BOE Report

Imperial Oil Files Regulatory Applications for Aspen Oil Sands Project

In-situ project will use steam-assisted gravity drainage technology Project design integrates energy-saving power cogeneration Project will support production growth plans CALGARY, Dec. 17, 2013 /CNW/ - Imperial Oil Limited today announced the filing of regulatory applications with the Alberta Energy Regulator and Alberta Environment and Sustainable Resource Development seeking approval of a new oil sands project on its Muskeg lease about 45 kilometres northeast of Fort McMurray. The proposed [Read more]

Athabasca Oil Corporation Announces Initial 2014 Capital Budget

CALGARY, Dec. 17, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces its initial 2014 capital budget. Athabasca's board of directors approved a capital budget of $460 million, comprised of $348 million for Thermal Oil, $106 million for Light Oil and the remainder for Corporate activities, excluding capitalized general and administrative costs and interest. Athabasca is committed to capital discipline. The Company has undertaken a comprehensive review of [Read more]

Softrock farms out Spirit River, Alberta, oil lease

CALGARY, Dec. 17, 2013 /CNW/ - Softrock Minerals Ltd." or the "Company") (TSXV: SFT) is pleased to report that the Company and its 50% joint venture partner, Greencastle Resources Ltd., have jointly farmed out their 100% working interest in their 640 acre petroleum and natural gas (P&NG) lease in the Spirit River area of Northwest Alberta to an operator which is active in the area. The terms of the agreement include an upfront payment to Softrock and Greencastle of $400,000 along with a [Read more]

NEB Approves Four LNG Export Licence Applications

CALGARY, Dec. 16, 2013 /CNW/ - The National Energy Board (NEB or Board) has approved applications for 25 year natural gas export licences to export liquefied natural gas (LNG) to: Prince Rupert LNG Exports Ltd. for a maximum term amount of 824.58 109 m3, Pacific NorthWest LNG Ltd. for a maximum term amount of 798.96 109 m3, WCC LNG Ltd. for a maximum term amount of 1,103 109 m3, and Woodfibre LNG Export Pte. Ltd. for a maximum term amount of 85.52 109 m3. Issuance of the licences to export LNG [Read more]

LGX Oil + Gas Inc. Announces Significant Big Valley Well Test Results

CALGARY, Dec. 16, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide completion results from recent southern Alberta drilling activity. LGX's Big Valley (Three Forks) Formation horizontal well at 13-2-9-24 W4M was recently completed with a 20 stage hydraulic fracture stimulation and has achieved the following extended production test results. The 13-2 well has been flowing back for 136 hours up a 4.5 inch diameter frac string and has produced 9,360 Bbl of [Read more]

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]