BOE Report

Spyglass Resources Corp. announces revised 2015 capital program and production guidance

All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. CALGARY, Feb. 11, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces revised 2015 capital program and production guidance. As a result of the sustained decline in commodity prices, Spyglass has revised its 2015 capital budget to $8 million from the previously announced $26 million. This reduced [Read more]

Keyera Announces Two-for-One Share Split

CALGARY, Feb. 11, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today a two-for-one split of Keyera's outstanding common shares. The record date for the share split will be April 1, 2015. Each Keyera shareholder will receive one additional common share of Keyera for each common share held on the share split record date. The Toronto Stock Exchange has determined that, in connection with the share split, the common shares will be traded in accordance with "due bill" trading [Read more]

ARC Resources Ltd. reports record fourth quarter production and strong financial results

CALGARY, Feb. 11, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2014 operating and financial results.  Fourth quarter production averaged a record 117,986 boe per day and funds from operations were $251.7 million ($0.79 per share).  ARC's Audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussi|on and Analysis ("MD&A") for years ended December 31, 2014 and 2013, are available on ARC's website at [Read more]

ARC Resources Ltd. announces 210 per cent produced reserves replacement in 2014

CALGARY, Feb. 11, 2015 /CNW/ - (ARX – TSX) ARC Resources Ltd. ("ARC") released today its 2014 year-end reserves and resources information. "Our team delivered another year of exceptional results, replacing 210 per cent of production through the drill bit at low finding and development costs.  Our Montney assets were the centerpiece of reserves and resources growth in 2014, a testament to the high quality assets in our portfolio.  Our low finding and development costs reflect the success of [Read more]

Keyera Corp. Announces Year End 2014 Results

CALGARY, Feb. 11, 2015 /CNW/ - Keyera Corp. (TSX:KEY) announced their 2014 year end results today, the highlights of which are included in this news release. The entire press release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. HIGHLIGHTS Net earnings were a record $230 million ($2.80 per share) in 2014, 56% higher than the [Read more]

First Nation Voices Frustration With Status-Quo Resource Development Models in its Territory: Outlines New Rules as it Begins Exploring the Eagle Spirit Energy Project

FORT FRASER, BC, Feb. 11, 2015 /CNW/ - Nadleh Whut'en First Nation Council says it is no longer "business as usual" with respect to resource development in its territory: Industry and the Crown must accept the existence of our Yinka Dene environmental laws or they will find that investment conditions are not present to allow their projects to succeed. The announcement comes as Nadleh Whut'en is in court challenging the constitutionality of the Crown's conduct in relation to both oil and gas [Read more]

Ivanhoe Energy to receive an additional US$2.37 million secured bridge loan from Robert Friedland

VANCOUVER, Feb. 11, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company has entered into an agreement with founder Robert Friedland to provide the company with a further US$2.37 million (approximately C$3.0 million) secured bridge loan. The new funds to be received from Mr. Friedland are in addition to the US$2.2 million (approximately C$2.8 million) secured bridge loan provided by Mr. Friedland in October 2014, details of which are contained in [Read more]

Yangarra Announces 114% Increase in 2014 Reserves

CALGARY, Feb. 10, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the"Company") (TSX:YGR) releases the results of its 2014 year end oil and gas reserves evaluation, provides an operations update and a 2015 outlook. Reserve Report Highlights: The financial and operational information below is based on estimates and are unaudited. Developed producing reserves ("PDP") Increased by 48% (30% per share) to 5.8 million boe. Net present value before tax discounted at 10% ("NPV10") is $99.6 [Read more]

Keyera Announces February 2015 Dividend

CALGARY, Feb. 10, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today a cash dividend for February 2015 of 21.5 cents per common share. The dividend will be payable on March 16, 2015, to shareholders of record on February 24, 2015. The ex-dividend date is February 20, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax. About Keyera Corp. Keyera Corp. [Read more]

Pembina Pipeline Corporation To Expand Vantage Pipeline

CALGARY, Feb. 10, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has entered into agreements to expand the Vantage pipeline system ("Vantage") (the "Vantage Expansion") for an estimated capital cost of $85 million. The Vantage Expansion entails increasing Vantage's mainline capacity from 40,000 barrels per day ("bpd") to approximately 68,000 bpd through the addition of mainline pump stations and the construction of a new 80 [Read more]