BOE Report

Advantage provides operational update first quarter 2021 production outperformance

CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update following the conclusion of its winter capital program. For the first quarter of 2021, Advantage achieved record average production of approximately 49,700 boe/d (270.6 mmcf/d natural gas, 2,155 bbls/d crude oil and condensate, and 2,445 bbls/d NGLs), an increase of 14% over the previous quarter. All 14 new wells completed at Glacier have exceeded Management's expectations, [Read more]

Inter Pipeline awarded $408 million grant under Alberta’s Petrochemicals Incentive Program

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it will receive $408 million under the Alberta Petrochemicals Incentive Program ("APIP"). The grant has been awarded in support of Inter Pipeline's Heartland Petrochemical Complex ("HPC"), a world-class integrated propane dehydrogenation ("PDH") and polypropylene ("PP") production facility, which will be operational in early 2022. "The APIP grant recognizes the significant contribution HPC has and will [Read more]

Crescent Point closes accretive acquisition of Kaybob Duvernay assets

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully closed its accretive transaction previously announced on February 17, 2021. The Company has acquired Shell Canada Energy's Kaybob Duvernay assets in Alberta (the "Assets") for $900 million (the "Acquisition"). This strategic Acquisition enhances Crescent Point's core principles of balance sheet strength and sustainability. In particular, these [Read more]

Inter Pipeline modifies shareholder rights plan to support strategic alternatives review

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) announced today that its Board of Directors (the "Board"), has unanimously adopted a limited-purpose supplemental shareholder rights protection plan (the "Supplemental Rights Plan"), following a recommendation of the Special Committee of independent directors (the "Special Committee"). The Supplemental Rights Plan is not intended to prevent Brookfield Infrastructure Partners L.P. ("Brookfield") or its [Read more]

Advantage announces advanced Modular Carbon Capture and Storage (“MCCS”) technology, first commercial MCCS deployment at Glacier, and founding of Entropy Inc.

CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") and Allardyce Bower Consulting Ltd. ("ABC") are pleased to announce they have jointly developed breakthrough carbon capture and storage technology capable of commercial profitability at a carbon price below CDN$50/tonne.  The first deployment of the technology will occur at Advantage's Glacier Gas Plant near Grande Prairie, Alberta and is expected to enter service by March 2022. The Modular Carbon Capture and [Read more]

ARC Resources and Seven Generations announce shareholder and court approval of strategic Montney combination

CALGARY, AB - (TSX: ARX) (TSX: VII) ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") are pleased to announce that the shareholders of each company have voted in favour of the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development. The Business Combination is expected to be completed on or about April 6, 2021 and is subject to the satisfaction of all closing [Read more]

Bonterra Energy Corp. announces expiration of Obsidian Energy Ltd.’s unsolicited bid

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") acknowledges Obsidian Energy Ltd.'s ("Obsidian") press release, dated March 29, 2021, which confirms that Obsidian has not extended its hostile bid, and therefore the hostile bid expired as of 5 p.m. (MST) on March 29, 2021. As of the expiry, the hostile bid was unsuccessful and any Bonterra shares that had been tendered will be promptly returned to the respective Bonterra shareholders. The [Read more]

Whitecap Resources Inc. increases 2021 production guidance with no increase to capital spending and enhances balance sheet strength through credit redetermination

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide shareholders with an operational update on our successful capital program thus far in 2021 allowing us to increase 2021 production guidance with no change to our capital program, resulting in increased free funds flow. In addition, we continue to enhance our financial strength by extending our credit facility maturity to May 31, 2025 and maintaining our low cost of debt. OPERATIONS [Read more]

Highwood Oil Company Ltd. announces completion of successful disposition program, acquisition of over 320,000 acres of lithium permits, and strategic transformation to an asset management company

CALGARY, AB - Highwood Oil Company Ltd (TSXV: HOCL) ("Highwood" or the "Company") is pleased to provide the below updates. Operational Update As previously announced on November 13, 2020, Highwood has closed the divestiture of its Red Earth assets ("Red Earth") and the related decommissioning liability of approximately $35 million, for sale proceeds of $2 million in cash (the "Red Earth Sale"). The disposition of Red Earth was to Blue Sky Resources Ltd., an arm's-length Alberta-based, [Read more]

Tamarack Valley Energy Ltd. announces closing of previously announced strategic Clearwater and Waterflood asset acquisitions and $68 million equity financing

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the closing of the two previously announced strategic acquisitions (together, the "Acquisitions") in the Provost and Nipisi areas of Alberta for a total net purchase price of $135.3 million, after deducting the proceeds from the sale of two newly created 4% gross overriding royalties ("GORR") on a select portion of the acquired Nipisi properties. Concurrent with the Acquisitions, the [Read more]