BOE Report

Bellatrix announces it has entered into a $200 million strategic joint venture partnership and a $52.5 million asset disposition with Daewoo International Corporation and Devonian Natural Resources Private Equity Fund

CALGARY, Aug. 1, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has entered into a definitive agreement for an asset sale (the "Asset Sale")  and  joint venture (the "Joint Venture") with Daewoo International Corporation ("Daewoo") and Devonian Natural Resources Private Equity Fund ("Devonian"). Under the terms of the associated agreements, Bellatrix will sell, effective July 1, 2013, to Devonian and Daewoo jointly 50% of the [Read more]

Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2013

CALGARY, Aug. 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report interim operating and unaudited financial results for the three and six months ended June 30, 2013. HIGHLIGHTS We recorded the strongest operating quarter in our history in the second quarter of 2013.  Thus far, our capital program has achieved better than anticipated results, generating production growth in all four of our business units.  The [Read more]

Pembina Announces Long-Term Agreements for Storage and Additional Infrastructure Expansions to Support Further Development at Redwater

Pembina to invest $65 million at its Redwater site to build a new hydrocarbon storage cavern and to advance potential third fractionator CALGARY, July 31, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into long-term cost-of-service agreements with NOVA Chemicals Corporation ("NOVA") for the use of an underground storage cavern currently in development at Pembina's Redwater fractionation and storage site [Read more]

Athabasca Oil Corporation Reports Second Quarter 2013 Results

CALGARY, July 31, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2013 results. Highlights Capital expenditures during the second quarter totalled $143 million, $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets; Production in the second quarter averaged 7,258 barrels of oil equivalent per day ("boe/d"), with an average production of 8,552 boe/d [Read more]

Keyera and Kinder Morgan to Construct Crude Oil Rail Loading Terminal in Edmonton

CALGARY, July 30, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) ("Keyera") and Kinder Morgan Energy Partners L.P. (NYSE:KMP) ("Kinder Morgan") today announced a 50-50 joint venture to build a crude oil rail loading facility in Edmonton, Alberta called the Alberta Crude Terminal.  When complete, the Alberta Crude Terminal will be able to accept crude oil streams handled at Kinder Morgan's Edmonton Terminal for loading and delivery via rail to refineries anywhere inNorth America. "We are [Read more]

Trinidad Drilling Ltd. signs contract to build new rig for Northern Canada LNG project

CALGARY, July 30, 2013 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or "the Company") is pleased to announce that it has signed a contract to build one of Canada's largest and most technically-advanced land rigs. The rig is being constructed to drill natural gas in the Liard Basin, an area that is being developed to supply gas for the future liquefied natural gas (LNG) plants proposed for the west coast of British Columbia. The new rig will be constructed at Trinidad's in-house manufacturing [Read more]

MEG Energy reports strong second quarter results

Top tier operational results and execution of growth projects set stage for strong second half CALGARY, July 30, 2013 /CNW/ - MEG Energy Corp. today reported second quarter 2013 operational and financial results. Highlights include: Phase 2B water treatment and steam generation facilities are mechanically complete, with commissioning underway and steaming set to begin later in the third quarter, with first oil planned in the fourth quarter; Near-record quarterly production volumes of [Read more]

NEB releases List of Issues for the Trans Mountain Expansion Project

CALGARY, July 29, 2013 /CNW/ - The National Energy Board (NEB or the Board) released today the List of Issues, which identifies the topics that will be considered during the review process for the Trans Mountain Expansion Project. A Project Description was filed by Trans Mountain Pipeline ULC (Trans Mountain) on 23 May 2013. The List of Issues is based on the information provided in the description. The company has not yet submitted an application for the project. Further details about the [Read more]

PanTerra Announces Future Financing Update

CALGARY, July 29, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that it has received a letter of intent from Insch Commodity Ltd ("Insch") committing a further Five Million Dollars ($5,000,000) in future funding for "go-forward" joint venture projects that PanTerra and Insch are currently involved in. This funding will be utilized for the drilling of several new wells at the Company's Tomahawk project as well as the immediate commencement of the Carrot [Read more]