BOE Report

Athabasca Oil announces 2022 second quarter results including record $85 million of adjusted funds flow, $167 million in debt redemptions, and increased corporate guidance

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 second quarter results with continued significant Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q2 Corporate Highlights Production: 33,247 boe/d (92% Liquids) consisting of 26,768 bbl/d in Thermal Oil and 6,479 boe/d (58% Liquids) [Read more]

Tidewater Midstream announces transactions to fund junior debt repayment and provides second quarter 2022 update

CALGARY, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) announces a financing plan to fully fund the repayment of its $125 million senior unsecured notes due December 19, 2022 (the “Senior Unsecured Notes”) and $20 million second lien term loan (the “Second Lien Term Loan”). The Company intends to use new capital sources as follows: $70 million draw on the Company’s senior credit facility that, through an [Read more]

Former International Petroleum Corporation Chairman Lukas H. Lundin passes away

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) regrets to announce the death of former Chairman of the Board of Directors, Mr. Lukas H. Lundin, in Geneva, Switzerland on July 26, 2022 at the age of 64, following a two-year battle with brain cancer.    Over the past 40 years, Lukas Lundin was the driving force behind the tremendous success of The Lundin Group of Companies, including IPC. Lukas started his career in the international energy and mining sectors in the [Read more]

International Petroleum Corporation to release second quarter 2022 financial results on August 2, 2022

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2022 on Tuesday, August 2, 2022 at 07:30 CEST, followed by an audiocast at 09:00 CEST. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2022 financial and operating results and the latest developments from IPC. Follow the [Read more]

Equinor second quarter 2022

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 17.6 billion and USD 5.00 billion after tax in the second quarter of 2022. Net operating income was USD 17.7 billion and the net income was reported at USD 6.76 billion. Strategic and industrial developments: Further optimisation of the oil and gas portfolio Assets in Russia exited Continued progress in building new value chains in low carbon with investments in battery storage and power Progressing a strong [Read more]

InPlay Oil Corp. announces renewal of credit facility and provides operations update

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and announce the completion of the annual renewal of its syndicated Senior Credit Facility. Senior Credit Facility Renewal InPlay’s Senior Credit Facility remains unchanged in lending capacity and has been renewed at $79 million comprised of a $65 million revolving facility(1) and the remaining $14 million term facility. The borrowing base of the revolving [Read more]

Questerre reports on Uinta Basin Railway progress

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on the planned Uinta Basin Railway that will serve the Uinta Basin in Utah including the acreage held by Red Leaf Resources, Inc. (“Red Leaf”), its investee company. Questerre currently holds a 40% equity interest in Red Leaf. Michael Binnion, President & Chief Executive Officer of Questerre, commented, “It has become less and less common to successfully permit large infrastructure [Read more]

International Petroleum Corporation announces results of share repurchase program

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 1,095,512 IPC common shares (ISIN: CA46016U1084) during the period of July 18 to 22, 2022 under the previously announced share repurchase program. The share repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]

Prospera announces ownership increase in core properties and acquires light oil property

CALGARY, Alberta - Prospera Energy Inc. (" Prospera " or the " Corporation ") (PEI: TSX-V; GXRFF:OTC; OF6B:FRA) is pleased to announce its recent strategic property acquisitions to increase PEI asset value. Pursuant to an arms-length debt settlement agreement dated February 16, 2022, the Corporation settled debt receivable to PEI by joint venture partner Petrolia Canada Corporation of approximately $1,700,000 by the acquisition of an undivided 13.423% working interest in the Cuthbert, Luseland [Read more]

Shell Midstream Partners, L.P. declares distribution of $0.30 per limited partner common unit

Houston, July 21, 2022 - Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Board of Directors of its general partner declared a cash distribution of $0.30 per limited partner common unit for the second quarter of 2022. The distribution will be paid August 12, 2022 to unitholders of record as of August 2, 2022. The Partnership’s second quarter earnings release and associated SEC filings will be posted after markets close on Thursday, July 28, 2022. TAX [Read more]