BOE Report

Petrus Resources Provides Operational Update and Announces 2015 Capital Budget and Director Appointment

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to provide an operational update and information on its 2015 capital budget and a change to the Board of Directors. OPERATIONS UPDATE Petrus exited 2014 with record production of 11,200 boe/d (54% natural gas), an increase over the 2013 exit rate of 4,052 boe/d (58% natural gas). In addition, Petrus exited the year with an additional 800 boe/d of productive capacity from new wells [Read more]

Natural Gas Producers Support Seismicity Regulations, Monitoring

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - New regulatory requirements and additional seismic monitoring in the Duvernay region of Alberta will support increased understanding of the link between hydraulic fracturing and seismic activity, the Canadian Association of Petroleum Producers (CAPP) said today. "The public has questions about seismicity associated with industrial development and it is important these questions are addressed," said Brad Herald, CAPP vice-president of Western [Read more]

Baytex Announces Revised 2015 Budget and Amendments to Bank Credit Facilities

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a revised 2015 capital budget of $500 to $575 million, down from an initial 2015 capital budget of $575 to $650 million. Baytex also announces amendments to the financial covenants contained in its bank credit facilities which will provide the company with increased financial flexibility. Commenting on the announcement, James Bowzer, [Read more]

StonePoint Energy Inc. Provides 2014 Year-End Reserves

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or "the Company") is providing a summary of its 2014 year-end reserves. HIGHLIGHTS 399% increase in Proved plus Probable ("2P") gross reserves from 444.8 Mboe at year end 2013 to 2,217.9 Mboe. Total Proved ("1P") gross reserves increased 270% from 278.0 Mboe at year end 2013 to 1,028.9 MMboe. Proved Developed Producing ("PDP") gross reserves increased from 37.6 Mboe at year [Read more]

Zargon Oil & Gas Ltd. Announces 2014 Year End Reserves and Provides a Little Bow ASP Project Update

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) announces 2014 year end reserves and provides a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary oil recovery project update. Zargon intends to release its 2014 audited financial results on March 10, 2015, after market close. 2014 YEAR END RESERVES: Reflecting a transition year of property sales and refocus, Zargon's 2014 year end proved and probable total [Read more]

Bonterra Energy Corp. Provides an Operations Update and Announces Its Corporate Reserves Information

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Bonterra Energy Corp. (Bonterra or the Company)(www.bonterraenergy.com) (TSX:BNE) is pleased to provide an operational update as well as the results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2014. Operational Highlights Record average daily production for the full year of 13,195 barrels of oil equivalent (BOE) per day (71 percent oil and liquids), an increase of 8 [Read more]

Strategic Oil & Gas Ltd. Provides Operations Update

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Strategic Oil & Gas Ltd. ("Strategic", or the "Company") (TSX VENTURE:SOG) announces that, in response to the recent downturn in commodity prices, the Company has made several changes to its cost structure and capital spending programs to preserve financial flexibility and enhance profitability: The Company prudently elected to stop the winter Muskeg drilling program in order to preserve capital. One Muskeg horizontal well (13-31) was [Read more]

Enbridge Reports 2014 Results

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Fourth quarter earnings were $88 million; earnings for the full year were $1,154 million. Quarterly and full year earnings included the impact of a number of unusual, non-recurring or non-operating factors Fourth quarter and full year adjusted earnings were $409 million and $1,574 [Read more]

Inter Pipeline Announces Record 2014 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today financial and operating results for the three and twelve month periods ended December 31, 2014. 2014 Highlights Generated record funds from operations* of $564 million, a 19 percent increase over 2013 results Declared cash dividends of $423 million or $1.32 per share Annual payout ratio* of 77 percent Announced an $0.18 annualized dividend increase, the largest single [Read more]

SPN Quarry Project & LNG Updates

VANCOUVER, BC--(Marketwired - February 19, 2015) - Highbank Resources Ltd. (the "Company"), (TSX VENTURE: HBK). Victor N. Bryant, CEO/President reports: "A crew at Swamp Point North ("SPN") has recently returned to the site and is active clearing snow, upgrading and maintaining roads, and logging/clearing further quarry area for stockpiles. Khtada Environmental Services LP monitoring personnel were on site last week taking samples in compliance with our Mines Act Permit. A supply barge left the [Read more]