BOE Report

Chinook Energy Clarifies AER Pipeline Performance Report

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") today clarified the recent Alberta Energy Regulator ("AER") Pipeline Performance Report (the "Report") published on the AER's new webpage www.aer.ca/data-and-publications/pipeline-performance and laid out a balanced set of facts as a result of the punitive and inaccurate rating imposed on Chinook by the AER's calculations contained in the Report. On February 21, 2017, the AER launched [Read more]

Strad Energy Services Completes Acquisition in Canada’s Most Active Oil and Gas Region

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) is pleased to announce the successful completion of the acquisition (the "Acquisition") of two private companies based in Fort St. John, British Columbia. The surface rental equipment and personnel of these two private companies will immediately be combined with Strad, which operates one of the newest, largest and most diverse fleets of rental equipment in the Deep Basin from key [Read more]

TransCanada Launches Open Season on Revised Mainline Tolling Option

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has launched an Open Season for binding commitments on a revised, long-term, fixed-price proposal to flow natural gas along the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in Southern Ontario. The launch of this Open Season follows ongoing discussions with Western Canadian Sedimentary Basin (WCSB) producers, and is expected [Read more]

AltaGas Ltd. Announces Closing of $300 Million Preferred Share Offering

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it has closed its previously announced public offering of 12,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable Preferred Shares, Series K (the "Series K Preferred Shares"), at a price of $25.00 per Series K Preferred Share (the "Offering") for aggregate gross proceeds of $300 million. The Offering was first announced on February 13, 2017 when AltaGas entered into an agreement with a [Read more]

Blackbird Energy Inc. Enters Into Letter of Intent to Acquire Elmworth / Pipestone Lands From Paramount Resources, Increasing Montney Land Holdings to 115 Gross Sections (99.9 Net)

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce that it has entered into a letter of intent with Paramount Resources Ltd. ("Paramount") for the acquisition of 13 gross sections of Montney rights (3.1 net) for total consideration of 5 million Blackbird common shares (the "Paramount Acquisition"). These lands (the "Acquisition Lands") are contiguous with Blackbird's existing lands and will, upon [Read more]

Granite Oil Corp. Announces Record 2016 Year End Reserve Metrics and Operational Update

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the "Sproule Report") prepared by Sproule Associates Limited ("Sproule") with an effective date of December 31, 2016. During 2016, Granite invested approximately $21.5 million of estimated capital expenditures (unaudited), all organically, into its 100%-owned Bakken asset. This represents a 48% [Read more]

Crew Energy Inc. Announces Proposed Offering of Senior Unsecured Notes and the Conditional Redemption of All Outstanding 8.375% Senior Unsecured Notes Due 2020

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") today announced that it intends to offer for sale (the "Offering") senior unsecured notes due 2024 (the "2024 Notes"). Crew intends to offer the Notes in each of the provinces and territories of Canada and in the United States on a private placement basis through a syndicate of underwriters, without the filing of a prospectus or registration statement. Subject to [Read more]

Veresen Announces Sale of Power Business for $1.18 Billion

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - Veresen Inc. ("Veresen") (TSX:VSN) is pleased to announce it has entered into a suite of separate agreements to sell its power generation business for $1.18 billion. "The sale of our power business is an important milestone in the delivery of our long-term business strategy, and we are very pleased with the outcome," commented Don Althoff, President and CEO of Veresen. "The $1.4 billion of contracted capital projects in our core natural gas [Read more]

Pengrowth Announces Plan to Reduce Outstanding Debt by $530MM Through Retirement of $127MM of Convertible Debentures and the Prepayment of US $300MM of the 6.35% Senior Notes Due July 26, 2017

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce its plan to reduce its outstanding debt through the use of existing cash on hand. Following the closing of the four percent non-convertible gross overriding royalty on Lindbergh on January 6, 2017, the Company's cash position was approximately $530 million. Pengrowth intends to use the cash on hand to retire the $127 million of convertible debentures, on maturity on March [Read more]

TransGlobe Energy Corporation Announces an Operations Update

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL)(NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. ARAB REPUBLIC OF EGYPT EASTERN DESERT North West Gharib, Arab Republic of Egypt (100% working interest, operated) The Company is pleased to provide an update on the NWG exploration and development activities. NWG 38 [Read more]