BOE Report

NEB Releases Final Audit Report into TransCanada Pipelines Integrity Management Program

CALGARY, Feb. 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released its final report detailing its audit of TransCanada PipeLines Limited's (TransCanada) Integrity Management Program. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada will be required to submit a corrective action plan for Board approval within 30 days of this [Read more]

Longview Announces Passing of President and Chief Executive Officer

CALGARY, Feb. 24, 2014 /CNW/ - Longview Oil Corp. ("Longview") announces with much regret and profound sadness the sudden death while cross-country skiing in Canmore, Alberta this weekend of Kelly Drader, the President and Chief Executive Officer and a director of Longview. He will be missed. Mr. Steven Sharpe, Chairman of Longview, has been appointed as interim Chief Executive Officer of Longview until such time as a suitable successor is appointed. [Read more]

Marquee Energy Ltd. announces acquisition to further consolidate its oil focused Michichi core area, operations update, and upward revision to 2014 guidance

CALGARY, Feb. 24, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement with Paramount Resources Ltd. ("Paramount") to acquire from Paramount (the "Acquisition") certain low decline, operated, producing assets (the "Assets") contiguous with the Company's operations at Michichi. The Assets are estimated by Marquee's management to have annualized 800 boe/d of production and include 120 net sections of land with 50 net [Read more]

Brion Energy Corporation and the community of Fort McKay reach agreement on Dover Commercial Project

CALGARY, Feb. 21, 2014 /CNW/ - Brion Energy Corporation (Brion) and the community of Fort McKay have reached an agreement on the development of the Dover Commercial Project, northwest of Fort McMurray, Alberta. As part of the agreement, the Fort McKay First Nation has agreed to remove all of its objections as they pertain to the Alberta Energy Regulator's (AER) approval of the Dover Commercial Project. "I'm pleased Brion and the community of Fort McKay have continuously worked to reach a [Read more]

Enerplus Exceeds Operating & Financial Targets for 2013

CALGARY, Feb. 21, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results. 2013 KEY TAKEAWAYS: Funds flow per share grew by 14% Production grew by 9%, exceeding guidance in spite of non-core asset sales Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production Capital spending, operating costs and general and administrative costs [Read more]

Cequence Energy announces 24% growth in reserves and Ansell update

CALGARY, Feb. 21, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce its 2013 year end reserves and an update of its preliminary drilling results at its Ansell property. Reserve Highlights Cequence's 2013 year end reserves reflect a continued successful delineation of its Simonette property in the Deep Basin of Alberta.  The growth in reserves further substantiates management's views that the Company's assets contain significant resource [Read more]

NEB Approves Jordan Cove LNG Natural Gas Export License

CALGARY, Feb. 20, 2014 /CNW/ - The National Energy Board (NEB or Board) approved an application for a 25 year natural gas export licence to Jordan Cove LNG L.P. (Jordan Cove LNG) to export natural gas. The license is for a maximum term amount of 442.68 109 m3. The approved export points are existing natural gas pipelines that cross the Canada/US border near Kingsgate and Huntingdon, BC. Issuance of the licence to export natural gas is subject to the approval of the Governor in Council [Read more]

Longview Provides Update on Unsolicited Non-Binding Proposal

CALGARY, Feb. 19, 2014 /CNW/ - As previously announced on February 10, 2014, Longview Oil Corp. ("Longview") received an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"). Upon receipt of the Proposal, the Board of Directors of Longview (the "Longview Board") appointed a Special Committee of independent directors (the "Special Committee") to consider the [Read more]

National Energy Board responds to gas pipeline rupture north of Rocky Mountain House, AB

CALGARY, Feb. 18, 2014 /CNW/ - The National Energy Board (NEB or Board) is responding to a pipeline rupture on the Nova Gas Transmission Ltd (NGTL) pipeline system approximately 10 kilometres north of Rocky Mountain House, AB owned and operated by TransCanada PipeLines Limited (TransCanada). The release was reported to the NEB early this morning. The size of the release has yet to be determined. There is no immediate safety concern for local residents and precautions are being taken to ensure [Read more]

Surge Energy Inc. Announces 59 Percent Increase to 2013 Year-End Reserves

CALGARY, Feb. 18, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the results of its 2013 year-end oil and gas reserves evaluation (NI-51-101 compliant), delivering a 59 percent increase over year-end 2012 reserves. This significant increase reflects exceptional organic growth through the drill-bit, advancement of waterflood initiatives, and the completion of four strategic, accretive, elite, light and medium crude oil acquisitions in 2013. The [Read more]