BOE Report

Advantage Provides Summary of Previously Announced Glacier Montney Resource Estimates

CALGARY, Sept. 30, 2013 /CNW/ - The Alberta Securities Commission has requested that Advantage Oil & Gas Ltd. ("Advantage" or the "Company") present its reserves and resource estimates contained in the press releases datedMay 21, 2013 and July 15, 2013 (the "Press Releases") without providing a summation of the individual estimates of reserves, contingent resources and prospective resources. The individual estimates of volumes of reserves and resources effective as of March 31, 2013 as [Read more]

Centrica and QPI complete C$1billion acquisition from Suncor

CALGARY, Alberta, Sept. 26, 2013 /CNW/ - Centrica and Qatar Petroleum International (QPI) have today completed aC$1 billion agreement with Suncor Energy to acquire a package of producing oil and natural gas assets in the Western Canadian Sedimentary Basin. The assets include proven and probable (2P) reserves estimated by the partners at 978 billion cubic feet equivalent (90% natural gas), with estimated 2013 production of approximately 250 million cubic feet equivalent per day. On behalf [Read more]

MEG Energy announces pricing and increase in size of Senior Unsecured Notes offering

CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. today disclosed the pricing and an increase in the size of its previously announced US$750 million senior unsecured notes offering (the "Notes Offering"). Due to the positive market reception for the Notes Offering, MEG is increasing the total size of the offering to US$800 million fromUS$750 million. The senior unsecured notes will bear interest at 7.0% per annum and are due in 2024. MEG intends to use the net proceeds of the Notes Offering [Read more]

MEG Energy announces proposed private offering of Senior Unsecured Notes

CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. announced today that it is planning to commence, subject to market and other conditions, a private offering of US$750 million in aggregate principal amount of senior unsecured notes due in 2024. MEG intends to use the net proceeds from this offering for general corporate purposes, including funding its 2014 capital program. The senior notes to be offered by MEG will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. [Read more]

Softrock issues progress report

CALGARY, Sept. 24, 2013 /CNW/ - Nick Taylor, president and CEO of Softrock Minerals Ltd (TSX-V SFT) released a progress report on the company's Alberta activities He states that the company has applied to the Alberta Government for a lease extension on their 640 ac  oil and gas lease in the Charlie Lake producing trend of Northwest Alberta to give more time for farmout negotiations He further notes that in the last few weeks , the main operator in the area , Exshaw  Oil Corp ( a subsidiary [Read more]

North West Redwater Partnership Celebrates Breaking Ground on Phase 1 of Sturgeon Refinery

CALGARY, Sept. 20, 2013 /CNW/ - North West Redwater Partnership (NWR), a partnership between North West Upgrading Inc. (NWU) and Canadian Natural Upgrading Limited (CNUL), a wholly owned subsidiary of Canadian Natural Resources Limited (Canadian Natural), today celebrated the recent ground-breaking of the Sturgeon Refinery, located in the Alberta Industrial Heartland. The event took place at the future site of the refinery, and included speeches from the Honourable Alison Redford, Premier [Read more]

Novus Energy Inc. is saddened to announce the passing of John M. (Jack) Lane

CALGARY, Sept. 20, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is saddened to announce that it's Vice President of Operations, Mr. John M. (Jack) Lane has passed away after a brief illness. Mr. Lane will be deeply missed by his friends and colleagues at the Company.  The Board of Directors, management and staff of Novus wish to express their gratitude for the valuable contributions Mr. Lane made in helping to build Novus, and wish to provide their sincere condolences [Read more]

Funding available to participate in the NEB’s regulatory process regarding the Nova Gas Transmission Ltd. North Montney project

CALGARY, Sept. 18, 2013 /CNW/ - The National Energy Board (NEB, or the Board) is making available $250,000under its Participant Funding Program to assist directly affected persons to participate in the regulatory process of the Nova Gas Transmission Ltd. (NGTL) North Montney project. A higher amount may be considered once applications for funding are received. The proposed project includes the construction and operation of 305 km of pipeline in northeast British Columbia, along with associated [Read more]

Athabasca Enters into Option Agreement to Sell a Portion of its Light Oil Infrastructure

CALGARY, Sept. 18, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has entered into an option agreement with a third party giving the right to Athabasca, at its discretion, to sell up to a 50% interest in its Kaybob area light oil infrastructure for cash consideration of up to $145 million. Under the terms of the agreement, AOC has the right on or before December 31, 2013 to sell to the counterparty a 25% to 50% working interest in AOC's light oil pipeline and other [Read more]

Apache To Sell Selected Canadian Oil And Gas Assets For $112 Million In Two Transactions

HOUSTON, Sept. 17, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell certain oil and gas producing properties in Canada in two separate transactions with a combined value of US$112 million(CAN$117 million). Apache has agreed to sell its Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a portion of its Hawkeye producing properties. These are primarily dry gas developments located in Saskatchewan and Alberta and comprise approximately 4,000 [Read more]