BOE Report

Enbridge Acquires Montney Natural Gas Assets from Murphy Oil Corp.

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (the "Company") today announced the $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from the Canadian subsidiary of Murphy Oil Corporation (Murphy) (NYSE:MUR). "This acquisition fits extremely well with Enbridge's low risk value proposition and supports our key priority of extending and diversifying growth," said C. Gregory Harper, President of [Read more]

Athabasca Oil Announces C$475 Million (Net) Light Oil Joint Venture With Murphy Oil and Exceeds 2015 Corporate Exit Guidance

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") announces that it has entered into an agreement with Murphy Oil Company Ltd. (Canadian subsidiary to Murphy Oil Corporation, "Murphy") to form a strategic joint venture (the "transaction") to develop the Duvernay and Montney in the Kaybob area. Transaction highlights: Greater Kaybob Assets. Athabasca is selling a 70% working interest in production, acreage and [Read more]

High North Resources Ltd. Announces That It Will Not Oppose the Appointment of a Receiver

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") announces that the Company's principal secured lender, ATB Financial has served it with demands for the repayment of all indebtedness owed to it by High North, along with s. 244 Notices of Intention to Enforce Security pursuant to the Bankruptcy and Insolvency Act. ATB Financial is applying to place the Company into Receivership and High North will be consenting to this [Read more]

Saturn Minerals Inc. Announces Update on Bannock Creek Drilling Program

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that its oil exploration well 9A-5-44-8w2 has reached a vertical depth of 583 meters. Formation tops were confirmed and correlated to the sequence stratigraphy with the Company's known geophysical data where formations requiring additional wellbore integrity have been identified. Significantly, the Company has identified the dense [Read more]

Eagle Energy Trust Announces Closing of Arrangement with Maple Leaf Royalties Corp. and Conversion into a Corporation

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Eagle Energy Trust (the "Trust" or "Eagle") (TSX:EGL.UN) and Maple Leaf Royalties Corp. ("Maple") (TSX VENTURE:MPL) are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") whereby Eagle has acquired all of the issued and outstanding common shares of Maple and converted into a corporation called "Eagle Energy Inc.". The common shares of Eagle Energy Inc. are listed on the Toronto Stock Exchange [Read more]

Leucrotta Increases Liquids-Rich Montney Development Inventory

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that as a result of recent land acquisitions and corresponding delineation, the Company has increased its Montney development drilling inventory to 160 gross (128 net) drilling locations from the previously disclosed 78 gross (70 net) drilling locations in the highly prolific Lower Montney Turbidite play. The acquired lands are adjacent to the [Read more]

Manitok Energy Inc. Announces Closing of the Second Tranche of Its Private Placement and Raising a Combined Gross Process of $10.5 Million

CALGARY, ALBERTA--(Marketwired - Jan. 26, 2016) - Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that on January 26, 2016, Manitok has closed the second tranche of its previously announced best-efforts private placement offering of common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.13 per Common Share and Common Shares ("Flow-through Shares" and together with the Common Shares, the "Offered Shares") issued on a [Read more]

Anderson Energy Inc. Announces Details Related to Repayment of Series A Debentures on January 31, 2016

CALGARY, ALBERTA--(Marketwired - Jan. 26, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that pursuant to the Maturity Notice delivered to debentureholders on December 18, 2015, and as previously disclosed, the Company has exercised its right under the terms of the indenture governing the Company's 7.50% Series A convertible unsecured subordinated debentures maturing on January 31, 2016 (the "Series A Debentures") to repay both the entire principal and the accrued [Read more]

Industrial Market Outlook in Review: What to Expect From the Midstream Natural Gas Market, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 26, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- At Industrial Info's recent Market Outlook & Networking Event, held January 19 in Houston, one of the most frequently asked questions from the audience was "How relevant are proposed liquefied natural gas (LNG) projects in light of lower LNG prices?" Shane Mullins, Industrial Info's vice president of product development for energy markets, sought to answer this and other questions at [Read more]

DXI Energy Retires All Commercial Bank Credit

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 25, 2016) - DXI Energy Inc. (TSX:DXI)(NYSE MKT:DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced that it has eliminated its longstanding bank debt and retired its credit facility with a Canadian chartered bank, complete with return of all collateral and annulment of restrictive contract [Read more]