BOE Report

Gibson Energy announces 2021 third quarter results

CALGARY, AB - Gibson Energy Inc. announced today its financial and operating results for the three and nine months ended September 30, 2021. "We are pleased to report another strong quarter from both an operational and financial perspective, with our Infrastructure segment run-rate increasing with a partial quarter contribution from the DRU beginning operation and Marketing performance within our initial outlook," said Steve Spaulding, President and Chief Executive Officer.  "Our focus [Read more]

Prime Minister Trudeau announces cap on oil and gas sector emissions at COP26 summit

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The following is a press release issued by the Government of Canada: GLASGOW, United Kingdom - Since signing the historic Paris Agreement in 2015, the Government of Canada has taken significant action to address climate change. As a climate leader, Canada has put in place measures to reduce pollution to work toward meeting our Paris commitments, and achieving a net-zero economy by 2050. As the world shifts to a cleaner and greener economy, Canada will continue to take a leadership role in the [Read more]

Tamarack Valley Energy Ltd. announces approval of normal course issuer bid

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce the Toronto Stock Exchange (the "TSX") has approved the Company's application for a normal course issuer bid (the "NCIB"). The NCIB allows Tamarack to purchase up to 20,354,360 common shares ("Common Shares") of the Company (representing approximately 5% of the 407,087,206 outstanding Common Shares as of October 25, 2021) over a period of twelve months commencing on November 3, 2021. The NCIB will [Read more]

Advantage announces third quarter 2021 financial and operating results

CALGARY, AB - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report its third quarter 2021 results including record production, record free cash flow(a) and accelerated debt reduction. Operational performance of our summer development program exceeded expectations, with many of our new wells ranking amongst the best producers in our history.  With elevated commodity prices presiding through much of the quarter and excess plant capacity available for new volumes, the [Read more]

Brookfield Infrastructure closes strategic acquisition of Inter Pipeline

TORONTO and CALGARY, AB - Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSX: BIP.UN), together with its institutional partners (collectively, "Brookfield Infrastructure") and Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) are pleased to announce the successful completion of Brookfield Infrastructure's strategic acquisition of Inter Pipeline pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). The [Read more]

Canada’s oil and natural gas industry plays key role in Indigenous prosperity

CALGARY, AB - The Canadian Association of Petroleum Producers (CAPP) has released a new report, Indigenous Engagement and ESG, its second in a series outlining environment, social and governance (ESG) performance in Canada's upstream natural gas and oil industry. The report highlights many examples of how Indigenous peoples and the upstream oil and natural gas sector are finding new ways to work together, growing resource development in a sustainable and mutually beneficial manner. This is [Read more]

Pan Orient Energy Corp. operations and corporate update

CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (POE – TSXV) is pleased to provide the following Operations and Corporate update. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. THAILAND Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership) Thailand oil sales for Concession L53 averaged 2,259 BOPD, 3,135 BOPD and 3,024 BOPD (1,130 BOPD, 1,568 BOPD and 1,512 [Read more]

Vesta Energy Corp. announces early tender results of its offer to exchange new 10.000% second lien senior secured step-up notes due 2026 for its 8.125% senior unsecured notes due 2023 and related consent solicitation

CALGARY, AB - Vesta Energy Corp. ("Vesta") is pleased to announce the early tender results of its previously announced offer to exchange an equivalent aggregate principal amount of newly issued 10.000% second lien senior secured step-up notes due October 15, 2026 (the "New Notes") for properly tendered, and not validly withdrawn, 8.125% senior unsecured notes due July 24, 2023 (the "Existing Notes") (the "Exchange Offer") and related consent solicitation (the "Consent Solicitation"). The terms [Read more]

Whitecap Resources Inc. reports continued financial and operational momentum with third quarter Rresults

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three and nine months ended September 30, 2021. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis for the three and nine months ended September 30, 2021 which are available at [Read more]

Crescent Point announces Q3 2021 results

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2021. KEY HIGHLIGHTS  Generated over $180 million of excess cash flow, or over $580 million year-to-date, further enhancing balance sheet strength. Successfully commenced Kaybob Duvernay drilling program, with completions expected in fourth quarter 2021. Entered into farm-in agreement [Read more]