BOE Report

Update: Plains Midstream Canada Responds to Release in Northern Alberta (7:00 p.m. MST)

CALGARY, ALBERTA--(Marketwired - June 15, 2013) - Plains Midstream Canada (Plains) continues to respond to a release on its six-inch, 79 kilometre Kemp pipeline system approximately 90 kilometres north west of Manning, Alberta. The pipeline system remains shut in and more than 40 workers are on site conducting containment and clean-up activities, supported by senior staff from Plains' Calgary office. The area affected by the condensate release measures approximately 100 meters by 150 metres [Read more]

Plains Midstream Responds to Pipeline Release in Northern Alberta

CALGARY, ALBERTA--(Marketwired - June 15, 2013) - Plains Midstream Canada (Plains) is responding to a condensate release on its Kemp pipeline system approximately 90 kilometres north west of Manning, Alberta. The Kemp pipeline system is a 6-inch diameter, 79 kilometer system that transports condensate and other natural gas liquids (NGL), a by-product of processed natural gas. Plains' emergency response procedures have been activated and the pipeline has been shut down. Response personnel [Read more]

Southern Pacific Provides May Operational Update: Successful High Pressure Steam Stimulation Test at STP-McKay

CALGARY, ALBERTA--(Marketwired - June 13, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of May, 2013 with respect to the Company's STP-McKay and STP-Senlac Thermal Projects. STP-McKay Thermal Project - High Pressure Steam Stimulation ("HPSS") During the month of May, the Company focused its operations on the successful implementation and completion of a High Pressure Steam Stimulation [Read more]

Rockbridge to Acquire Producing Properties in Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 13, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that its wholly owned subsidiary, RockBridge Energy Alberta Ltd., has entered into a formal purchase and sale agreement with the receiver of Avatar Energy Ltd. of Calgary, to purchase certain oil and gas properties in southern Alberta. The acquisition includes working interests from 25% to 95% in 6 wells producing a net of approximately [Read more]

Fraser Institute: Obama’s Green Agenda and U.S. Oil and Gas Boom Pose Hurdles for Canadian Energy Exports

CALGARY, ALBERTA--(Marketwired - June 13, 2013) - Key energy and environmental policymakers in U.S. President Barack Obama's second-term cabinet are likely to pursue an agenda that hinders Canada's plans to greatly increase energy production and exports, argues a new study from the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. "Obama's new 'Green Team' is expected to maintain the policy playbook from the President's first term: pushing for more aggressive [Read more]

TransCanada Disappointed with NEB’s Rejection of Mainline Tolls Decision Changes

CALGARY, ALBERTA--(Marketwired - June 12, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) has received the National Energy Board (NEB)'s decision to reject TransCanada's request for review and variance of the NEB's previous decision released March 27, 2013 related to TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline. On June 11, the NEB informed TransCanada that it is dismissing the company's review and variance application [Read more]

Relentless Resources Agrees to Acquire Alberta Assets in Exchange for Loverna Property

CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or the "Company") announced today that the Company has entered into an asset exchange agreement (the "Agreement") with an arm's length Calgary-based private oil and gas company ("Privateco") to assign all of the Company's petroleum and natural gas interests in south-western Saskatchewan in exchange for Privateco's interests in producing and undeveloped petroleum and natural gas properties [Read more]

Surge Energy Inc. Announces Strategic Transition to Sustainable Growth + Dividend Model; $240 Million Acquisition of Elite, Large OOIP, Crude Oil Asset; $225 Million Bought Deal Financing

Significant Increase to 2013 Production Exit Rate; and Significantly Larger Than Anticipated Dividend CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY) announced today the orderly transition / conversion of the Company to a sustainable, moderate growth, dividend paying oil and gas company with high quality, focused, operated light and medium gravity crude oil assets. Surge also announced an accretive acquisition of an elite, [Read more]

Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities

CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has renewed and extended its committed syndicated credit facilities and the lenders thereunder have confirmed a borrowing base of $165 million, an amount which remains unchanged from the prior year. The credit facilities are now fully revolving until June 25, 2014, with the provision for an annual extension at the option of the lenders and upon request from Zargon. If not extended, the credit [Read more]

Strata Oil Provides Regional Update Re Bitumen Production

CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SPIGF), today released a regional update on bitumen production in the Peace River and nearby Athabasca regions of Alberta. Strata Oil recently completed a resource evaluation on both its Cadotte Central and Cadotte West holdings, a step that brings the Company to the cusp of the completion of Phase 1 of a five phase plan to develop its 52,480 acre holdings. [Read more]