BOE Report

Penn West Announces its Financial Results for the First Quarter Ended March 31, 2014

CALGARY, May 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") is pleased to announce its results for the first quarter ended March 31, 2014. All figures are in Canadian dollars unless otherwise stated. Three months ended March 31 2014 2013 % change Financial (millions, except per share amounts) Gross revenues [Read more]

ARC Resources Ltd. reports record first quarter results

CALGARY, April 30, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2014 operating and financial results.  First quarter production averaged a record 105,699 boe per day and funds from operations were a record $292.3 million ($0.93 per share).  ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three months ended  March 31, 2014 and 2013, are available on [Read more]

PanTerra Announces Non-Brokered Private Placement

CALGARY, April 30, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.07 per Unit for total gross proceeds to the Corporation of up to $700,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one-half of one warrant to purchase a Common Share (a "Warrant").  Each whole [Read more]

Cenovus oil sands production climbs 20% in first quarter

Plans to move forward with Grand Rapids oil sands project Combined oil sands production at Foster Creek and Christina Lake averaged 120,444 barrels per day (bbls/d) net in the first quarter, up 20% from a year earlier. Production at Christina Lake averaged 65,738 bbls/d net in the first quarter, an increase of 48% when compared with the same period a year earlier as phase E approached full production capacity. Foster Creek performed at the upper end of Cenovus's expected production [Read more]

Hawk Announces Changes to Board of Directors

CALGARY, April 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce the appointment of James C. ("Pep") Lough to the Corporation's Board of Directors. Mr. Lough is a retired businessman who has 30 years of experience in senior financial management positions at both public and private oil and gas companies. Mr. Lough was most recently the Chief Financial Officer at Cutpick Energy Inc. and currently serves on the board of directors of two private, Calgary [Read more]

Palliser Oil & Gas Corporation Reports 2013 Financial and Operating Results

CALGARY, April 29, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) wishes to report financial and operating results for the three months and year ended December 31, 2013. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's [Read more]

Vermilion Energy Inc. Completes Acquisition of Southeast Saskatchewan Assets

CALGARY, April 29, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have completed our acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million.  Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion [Read more]

Progress Energy Canada and Pacific NorthWest LNG welcome fourth buyer to British Columbia LNG export project

Momentum for Canadian-led LNG export sector continues to build CALGARY, April 29, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby China Petrochemical Corporation (SINOPEC), through its affiliates, will acquire a 15 percent interest in Progress Energy's LNG-destined natural gas reserves in northeast British Columbia and in the proposed PNW LNG export facility on [Read more]

Cequence Energy achieves record production of 14,000 boepd

CALGARY, April 24, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to report that estimated daily production volumes have reached a record of 14,000 boepd during the second half of April following the startup of the Ansell facility and completion of its winter capital program. Simonette At Simonette, the final two wells of the Company's Montney winter drilling program were completed and are producing with much higher liquid yields than average wells of the [Read more]