is pleased to announce the closing of its previously announced brokered private placement of an aggregate of 136,112,000 subscription receipts of the Company ("Subscription Receipts") at a price of $0.18 per Subscription Receipt for gross proceeds of $24.5 million (the "Brokered Private Placement"). The Brokered Private Placement was led by National Bank Financial Inc. ("NBF"), along with a syndicate of agents, including [Read more]

Altura Energy Inc. announces update regarding its previously announced brokered private placement and non-brokered private placement and new meeting arrangements

CALGARY, AB - Altura Energy Inc. ("Altura" or the "Company") (TSXV: ATU) is pleased to announce that its previously announced brokered private placement (the "Brokered Private Placement") of subscription receipts of the Company ("Subscription Receipts") at a price of $0.18 per Subscription Receipt has been oversubscribed and accordingly, it has received subscriptions for an aggregate of 136,112,000 Subscription Receipts for gross proceeds of $24.5 million. Additionally, the Company is pleased to [Read more]

Tourmaline and Topaz announce the closing of $108 million bought deal secondary offering of Topaz common shares

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Selling Shareholder") and Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announced today the closing of the previously announced secondary offering (the "Offering") of common shares of the Company (the "Common Shares"). Pursuant to the Offering, the Selling Shareholder sold 7,000,000 Common Shares at a price of $15.45 per Common Share for total gross proceeds to the Selling Shareholder of $108.15 million. The [Read more]

Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips

HOUSTON - Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell's interest in the Permian to ConocoPhillips, subject to regulatory approvals. "After reviewing multiple strategies and portfolio options for our Permian assets, this transaction with ConocoPhillips emerged as a very compelling value [Read more]