BOE Report

TC Energy announces consideration of subordinated notes offering by TransCanada Trust

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that TransCanada Trust (the Trust), a wholly-owned financing trust subsidiary of TransCanada PipeLines Limited (TCPL), is considering an offering of subordinated trust notes (Trust Notes), guaranteed on a subordinated basis by TCPL, under the Trust's short form base shelf prospectus dated Feb. 26, 2021. If a successful offering is completed, the Company intends to use the proceeds to redeem [Read more]

Petrus Announces Strategic Acquisition of Cardium Assets in Ferrier

CALGARY, Alberta, March 01, 2022 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire a privately owned limited partnership (the "LP") and its general partner (the "GP", and together, the "Acquired Entities") for total consideration of approximately $14.4 million, consisting of 10 million common shares of the Company (the "Shares") issued at a deemed price of $1.44 per [Read more]

Shell intends to exit equity partnerships held with Gazprom entities

LONDON, February 28, 2022 – The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture.  Shell also intends to end its involvement in the Nord Stream 2 pipeline project. “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless [Read more]

Razor Energy Corp. announces 2021 year-end reserves and operational outlook

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2021 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2021, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 17, 2022 (the “Sproule Report”). The figures in the following tables have been prepared [Read more]

Cardinal Energy Ltd. announces 2021 year-end reserves

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to present the results of its independent reserve report effective December 31, 2021. One hundred percent of Cardinal's year-end 2021 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") with an effective date of December 31, 2021 (the "2021 Reserve Report"). The 2021 financial information in this news release is unaudited and accordingly, such financial information is subject to [Read more]

Baytex Announces fourth quarter and year-end 2021 results, reserves and return of capital framework

CALGARY, Alberta - Baytex Energy Corp. ("Baytex")(TSX: BTE) reports its operating and financial results for the three months and year ended December 31, 2021 (all amounts are in Canadian dollars unless otherwise noted). “In 2021, we made a commitment to maintain capital discipline, maximize free cash flow and reduce our net debt. I am very pleased to say we delivered on all fronts with strong operational execution, record free cash flow and a significantly improved balance sheet. With [Read more]

Questerre files memorandum with parliamentary committee for Bill 21

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has filed its submission with the parliamentary committee in Quebec on Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities. The submission includes independent assessments on the economic and environmental impacts of development and the detailed polling data on social acceptability showing strong support for local natural [Read more]

Prairie Provident announces 2022 capital budget & guidance

CALGARY, Alberta - Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce its 2022 capital budget, corporate guidance and a Michichi operational update. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “The 2022 development plan builds on 2021’s successful drilling programs and waterflood results in our core assets. This budget continues to support our overall strategy of increasing shareholder value [Read more]

Questerre reports on proposed ban in Quebec

CALGARY, Alberta- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) issued a report to shareholders following the introduction by the Government of Quebec of Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities. Michael Binnion, President and Chief Executive Officer of Questerre, stated, “Our company has more than a thirty-year history in the natural gas industry in Quebec. Our founding shareholder, Terrenex, [Read more]

Pipestone Energy Corp. announces strong year-over-year reserves growth and record quarterly production

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to provide an update on its operations with record quarterly production achieved; and to report its year-end 2021 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) with an effective date of December 31, 2021 (the “McDaniel Report”). Recent Operations Highlights: Record Production Volumes: Q4 2021 production averaged 28,623 boe/d (30% [Read more]