BOE Report

“Big oil” exiting gas station business, study shows

Annual study also reveals a continued drop in outlets operated by integrated refiner-marketers and a continued decrease in the number of retail fuel sites in Canada. LONDON, ON, June 10, 2013 /CNW/ - According to a recent survey of Canada's retail gasoline facilities by petroleum consultancy MJ Ervin & Associates, Canada's gas stations are increasingly becoming divorced from the crude oil producing and refining sectors that have traditionally maintained a "well-head to gas tank" vertical [Read more]

Palliser Oil & Gas Corporation Provides Operations Update

/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, June 10, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to provide an operations update. Production has continued to progress favorably through the second quarter, with May average production of approximately 2,950 boe/d based on field estimates. Second quarter to date production is estimated at approximately 2,800 boe/d, [Read more]

Cenovus recognized as a leader in corporate responsibility

CALGARY, June 6, 2013 /CNW/ - Cenovus Energy Inc. (TSX, NYSE: CVE) has been recognized once again as one of the country's most responsible companies. Today, Maclean's magazine and Sustainalytics ranked Cenovus among the Top 50 Socially Responsible Corporations in Canada for the second year in a row. In a separate ranking, Corporate Knightsmagazine recognized Cenovus as one of the Best 50 Corporate Citizens in Canada for the third consecutive year. "At Cenovus, we believe that how we do our work [Read more]

Perpetual Energy Inc. Announces Normal Course Issuer Bid for its 7.25% and 7.00% Convertible Debentures

CALGARY, June 6, 2013 /CNW/ - (TSX: PMT) - Perpetual Energy Inc. ("Perpetual") announced today that the TorontoStock Exchange ("TSX") has accepted Perpetual's Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as Perpetual considers advisable, up to a maximum of $7,536,000 principal amount of 7.25% convertible extendible unsecured subordinated debentures (the "7.25% Debentures") and $3,873,000principal amount of 7.00% convertible [Read more]

Pinecrest Energy Inc. announces intention to commence Normal Course Issuer Bid and provides operational update

CALGARY, June 5, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that subject to the TSX Venture Exchange ("TSXV") approval, Pinecrest intends to commence a Normal Course Issuer Bid (the "Bid") to purchase, from time to time, as it considers advisable, up to 19,559,679 common shares (which is equal to 10% of the "public float") on the open market through the facilities of the TSXV.  Cormark Securities Inc. has been engaged to conduct the Bid on behalf of Pinecrest. [Read more]

Penn West announces appointment of new President and Chief Executive Officer, operational improvement and capital efficiencies drive, initiation of corporate strategic review and a change to its dividend policy

Appointment of new President and Chief Executive Officer CALGARY, June 4, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or "the Company") announced today that Murray Nunns, President and Chief Executive Officer, has informed the Board of Directors of his intention to retire from Penn West effective July 1, 2013 after serving the Company for more than 8 years. "Mr. Nunns has made a significant contribution to Penn West since he joined Penn West's Board in 2005," [Read more]

PanTerra Announces Asset Sale

CALGARY, June 4, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has agreed to the sale of a 60% Working Interest in its Carrot Creek Cardium assets of Central Alberta. The total purchase price is$3,396,488. A letter of intent ("LOI") has been signed and a definitive purchase and sale agreement is being prepared for execution. The disposition will occur in two separate tranches, the details of which follow: (1) The sale of 60% of the Proven Producing Reserve [Read more]

Pre-existing Defect a Central Factor in 2012 Pipeline Explosion in British Columbia

GATINEAU, QC, June 4, 2013 /CNW/ - The Transportation Safety Board of Canada (TSB) has concluded in its investigation report (P12H0105) that a pre-existing flaw in the pipe was the primary cause of a Westcoast Energy Inc. pipeline explosion that occurred on 28 June 2012, approximately 40 km northwest of Buick, British Columbia. On 28 June 2012, the 16-inch Nig Creek pipeline ruptured; gas escaping from the ruptured pipeline ignited, and the resulting fire spread to the surrounding forested [Read more]

National Energy Board hosts 2013 Safety Forum focussing on Emerging Issues in Oil and Gas Industry Safety Management

CALGARY, June 4, 2013 /CNW/ - The National Energy Board (NEB or the Board) is taking concrete action to continually improve safety and environmental protection in the energy sector. As a key component of the NEB's Action Plan on Safety and Environmental Protection 2011-2012, the Board will be hosting a forum on the safety of energy infrastructure on June 5 - 6, 2013 in Calgary, Alberta, at the BMO Centre at Stampede Park. This event presents an opportunity to explore emerging practices and [Read more]

First Mountain Exploration Ltd. announces property acquisition and files Q1 2013 financial results

CALGARY, June 4, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of certain assets in the Buffalo Atlee area of Alberta (the "Assets") from a private Company for cash consideration of $175,000, before closing adjustments.  The effective date of the acquisition was May 1, 2013. The Assets consist of a 50% operating working interest in 2 producing wells and 1,120 gross acres of land.  The Assets are [Read more]