BOE Report

Baytex Announces Management Appointments

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces that after eight years of service, W. Derek Aylesworth, the company's Chief Financial Officer, has advised that he intends to retire in June 2014. The Board of Directors are pleased to announce the hiring of Mr. Rodney D. Gray to succeed Mr. Aylesworth upon his retirement. Mr. Gray will join Baytex in April 2014. Mr. Gray joins Baytex with over twenty years' experience in the oil [Read more]

Tourmaline Oil Corp. Achieves Record Cash Flow and Earnings Growth in 2013

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (41%), production (47%) and cash flow(1) (88%) in 2013 while delivering strong profitability. The Company posted significant after-tax earnings of $148.1 million for the 2013 fiscal year. Highlights Record full year after tax earnings of $148.1 million ($0.79 per diluted share), an 854% increase over 2012, and record quarterly after tax [Read more]

Magnum Energy Inc. Announces Delay to Closing of Provost

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that closing of the previously announced transaction with Artisan Energy Corporation ("Artisan") to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset") for proceeds of $5.6 million has been deferred from March 14, 2014 to March 31, 2014 to allow Artisan additional time to finalize its financing. No further extensions to [Read more]

Altima Announces Chambers 5-35-41-11 W5M Well Drilled and Cased

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 17, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was drilled to a Total Depth (TD) of 3,158 meters Measured Depth, casing set to TD, and Rig Released (RR) on March 16, 2014. As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. [Read more]

Crescent Point Energy Announces Appointment of New Board Member

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the appointment of Robert Heinemann to its board of directors. Mr. Heinemann is the former President and CEO of Berry Petroleum Company, a role he held from 2004 until 2013, and a former vice president of Halliburton Company and Mobil Corporation. He holds a Bachelor of Education degree in chemical engineering, as well as a Doctor of [Read more]

Whitecap Resources Inc. Announces Acquisition of Strategic Long Life, Low Decline Light Oil Assets, $500 Million Financing, Increased Dividend by 10% and Increased 2014 Guidance

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase certain strategic light oil assets focused primarily in Whitecap's Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast BC, which is located just northwest of its core Valhalla area. Total net consideration is $692.7 million after giving effect to the disposition of certain Nisku [Read more]

Southern Pacific Improves Production Rates at STP-McKay With Inflow Control Devices

CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced an operational update highlighted by continued positive results from its inflow control devices ("ICD") recently installed into the 2P1 and 1P5 well pairs at its STP-McKay Thermal Project. Total Corporate Production Total corporate production, which includes bitumen production from STP-McKay Phase 1 and heavy oil production from STP-Senlac, [Read more]

Terra Energy Closes Final Tranche of Private Placement of Units and Flow-Through Shares

CALGARY, ALBERTA--(Marketwired - March 14, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has closed the second and final tranche of its the recently announced non-brokered private placement offering (the "Offering") pursuant to the issuance of: (i) 645,000 units of the Company ("Units") at a price of $0.40 per Unit; and (ii) 600,000 common shares of the Company issued on a "flow-through" basis ("Flow-Through Shares") at a price of $0.40 per [Read more]

Tamarack Valley Energy Ltd. Announces 67% Increase to Reserves and Exceeds 2013 Production Guidance with Record Production and Cash Flow

CALGARY, ALBERTA--(Marketwired - March 13, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the results of its independent reserve evaluation as of December 31, 2013, which include a 67% increase in proved plus probable reserves to 18.684 mmboe, a proved plus probable finding and development cost of $17.57/boe and a recycle ratio of 2.3. The Company is also pleased to announce a record quarter production average of 4,336 boe/d for the [Read more]

Baytex Reports Record Production and Funds from Operations and Strong Reserve Growth for 2013

CALGARY, ALBERTA--(Marketwired - March 13, 2014) - Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) ("Baytex") reports its operating and financial results for the three months and year ended December 31, 2013 (all amounts are in Canadian dollars unless otherwise noted). "2013 was an exceptional year as Baytex delivered its highest level of funds from operations and reached a record level of annual production while growing proved plus probable reserves by 9%, all in a challenging year for heavy oil [Read more]