BOE Report

Whitecap Resources Inc. announces increase to credit facilities, provides operational update and increases 2013 guidance

CALGARY, Oct. 15, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 15 percent increase to our credit facilities from $520 million to $600 million in addition to providing shareholders with an update on our successful capital execution thus far in 2013. Our third quarter operational results have once again exceeded expectations with average production over 1,000 boe/d above our 20,000 boe/d production forecast providing us with the opportunity [Read more]

Twin Butte Energy to Acquire Private Oil Producer and Proceed With $70 Million Bought Deal Financing

CALGARY, Oct. 9, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that it has entered into an arrangement agreement ("Arrangement Agreement") with Black Shire Energy Inc. ("Black Shire") providing for the acquisition (the "Black Shire Acquisition") by Twin Butte of all of the issued and outstanding class "A" common shares ("Black Shire Shares") of Black Shire for total consideration of approximately $358.0 million, including the assumption of [Read more]

Enbridge Line 9B reversal project: Industrial Association for the East of Montreal reiterates its support for project in front of National Energy Board

MONTREAL, Oct. 9, 2013 /CNW Telbec/ - Mr. André Brunelle, President of the Industrial Association for the East ofMontreal (AIEM) reiterated his organization's support for the Line 9B reversal project while at the National Energy Board hearings. According to Mr. Brunelle: "By providing refiners with access to a reliable and lower cost source of oil this project will not only assure their competitiveness and dynamism; it will also maintain thousands of jobs and the economic vitality of Montreal [Read more]

Coalition to Reiterate Support for Line 9B Reversal Project at National Energy Board Hearings

MONTREAL, Oct. 8, 2013 /CNW Telbec/ - The Coalition in support of the Line 9B reversal project and its member organizations reiterate their support for the Enbridge project and will participate in the National Energy Board hearings being held in Montreal this week. A key project for Quebec The Line 9B reversal project proposed by Enbridge is essential to Quebec's economy because it will bolster Quebec'spetrochemical industry by providing its refining and petrochemical sectors with a reliable [Read more]

Shell survey reveals Canadians want more innovation & collaboration in building future energy solutions

Just under seven out of 10 Canadians rate future of energy needs as a very important issue VANCOUVER, Oct. 7, 2013 /CNW/ - The results of a new Shell survey, "Future of Energy" conducted by Ipsos, which identifies key issues and challenges in meeting global energy needs, was released today at Shell's Canadian Innovation Summit in Vancouver. Among the key findings: 68 per cent of Canadians think that the future of energy is a very important issue, and this is higher among women and those [Read more]

Palliser Oil & Gas Corporation Provides Operation Update

CALGARY, Oct. 7, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to provide an operations update. The Company continues to focus its abilities on expanding production shipped by rail. The Company completed the construction of a clean oil treating facility in the third quarter which is estimated to increase the Company's capacity to ship approximately 75% of corporate production by rail, up from its previous capacity of approximately [Read more]

Cequence Energy Inc. announces investment by CPPIB Credit Investments Inc., and provides operational update and revised guidance

CALGARY, Oct. 3, 2013 /CNW/ - Cequence Energy Inc. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that it has entered into definitive documentation and expects to complete later today a transaction (the "Transaction") with CPPIB Credit Investments Inc., ("CII"), a wholly-owned subsidiary of Canada Pension Plan Investment Board ("CPPIB"), for an initial investment by CII of $60 million in unsecured five year notes (the "Notes") with a further $60 million of notes available at a [Read more]

Twin Butte Energy Ltd. Provides Corporate and Operational Update

CALGARY, Sept. 30, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to provide an update on various corporate and operational activities. Twin Butte has completed the disposition of a non-core, west central Alberta, gas asset for gross proceeds of $19.5 million effective September 30, 2013. The property was producing approximately 300 boe per day, of which 72 percent was natural gas. Proceeds will initially be used to reduce debt which is now anticipated [Read more]

Madalena Announces a 1,045 Boe/d (84% Oil) Ostracod Production Test in West-Central Alberta

CALGARY, Sept. 30, 2013 /CNW/ - Madalena Energy Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to announce the results of a 3 day production test of its most recent 100% working interest horizontal Ostracod oil well located at 1-32-55-7W5M in the Paddle River area of west-central Alberta. The well reached a total depth of 3,250 metres, including a 1,380 metre horizontal trajectory. Completion operations included a 16-stage multi-frac program where a total of 4,800 barrels of [Read more]

Advantage Announces High Liquid Yield Wells, Increases Montney Acreage & Provides Update on Operations & Strategic Alternatives Process

CALGARY, Sept. 30, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (TSX/NYSE: AAV) is pleased to announce the following updates.  An updated investor presentation is also available on our website. Two Middle Montney Wells Demonstrate Free Condensate ("C5+")Yield of up to 50 bbls/mmcf and Propane Plus ("C3+") Yield of up to 76 bbls/mmcf at Glacier Two Middle Montney wells located on the Eastern portion of our land block at Glacier at 103/1-9-76-12W6 and [Read more]