BOE Report

Pembina Pipeline Corporation to Proceed with $2 Billion Phase III Expansion of its Pipeline System

Long-term agreements underpin new major expansions (All financial figures are approximate and in Canadian dollars unless otherwise noted.) CALGARY, Dec. 16, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has reached binding commercial agreements to proceed with constructing approximately $2 billion in pipeline expansions (the "Phase III Expansion"). The Phase III Expansion is underpinned by long-term take-or-pay transportation [Read more]

ARC Resources Ltd. promotes Mr. Terry M. Anderson to Chief Operating Officer

CALGARY, Dec. 16, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to announce the appointment of Terry M. Anderson to the position of Senior Vice President and Chief Operating Officer. Mr. Anderson is a long-time ARC employee having joined the company in 2000 as an operations engineer and was promoted to the position of Vice President, Operations in 2005. Mr. Anderson assumed the role of Vice President, Engineering in 2010 and was appointed to his current position of Senior Vice [Read more]

Ivanhoe Energy Receives Process Clarity on Shallow SAGD Projects from the Alberta Energy Regulator

CALGARY, Dec. 16, 2013 /CNW/ - Ivanhoe Energy (TSX: IE; NASDAQ: IVAN) announced today that it has learned that the Alberta Energy Regulator (AER) intends to develop a new long-term policy for reviewing shallow steam assisted gravity drainage (SAGD) applications in Alberta. Following discussions with each affected industry applicant, and by the end of January 2014, the AER plans to publish interim guidelines. Then, following extensive industry and stakeholder engagement, the AER will develop a [Read more]

Twin Butte Energy Ltd. announces closing of $85 million bought deal convertible debenture offering

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 13, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it has closed its previously announced offering (the "Offering") of $85 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures of Twin Butte, due December 31, 2018 (the "Debentures") at a price of $1,000 per Debenture. The Offering was completed through a syndicate of [Read more]

Longview Announces 2014 Guidance

44% Increase in Capital Program Expected to Boost Oil Production by 12% Financed in Part by Dividend Reduction (TSX: LNV) CALGARY, Dec. 12, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") is pleased to announce that the Board of Directors has approved the Company's capital expenditure budget and guidance for the year ending December 31, 2014 which includes a 44% increase in the capital expenditure program to $56 million. We anticipate this program will lead to a 20% increase in [Read more]

Paul Band First Nation prefers pipelines rather than oil-by-rail

DUFFIELD, AB, Dec. 12, 2013 /CNW/ - Chief and Council of the 1,926-member Paul Band First Nation, 50 kilometers west of Edmonton, today stated that they generally support the responsible and respectful expansion of Canada's pipeline infrastructure as the preferred transportation mode for moving increased volumes of Alberta oil and gas production to new offshore markets. This includes support for the Trans Mountain Pipeline Expansion Project, where a facts-based and highly-respectful First [Read more]

Cenovus oil production anticipated to grow 10% in 2014

Capital investment reduced; focus remains on oil sands CALGARY, Dec. 12, 2013 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) expects to invest between $2.8 billion and $3.1 billion in 2014, a 13% decrease when compared with the previous year. The company is focusing its capital on oil projects that are anticipated to provide production growth over the next four years. "Since our launch in late 2009, Cenovus has concentrated on gaining regulatory approvals for our robust inventory of oil [Read more]

Bellatrix confirms 2014 guidance, announces an increase in its credit facilities and layers in additional commodity fixed price contracts for 2014

TSX, NYSE MKT: BXE CALGARY, Dec. 12, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to confirm its 2014 guidance and announce that it has completed its mid-year review of its 2013 credit facilities and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by significant production growth, announcing three separate joint ventures designed to accelerate our program on a [Read more]

Bellatrix Exploration Ltd. and Angle Energy Inc. announce completion of arrangement

CALGARY, Dec. 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) and Angle Energy Inc. ("Angle") (TSX: NGL) are pleased to announce that they have closed the previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Bellatrix acquired all of the issued and outstanding common shares of Angle (the "Angle Shares") for consideration consisting of $69.7 million in cash and approximately 30.2 million Bellatrix common [Read more]

Bellatrix Exploration Ltd. and Angle Energy Inc. announce securityholder and court approvals for arrangement

CALGARY, Dec. 10, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) and Angle Energy Inc. ("Angle") (TSX: NGL) are pleased to announce that they have today received securityholder approval for the previously announced plan of arrangement (the "Arrangement") pursuant to which Bellatrix will acquire all the issued and outstanding common shares of Angle (the "Angle Shares") and 5.75% convertible unsecured subordinated debentures of Angle with a maturity [Read more]