BOE Report

Private Investor Acquires 19.96% of the Shares of Cequence Energy Ltd.

CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Mr. G.A. Cumming announces the acquisition of 7,737,108 common shares (“Common Shares”) of Cequence Energy Ltd. (“Cequence”) as part of a larger private placement of flow-through common shares of Cequence (the “Private Placement”) completed today. Under the Private Placement, Cequence issued a total of 17,230,769 common shares, all on a flow-through basis in accordance with to the Income Tax Act (Canada), at a subscription price of $0.65 per [Read more]

Cequence Energy Ltd. Announces the Completion of Its Private Placement, Debt Transaction and Results of Its Annual General and Special Meeting of Shareholders

CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the successful completion today of its previously announced private placement of common shares (the “Private Placement”), $10 million principal repayment on its $60 million term loan, as well as the results of its Annual General and Special meeting of shareholders. Private Placement Under the Private Placement, Cequence issued a total of 17,230,769 [Read more]

Devon Energy Announces Early Redemption of Senior Notes

OKLAHOMA CITY, June 27, 2019 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that it will redeem $1.5 billion in Senior Notes. This redemption covers all of the company’s outstanding 4.00% Senior Notes due 2021 and 3.25% Senior Notes due 2022. The notes will be redeemed at a redemption price of 100 percent of the principal amount, plus accrued and unpaid interest, as well as a make-whole premium. For each series of notes, accrued interest will be paid to, but excluding, the [Read more]

Devon Energy Completes Sale of Canadian Business

OKLAHOMA CITY, June 27, 2019 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, after adjusting for purchase price adjustments and estimated taxes associated with the sale. The company plans to repatriate the net sales proceeds along with Canadian cash balances of approximately USD $500 million to [Read more]

Canadian Natural Resources Limited Completes the Acquisition of Substantially All of the Assets of Devon Canada Corporation

CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that the agreement to acquire substantially all of the assets of Devon Canada Corporation ("Devon") has been completed. Canadian Natural welcomes approximately 720 high caliber Devon employees to its thermal in situ, primary heavy oil and Calgary head office teams. The acquired production, infrastructure and land will add to Canadian Natural’s existing thermal [Read more]

Razor Energy Receives Funding for Geothermal Power Project

CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) and its partners, the federal government, through Natural Resources Canada (“NRCan”) and Alberta Innovates, are pleased to announce the funding of a co-produced geothermal electricity project utilizing an active oil and gas operation in Alberta (the “Project”). A $5 million contribution from NRCan’s Clean Growth Program, and a $2 million contribution from Alberta [Read more]

TC Energy launches binding open season for the Keystone Pipeline System

CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the open season that will close at 12 p.m. MT on July 19, 2019. Information regarding the open season is [Read more]

Pengrowth Reports Election of Directors 

CALGARY, Alberta, June 26, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCX:PGHEF), today announced that at its annual general meeting of shareholders held earlier today, each of the six nominees listed in its management information circular dated May 14, 2019 were elected as directors to serve until the next annual meeting of shareholders of Pengrowth, or until their successors are elected or appointed. The results of the shares voted are set [Read more]

Pieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants

Highlights: Acquisition immediately accretive to the Company Another major step forward, now fully supplying Train 1 at the Goldboro LNG facility Pieridae becomes a major player in the Alberta midstream and upstream industry Shell Canada Energy to take an equity stake in Pieridae Other key stakeholders to increase their ownership positions CALGARY, Alberta, June 26, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to [Read more]

Devon Energy to Report Second-Quarter 2019 Results Aug. 6; Conference Call Scheduled for Aug. 7

OKLAHOMA CITY, June 25, 2019 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced plans to announce second-quarter 2019 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and operations report for the second-quarter 2019 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Aug. 7, the company will hold a conference call at 10 a.m. Central Time (11 a.m. Eastern Time), which will consist primarily of [Read more]