BOE Report

EQT announces $3.5 billion midstream joint venture with Blackstone Credit & Insurance

PITTSBURGH, Nov. 25, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) announced today that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance ("BXCI"), to form a new midstream joint venture (the "JV") consisting of EQT's ownership interest in high quality contracted infrastructure assets: (i) Mountain Valley Pipeline, LLC – Series A, (ii) FERC regulated transmission and storage assets, and (iii) the Hammerhead Pipeline.(1) Under the terms of the [Read more]

Enbridge Announces Conversion Results for Series 9 Preferred Shares

CALGARY, AB, Nov. 18, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 10 (Series 10 Shares) on December 1, 2024. After taking into account all conversion notices received from holders of its outstanding Series 9 Shares by the November 18, 2024 deadline for the conversion of the Series 9 [Read more]

Strathcona Resources Ltd. reports third quarter 2024 financial and operating results, provides 2025 guidance and announces quarterly dividend

CALGARY, AB, Nov. 13, 2024 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its third quarter 2024 financial and operational results and announced 2025 Guidance. The Board of Directors also declared a quarterly dividend of $0.25 per share to be paid on December 31, 2024 to shareholders of record on December 16, 2024.   Highlights Production of 178,235 boe/d (72% oil and condensate, 79% liquids)(1) Operating Earnings of $265.4 [Read more]

Waterous Energy Fund closes acquisition of 43.3% of the shares of Greenfire Resources Ltd.

CALGARY, AB, Nov. 11, 2024 /PRNewswire/ - Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships comprised of Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III (US) LP, Waterous Energy Fund III (International) LP, Waterous Energy Fund III (Canadian FI) LP and Waterous Energy Fund III (International FI) LP (collectively, "WEF"), announces that it has closed its previously announced acquisition of an aggregate of [Read more]

Ovintiv reports third quarter 2024 financial and operating results

Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 million Third quarter production was above the high-end of the guidance range on every product with average total production volumes of 593 thousand barrels of oil equivalent [Read more]

CNOOC Limited brings on-stream Long Lake NW Project in Canada

HONG KONG, Nov. 6, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Long Lake Northwest Project in Canada has commenced production safely. The project is located in Alberta, Canada. The main production facilities include a new well pad and 4 pipelines. It will be developed with steam-assisted gravity drainage (SAGD) operation and 8 well pairs are planned to be commissioned. The project is expected to achieve a [Read more]

Ernst & Young Inc. undertakes a sales and investment solicitation process for the assets of Plains Environmental Inc.

CALGARY, AB, Nov. 5, 2024 /CNW/ - Ernst & Young Inc., in its capacity as Court-Appointed Interim Receiver (the "Interim Receiver") of Plains Environmental Inc ("Plains"), is undertaking a sales and investment solicitation process ("SISP") for all current and future assets, undertakings and properties of Plains (the "Property") and the business presently carried on by Plains (the "Business"). Plains currently operates as a waste management and disposal business for oilfield services, [Read more]

Fortuna Operating and North Hudson Resource Partners announce Canadian expansion

Fortuna enters Canadian non-operated market with a drilling joint venture. HOUSTON, Texas, Nov. 4, 2024 /PRNewswire-PRWeb/ -- Fortuna Operating ("Fortuna"), the operating arm of North Hudson Resources Partners, LP ("North Hudson") non-operated investment platform, is pleased to announce a drilling partnership with a top-tier Canadian operator for working interest in a seven-well development program. The wells are located in the core of the Duvernay and Montney resource plays in Alberta, [Read more]

Enbridge Provides Notice of Series 9 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) (TSX: ENB.PF.A) on December 1, 2024. As a result, subject to certain conditions, the holders of the Series 9 Shares have the right to convert all or part of their Series 9 Shares on a one-for-one basis into Cumulative Redeemable [Read more]

Whitecap Resources announces closing of investment grade senior notes financing

CALGARY, AB , Nov. 1, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes have been issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness.  The Notes have [Read more]