BOE Report

Cenovus delivers strong operational performance in 2016

CALGARY, AB--(Marketwired - February 16, 2017) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong, safe and reliable operating performance in 2016. The company increased its oil sands production compared with 2015 and achieved further cost efficiencies, including decreased operating and general and administrative (G&A) expenses as well as lower oil sands sustaining capital costs. The sustaining capital improvements have contributed to lower future development costs for Cenovus's [Read more]

Encana delivers strong fourth quarter and full-year 2016 results; company on track to grow corporate margin and crude and condensate production in 2017

CALGARY, AB--(Marketwired - February 16, 2017) - (TSX: ECA) (NYSE: ECA) Encana delivered strong performance across its business in the fourth quarter, positioning itself to create value and return to growth in 2017. Throughout 2016, Encana grew quarter-over-quarter non-GAAP cash flow, significantly lowered costs, strengthened its balance sheet and continued to deliver better wells at lower cost in each of its core assets. The company reached its planned 2017 activity level in the fourth [Read more]

Blackbird Energy Inc. Closes Land Acquisition from Paramount Resources

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is pleased to report that it has closed the previously announced acquisition (the "Acquisition") of 8 gross sections of Montney rights (2.8 net) (the "Acquisition Lands") from Paramount Resources Ltd. ("Paramount") pursuant to the terms of a purchase and sale agreement dated February 2, 2017. The Acquisition is effective February 1, 2017. Blackbird issued an aggregate of 5,000,000 common [Read more]

Range Energy Enters into Secured Convertible Loan Arrangements with two Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Range Energy Resources Inc. (the "Company") (CSE:RGO)(CSE:RGO.CN)(FRANKFURT:YGK) is pleased to announce that it has entered into loan agreements dated February 14, 2017 (the "Loan Agreements") with each of Gulf LNG America, LLC ("Gulf") and Harrington Global Opportunities Fund S.A.R.L. ("Harrington"). Gulf and Harrington [Read more]

Petrocapita Announces Closing of Acquisition of Twin Butte Energy Assets

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Petrocapita Income Trust (CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita" or the "Trust") announces that it has closed a Purchase and Sale Agreement ("PSA") on February 13, 2017 for 10 wells and associated production equipment in the Kitscoty area of Alberta from Twin Butte Energy Ltd. ("Twin Butte") through Twin Butte's Receiver Manager, FTI Consulting Canada Inc. ("FTI") for $21,825.29 (plus or minus any adjustments pursuant to the PSA post-closing). [Read more]

TransCanada Appoints New Independent Director

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced the appointment of a new independent director, Stéphan Crétier, effective February 17, 2017. Since 1999, Mr. Crétier has been chairman of the board, president and chief executive officer of Garda World Security Corporation and its principal subsidiaries. Mr. Crétier has previously served as a director of ORTHOsoft, Inc. from August 2004 to November [Read more]

Enbridge Inc. and Enbridge Energy Partners, L.P. Close Bakken Pipeline System Acquisition

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) and Enbridge Energy Partners, L.P. (NYSE:EEP) (EEP) announced today that the previously disclosed transaction to acquire an effective 27.6 percent interest in the Bakken Pipeline System (Bakken Pipeline or the System) has closed as final conditions have now been met. The System consists of the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, both of which [Read more]

Enbridge Energy Partners, L.P. Closes Bakken Pipeline System Acquisition

HOUSTON, TX--(Marketwired - Feb 15, 2017) - Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP) announced today that its previously disclosed transaction to acquire an effective 27.6 percent interest in the Bakken Pipeline System (Bakken Pipeline or the System) has closed as final conditions have now been met. The System consists of the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, both of which will be operated by Energy Transfer Partners, L.P., and connects [Read more]

Gear Energy Ltd. Announces Fourth Quarter and Full Year 2016 Operating Results

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following fourth quarter and year-end operating update to shareholders. For more information in conjunction with this release, please refer to Gear's Annual Audited Financial Statements, Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2016 and 2015, and 2016 Reserves Press Release titled "Gear Energy Ltd. Announces Year-End Reserves", [Read more]

Gear Energy Ltd. Announces Year-End Reserves

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the following results and analysis of its 2016 year-end independent reserve report prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). In 2016 Gear invested $71.7 million (unaudited) consisting of $14.4 million of development capital and $57.3 million in acquisition and divestiture ("A&D") activity. The development capital represented one-half of operating cash flow [Read more]