BOE Report

Novus Energy Inc. is saddened to announce the passing of John M. (Jack) Lane

CALGARY, Sept. 20, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is saddened to announce that it's Vice President of Operations, Mr. John M. (Jack) Lane has passed away after a brief illness. Mr. Lane will be deeply missed by his friends and colleagues at the Company.  The Board of Directors, management and staff of Novus wish to express their gratitude for the valuable contributions Mr. Lane made in helping to build Novus, and wish to provide their sincere condolences [Read more]

Funding available to participate in the NEB’s regulatory process regarding the Nova Gas Transmission Ltd. North Montney project

CALGARY, Sept. 18, 2013 /CNW/ - The National Energy Board (NEB, or the Board) is making available $250,000under its Participant Funding Program to assist directly affected persons to participate in the regulatory process of the Nova Gas Transmission Ltd. (NGTL) North Montney project. A higher amount may be considered once applications for funding are received. The proposed project includes the construction and operation of 305 km of pipeline in northeast British Columbia, along with associated [Read more]

Athabasca Enters into Option Agreement to Sell a Portion of its Light Oil Infrastructure

CALGARY, Sept. 18, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has entered into an option agreement with a third party giving the right to Athabasca, at its discretion, to sell up to a 50% interest in its Kaybob area light oil infrastructure for cash consideration of up to $145 million. Under the terms of the agreement, AOC has the right on or before December 31, 2013 to sell to the counterparty a 25% to 50% working interest in AOC's light oil pipeline and other [Read more]

Apache To Sell Selected Canadian Oil And Gas Assets For $112 Million In Two Transactions

HOUSTON, Sept. 17, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell certain oil and gas producing properties in Canada in two separate transactions with a combined value of US$112 million(CAN$117 million). Apache has agreed to sell its Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a portion of its Hawkeye producing properties. These are primarily dry gas developments located in Saskatchewan and Alberta and comprise approximately 4,000 [Read more]

Pembina Announces $115 Million Simonette Pipeline Expansion Project

CALGARY, Sept. 16, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it plans to proceed with a $115 million expansion of its Peace Pipeline System between Simonette and Fox Creek, Alberta (the "Simonette Pipeline Expansion"). In response to requests from area producers for firm service, the Simonette Pipeline Expansion is expected to initially deliver approximately 40,000 barrels per day of additional liquids to Pembina's Fox Creek [Read more]

TriOil Resources Ltd. to be acquired by ORLEN Upstream s.p. z.o.o.

CALGARY, Sept. 16, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with ORLEN Upstream s.p. z o.o. ("ORLEN Upstream") pursuant to which ORLEN Upstream, through a wholly owned subsidiary ORLEN Upstream International B.V. registered in the Netherlands ("ORLEN Upstream International"), has agreed to purchase all of the issued and outstanding class A common shares of the Company (the [Read more]

Pinecrest Energy Inc. announces revisions to its 2013 capital budget

CALGARY, Sept. 10, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that its Board of Directors has approved revisions to the Company's 2013 capital budget. STRATEGIC RATIONALE In its first three years, Pinecrest has successfully built an attractive high netback reserve, production and cash flow base and a large operated drilling inventory focused on the Slave Point light oil resource in the Greater Red Earth area of Alberta. The focus for 2013 has been on improving [Read more]

Bellatrix Announces an Increase of $100 Million in Capital Committed to a $244 Million Joint Venture in the Notikewin/Falher in the Willesden Green Area and in the Cardium in the Brazeau Area

CALGARY, Sept. 10, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX:BXE, NYSE:BXE) is pleased to announce that Grafton Energy Co I Ltd. ("Grafton"), has elected to exercise  an option to increase its committed capital investment by an additional $100 million on the same terms and conditions as the previously announced joint venture (the "Joint Venture") to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in [Read more]

TORC Oil & Gas Ltd. Announces Closing of Acquisition and Strategic Transition to a Sustainable Dividend Plus Growth Company

CALGARY, Sept. 9, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing of the acquisition of low decline, high netback, light oil producing assets in southeastSaskatchewan and the strategic transition of the Company's business model to an intermediate light oil producer paying sustainable dividends while also delivering disciplined per share production growth.  The acquired assets are complementary to TORC's current light oil platform in the [Read more]

Alberta Government Order in Council Approval of Thickwood Project

CALGARY, Alberta, Sept. 8, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it received Alberta Order in Council approval for the Thickwood project onSeptember 6, 2013.The next regulatory step is final AER (Alberta Energy Regulator) approval. The Thickwood Project is Sunshine's second Steam Assisted Gravity Drainage (SAGD) commercial development. The Thickwood site is located approximately 70 kilometers west of Ft. [Read more]