BOE Report

Clearview Resources Ltd. announces strategic infrastructure disposition and asset acquisition

CALGARY, AB, June 3, 2024 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is very pleased to announce the disposition of certain underutilized infrastructure assets at its 100% owned Northville property in West Central Alberta for gross cash proceeds of $10.8 million. The disposition includes the sale of a 90% working interest in 10.9 kilometres of certain gathering pipeline systems, a 75% working interest in a compression facility and a 94% working interest in a 22.1 kilometre [Read more]

SECURE announces extension of credit facility

CALGARY, AB, June 3, 2024 /CNW/ - SECURE Energy Services Inc. ("SECURE", the "Corporation") (TSX: SES) is pleased to announce it has entered into an amended and restated credit agreement for its $800 million Senior Secured Revolving Credit Facility ("Credit Facility"), extending the maturity until May 31, 2027. This extension strengthens SECURE's capital structure, backed by commitments from nine financial institutions and Chartered Banks, and ensures a low cost of capital for the next [Read more]

Enbridge completes acquisition of Questar Gas Company

CALGARY, AB, June 3, 2024 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of the Questar Gas Company ("Questar Gas") and its related Wexpro companies ("Wexpro" and collectively with Questar Gas, "Questar") from Dominion Energy, Inc. ("Dominion"). The Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming, and in Idaho as Enbridge Gas Idaho. Questar will join Enbridge's [Read more]

Paramount Resources Ltd. announces June dividend

CALGARY, AB, June 3, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on June 28, 2024 to shareholders of record on June 17, 2024.  The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [Read more]

Tidewater Midstream and Infrastructure Ltd. announces results of annual general and special meeting

CALGARY, AB, May 31, 2024 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the voting results from our annual general and special meeting of holders of common shares ("Shares") of the Corporation held in Calgary, Alberta on May 29, 2024 (the "Meeting"). A total of 285,462,070 Shares representing 66.58 percent of the outstanding Shares were voted in connection with the Meeting. The holders of Shares: (i) elected Thomas Dea, [Read more]

Clearview Resources Ltd. reports first quarter 2024 results

CALGARY, AB, May 30, 2024 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the three months ended March 31, 2024. FINANCIAL and OPERATIONAL RESULTS Production for the three months ended March 31, 2024 was down 9% to average 1,634 barrels of equivalent per day ("boe/d") versus the comparative quarter of 2023 at 1,801 boe/d.  The decrease was due to lower oil production of 18% as a result of the dispositions in [Read more]

AltaGas and Vopak reach positive final investment decision on Ridley Island Energy Export Facility

World class export facility will strengthen Canada's position as a growing global energy exporter CALGARY, AB, PRINCE RUPERT, BC, and ROTTERDAM, The Netherlands, May 29, 2024 /CNW/ - 6:30pm Mountain Standard Time / 30 May 2023 – 3:30 Central European Time.  All figures contained in the press release are in Canadian dollars unless otherwise stated. AltaGas Ltd. ("AltaGas") (TSX: ALA) and Royal Vopak ("Vopak") (XAMS: VPK) (together the "Joint Venture", "Partners" or "Partnership") are [Read more]

Surge Energy Inc. announces non-core asset sales; commencement of phase 2 return of capital framework; normal course issuer bid; base dividend increase; Sparky crude oil discovery; and updated 2024 guidance

CALGARY, AB, May 29, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management's Phase 2 net debt1 target, an anticipated increase to Surge's base dividend, the intention to institute a normal course issuer bid ("NCIB"), and a large new Sparky crude oil discovery. In addition, Surge has scheduled a conference call and [Read more]

Fiddlehead announces transformational acquisition of producing, South Ferrier, Strachan assets, $25 million in financings and public listing of its securities

CALGARY, AB, May 29, 2024 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead" or the "Company") is pleased to announce that Company along with a wholly owned subsidiary of Fiddlehead ("FinanceCo"), together the ("Parties"), have entered into a definitive agreement dated May 29, 2024 (the "Definitive Agreement") pursuant to the acquisition ("Acquisition") of South Ferrier, Strachan area assets ("Assets") from a senior Canadian producer. In addition, Fiddlehead has entered into an agreement with [Read more]

Source Rock Royalties announces Q1 2024 results including record royalty production

CALGARY, AB, May 29, 2024 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period ended March 31, 2024 ("Q1 2024"). Q1 2024 Highlights: Record quarterly royalty production of 241 boe/d (95% oil and NGLs), an increase of 34% over Q1 2023. Quarterly royalty revenue of $1,728,050, an increase of 25% over Q1 2023. Quarterly Adjusted [Read more]