BOE Report

Ultra Petroleum Corp. Announces Extension of Early Participation Date and Withdrawal Deadline for Exchange Offer for 7.125% Senior Notes due 2025

ENGLEWOOD, Colo., May 24, 2019 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (NASDAQ: UPL) today announced that, with respect to the previously announced private offer to exchange (the “Exchange Offer”) outstanding 7.125% Senior Notes due 2025 (the “2025 Notes”) of its wholly owned subsidiary, Ultra Resources, Inc. (“Ultra Resources”), for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of [Read more]

Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update

CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into between the Company and the Term Loan debtholders, the Company has agreed to pre-pay $10.0 million of the Company’s $60.0 million Term Loan plus accrued and unpaid [Read more]

Bellatrix Announces Senior Unsecured Noteholders, Convertible Debentureholders and Shareholders Approve Recapitalization Transaction

CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announced that at the meetings (the “Meetings”) of holders of the Company’s outstanding 8.5% senior unsecured notes due 2020 (the “Senior Unsecured Noteholders”), holders of the Company’s outstanding 6.75% convertible debentures due 2021 (the “Convertible Debentureholders”) and holders of the Company’s common shares (the “Existing Shareholders”) held today, the Senior [Read more]

Pipestone Energy Corp. Implements Long Term Incentive Plan

CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report that the board of directors (the “Board”) of Pipestone Energy have approved a long term incentive plan for the Company (the “LTIP”) allowing for the issuance of stock options (“Options”) exercisable for up to 5,688,690 common shares of the Corporation (“Common Shares”), restricted share units (“RSUs”) exercisable for up to 5,688,690 Common Shares and [Read more]

PrairieSky Royalty Appoints New Independent Director

CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) -- James Estey, Chair of the Board of Directors of PrairieSky Royalty Ltd. (“PrairieSky”) (TSX: PSK) is pleased to announce the appointment of Ms. Jane Gavan to the company's Board of Directors. Ms. Gavan’s appointment is effective May 23, 2019. "On behalf of the Board, I am pleased to welcome Ms. Gavan as our newest independent director," said Mr. Estey. "Jane is an experienced business leader and is well known across the Canadian and [Read more]

Apache Declares Cash Dividend on Common Shares

HOUSTON, May 22, 2019 (GLOBE NEWSWIRE) -- The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable Aug. 22, 2019, to stockholders of record on July 22, 2019, at a rate of 25 cents per share on the corporation’s common stock.   About Apache Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United [Read more]

Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Prices Upsized Initial Public Offering of Common Units

MIDLAND, Texas, May 22, 2019 (GLOBE NEWSWIRE) -- Rattler Midstream LP ("Rattler"), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback"), and Diamondback today announced the pricing of Rattler’s initial public offering of 38,000,000 common units representing limited partner interests at $17.50 per common unit. The 38,000,000 offering of common units represents a 4,666,667 unit upsize to the originally proposed 33,333,333 offering of common units. In addition, Rattler has [Read more]

Suncor Energy announces $750 million medium term note offering

All financial figures are in Canadian dollars. CALGARY, Alberta, May 22, 2019 (GLOBE NEWSWIRE) -- Suncor announced today that it will issue $750 million of senior unsecured Series 6 Medium Term Notes due on May 24, 2029 (the “Notes”). The Notes will have a coupon of 3.10% and have been priced at $99.761 per $100 of Notes to yield 3.128%. The offering is expected to close on May 24, 2019, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the [Read more]

Prairie Provident Secures Option to Acquire Additional Princess Acreage and Updates Corporate Presentation

CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") confirms that the Company has entered into an agreement securing an exclusive option to acquire up to 21 additional sections of land in the Princess area by year-end.  The Company’s net undeveloped land holdings in the Princess area will be expanded to a total of 48,582 acres if the option is fully exercised, further increasing PPR’s inventory of high-quality Lithic [Read more]

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited ("Canadian Natural") announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid (“NCIB”) through the facilities of the Toronto Stock Exchange or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian Natural may, during [Read more]