BOE Report

NEB approves WesPac Midstream LNG export licence

CALGARY, May 8, 2015 /CNW/ - The National Energy Board (NEB) has approved the application of WesPac Midstream – Vancouver LLC (WesPac) for a 25 year natural gas export licence with a maximum term quantity of 116.44 billion cubic metres1. The issuance of this licence is subject to the approval of the Governor in Council. When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, taking into [Read more]

Bellatrix announces proposed US$250 million offering of senior unsecured notes

CALGARY, May 8, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it intends to commence a private offering to eligible purchasers, subject to market conditions, of US$250 million in aggregate principal amount of senior unsecured notes due 2020 (the "notes").  Bellatrix intends to use the net proceeds from the offering of the notes to partially repay borrowings outstanding under its bank credit facility. The notes have not been [Read more]

Enerplus Building Momentum with Strong Operational First Quarter 2015 Results

CALGARY, May 8, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces the results from operations for the first quarter 2015. HIGHLIGHTS: Enerplus delivered strong operating results and continued to demonstrate prudent financial stewardship through a focus on disciplined capital allocation and cost control. We are well positioned to achieve our key operating targets in 2015 and remain in a strong financial position as we navigate through a challenging commodity [Read more]

Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2015

CALGARY, May 8, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three months ended March 31, 2015. HIGHLIGHTS Achieved average production of 50,386 boe/d during the first quarter of 2015, an increase of 2% as compared to 49,571 boe/d in the prior quarter, and 8% versus 46,677 boe/d during the first quarter of 2014.  Production increased in Canada, France and the [Read more]

Advantage Announces First Quarter 2015 Results

Glacier Results Sets the Stage for 36% Production Growth to 183 mmcfe/d in July 2015   (TSX: AAV, NYSE: AAV) CALGARY, May 7, 2015 /CNW/ - During the first quarter of 2015, Advantage achieved an 8% production per share growth and a 13% reduction in total cash costs, reinforcing the Corporation's focus on sustained production growth supported by an industry leading low cost structure.  Ongoing Glacier well production outperformance, a strong balance sheet and an attractive hedging program [Read more]

Pembina Pipeline Corporation Reaffirms Plans to Progress its Proposed Portland Propane Terminal

All financial figures are in United States dollars. CALGARY, May 7, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) reaffirms its plans to proceed towards next steps in the development of its proposed Portland Propane Export Terminal Project (the "Project"). The Company was disappointed to learn that Mayor Hales of Portland has withdrawn his support for the Project. Pembina has appreciated the leadership, guidance and past support of the mayor [Read more]

Whitecap Resources Inc. Announces First Quarter 2015 Results

CALGARY, May 6, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2015. Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") are available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND OPERATING HIGHLIGHTS     Three months ended March [Read more]

Penn West Announces The Closing Of The Previously Announced Sale Of Royalties

CALGARY, May 6, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", or the "Company") is pleased to announce that it has successfully closed its previously announced sale of royalty production and mineral title lands for an aggregate cash consideration of approximately $318 million, after minor closing adjustments. Proceeds from this transaction will be used to reduce the Company's senior debt. About Penn West Penn West is one of the largest conventional oil and [Read more]

Keyera Announces Election of Directors

CALGARY, May 5, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that all nominees listed in its Notice of Meeting and Information Circular dated March 19, 2015, were elected as directors of Keyera at its Annual Meeting of Shareholders held earlier today in Calgary, Alberta. The results of the votes are as follows: Nominee Votes For Votes Withheld Number % Number % James V. Bertram 54,233,526 98.77 672,750 1.23 Douglas J. Haughey 54,875,099 99.94 [Read more]

Pembina Pipeline Corporation Reports First Quarter 2015 Results

Solid Operating Results and Progress on Capital Projects Continues to Support Financial Resiliency; Board Approves 5.2 Percent Dividend Increase CALGARY, May 5, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2015. Financial Overview ($ millions, except where noted) 3 Months Ended March [Read more]