BOE Report

United Refining Company And Enbridge Enter Into Pipeline Maintenance Agreement

NEW YORK, Aug. 5, 2014 /CNW/ -- United Refining Company ("URC") announced today that it has entered into an agreement (the "Agreement") concerning Line 10, a pipeline owned by Enbridge Pipelines Inc. and Enbridge Energy Limited Partnership, which transports crude oil from Canada to URC's Kiantone Pipeline in West Seneca, New York and serves its refinery in Warren, Pennsylvania. John A. Catsimatidis, Chairman and CEO of URC, stated:  "We are very pleased that our companies have agreed to a [Read more]

Hawk Announces Western Saskatchewan Asset Acquisition and New Bank Loan Facility

CALGARY, Aug. 1, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has entered into a purchase and sale agreement with TriHawk Energy Ltd. ("TriHawk") and certain other parties pursuant to which the Corporation has agreed to acquire certain petroleum and natural gas assets ("Assets") in the plains region of Alberta and Saskatchewan in consideration of a grant to TriHawk of a gross over-riding royalty (the "GORR") over the acquired assets (the "Acquisition"). Hawk [Read more]

Panterra announces closing of previously announced acquisition of Strategic Oil & Gas assets and new credit facility

CALGARY, July 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Lynx/Palliser/Minnow and Findley/Copton/Ojay in Alberta and British Columbia, effective April 1, 2014, for total consideration of $120.0 million, subject to adjustments (the "Acquisition").  The Acquisition adds approximately 5,900 [Read more]

Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2014

CALGARY, July 31, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and six months ended June 30, 2014. HIGHLIGHTS Achieved average production of 52,089 boe/d during the second quarter of 2014, an increase of 12% as compared to 46,677 boe/d in the prior quarter and an increase of 22% compared to 42,813 boe/d in the second quarter of 2013.  Increased production [Read more]

Surge Energy Inc. announces record second quarter 2014 results; closing of Longview transaction; and continued drilling success at Shaunavon

CALGARY, July 31, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces record financial and operating results for the three and six month periods ended June 30, 2014. Surge's financial and operating results for the period ended June 30, 2014 include only 25 days of contribution from the $429 million strategic business combination with Longview Oil Corp. ("Longview"), which closed late in the second quarter of 2014. FINANCIAL AND OPERATING [Read more]

Maha Energy Inc. and Palliser Oil & Gas Corporation to amalgamate to form an oil and gas company focused on exploitation and development

CALGARY, July 30, 2014 /CNW/ - Maha Energy Inc. ("Maha") and Palliser Oil & Gas Corporation ("Palliser") (TSXV:PXL) are pleased to announce that they have entered into an amalgamation agreement (the "Amalgamation Agreement") pursuant to which Maha and Palliser will amalgamate (the "Amalgamation") to form a new corporation to be called "Maha Energy Inc." ("New Maha"). Palliser has also closed a minor asset disposition with Maha and entered into two farmout arrangements with [Read more]

ARC Resources Ltd. reports record second quarter results

CALGARY, July 30, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its second quarter 2014 operating and financial results.  Second quarter production averaged a record 110,165 boe per day and funds from operations were a record $295.8 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 and six months ended  June 30, 2014 and 2013, are [Read more]

Cenovus oil sands production increases 33%

Cash flow up 37% on higher volumes and prices Combined oil sands production at Foster Creek and Christina Lake averaged almost 125,000 barrels per day (bbls/d) net in the second quarter, up 33% from a year earlier. Production at Christina Lake averaged nearly 68,000 bbls/d net in the second quarter, an increase of 77% when compared with the same period a year earlier as phase E reached its design capacity. Foster Creek production averaged almost 57,000 bbls/d net in the quarter, an [Read more]

Penn West Reports Second Quarter 2014 Average Production of 108,130 boe per day

Maintains 2014 production guidance of 101,000 - 106,000 boe per day CALGARY, July 29, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", "we", "our", "us" or the "Company") today reported second quarter 2014 average production of 108,130 barrels of oil equivalent ("boe") per day (64 percent oil and liquids) and maintained 2014 production guidance of 101,000 - 106,000 boe per day. Penn West also reported other key operating results for the second quarter of 2014 and [Read more]