BOE Report

Granite Oil Corp. Announces Credit Facility Amendment

CALGARY, Alberta, Dec. 22, 2017 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to announce that the semi-annual review of its credit facility has been completed.  The Company voluntarily reduced the availability under the credit facility from $60 million to $50 million, consisting of a $45 million revolving demand credit facility and a $5 million revolving demand operating facility.  The Company has sufficient liquidity and financial [Read more]

Vital Announces Extension of Outstanding Debentures and New Debenture Offering

CALGARY, Alberta, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Vital Energy Inc. (“Vital”) announced today that, further to its news release dated December 23, 2015, the maturity date of the outstanding 8% secured convertible debentures in the aggregate principal amount of $2,075,000, have been extended for an additional one year period, from December 23, 2017 to December 23, 2018. The other debenture issued on December 23, 2015 in the principal amount of $50,000 has been repaid. At the time of issuance, [Read more]

Tidewater Midstream and Infrastructure Ltd. Announces Closing of Deep Basin and Montney Acquisition, Provides Update on BRC Expansion and Reaffirms Exit 2017 Annualized Run-Rate Adjusted EBITDA Guidance

CALGARY, Alberta, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Closing of Deep Basin and Montney Acquisition Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX:TWM) is pleased to announce that it has completed its previously announced acquisition of certain assets in the Deep Basin and Montney region for net cash consideration of $34 million.  Together with Tidewater’s previously announced acquisition of a pipeline in the Wapiti region, Tidewater’s key pieces of [Read more]

Harvest Operations Corp. Confirms Decision to Start Its Blackgold Oil Sands Project

CALGARY, Alberta, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Harvest Operations Corp. (“Harvest” or the “Company”) announced today its decision to re-sanction and complete the construction and commissioning of its 10,000 bbl/d BlackGold SAGD oil sands project near Conklin, Alberta. Harvest had previously suspended work in early 2015 dues to the drastic fall in oil prices. Major work at site has already commenced and will progress through the winter with the aim of commissioning wells and commencing steam [Read more]

Freehold Royalties Ltd. Acquires a Long Life Cardium Royalty Asset

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Consistent with our strategy of enhancing the quality of our underlying asset base, Freehold Royalties Ltd. ("Freehold") (TSX:FRU) is pleased to announce the closing today of the acquisition of a long life, light oil gross overriding royalty (GORR). Royalty Acquisition Freehold is acquiring a new 2% GORR in petroleum and natural gas rights in the Cardium in 173,440 gross (120,960 net) acres of land in the greater Pembina area. The purchase [Read more]

Bonterra Energy Corp. Announces the Sale of a Two Percent Gross Overriding Royalty Interest in the Pembina Cardium Pool for Total Consideration of $52 Million and its 2018 Operational and Financial Budget

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) is pleased to announce that it has entered into a definitive agreement for the sale of a two percent non-convertible gross overriding royalty (“GORR”) in the Pembina Cardium pool for cash consideration of $52 million plus the assignment of the purchaser’s working interest in certain PNG rights, Tangibles (wells, pipelines, facilities) and Miscellaneous [Read more]

Inter Pipeline Announces Capital Expenditure Program for 2018

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today a $900 million capital expenditure program for 2018. Approximately $820 million, or 91 percent of total capital expenditures will be for organic growth initiatives, with the remaining $80 million invested for sustaining capital projects. In 2018, the majority of Inter Pipeline’s growth capital program is expected to be directed towards engineering and construction activities for [Read more]

Point Loma Resources Announces First Half 2018 Work Plan

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) which has captured over 160,000 net acres across the multi-zone Mannville, Nordegg and Banff fairways of west central Alberta is pleased to announce planned activities for the first half of 2018. Highlights Two well drilling program. Nine well workovers identified in existing producing areas. Letter of intent executed with Tidewater at Paddle River to [Read more]

Tidewater Midstream and Infrastructure Ltd. Announces Closing of Senior Notes Offering and Fourth Quarter 2017 Dividend

THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Closing of Senior Notes Offering Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX:TWM) is pleased to announce that is has closed its private placement (the “Private Placement”) of $125 million of 6.75% senior unsecured notes due December 19, 2022 (the “Notes”). [Read more]

CSV Midstream Solutions Announces Appointment of EVP Business Development and Commercial

CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) -- CSV Midstream Solutions (“CSV Midstream”) is pleased to announce today that Rick Staples has been appointed Executive Vice President of Business Development and Commercial, effective immediately. Rick brings over 30 years’ experience in the oil and gas industry to CSV Midstream. “I am thrilled that Rick will be joining our team,” said Daniel Clarke, President and CEO. “He shares our values and our focus on midstream project efficiency, and he [Read more]