BOE Report

Baytex Announces Closing of Peace River Acquisition

CALGARY, ALBERTA--(Marketwired - Jan. 20, 2017) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisition of $65 million (net of adjustments) was funded by drawing on Baytex's revolving credit facilities. The assets are located immediately adjacent to our existing Peace River lands, add approximately 3,000 boe/d of production [Read more]

Delphi Energy Corp. Announces Changes to Senior Management

CALGARY, ALBERTA--(Marketwired - Jan. 19, 2017) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is announcing changes to its leadership team effective immediately. John Behr has been promoted to Vice-President, Geosciences. Mr. Behr has been with the Company for over three years, most recently in the position of Manager, Geosciences. Mr. Behr has successfully analyzed, explored and exploited a wide variety of strategic assets within the Western Canadian Sedimentary Basin for over [Read more]

Anterra Announces Extension of CCAA Protection Until April 14, 2017

CALGARY, ALBERTA--(Marketwired - Jan. 19, 2017) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) announces that the Court of Queen's Bench of Alberta, Judicial Centre of Calgary (the "Court") has granted an extension until April 14, 2017 of the stay of proceedings granted in the Initial Order dated May 6, 2016 pursuant to which Anterra was granted creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"). The extension was supported by [Read more]

TransCanada Receives FERC Approval to Construct Leach XPress and Rayne XPress Projects

HOUSTON, TEXAS--(Marketwired - Jan. 19, 2017) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) announced today the Federal Energy Regulatory Commission (FERC) has issued an order approving the construction of the Leach XPress and Rayne XPress projects. The combined $1.8 billion investments will provide additional outlets to transport domestic, clean burning natural gas from the Marcellus and Utica production areas to higher-value Midwest and Gulf Coast markets. The issuing of the [Read more]

Pengrowth Announces Interim 2017 Capital Budget With Optimization and Development Capital Allocated to Its Lindbergh Thermal Project

CALGARY, ALBERTA--(Marketwired - Jan. 18, 2017) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that the Company's Board of Directors has approved an interim 2017 capital expenditure budget of $125 million. The interim nature of the budget reflects the current divestiture processes that are being pursued and the lack of visibility with respect to the capital programs associated with assets that may be sold. Upon the conclusion of these divestiture processes, and with the [Read more]

Kelt Provides Montney Land Holdings Update and Announces Closing of Karr Disposition for Gross Proceeds of $100 Million

CALGARY, AB --(Marketwired - January 18, 2017) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has completed its previously announced disposition of oil and gas assets in the Karr area of Alberta. The effective adjustment date of the disposition was January 1, 2017. Kelt received gross proceeds, prior to adjustments at closing, in the amount of $100.0 million, including $6.2 million which is being held in escrow subject to certain preferential rights. Funds in the amount of $6.2 [Read more]

Tamarack Valley Energy Ltd. Announces Operational Update, Record Fourth Quarter Production and Board Appointment

CALGARY, ALBERTA--(Marketwired - Jan. 18, 2017) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to provide an operational update, including confirmation of its record fourth quarter 2016 production volumes, and the appointment of Mr. John Leach to its Board of Directors. Operational Update During the quarter, Tamarack achieved record production that averaged approximately 11,453 boe/d (55% liquids) based on December field estimates, exceeding previous exit [Read more]

InPlay Oil Corp. Announces 2017 Capital Budget of $28 Million With Production Growth of Over 20%

CALGARY, AB--(Marketwired - January 17, 2017) - InPlay Oil Corp. ("InPlay" or "the Company") (TSX: IPO) (OTCQX: IPOOF) is pleased to announce that its Board of Directors has approved a $28 million Exploration and Development program for 2017 which is forecasted to deliver over 20% production per share growth from the fourth quarter of 2016 to the fourth quarter of 2017 (assuming all assets acquired and amalgamated on November 7, 2016 produced under InPlay for the full fourth quarter of 2016) [Read more]

Trinidad Drilling Ltd. Announces 2017 Capital Budget and Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 17, 2017) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Trinidad Drilling Ltd. (TSX:TDG) ("Trinidad" or "the Company") announced today that it expects to spend approximately $40 million in capital expenditures in 2017. The capital budget is comprised of anticipated maintenance capital of approximately $18 million and select upgrade projects totaling approximately $22 million. [Read more]

Cardinal Energy Ltd. Confirms Monthly Dividend for January

CALGARY, ALBERTA--(Marketwired - Jan. 17, 2017) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) confirms that a dividend of $0.035 per common share will be paid on February 15, 2017 to shareholders of record on January 31, 2017 with an ex-dividend date of January, 27, 2017. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income tax [Read more]