BOE Report

Cathedral announces update to the timing of the name change and stock consolidation for trading purposes

CALGARY, AB, July 3, 2024 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") announces that, further to its press release dated June 27, 2024, the Company's common shares are expected to continue to trade on the TSX on an unconsolidated basis under the Cathedral name and symbol "CET" until the close of trading on July 4, 2024. The Company's seven (7) for one (1) share consolidation and name change to "ACT Energy Technologies Ltd." is expected to become effective for [Read more]

InPlay Oil Corp. confirms monthly dividend for July 2024

CALGARY, AB, July 2, 2024 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on July 31, 2024, to shareholders of record at the close of business on July 15, 2024. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay is a junior [Read more]

Wolf Midstream announces $1 billion Phase Two expansion of its NGL North System

CALGARY, AB, July 2, 2024 /CNW/ - Wolf Midstream (Wolf) is pleased to announce a positive final investment decision to proceed with its NGL North Phase Two project, which will significantly increase the natural gas liquids (NGL) production capacity of Wolf's existing NGL North System (NGL North), which was successfully commissioned in 2023. Once completed, the expanded system will have the ability to recover NGL from approximately 1.5 billion cubic feet per day (Bcf/d) of natural gas and [Read more]

MEG Energy announces appointment of new director

CALGARY, AB, July 2, 2024 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) announces the appointment of Michael McAllister to its board of directors, effective July 1, 2024. Mr. James D. McFarland, Chair of the Board of Directors, stated: "We are pleased to welcome Michael to MEG's Board of Directors. Michael's experience and expertise will be of significant benefit to MEG as we execute on our strategic initiatives." Mr. McAllister, P.Eng., has 40 years of energy industry [Read more]

Paramount Resources Ltd. announces renewal of normal course issuer bid and July dividend

CALGARY, AB, July 2, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice to renew its normal course issuer bid ("NCIB") for its class A common shares ("Common Shares"). The renewal of the NCIB provides the Company with the continued flexibility to increase shareholder returns through the repurchase of Common Shares at times when management believes that the market [Read more]

Topaz announces strategic infrastructure acquisition in the Alberta Montney and increases 2024 guidance

CALGARY, AB, July 2, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce the completion of the acquisition of a 50% non-operated working interest in Whitecap Resources Inc.'s ("Whitecap") newly commissioned natural gas and condensate facility, located in the Musreau area of the Alberta Montney (the "Facility"), for total cash consideration of $100.0 million (the "Facility Acquisition"). Infrastructure Acquisition The Facility Acquisition is [Read more]

Whitecap Resources Inc. announces partial infrastructure dispositions for $520 million, FID on new Lator facility and strategic partnership with Pembina Gas Infrastructure

CALGARY, AB, July 2, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 50% working interest sale of our Musreau 05-09 facility (the "Musreau Facility") to Topaz Energy Corp ("Topaz") for gross proceeds of $100 million. Whitecap also announces a strategic infrastructure partnership with Pembina Gas Infrastructure ("PGI") which includes a 50% working interest sale of our 15-07 Kaybob Complex (the "Kaybob Complex") and funding of Whitecap's [Read more]

Aramco’s strategic gas expansion progresses with $25bn contract awards

Phase two of ambitious Jafurah gas development commences with award of contracts worth around $12.4bn Contracts worth around $8.8bn awarded for phase three expansion of Company's Master Gas System 23 additional unconventional gas rig contracts valued at $2.4bn and two directional drilling contracts worth $612 million also awarded, while 13 well tie-in contracts at Jafurah worth $1.63bn have been awarded between December 2022 and May 2024 Projects aim to support growth of Aramco's gas [Read more]

Cathedral announces effective date of name change and share consolidation, and share consolidation ratio

CALGARY, AB, June 27, 2024 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") announces that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company, approved by its shareholders on May 9, 2024, on the basis of one (1) post-consolidation common share for every seven (7) pre-consolidation common shares (the "Consolidation"). The Consolidation, and the previously announced name change of [Read more]

ATCO EnPower to proceed with Atlas Carbon Storage Hub: “A significant step forward in Alberta’s energy transition”

CALGARY, AB, June 26, 2024 /CNW/ - Canadian Utilities Limited (TSX: CU) ATCO EnPower is thrilled to announce, that together with our partner Shell Canada Limited, the Final Investment Decision (FID) has been made to proceed with the first phase of the Atlas Carbon Storage Hub. Investment in this multi-phase, open-access carbon storage hub is a major milestone in ATCO's commitment to reduce greenhouse gas emissions. The facility will be located east of Edmonton and able to store industrial [Read more]