BOE Report

Bonterra Energy Corp. confirms $104 Million in approved credit commitments from Export Development Canada, Business Development Bank of Canada and Alberta’s Site Rehabilitation Program

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce that it has received a reserve based lending commitment from Export Development Canada ("EDC") of up to $38.4 million (the "EDC Commitment"). In addition, Bonterra is pleased to confirm that to date, its vendors have been approved for $21 million of funding through Alberta's Site Rehabilitation Program ("SRP"). These amounts build on the Company's recently approved $45 [Read more]

Canada Energy Regulator responds to crude oil release at Enbridge’s Express Line Pump Station, near Youngstown, Alberta

CALGARY, AB - The Canada Energy Regulator (CER) has been notified of an above ground crude oil release that occurred on October 2, 2020, at a pump station near Youngstown, Alberta. The release occurred on the Enbridge Express Pipeline. The line has been shut down. Enbridge has reported that the spill is largely contained to company property and that there is no risk to human safety. Clean-up is underway and is expected to continue over the weekend. No water bodies or wildlife are reported [Read more]

Highwood Oil Company Ltd. announces amendment to credit facility

CALGARY, AB - Highwood Oil Company Ltd. (TSXV: HOCL) ("Highwood" or the "Company") announces amendments to the Company's reserve-based credit facility (the "Credit Facility"). Credit Facility Amendment The Company's Credit Facility has been amended with the maturity date of Term Facility A extended to November 30, 2020. Should oil pricing improve the Company would aim to extend the revolving periods prior to the next renewal date. The Company will also continue to work with its lender to [Read more]

Obsidian Energy announces Alberta site rehabilitation program awards and hedging update

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our Alberta Site Rehabilitation Program ("ASRP") grant applications and to give details on additional commodity hedges made during the third quarter of this year. Alberta Site Rehabilitation Program Awards In partnership with our service providers, the Company has received ASRP grants to date totaling $17 million and an additional $4 [Read more]

Wet’suwet’en Legal Challenge to Coastal GasLink to be heard in the BC Supreme Court

WET'SUWET'EN YINTAH AND VANCOUVER, BC - The Office of the Wet'suwet'en is asking the B.C. Supreme Court to set aside B.C.'s decision to extend the environmental certificate for Coastal GasLink's (CGL) proposed fracked gas pipeline in northern B.C. for another five years. The Wet'suwet'en application for a Judicial Review will be heard by the B.C. Supreme Court on October 1, 2020. The extension decision is of crucial importance to the Wet'suwet'en as it represents the only opportunity for [Read more]

TransAlta and Tidewater Midstream Enter into Agreement to Sell the Pioneer Pipeline to ATCO Gas and Pipelines Ltd.

CALGARY, AB - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that the Company, with its partner Tidewater Midstream & Infrastructure Ltd. ("Tidewater"), has entered into a Purchase and Sale Agreement with ATCO Gas and Pipelines Ltd. ("ATCO") to sell the Pioneer Pipeline for a purchase price of CDN $255 million. This agreement replaces the Company's previous agreement to sell its interest in the Pioneer Pipeline to NOVA Gas Transmission Ltd. [Read more]

Tidewater announces change in purchaser on Pioneer Pipeline disposition

CALGARY, AB, Oct. 1, 2020 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation"), together with its partner TransAlta Corporation ("TransAlta") has entered into an updated Purchase and Sale Agreement ("PSA") with ATCO Gas and Pipelines Ltd. ("ATCO") to sell the Pioneer Pipeline to ATCO for a purchase price of CDN $255 million under substantially similar terms to the previously announced transaction with NOVA Gas Transmission Ltd. ("NGTL"). This PSA replaces the [Read more]

Canadian Utilities Acquires Pioneer Pipeline for $255 Million

CALGARY, AB - ATCO Ltd. (TSX: ACO.X) (ACO.Y) / Canadian Utilities Limited (TSX: CU) (TSX: CU.X)   Canadian Utilities subsidiary ATCO Gas and Pipelines Ltd. ("ATCO") has entered into a Purchase and Sale Agreement to acquire the Pioneer Pipeline from Tidewater Midstream & Infrastructure Ltd. ("Tidewater") and its partner TransAlta Corporation ("TransAlta") for a purchase price of CDN $255 million. The 131-km natural gas pipeline runs from the Drayton Valley area to the Wabamun [Read more]

TORC Oil & Gas Ltd. announces inaugural 2020 sustainability report

CALGARY, AB - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce the completion of the Company's inaugural Sustainability Report, highlighting the Company's efforts and commitments to responsibly develop the Company's natural resources. The Sustainability Report exemplifies TORC's core values of integrity and respect for the environment and the health, safety, and well-being of employees and the communities in which the Company operates.  Environmental, social [Read more]

Paramount Resources Ltd. acquires common shares of NuVista Energy Ltd.

This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that it acquired direct ownership and control of 17,324,000 common shares ("NuVista Shares") of NuVista Energy Ltd. ("NuVista") (TSX: NVA) today (the "Transaction") at a price of $0.61 per NuVista Share for an aggregate purchase price of $10,567,640. The Transaction was conducted [Read more]