BOE Report

Razor Energy Corp. Announces 2019 Corporate Budget and Guidance

CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the “Board”)  has approved a capital budget of $13.5 million for fiscal 2019 that allows Razor to maintain production levels while continuing to pay a sustainable dividend. 2019 budget Capital expenditures of $13.5 million are expected to be allocated as follows: Reactivations, recompletions and [Read more]

Peyto Exploration & Development Corp. Confirms Dividends for First Quarter 2019

CALGARY, Alberta, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto") (TSX: PEY) declares the following dividends, payable to shareholders of its common shares at the close of business on the record dates indicated.    Dividend Amount per Common Share  Record Date Ex-Dividend DatePayment Date$0.02 January 31, 2019 January 30, 2019February 15, 2019$0.02 February 28, 2019 February 27, 2019March 15, 2019 (*)$0.02 March 31, 2019 March 28, 2019April 15, 2019 [Read more]

Granite Oil Corp. Announces Closing of Final Tranche of Private Placement

CALGARY, Alberta, Jan. 18, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement (“Offering”) of common shares (the “Shares”) at a price of $0.52 per Share, for aggregate gross proceeds of approximately $437,171. Together with the first tranche closing that was previously announced by the Company on December 21, 2018, the Corporation has [Read more]

Husky Offer For MEG Expires Without Extension

Offer expired January 16 with minimum tender condition not met Husky will not extend its offer given lack of MEG Board and shareholder support Company to focus on developing its deep portfolio of organic growth projects as set out at Investor Day on May 28, 2018 Potential divestment of Husky’s retail business and Prince George Refinery will continue; proceeds provide for enhanced cash returns to shareholders and accelerating organic growth investments CALGARY, Alberta, Jan. 17, 2019 (GLOBE [Read more]

Zargon Oil & Gas Ltd. Engages Financial Advisor

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has re-engaged Macquarie Capital Markets Canada Ltd. as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a corporate merger, sale, recapitalization or reorganization.  Zargon’s long-life, low-decline oil exploitation assets have significant upside potential in a period of prolonged higher oil [Read more]

Marksmen Announces Operational Update

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC, in Hocking County, Ohio. In a press release dated December 19, 2018, Marksmen announced that a new horizontal/lateral leg paralleling the original well bore was successfully drilled at the Leaman #1 horizontal well. The well has recently been equipped with tanks, a pumping [Read more]

Peyto Announces Strategic Three Year Plan

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto” or the “Company") announces a three year strategic plan to address the natural gas price crisis currently affecting the entire Alberta natural gas market and Canadian natural gas producers. The Board of Directors of Peyto has approved a plan to enhance shareholder value by; investing in several strategic longer-term initiatives, protecting the Company’s balance sheet through the near term [Read more]

DCP Midstream, LP Announces Upsizing and Pricing of an Additional $325 Million of 5.375% Senior Notes due 2025

DENVER, Jan. 16, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an upsized offering of an additional $325 million aggregate principal amount of its 5.375% senior notes due 2025 at a price of 100.75% of their face value plus accrued interest from January 15, 2019 (the “Additional Notes”). The Additional Notes will be fully and unconditionally guaranteed [Read more]

Jones Energy, Inc. Declares Contingent Convertible Preferred Stock Dividend

AUSTIN, Texas, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). If paid, the dividend will be paid in the Company’s Class A common stock. [Read more]

Apache and Altus Midstream Announce New Altus Midstream CEO

HOUSTON, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) and Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced the appointment of Clay Bretches as CEO of Altus Midstream, effective immediately. Bretches will also serve as a member of the Altus board of directors and as Apache’s senior vice president, U.S. Midstream Operations. Brian Freed, CEO of Altus since its inception, will continue in his role as Apache’s senior vice president, Midstream and [Read more]