BOE Report

Gibsons Announces Doubling of Storage Capacity at Edmonton

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) is pleased to announce that it has received committed customer support for the construction of two new 400,000 barrel crude oil storage tanks and related pipeline connection infrastructure at the Company's Edmonton Terminal. The new tanks, which are expected to be in-service by the second quarter of 2018, are underpinned by a long-term, [Read more]

Veresen Announces Closing of $650 Million of New Credit Facilities Within Veresen Midstream to Fully Fund Contracted Capital Projects Under Construction

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) today announced that Veresen Midstream has secured $650 million of new credit facilities which will be primarily used to fund Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities. Veresen Midstream's $650 million of new credit facilities is comprised of: New US$150 million Senior Secured Term Loan B, in addition to the existing [Read more]

Suncor Energy and Fort McKay First Nation announce agreement for equity partnership in East Tank Farm Developments

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Suncor and Fort McKay First Nation today announced the signing of a participation agreement for the purchase and sale of a 34.3% equity interest in Suncor's East Tank Farm Development to Fort McKay First Nation. Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of [Read more]

Granite Oil Corp. Announces Drilling Update

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an update with respect to its recently commenced five well development drilling program that will be carried out in the second half of 2016. Granite has invested significantly in the gas injection Enhanced Oil Recovery ("EOR") scheme on its 100% owned and operated Bakken oil pool in 2016, taking advantage of low equipment costs and natural gas prices to [Read more]

Bonavista Energy Corporation Announces Strategic Asset Exchange

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista" or the "Company") is pleased to announce that it has entered into an agreement to acquire certain liquids rich natural gas weighted properties (the "Acquired Assets") located within its Deep Basin and West Central Alberta core regions in exchange for properties within its non-core region located in northeastern British Columbia (the "Divested Assets"). This asset exchange has an effective date [Read more]

Enbridge and Spectra Energy to Combine to Create North America’s Premier Energy Infrastructure Company with C$165 Billion Enterprise Value

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - Sept. 6, 2016) - Highlights: Creates largest energy infrastructure company in North America with C$1651 billion (US$127 billion) enterprise value Anticipated 15 percent annualized dividend increase in 2017 and annual 10-12 percent dividend growth thereafter through 2024. Industry leading secured project and risked development inventory of C$74 billion (US$57 billion) with C$26 billion (US$20 [Read more]

Kaymus Resources Inc. Announces Closing of Non-brokered Private Placement and Shares for Debt Transaction

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Kaymus Resources Inc. (the "Company") (NEX:KYS.H) announces that it has completed its previously announced non-brokered private placement of 4,600,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $230,000. Each Unit is comprised of one common share (a "Common Share"), and one Common Share purchase warrant (a "Warrant") with an exercise price $0.05 per warrant, expiring 24 months from the date of grant (the "Offering"). [Read more]

Questfire Energy Corp. Defers Semi-Annual Borrowing Base Redetermination to September 15, 2016

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2016) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces that its syndicate of lenders has agreed to defer the semi-annual borrowing base redetermination under the Corporation's credit facilities from August 31, 2016 to September 15, 2016. This deferral is accompanied by a reduction in the available aggregate borrowing base under such facilities from $45 million to $44.5 million. As of August 31, [Read more]

Enbridge Energy Partners, L.P. Announces Anticipated Joint Funding Arrangement Terms for Bakken Pipeline System Investment and Long-Term Deferral of Sandpiper Project

HOUSTON, TX--(Marketwired - Sep 1, 2016) -  Enbridge Energy Partners, L.P. (NYSE: EEP) HIGHLIGHTS Enbridge Energy Partners, L.P. ("EEP" or the "Partnership") today announced that its affiliate will withdraw regulatory applications pending with the Minnesota Public Utilities Commission associated with the Sandpiper project. EEP plans to defer the implementation of the Sandpiper project beyond EEP's current five-year planning horizon. [Read more]

Enbridge Inc. Announces Deferral of Sandpiper Project and Reaches Tentative Joint Funding Arrangement With Enbridge Energy Partners, L.P. on Its Bakken Pipeline Investment

CALGARY, ALBERTA--(Marketwired - Sept. 1, 2016) - HIGHLIGHTS Enbridge Inc. ("Enbridge" or the "Company") announced its affiliate will withdraw regulatory applications pending with the Minnesota Public Utilities Commission associated with the Sandpiper project Enbridge Energy Partners, L.P. ("EEP") plans to defer implementation of Sandpiper beyond the Company's current five-year planning horizon The Company has negotiated a tentative joint funding arrangement with EEP through which [Read more]