BOE Report

MEG Energy announces proposed private offering of additional 7.0% Senior Notes due 2024

CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today the commencement of, subject to market and other conditions, a private offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee, pursuant to which MEG previously issued a total of US [Read more]

Spooky Scenario: The Changing Face of the US Oil Industry

TORONTO, Oct. 31, 2013 /CNW/ - PF Group Inc. is pleased to announce the results of its latest study.  Data released by the US Energy Information Administration (EIA) over the past several years have pointed to a compelling shift in the strategic context of US oil markets that may emerge in coming decades. The interwoven threads of pipelines, railways, carbon emissions, and political maneuvering are joined together in the loom of US refiners. Incremental increases in US refining capacity over [Read more]

Shell moves ahead with 80,000 barrel per day Carmon Creek project

CALGARY, Oct. 31, 2013 /CNW/ - Royal Dutch Shell plc (Shell) today announced its decision to proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day.  Carmon Creek is a thermal in situ project that is 100 per cent Shell owned and will be part of the company's broader production, refining and marketing business across the full value chain in North America. "I'm pleased we're moving ahead with this important project," said Lorraine [Read more]

Twin Butte Energy Closes $70 Million Bought Deal Financing

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION OVER UNITED STATES WIRE SERVICES/ CALGARY, Oct. 31, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Twin Butte, through a syndicate of underwriters led by Peters & Co. Limited ("Peters & Co.") and including National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., [Read more]

Keyera Evaluating Option to Acquire 30% Ownership Position in Norlite Pipeline

CALGARY, Oct. 30, 2013 /CNW/ - Enbridge Inc. ("Enbridge") today announced it is proceeding with development of the Norlite Pipeline system. As part of a Memorandum of Understanding between affiliates of Enbridge and Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) ("Keyera"), Keyera has the right to participate in the Norlite diluent pipeline as a 30% non-operating owner. A decision whether to participate will be made within 30 days. As part of the service offering, the Norlite system may access certain [Read more]

NEB Releases Decision for an Operations Authorization for ConocoPhillips

CALGARY, Oct. 30, 2013 /CNW/ - The National Energy Board (NEB or Board) today released its letter, and terms and conditions to approve ConocoPhillips' application for an Operations Authorization (OA) to drill two wells on Exploration Licence area EL470 near Norman Wells, Northwest Territories. This is the first horizontal fracturing (fracking) authorization in the North issued by the Board. ConocoPhillips first sought approval from the Sahtu Land and Water Board (SLWB) prior to applying to the [Read more]

PSAC Releases Hydraulic Fracturing Code of Conduct Along with 2014 Drilling Forecast

CALGARY, Oct. 30, 2013 /CNW/ - After completing an intense program of community engagement over the past six months, the Petroleum Services Association of Canada (PSAC) today released a hydraulic fracturing code of conduct for the Canadian oil and gas service sector. The hydraulic fracturing code of conduct outlines standard practices for sound technical and environmental performance when fracturing a well and defines mutual expectations for working with stakeholders. "Working closely with [Read more]

Athabasca Oil Corporation Reports Third Quarter 2013 Results

CALGARY, Oct. 30, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its third quarter 2013 results. Athabasca has filed its financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2013. These documents are available on the Company's website www.atha.com and later this morning from SEDAR www.sedar.com. Operations Update Safety in the workplace is a prime focus for Athabasca. The [Read more]

Advantage Announces Increase in Credit Facilities Borrowing Base to $300 Million

CALGARY, Oct. 24, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announced today that its lenders have completed their regular semi-annual review of the credit facility borrowing base. Advantage's borrowing base will increase from $230 million to $300 million and continue to provide significant financial flexibility in support of future capital program requirements and general corporate purposes. The increase resulted from recognition of Advantage's strong third [Read more]