BOE Report

Virginia Hills Oil Corp. Announces Credit Facility Maturity

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2017) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) announces that its syndicated credit facility (the "Credit Facility") has matured and remains unpaid as of January 31, 2017. The failure to repay the approximate $95.6 million principal amount owing under the Credit Facility on January 31, 2017 constitutes an event of default under the Credit Facility and entitles the lenders to, among other things, enforce their [Read more]

Athabasca Oil Corporation Closes Transformational Acquisition of High Quality Thermal Oil Assets from Statoil ASA

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to announce the closing of the Thermal Oil asset acquisition from Statoil Canada Ltd. ("Statoil") establishing the Company as an intermediate oil weighted growth company with a low decline production base. The acquisition complements Athabasca's strategy and positions the Company for strong growth and financial sustainability: Light Oil: Defined and Material Growth [Read more]

Strategic Oil & Gas Ltd. Announces Closing of $5.75 Million Private Placement and Exercise of Agent’s Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2017) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce the closing of its previously announced brokered private placement offering (the "Private Placement") led by Paradigm Capital Inc. (the "Agent"), pursuant to which an aggregate of 47,916,600 Common Shares of the Company (each, a "Common Share"), including 6,249,933 Common Shares issued upon the exercise of the Agent's over-allotment option, were [Read more]

Epsilon Energy Ltd. Announces the Results of Its Consent Solicitation in Respect of Its 7.75% Convertible Unsecured Subordinated Debentures

HOUSTON, TEXAS--(Marketwired - Jan. 30, 2017) - Epsilon Energy Ltd. ("Epsilon" or the "Corporation") (TSX:EPS) announces that the holders of approximately $28 million principal amount of its 7.75% convertible unsecured subordinated debentures (the "Debentures") consented to the to the proposed amendments to the indenture for the Debentures (the "Indenture Amendments") to provide for the early payment of the cash amount payable in respect of the Debentures, including the principal amount together [Read more]

TGS commences first onshore seismic project in the Permian Basin

HOUSTON, TX--(Marketwired - Jan 30, 2017) - TGS announces commencement of field operations on the West Kermit 3D seismic survey in the Delaware Basin. This project will encompass a minimum of 150 square miles in Loving and Winkler Counties, TX. This high resolution 3D survey is designed to assist in the evaluation and development of multiple zone potential including highly productive Wolfcamp and Bone Spring intervals. Data Acquisition is expected to begin in early Q2 2017 with final [Read more]

AltaGas Celebrates Opening of North America’s Largest Battery Storage Facility

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2017) - Today, AltaGas Ltd. ("AltaGas") (TSX:ALA) celebrated the grand opening of its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California (the "Facility"). At 20 megawatts (MW) of electricity storage capacity, it is currently the largest battery storage facility in operation in North America. In addition to AltaGas constructing the Facility on-time and on-budget, the [Read more]

Midcoast Energy Partners, L.P. Declares Distribution for Fourth Quarter 2016; Announces Agreement for Affiliate to Acquire All Publicly Held Common Units

HOUSTON, TX--(Marketwired - Jan 27, 2017) - Midcoast Energy Partners, L.P. (NYSE: MEP) Quarterly Distribution Midcoast Energy Partners, L.P. (NYSE: MEP) ("MEP") announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.3575 per unit on all of its outstanding common and subordinated units, for the quarter ended December 31, 2016. The approved distribution remains unchanged from the previous quarter. The distribution is payable [Read more]

Enbridge Energy Partners, L.P. Declares Distribution for Fourth Quarter 2016; Announces 2017 Financial Outlook and Strategic Review Update

HOUSTON, TX--(Marketwired - Jan 27, 2017) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("EEP" or the "Partnership") announced today that the Board of Directors of the delegate of the Partnership's general partner has declared a quarterly cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis, on all of the Partnership's outstanding units for the quarter ended December 31, 2016. The approved distribution remains unchanged from the previous quarter. The distribution is [Read more]

Enbridge Announces Privatization of Midcoast Energy Partners LP and Provides Update on Enbridge Energy Partners Strategic Review

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) ("Enbridge" or the "Company") announced today that it has entered into a merger agreement through a wholly-owned subsidiary, whereby it will take private Midcoast Energy Partners LP ("MEP") by acquiring all of the outstanding publicly-held common units of MEP. Total consideration paid by Enbridge for these units will be approximately US$170 Million. MEP is the partial owner of Enbridge Energy Partners LP's [Read more]

TransCanada Applies for Keystone XL Presidential Permit

HOUSTON, TEXAS--(Marketwired - Jan. 26, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it has submitted a Presidential Permit application to the U.S. Department of State for approval of the Keystone XL (KXL) Pipeline. "This privately funded infrastructure project will help meet America's growing energy needs as well as create tens of thousands of well-paying jobs and generate substantial economic benefit throughout the U.S. and Canada," said [Read more]