BOE Report

Ivanhoe Energy Reports Third Quarter 2014 Financial Results

Note:  All figures are quoted in U.S. dollars unless otherwise noted. CALGARY, Oct. 30, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today reported its financial results for the third quarter of 2014. Third Quarter Financial Summary Ivanhoe Energy filed its quarterly financial report on Form 10-Q with the U.S. Securities and Exchange Commission and its unaudited interim consolidated financial statements with the Canadian Securities Administrators for the quarter ended [Read more]

Seven Generations Announces Pricing of Initial Public Offering and Filing of Final Prospectus

CALGARY, Oct. 29, 2014 /CNW/ - Seven Generations Energy Ltd. (the "Company" or "7G") is pleased to announce that it has priced the initial public offering (the "Offering") of 45 million common shares of 7G at $18 per common share ("Offering Price") for aggregate gross proceeds to 7G of $810 million.  7G has filed a supplemented PREP prospectus dated October 29, 2014 (the "Prospectus") in respect of the Offering with the securities commissions of each of the provinces of Canada. The Offering is [Read more]

Penn West Announces Appointment of Mr. Raymond D. Crossley to its Board of Directors

CALGARY, Oct. 29, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", the "Company", "we", or "our") is pleased to announce that its Board of Directors has appointed Mr. Raymond Crossley, CA to the Board effective late February, 2015, following his pending retirement from a long and distinguished career with PricewaterhouseCoopers LLP ("PwC"). Ray has elected to delay joining the Board until 2015 to ensure an orderly transition with his current PwC relationships. "We are [Read more]

Surge Provides Sustainability Outlook, Q3 Operations Update and Announces Executive Appointment

CALGARY, Oct. 28, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") is providing a sustainability outlook based on lower crude oil prices, and an operations update for the third quarter of 2014. The Company has experienced better than expected drilling, optimization and waterflood results across Surge's high quality, long life, light oil asset base, including continued successful step-out drilling results in the Upper Shaunavon formation in SW Saskatchewan, the Midale play in SE [Read more]

Perpetual Energy Inc. announces sale of non-core heavy oil properties and provides East Edson joint venture and West Edson operational updates

CALGARY, Oct. 27, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the signing of a definitive purchase and sale agreement to divest of several non-core heavy oil properties in eastern Alberta for gross proceeds of $21.6 million, excluding certain closing adjustments and transaction costs. A deposit of $3.24 million has been paid to Perpetual, with the remaining disposition proceeds due at closing which is expected to occur [Read more]

Pembina Pipeline Corporation Announces Closing of Vantage Pipeline Acquisition and Interest in Associated Assets

CALGARY, Oct. 24, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that the Company has completed its previously announced acquisition (the "Transaction") of the Vantage pipeline system ("Vantage") and Mistral Midstream Inc.'s ("Mistral") interest in the Saskatchewan Ethane Extraction Plant ("SEEP") from certain entities affiliated with Riverstone Holdings LLC (the "Seller"). "I am very pleased to add these strategic assets to [Read more]

National Energy Board Rules on Trans Mountain Motion

CALGARY, Oct. 23, 2014 /CNW/ - The National Energy Board (the Board) issued an order today granting Trans Mountain access to Burnaby Mountain to complete technical studies related to the company's proposed pipeline. The order prevents the City of Burnaby from blocking Trans Mountain from carrying out the required surveys and technical studies. The Board also ruled that it has the legal authority to consider constitutional questions relating to its own jurisdiction. In the ruling, the Board [Read more]

Penn West Announces $355 Million Non-Core Asset Disposition

CALGARY, Oct. 23, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", the "Company", "we", or "our") is pleased to announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 barrels of oil equivalent ("boe") per day (weighted approximately 80 percent toward natural gas and natural gas liquids).  The [Read more]

Cenovus oil sands production increases 23%

Company generates nearly $1 billion in cash flow Production at Christina Lake averaged more than 68,000 barrels per day (bbls/d) net in the third quarter, an increase of 30% when compared with the same period a year earlier. Foster Creek production averaged almost 57,000 bbls/d net in the quarter, 15% higher than the same quarter in 2013. Cenovus achieved first production from its Foster Creek phase F expansion in September. Cash flow was almost $1 billion in the third quarter, a 6% [Read more]

FortisBC starts construction of expanded Tilbury LNG Facility

$400-million expansion will significantly increase natural gas liquefaction and storage capacity to support growing demand for B.C. LNG SURREY, B.C., Oct. 21, 2014 /CNW/ - FortisBC – a subsidiary of Fortis Inc. (TSX:FTS) – officially started construction of its $400-million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity. FortisBC marked the occasion [Read more]