BOE Report

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]

Donnycreek to merge with Contact Exploration Inc.

CALGARY, Oct. 21, 2014 /CNW/ - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX-V: DCK) reports that it has entered into an arm's length definitive arrangement agreement (the "Arrangement Agreement") with Contact Exploration Inc. ("Contact") whereby Contact and Donnycreek will merge (the "Merger") to form a new, amalgamated corporation to be named "Kicking Horse Energy Inc." ("Kicking Horse"). The Merger will consolidate the companies' interests in the Deep Basin including their [Read more]

Mountainview Energy Ltd. announces commitment for new credit facility

CUT BANK, MT, Oct. 20, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") is pleased to announce that its wholly-owned subsidiary, Mountain Divide, LLC ("Borrower") has entered into a commitment letter (the "Commitment") with Wells Fargo Energy Capital, Inc. (the "Lender") with respect to a new term facility (the "New Facility") and a US$16 million unsecured subordinated convertible promissory note (the "Note") to replace: (a) the current senior secured advancing credit [Read more]

Veresen Announces Appointment of President and CEO of Jordan Cove LNG

CALGARY, Oct. 17, 2014 /CNW/ - Veresen Inc. ("Veresen" or "the Company") (TSX: VSN) is pleased to announce that Elizabeth (Betsy) Spomer has been appointed President and Chief Executive Officer of Jordan Cove LNG LLC and Executive Vice President of Veresen. Ms. Spomer brings over 30 years of experience in the energy industry, having the majority of her career in the liquefied natural gas ("LNG") industry. Betsy has extensive experience in commercial activities and developing new growth [Read more]

Legacy Oil + Gas Inc. Announces Appointment of Aidan M. Walsh as Director

CALGARY, Oct. 16, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce that Aidan M. Walsh has joined the Board of Directors of Legacy.  Mr. Walsh is President and Chief Executive Officer of Baccalieu Energy Inc., a Canadian junior oil and gas company. Mr. Walsh has 37 years of oil and gas experience in production, marketing, transportation, acquisitions, finance, facility engineering and construction.  He was President and Chief Executive Officer of [Read more]

Connacher Provides Q3 2014 Operational Update and Q3 2014 Conference Call Details

CALGARY, Oct. 15, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") provides an operational update for the third quarter 2014 ("Q3 2014") and Q3 2014 conference call details. Operational Update Based on field estimates, Connacher's Great Divide production for Q3 2014 averaged 14,100 bbl/d. Production has increased in each quarter of 2014 and Q3 2014 was 20 per cent higher than the prior year's third quarter (Q3 2013 - 11,788 bbl/d). Five of nine new [Read more]

Marquee Energy Ltd. announces operations update and upward revision to 2014 exit guidance

CALGARY, Oct. 15, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce an operations update and an upward revision to its corporate guidance for 2014. The Company has experienced strong drilling results and operational performance, while it has also been successful in improving its balance sheet strength by monetizing certain non-core, gas weighted properties at accretive metrics. As a result of its strengthened financial position and to better [Read more]

Bellatrix announces continued Cardium and Mannville consolidation efforts, operational update, updated 2014 guidance, upcoming conference participation, and anticipated third quarter 2014 results release date

CALGARY, Oct. 15, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) Cardium and Mannville Consolidation Efforts Bellatrix recently completed a tuck-in acquisition of working-interests in the Company's core Ferrier area in West Central Alberta, extending the Company's Cardium light oil resource play.  The acquired assets included current low decline rate net production of approximately 300 boe/d (24% oil and liquids and 76% natural gas).  The acquisition [Read more]

Pembina Pipeline Corporation Announces Management Changes

CALGARY, Oct. 15, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) today announced several management changes. As previously disclosed in September 2013, Peter Robertson, Pembina's Chief Financial Officer ("CFO"), plans to retire at the end of 2014 after 30 years of service with the Company. Pembina is pleased to announce that Scott Burrows, Pembina's current Vice President ("VP") of Capital Markets, will succeed Peter as VP, Finance and CFO effective [Read more]