BOE Report

Twin Butte Energy Announces Second Quarter Financial Results, Continued Progress on Transition to Higher Value Asset Base and Dividend Reduction

CALGARY, Aug. 12, 2015 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or  the  "Company") is pleased to report its financial and operational results for the three and six months ended June 30, 2015. Highlights of Twin Butte's successful second quarter 2015 are as follows: Generated record funds flow of $57 million ($0.16/share). Continued the transition to a medium gravity, oil-focused producer with medium barrels accounting for 52% of oil production in the second [Read more]

Russel Metals Announces 2015 Second Quarter Results

TORONTO, Aug. 12, 2015 /CNW/ - Russel Metals Inc. (RUS - TSX) today announced financial results for the 2015 second quarter. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues $ 761 $ 893 $ 1,665 $ 1,817 EBIT 1 $ 31 $ 56 $ 68 $ 110 Net Income $ 16 $ 31 $ 35 $ 60 Earnings per Share [Read more]

Yangarra Announces Second Quarter 2015 Financial and Operating Results

CALGARY, Aug. 11, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2015. Second Quarter Highlights Adjusted EBITDA (which excludes changes in derivative financial instruments) was $4.1 million ($0.06 per share - basic). Oil and gas sales, after royalties, were $5.8 million with funds flow from operations of $3.6 million ($0.06 per share - basic).  This represents a 57% [Read more]

Northern Blizzard Resources Inc. Announces Second Quarter 2015 Results and Reduced Dividend

CALGARY, Aug. 11, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces its operating and financial results for the three and six months ended June 30, 2015. Northern Blizzard's unaudited financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2015 are available on our website at www.northernblizzard.com and on SEDAR at www.sedar.com. HIGHLIGHTS Second quarter 2015 production [Read more]

Seven Generations’ Q2 funds from operations up 92 percent to $127 million; production up 126 percent to 54,200 boe/d

Efficiency and optimization driving recent well costs down by $1 million per well CALGARY, Aug. 10, 2015 /CNW/ - Seven Generations Energy Ltd. (7G or the Company) generated second quarter funds from operations of $126.8 million, up 92 percent from the second quarter of 2014, and increased production 126 percent to 54,219 barrels of oil equivalent per day (boe/d). Second quarter oil and condensate production increased 123 percent to 20,702 barrels per day (bbls/d) compared to a year [Read more]

Toro Oil & Gas Ltd. closes total proceeds of production volume royalty agreement with Source Rock Royalties Ltd.

CALGARY, Aug. 10, 2015 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") has closed  the remaining $4 millionportion of the previously announced production volume royalty ("PVR") agreement with Source Rock Royalties Ltd. ("Source Rock"). On July 16, 2015, the Company announced the closing of the binding PVR for gross proceeds of $8 million. The total proceeds of $12 million are expected to be used to fund the Company's 2015 drilling program and for general corporate [Read more]

Alliance Pipeline force majeure results in temporary production suspension by Seven Generations

CALGARY, Aug. 7, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) was informed by Alliance Pipeline that an operational event has caused the pipeline company to call for natural gas suppliers to suspend pipeline injections for an indeterminate period of time. Seven Generations has been directed to suspend injection into the Alliance Pipeline on the morning of Friday, August 7, 2015. This suspension will result in a deferral of essentially all of Seven Generations' production until the [Read more]

Enerplus Announces Strong Second Quarter 2015 Results

CALGARY, Aug. 7, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces the results from operations for the second quarter of 2015. HIGHLIGHTS: Through the second quarter of 2015, Enerplus delivered production growth, improved cost performance and maintained a strong financial position. Production volumes grew by 7% quarter over quarter to 107,429 BOE per day. This growth was primarily driven by increased activity in North Dakota, where production averaged [Read more]

Advantage Provides Operational Update & Second Quarter 2015 Results

Production Reaches 183 mmcfe/d (30,500 boe/d) During Commissioning of Expanded Glacier Plant (TSX: AAV, NYSE: AAV) CALGARY, Aug. 6, 2015 /CNW/ - Advantage Oil & Gas Ltd. is pleased to provide; i) an operational update regarding the expansion of its 100% owned Glacier gas plant; ii) its second quarter 2015 operating and financial results; and iii) the estimated impact of TCPL's additional firm service restrictions and outages on Advantage's 2015 annual production. Advantage reached the [Read more]

Keyera to Acquire 50% Ownership Interest in a Portion of Grand Rapids Diluent Pipeline

CALGARY, Aug. 6, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it has agreed to acquire a 50% interest in the southernmost portion of the 20-inch diluent Grand Rapids Pipeline (the "Pipeline"). The 45-kilometre (28 mile) pipeline will be constructed by Grand Rapids Pipeline Limited Partnership ("Grand Rapids"), an affiliate of TransCanada PipeLines Limited ("TransCanada") and Brion Energy Corporation. The Pipeline will extend from Keyera's Edmonton Terminal ("KET") to [Read more]