BOE Report

Ovintiv ends JV with PetroChina and becomes 100% owner in partitioned Duvernay position

No change to net acreage, production, proved reserves or 2020-21 scenarios DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that its subsidiary, Ovintiv Canada ULC, has closed an agreement with PetroChina Canada Ltd. (PCC) to terminate the parties' joint venture and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta. Ovintiv and PCC have agreed to partition the Duvernay acreage and associated infrastructure as each company will [Read more]

Crescent Point updates production guidance and outlook

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) is pleased to announce reactivation of economic volumes previously shut-in and provide revised 2020 guidance along with a preliminary outlook for 2021. KEY HIGHLIGHTS  Reactivated shut-in volumes, resulting in second half 2020 production increasing by approximately 20 percent. Capital expenditures expected to be approximately $665 million in 2020, in-line with the lower end of [Read more]

Bonterra Energy Corp. announces extension of revolving credit facility

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announces it has received approval from its syndicate of lenders to extend the revolving period applicable to the Company's existing credit facility to September 30, 2020 from August 31, 2020. The credit facility will continue to be available on a revolving basis until that date. The extension affords Bonterra and its syndicate of lenders additional time to finalize definitive agreements [Read more]

ARC Resources Ltd. announces release of 2020 ESG report

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announces the release of its 2020 ESG Report, which details the Company's leading environmental, social, and governance ("ESG") performance and the increasingly important role that ARC's ESG practices serve in the Company's purpose, long-term strategy, and its strong financial and operational results. The 2020 ESG Report advances the Company's previous ESG disclosures and is fully aligned with the Sustainability Accounting [Read more]

AltaGas Ltd. provides notice of series A and series B preferred shares conversion rights and dividend rates

CALGARY, AB - AltaGas Ltd. ("AltaGas") (TSX: ALA) announced today that it does not intend to exercise its right to redeem any or all of its currently outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series A  (the "Series A  Shares") (TSX: ALA.PR.A)  or the Cumulative Redeemable Floating Rate Preferred Shares, Series B (the "Series B Shares") (TSX: ALA.PR.B) on September 30, 2020 (the "Conversion Date"). As a result, subject to certain conditions, the holders of the [Read more]

Whitecap announces strategic combination with NAL Resources in all-stock transaction

CALGARY, AB, Aug. 31, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has entered into an agreement in an all-stock transaction valued at approximately $155 million (the "Transaction") with NAL Resources Limited ("NAL") and a privately held wholly owned subsidiary of Manulife Financial Corporation ("Manulife"). NAL has oil and gas operations in Alberta and Saskatchewan and is currently producing approximately 27,000 boe/d (55% oil and [Read more]

Obsidian Energy proposes combination transaction to Bonterra Energy Corp.

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", "we", or "our") today announced that it has sent the following letter to Bonterra Energy Corp. (TSX: BNE) ("Bonterra") proposing a combination transaction that would be expected to result in significant cost synergies and drive substantial accretion across all financial metrics for both Obsidian Energy and Bonterra. August 31, 2020 Bonterra Energy Corp. 901, 1015 – 4th Street SW Calgary, Alberta T2R [Read more]

Altura Energy Inc. announces Q2 2020 results and renewal of credit facility

CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) announces its financial and operating results for the three and six months ended June 30, 2020 and the renewal of its credit facility.  The unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") are available at www.sedar.com and www.alturaenergy.ca.  Selected financial and operating information for the three and six months ended June 30, 2020 appear [Read more]

Clearview Resources Ltd. reports second quarter 2020 results

CALGARY, AB - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the three and six months ended June 30, 2020. FINANCIAL and OPERATIONAL RESULTS During the second quarter of 2020, Clearview's realized price per barrel of oil equivalent ("boe") was lower by 49% than the comparative period of 2019, due to lower prices being realized for all of the Company's products, except natural gas.  Crude oil and natural gas liquids [Read more]