BOE Report

MEG Energy reports record quarterly production and cash flow

Operational and financial foundations in place to achieve targeted production increase of approximately 140% by early 2015 CALGARY, Oct. 24, 2013 /CNW/ - MEG Energy Corp. today reported third quarter 2013 operational and financial results. Highlights include: Record quarterly production of 34,246 barrels per day (bpd) and record year-to-date production of 32,980 bpd, 20% higher than comparative 2012 year-to-date volumes; Record quarterly cash flow from operations of $144.5 million, driven by [Read more]

CENOVUS: Crude oil operating cash flow 40% higher in third quarter

Expansion work continues at Cenovus Energy's Christina Lake oil sands operation. (CNW Group/Cenovus Energy Inc.) Oil sands production at Christina Lake up 63% Operating cash flow from oil production increased 40% to $915 million, compared with the third quarter of 2012, driven by higher oil prices and increased volumes. Refining operating cash flow decreased 75% to $133 million compared with the third quarter of 2012 due to lower market crack spreads and higher feedstock costs. Cash flow [Read more]

Enerplus Increases Production Estimates for 2013 and Sells Non-Core Assets

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This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Oct. 22, 2013 /CNW/ - Enerplus Corporation [Read more]

Surge Announces Two High Quality Light Oil Acquisitions, an Upward Revision to 2013/14 Guidance, and a 19 Percent Increase in Dividend

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CALGARY, Oct. 22, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced today two strategic, high quality light oil acquisitions. The first acquisition involves the $147 million purchase of all of the shares of a Calgary based private oil and gas company (the "Privateco"), with high netback, operated, producing light oil assets focused in the Steelman area of SE Saskatchewan, and the Dodsland area of SW Saskatchewan (the "Privateco Assets"). The consideration to be paid to the [Read more]

Sunshine Announces Definitive Joint Operating Agreement for Muskwa and Godin Areas

Definitive Joint Operating Agreement for Muskwa and Godin Areas CALGARY, Alberta and HONG KONG, Oct. 20, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has signed its previously announced joint operating agreement ("JOA") with Renergy Petroleum (Canada) Co., Ltd., ("Renergy") an affiliate of Changjiang Investment Group Co., Ltd. ("Changjiang") with respect to the Corporation's Muskwa and Godin area oil sands leases [Read more]

National Energy Board Responds to Gas Pipeline Rupture West of Fort McMurray, AB

CALGARY, Oct. 17, 2013 /CNW/ - The National Energy Board (NEB or Board) is responding to a pipeline rupture on the Nova Gas Transmission Ltd (NGTL) pipeline system 140 kilometres west of Fort McMurray, AB owned and operated by TransCanada Pipelines Ltd (TransCanada). The release was reported to the NEB early this morning. The size of the release has yet to be determined by the NEB. There is no immediate safety concern for local residents and precautions are being taken to ensure continued public [Read more]

Enbridge’s Line 9B pipeline reversal could open up new markets for Ontario oil producers

Greater market choice would retain jobs and expertise in Ontario More stable oil prices will encourage additional exploration and development in Ontario OPI confident Enbridge will continue to operate Line 9B to the highest safety and environmental standards TORONTO, Oct. 17, 2013 /CNW/ - The Ontario Petroleum Institute, which represents Ontario light crude oil producers, appeared before the National Energy Board today in Toronto to explain why the reversal of flow of Enbridge's Line 9B is [Read more]

Connacher Provides Third Quarter 2013 Operational Update and Conference Call Details

CALGARY, Oct. 15, 2013 /CNW/ - Connacher Oil and Gas Limited (TSX:CLL) ("Connacher" or the "Company") provides the following operational update for the third quarter 2013 ("Q3 2013") and the timing and call-in details for the Q3 2013 investor conference call. Production Connacher's Great Divide production for Q3 2013 averaged 11,800 bbl/d based on field estimates. Production was 2% higher than the prior quarter (Q2 2013 11,572 bbl/d). September production averaged 12,100 bbl/d based on field [Read more]

Bellatrix announces that it has entered into a third strategic joint venture, a $240 million partnership, with Troika Resources Private Equity Fund which is based in Seoul Korea

CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has entered into a $240 million joint venture partnership (the "Joint Venture") with TCA Energy Ltd. ("TCA").  TCA is a Canadian incorporated special purpose vehicle for Troika Resources Private Equity Fund which is based in Seoul Korea and managed by KDB Bank, SK Energy and Samchully AMC. Pursuant to the agreement forming the Joint Venture, Bellatrix and TCA [Read more]

Bellatrix Exploration Ltd. announces $576 million strategic acquisition of Angle Energy Inc. creating a dominant growth oriented cardium and Lower Mannville focused oil and gas company

CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT:  BXE) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Angle Energy Inc. ("Angle") (TSX: NGL) providing for the acquisition by Bellatrix of all the issued and outstanding Angle common shares (the "Angle Shares") pursuant to a plan of arrangement (the "Transaction") under the Business Corporations Act(Alberta) (the "Arrangement"). The combination [Read more]