BOE Report

MEG Energy announces the closing of its offering of additional 7.0% Senior Notes due 2024

CALGARY, Nov. 6, 2013 /CNW/ - MEG Energy Corp. announced today that it has closed its previously announced offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes").  The New Notes were issued at a price of 101.0% of par to yield 6.83%. The New Notes are an additional issuance of 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 [Read more]

Longview Announces Drilling and Operations Update

2013 Capital Efficiency of $18,900 per Boe/d (TSX: LNV) CALGARY, Nov. 6, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") is pleased to announce the following drilling and operations update. Q3 2013 DRILLING PROGRAM A total of six gross (5.6 net) wells were drilled during the third quarter of 2013 resulting in five gross (4.8 net) oil wells. At Northgate, Saskatchewan the Company drilled two gross (two net) wells targeting the Mississippian Midale formation. The initial well [Read more]

Kelt enters into an agreement to acquire strategic assets and announces $101 million equity financing

CALGARY, Nov. 6, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") has entered into an agreement with a Canadian oil and gas company to acquire certain crude oil and natural gas assets located at Pouce Coupe/Spirit River, in close proximity to the Company's core producing areas at Grande Cache and Karr in west central Alberta. The acquisition has an effective date of October 1, 2013 and is subject to standard industry closing conditions. Closing is expected to occur on [Read more]

Penn West Announces its Financial Results for the Third Quarter Ended September 30, 2013

CALGARY, Nov. 6, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT); (NYSE: PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the third quarter ended September 30, 2013. All figures are in Canadian dollars unless otherwise stated.         Three months ended September 30 Nine months ended September 30   2013 2012 % change 2013 2012 % change Financial(millions, except per share amounts)                 Gross revenues [Read more]

Penn West Announces the Results of its Board Strategic Review Process, Long-Term Plan, $485 Million in Non-Core Asset Divestitures and 2014 Capital and Production Guidance

CALGARY, Nov. 6, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "our" or the "Company") is pleased to announce the results of its strategic review process and details of its long-term plan, an update on asset dispositions as well as 2014 capital and production guidance. Commenting on today's announcements, Dave Roberts, President and CEO stated: "Following a process that began less than five months ago, the Board of Directors (the "Board") and senior management of [Read more]

Athabasca Oil Corporation CRA Review Concluded

CALGARY, Nov. 5, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to advise that the Company has received confirmation from the Canada Revenue Agency ("CRA") that no adjustments are warranted with respect to the audit of its 2009/2010 taxation years. As previously disclosed, Athabasca has been undergoing tax related reviews regarding the capital treatment of its February 2010 PetroChina transaction and its March 2010 capital dividend. "This is good [Read more]

Twin Butte Energy completes acquisition of private oil producer

CALGARY, Nov. 5, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that the acquisition of Black Shire Energy Inc. ("Black Shire") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) was completed today (the "Acquisition") for total consideration of approximately $358.0 million, including the assumption of approximately $107.6 million of net debt. Total cash of $138 million was allocated to former Black Shire [Read more]

Surge Energy Inc. announces record results for the third quarter 2013

CALGARY, Nov. 4, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2013. FINANCIAL AND OPERATING SUMMARY             ($000s except per share amounts)               Three months ended September 30, Nine months ended September 30,   2013 2012 % change 2013 2012 % change Financial highlights             Oil and NGL [Read more]

Ironhorse Announces Alberta Energy Regulator Approval and Asset Sale

CALGARY, Nov. 4, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces the following: Ironhorse is pleased to announce that on October 31, 2013, the Alberta Energy Regulator (AER) approved Grizzly Resources Ltd.'s Application No. 1707770 and Sinopec Daylight Energy Ltd's Applications No.'s 1723456, 1723458, 1723460, 1723486, 1723491, 1759037, 1759038, 1759044, 1759045 as well as No. 1728964 and No. 1696239. These approvals will allow Ironhorse and its [Read more]

TriOil Resources announces strong Montney, Cardium and Dunvegan drilling results and provides operations update

CALGARY, Nov. 4, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to provide an operations update on the Company's Montney, Cardium and Dunvegan programs. Montney Operations TriOil recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51 percent NGLs) TriOil owns a 61% working interest in this well and plans to drill 2 to 3 [Read more]