BOE Report

Keyera to Acquire Deep Cut Gas Plant in West Central Alberta

CALGARY, March 17, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today it has entered into an agreement with Whitecap Resources Inc. ("Whitecap") to acquire ownership interests in certain gas processing assets in west central Alberta, and in the associated oil and gas reserves.  Whitecap is initially acquiring these assets as part of a larger transaction.  Total cost to acquire the assets from Whitecap is approximately $113 million.  The acquisition is subject to typical closing [Read more]

Athabasca Announces the Appointment of a New Chairman and a New Director to Its Board of Directors

CALGARY, March 14, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces the appointment of Thomas Buchanan as Chairman of the Board of Directors (the "Board"), replacing William Gallacher, effective March 14, 2014. William Gallacher has served as Chairman of the Board since founding the Company in 2006 and was instrumental in guiding and growing Athabasca to where it is today. Mr. Gallacher has chosen to resign from Athabasca's board to concentrate on his [Read more]

The Dover Commercial Project Receives Order in Council Approval

CALGARY, March 13, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to announce that Brion Energy Corporation ("Brion") has received approval by the Lieutenant Governor in Council for the Dover Commercial Project. The Dover Commercial Project received Order in Council approval from the Alberta cabinet on March 13, 2014. The project received conditional approval from the Alberta Energy Regulator on August 6, 2013. "The approval process has been long [Read more]

Bellatrix Exploration Ltd. Announces Year End 2013 Financial Results

CALGARY, March 13, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the year ended December 31, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the "MD&A") [Read more]

Progress Energy continues to build upon its leading Montney natural gas position with the completion of two acquisitions in northeast British Columbia

CALGARY, March 12, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has closed its previously announced agreement to acquire assets in northeast British Columbia from Talisman Energy Inc. (Talisman). In a second transaction, Progress Energy has also acquired Montney lands in the Julienne area of northeast British Columbia. "These two acquisitions continue to build upon our natural gas resource base in the North Montney. With the [Read more]

Advantage Announces Glacier 2013 Reserves Additions Replace 840% of Production, Achieves 135 mmcfe/d Phase VI Production Ahead of Schedule with Capital Spending Below Budget

CALGARY, March 11, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report strong year end 2013 reserve additions for its Montney resource property at Glacier, Alberta ("Glacier").  Proven plus probable ("2P") reserve additions were achieved at a finding and development cost of $1.33/mcfe ($7.99/boe) and a recycle ratio of 2.1.  Total 2P reserves are up 20% to 1.7 trillion cubic feet ("Tcfe").  We are also pleased to report Glacier production reached our [Read more]

Vermilion Energy Inc. Announces Board of Directors Appointment

CALGARY, March 10, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX: VET) (NYSE: VET) is pleased to announce that our Board of Directors has approved the appointment of Ms. Sarah Raiss to our Board of Directors and to Vermilion's Governance and Human Resources Committee. From 2000 to 2011, Ms. Raiss was Executive Vice President for TransCanada Corporation where she was responsible for a broad portfolio including organizational excellence, enhancing corporate culture, human [Read more]

Ironhorse Announces Nisku L2L Oil Production

CALGARY, March 7, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) is pleased to announce the results of its Pembina Nisku L2L pool development and initiation production startup. Ironhorse with partners Sinopec and Grizzly Resources Ltd. have initiated the first production in the Nisku L2L pool from the 100/09-05-050-06W5M/00 well which commenced March 5, 2014.  Initial gross production rates of 300 -1000 bopd are anticipated as production is ramped up over [Read more]

Progress Energy Canada and Pacific NorthWest LNG welcome third partner to British Columbia LNG export project

Growing Asian investment fuels momentum for Canadian-led LNG export sector CALGARY, March 7, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby Indian Oil Corporation Ltd., through its affiliates, will acquire a 10 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]

Penn West Announces its Financial Results for the Fourth Quarter and Year Ended December 31, 2013 and 2013 Reserve Results

CALGARY, March 7, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the fourth quarter and year ended December 31, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended December 31 Year ended December 31 2013 2012 % change 2013 2012 % change Financial (millions, except per share [Read more]