BOE Report

Cenovus contributes to southern Alberta flood relief effort

CALGARY, June 21, 2013 /CNW/ - Cenovus Energy Inc. (TSX, NYSE: CVE) is donating $1 million to assist with flood relief efforts in southern Alberta. An initial donation of $250,000 will go to the Red Cross for immediate relief efforts. The company will then work with its community partners to determine how best to allocate the remainder of the donation. "Our thoughts are with everyone across southern Alberta who is impacted by the devastating floods," said Sheila McIntosh, Cenovus Executive [Read more]

Seven Generations Energy Ltd. acquires 56 sections of additional Montney lands

CALGARY, June 21, 2013 /CNW/ - Seven Generations Energy Ltd. (the "Company") is pleased to announce that it has, by several separate transactions this month, acquired 56 square miles of rights in the Montney (and other) formations in the Grande Prairie region of west central Alberta. The land will extend the Company's Kakwa River Project and brings the net land holdings of the Company (all in the Kakwa River Project area) to approximately 357 sections, including approximately 331 sections of [Read more]

Legacy Oil + Gas Inc. issues statement regarding successful shut down of natural gas well in Turner Valley

CALGARY, June 21, 2013 /CNW/ - With the receding floodwaters, Legacy Oil + Gas Inc. ("Legacy") has been able to get its emergency personnel at the well site and has confirmation that it has shut down the well releasing natural gas in the Turner Valley Field.  The well, Royalite 19, located at 5-6-20-2W5M in the southwest corner of the town of Turner Valley, had a flow line rupture due to impacts from trees and other debris in the rising floodwater. Due to the rupture, a release of natural gas [Read more]

Legacy Oil + Gas Inc. issues statement regarding natural gas release in Turner Valley

CALGARY, June 20, 2013 /CNW/ - Recent heavy rains and spring run-off in southern Alberta caused a flooding of the Sheep River.  As a precautionary measure, Legacy was in the process of shutting in production in the Turner Valley Field when a natural gas well, Royalite 19, located at 5-6-20-2W5M in the southwest corner of the town of Turner Valley, had a flow line rupture due to impacts from trees and other debris in the rising flood water.  Legacy Turner Valley and head office staff are working [Read more]

Trinidad Drilling Ltd. announces the sale of its coring and pre-set rigs

CALGARY, June 19, 2013 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or "the Company") is pleased to announce that it has entered in to an agreement to sell its coring and pre-set rigs to Alken Basin Drilling Ltd. (Alken) for $12 million in cash, excluding working capital and land and buildings. Trinidad has operated coring and pre-set rigs since 2005 in the oilsands of northern Canada in the winter and in southern Alberta in the summer. The reduction in pre-set work over the summer months and [Read more]

Imperial Oil to Convert Dartmouth Refinery to Terminal

Refinery marketing effort did not attract a buyer Conversion will begin in 2013 Care will be taken to meet the needs of customers and employees DARTMOUTH, NS, June 19, 2013 /CNW/ - Following a comprehensive evaluation of alternatives, Imperial Oil will continue to serve east coast Canadian markets by converting its Dartmouth refinery into a terminal operation. Despite interest in the refinery assets over the past year, Imperial was unable to attract a buyer to continue operating the [Read more]

Statoil makes another oil find offshore Newfoundland

ST. JOHN'S, Newfoundland and Labrador, June 19, 2013 /CNW/ - Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect (EL 1112), located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. "While it is still too early to determine Harpoon's resource potential at this time, this is very encouraging for the area and especially for the Bay du Nord well [Read more]

Shell celebrates 10 years of oil sands operations

CALGARY, June 17, 2013 /CNW/ - Shell announced today 10 years of oil sands production as operator of the Athabasca Oil Sands Project (AOSP). Starting with just a handful of employees, over the last 10 years Shell has built an oil sands mining and upgrading business capable of delivering over a quarter of a million barrels per day, providing 17% of Canada's total oil production, and employing over 3,000 staff and thousands of contractors. Since production began in 2003, the Athabasca Oil Sands [Read more]

Palliser Oil & Gas Corporation Grants Options and Restricted Share Units

/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THEUNITED STATES/ CALGARY, June 14, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) reports that it has granted an aggregate of 843,500 options at an exercise price of $0.49 per share to directors, officers and employees of Palliser and issued 676,500 Restricted Share Units to officers and employees of the Company, subject to the terms and conditions with the [Read more]

PanTerra Closes First Tranche of Asset Sale

CALGARY, June 14, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has closed the first tranche of an asset sale at its Carrot Creek property that was previously announced on June 4, 2013. The first tranche consists of the sale of 60% of the Proven Producing Reserve asset for a price $1,096,688. Transaction metrics of the Proven Producing portion of the sale is $45,700 per flowing barrel. This is based on 60% of the current proven producing rate of 40 BBls [Read more]