BOE Report

Whitecap Resources Inc. closes $125 million bought deal financing

CALGARY, Sept. 11, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters led by National Bank Financial Inc. and including GMP Securities L.P., TD Securities Inc., CIBC World Markets, RBC Capital Markets, Scotia Capital Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., Peters & Co. Limited, [Read more]

Bellatrix provides an operational update

CALGARY, Sept. 11, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) has been put on notice that two third party operated gas plants in the Ferrier / Willesden Green area are going offline during the third week of September 2014. Assuming the plants are offline for the expected timeframe, these temporary plant outages are expected to result in an aggregate net production restriction of 30,000 boe which is estimated to have an average impact on [Read more]

Pembina Pipeline Corporation Increases Capacity of Phase III Pipeline Expansion and Secures Additional Volumes

New volumes under contract support increasing capacity of Pembina's previously announced Phase III Expansion; new 16" diameter pipeline to be built CALGARY, Sept. 10, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that due to strong customer demand, it plans to expand its previously announced Phase III pipeline expansions (the "Phase III Expansion") by constructing a new 16" diameter pipeline from Fox Creek, Alberta into Namao, Alberta [Read more]

Penn West Provides Update on Internal Review of Accounting Practices

CALGARY, Sept. 9, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") today provides an update on the Audit Committee's review originally announced on July 29, 2014. Penn West reports that the Audit Committee's review is ongoing and that it continues to work diligently and devote all necessary resources to file its 2014 second quarter financial statements and related disclosures and its restated historical financial statements and [Read more]

Teine Energy Ltd. announces pricing of private offering of senior unsecured notes

CALGARY, Sept. 9, 2014 /CNW/ - Teine Energy Ltd. ("Teine") priced its previously announced private offering of US$350 million in aggregate principal amount of senior unsecured notes due in 2022 (the "Notes Offering"). The senior unsecured notes will bear interest at 6.875% per annum. Teine intends to use the net proceeds of the Notes Offering to repay all outstanding indebtedness under, and retire, its second lien term loan facility (including a 1% prepayment premium), to repay outstanding [Read more]

Seven Generations Announces Two-For-One Share Split

CALGARY, Sept. 8, 2014 /CNW/ - At a meeting held today, the shareholders of Seven Generations Energy Ltd. ("7G" or the "Company") approved a two-for-one share split of the Class A Common Shares of the Company.  Kent Jespersen, Chairman of 7G's Board of Directors, told those in attendance at the meeting that the share split makes 7G's shares more affordable for employees and other small shareholders.  The share split is effective today.  As a result of the share split, (a) holders of Class A [Read more]

Athabasca Oil Corporation Announces Board of Directors and Executive Changes, a Strategic Update and an Increased 2014 Capital Budget

CALGARY, Sept. 8, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces Board of Directors ("Board") and Executive changes, a strategic update and an increase to its 2014 capital budget. Concurrent with this release an updated corporate presentation has been posted on the Company's website. Board and Executive Changes The Company announces that Mr. Sveinung Svarte will be retiring as President and Chief Executive Officer ("CEO") effective September 30th. [Read more]

Journey Energy Inc. Announces New Pool Discovery at Windfall

CALGARY, Sept. 4, 2014 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to provide an update on the extended test results for a new pool discovery at Windfall. As planned, Journey is currently executing the most active capital program in our history with multiple well programs in Matziwin, Herronton, Pembina and Countess along with single well drills in Manola and Windfall.  This program has resulted in a 100% success rate and is forecasted to result in record [Read more]

NEB releases revised list of issues for SSRW technical proceedings

CALGARY, Sept. 4, 2014 /CNW/ - The National Energy Board (NEB or the Board) has released the revised List of Issues that will be important to examine in detail during the review of the Imperial Oil Resources Ventures Limited (IORVL) and Chevron Canada Limited (Chevron) proposals related to the Same Season Relief Well (SSRW) Policy. On July 11, 2014, the NEB announced it would review separate proposals from IORVL and Chevron to determine if the proposals will meet the intended outcome of the [Read more]

Pembina Pipeline Corporation Advances Phase III Pipeline Expansion

Regulatory application marks project milestone CALGARY, Sept. 4, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has filed the necessary regulatory applications to the Alberta Energy Regulator ("AER") for its Fox Creek, Alberta to Namao Junction, Alberta segment of its previously announced $2 billion Phase III pipeline expansion (the "Phase III Expansion"). The Fox Creek to Namao Junction project (the "Project") consists of a new, [Read more]