BOE Report

Aurora enters into agreement for proposed acquisition by Baytex for A$4.10 cash per share

TSX and NYSE listed Baytex proposes to acquire 100% of Aurora via a Scheme of Arrangement ('Scheme') Scheme price of A$4.10 cash per Aurora share ('Scheme Consideration'), implying a market capitalisation of A$1,840 million The Scheme Consideration represents a 52% premium to Aurora's one-week VWAP to 6 February 2014, being the last trading day before execution of the Scheme Implementation Deed, and a 46% premium to Aurora's one-month VWAP Aurora Directors unanimously recommend Aurora [Read more]

MEG Energy records fifth consecutive year of production growth

Solid fourth quarter operating results set the stage for a strong 2014 CALGARY, Feb. 6, 2014 /CNW/ - MEG Energy Corp. today reported fourth quarter and full-year 2013 operational and financial results. Highlights include: Strong performance from the recently commissioned Phase 2B project and continued success of RISER driving record exit production of 48,557  barrels per day (bpd), 13% above the top end of guidance and setting a strong foundation for MEG's near-term target of 80,000 bpd by [Read more]

ARC Resources Ltd. reports fourth quarter and year end 2013 results

CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2013 operating and financial results.  Fourth quarter production averaged 100,883 boe per day and funds from operations were $237.8 million ($0.76 per share).  ARC's Audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for years ended December 31, 2013 and 2012, are available on ARC's website at www.arcresources.com and on [Read more]

ARC Resources Ltd. announces sixth consecutive year of 200 per cent or greater produced reserves replacement in 2013

CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") released today its 2013 year-end reserves and resources information. "I am really pleased with our team's performance again this year.  We added significant reserves at a low finding cost through the drill bit and continued to convert our large reserve and resource base into production and cash flow," stated Myron Stadnyk, President and CEO. HIGHLIGHTS Replaced approximately 200 per cent of 2013 total production, adding [Read more]

Perpetual Energy Inc. Releases 2013 Year-End Reserves and Provides Operational Update, Commodity Price Risk Management Update and 2014 Capital Program Guidance

CALGARY, Feb. 4, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2013 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). Overall, the results of Perpetual's capital investment program in 2013 were extremely positive, with reserve additions replacing production by close to 2.5 times.  The majority of the 2013 reserve additions [Read more]

Enerplus Exceeds Production Guidance for 2013 and Delivers Record Reserve Replacement

This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the financial, reserves and operational [Read more]

NEB Recommends Approving Enbridge’s Edmonton to Hardisty Pipeline Project

CALGARY, Jan. 30, 2014 /CNW/ - The National Energy Board (NEB or Board) today released its report recommending that the federal government approve the Enbridge Pipelines Inc.'s (Enbridge) Edmonton to Hardisty Pipeline Project (Project). The Project includes the construction and operation of a new crude oil pipeline, approximately 182 km in length, from its existing Edmonton Terminal, near Edmonton, AB to its existing Hardisty Terminal, near Hardisty, AB. A public hearing was held as part of [Read more]

Connacher Announces 2014 Initial Capital Plan

CALGARY, Jan. 29, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX:CLL) ("Connacher" or the "Company") announces its initial capital plan for 2014. With the completion of its 2013 capital plan and the successful results from new in-fill and SAGD wells the Company has committed to a near term capital plan aimed at increasing production and advancing the commercial SAGD+® process and mini-steam expansion projects. The initial 2014 capital plan is estimated to be up to $50 million. It is [Read more]

SilverWillow Energy Corporation announces Alberta Energy Regulator’s deferral with respect to Audet Project regulatory application decision

CALGARY, Jan. 28, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") (TSXV:SWE) has been advised by the Alberta Energy Regulator ("AER") that the AER is undertaking a technical review of the factors that affect reservoir containment of Steam Assisted Gravity Drainage ("SAGD") projects with a view to developing formal regulatory requirements in 2014.  Until such requirements are issued, the AER will defer decisions on applications for thermal oil sands projects in [Read more]