BOE Report

Ovintiv targets 33% reduction in methane intensity by 2025

Metric to be directly tied to compensation for all employees DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today disclosed a goal to reduce methane intensity 33% by 2025. The objective, approved this week by its board of directors, will be tied to Ovintiv's annual incentive compensation program for all employees beginning in 2021. The significant reduction will be benchmarked against the Company's 2019 actual methane intensity of 0.15 metric tons CH4/thousand barrels of oil equivalent [Read more]

AltaGas announces closing of increased interest in Petrogas; continues to advance global export strategy

AltaGas closes strategic acquisition of increased ownership in Petrogas; remains focused on providing access to premium global LPG markets and reducing Asian carbon intensity while growing earnings per share and creating earnings durability for shareholders. CALGARY, AB - AltaGas Ltd. ("AltaGas or the Company") (TSX: ALA) is pleased to announce that it has closed the previously announced acquisition of an additional 37 percent equity interest in Petrogas Energy Corp. ("Petrogas") for total [Read more]

Perpetual Energy Inc. announces arrangement involving its senior unsecured notes

CALGARY, AB – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that, in furtherance of its strategic priority of improving the Company's balance sheet and liquidity, it proposes to exchange its outstanding 8.75% senior unsecured notes due January 23, 2022 (the "Notes") for new 8.75% secured third-lien notes due January 23, 2025 (the "New Notes") pursuant to a Court-approved plan of arrangement (the "Note Exchange Arrangement"). The New Notes will be issued under a new [Read more]

Whitecap Resources Inc. confirms monthly dividend for December of $0.01425 per share

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.01425 per common share in respect of December operations will be paid on January 15, 2021 to shareholders of record on December 31, 2020.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.  Our business is focused on [Read more]

ARC Resources Ltd. confirms quarterly dividend amount of $0.06 per share for January 15, 2021

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly dividend amount of $0.06 per share for January 15, 2021, to shareholders of record on December 31, 2020. The ex-dividend date is December 30, 2020. On December 15, 2020, the trailing 12-month payments to shareholders total $0.34 per share. ARC is one of Canada's largest conventional oil and gas companies with an enterprise value of approximately $3 billion. ARC's common shares trade on the TSX under the symbol [Read more]

Keyera launches inaugural ESG report, signs solar power deal for 10% of electricity needs

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") today released its inaugural environment, social, and governance (ESG) report. The announcement coincides with Keyera and Samsung Renewable Energy Inc. signing a 15-year power purchase agreement (PPA). "Our vision of what it means to be a responsible Canadian energy infrastructure company has served us well through industry cycles and economic changes, particularly in recent years," says David Smith, Chief Executive Officer. "Through a robust [Read more]

Topaz Energy Corp. announces strategic royalty acquisition in the Clearwater area of Alberta

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce it has entered into a non binding letter of intent with Tamarack Valley Energy Ltd. ("Tamarack") for the purchase of royalty interests which includes a minimum capital development commitment (the "Royalty Acquisition"). The Royalty Acquisition provides free cash flow growth and diversification for Topaz while enabling Tamarack to advance its own growth; demonstrating Topaz's growth strategy of acquiring [Read more]

Highwood Oil Company Ltd. announces disposition of Clearwater assets for $40.8 million in cash

CALGARY, AB - Highwood Oil Company Ltd., ("HOCL", "Highwood" or the "Company") (TSXV: HOCL) is pleased to announce that, as a result of its strategic alternatives review process, it has today entered into a definitive agreement with an arm's length purchaser, Tamarack Valley Energy Ltd. ("Tamarack") to divest of the Company's Clearwater assets for cash consideration of $40.8 million (the "Divestiture").  The effective date of the Divestiture is November 1, 2020. The Divesture is expected to [Read more]

Tamarack Valley Energy announces strategic Clearwater oil acquisitions, $47 million equity financing and preliminary 2021 guidance

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce two strategic acquisitions (together, the "Acquisitions") which will establish a significant consolidated and operated position in the Clearwater oil play in the Greater Nipisi area along with interests in the Jarvie area of Alberta for a total net purchase price of $74.0 million, after deducting the proceeds from the sale of a 2% newly created gross overriding royalty (the "GORR [Read more]

Pembina Pipeline Corporation announces 2021 guidance and provides business update

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information see "Non-GAAP Measures" herein. CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) is pleased to provide its 2021 [Read more]