BOE Report

Tenaz Energy Corp. opens the market

TORONTO - Anthony Marino, President and Chief Executive Officer, Tenaz Energy Corp. ("Tenaz" or the "Company") (TSX: TNZ), and his team joined Berk Sumen, Head, Company Services, Toronto Stock Exchange (TSX), to celebrate the company's graduation from TSX Venture Exchange to Toronto Stock Exchange and to open the market. Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex [Read more]

Hammerhead Resources Inc. announces production results for 2022, expanded credit facility, operational update and business combination update

CALGARY, AB - Hammerhead Resources Inc. ("Hammerhead" or the "Company") announces record operating results in 2022 with annual average production of 32,100 boe/d (approx. 43% liquids), representing 15% growth over 2021. In the month of January, 2023, the Company reported a realized record peak production rate of over 41,000 boe/d (49% liquids) and average production for the first 10 days of January of 39,050 boe/d (50% liquids), following the recent start-up of a 9-well pad at North Karr. [Read more]

Kiwetinohk Energy Corp. opens the market

TORONTO - Pat Carlson, Chief Executive Officer, Kiwetinohk Energy Corp. (TSX: KEC), and his team joined Berk Sumen, Head, Company Services, Toronto Stock Exchange (TSX), to open the market and celebrate the Company's new listing to Toronto Stock Exchange. Kiwetinohk's mission is to build a profitable energy transition business providing clean, reliable, dispatchable, affordable energy. Kiwetinohk develops and produces natural gas and related products and is in the process of developing [Read more]

Hammerhead and Decarbonization Plus Acquisition Corporation IV announce filing of definitive proxy statement and the January 23, 2023 shareholders’ meeting to approve proposed business combination

MENLO PARK, Calif. and CALGARY, AB, - Decarbonization Plus Acquisition Corporation IV (NASDAQ: DCRD, DCRDW, DCRDU) ("DCRD"), a publicly-traded special purpose acquisition company, announced today that DCRD's definitive proxy statement (the "Proxy Statement") relating to the previously announced business combination with Hammerhead Resources Inc. ("Hammerhead"), an oil and natural gas exploration, development and production company, has been filed with the U.S. Securities and Exchange Commission [Read more]

Whitecap Resources Inc. accelerates return of capital with $419 million in dispositions and a 32% dividend increase

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has entered into three definitive agreements to dispose of certain non-strategic assets, effective October 1, 2022 for aggregate consideration of $419 million, consisting of $394 million in cash and producing assets that consolidate working interest in our operated Butte, Saskatchewan core area. Current production from the disposed assets is approximately 11,000 boe/d1 and is expected to [Read more]

Pembina Pipeline Corporation announces 2023 guidance, business update and sale of KAPS interest

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today its 2023 financial guidance and a business update, including the sale of Pembina Gas Infrastructure's ("PGI") interest in the Key Access Pipeline System ("KAPS"). Highlights 2023 adjusted EBITDA guidance of $3.5 to $3.8 billion and a 2023 capital investment program of $730 million. The midpoint of the guidance range reflects an approximately five percent increase in adjusted [Read more]

Crescent Point acquires Kaybob Duvernay assets from Paramount Resources and increases base dividend by 25%

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce it has entered into an agreement to acquire additional Kaybob Duvernay assets and is increasing its base dividend. KEY HIGHLIGHTS Kaybob Duvernay acquisition adds 130 net locations and increases drilling inventory in the play to over 20 years. Increasing first quarter 2023 base dividend by 25 percent to $0.10 per share, or $0.40 per share annually. Excess cash [Read more]

Gibson Energy Announces 2023 Capital Budget

CALGARY, AB, Dec. 5, 2022 /PRNewswire/ - Gibson Energy Inc. announced today its target for growth capital expenditures(1) in 2023 of between $100 million and $125 million, depending on the timing of the sanction of certain growth opportunities. Additionally, the Board of Directors has approved the allocation of between $30 million and $35 million in replacement capital expenditures(1) in 2023. "We continue to advance discussions with several customers for the sanction of additional [Read more]

The Canada Energy Regulator releases Crown Consultation and Accommodation Report for the NGTL West Path Delivery 2023 Project

CALGARY, AB, Dec. 1, 2022  /CNW/ - The Canada Energy Regulator (CER), in its role as Crown Consultation Coordinator, released the Crown Consultation and Accommodation Report for the NOVA Gas Transmission Ltd. (NGTL) West Path Delivery 2023 Project. The Crown Consultation and Accommodation Report summarized consultation with potentially affected Indigenous communities. The CER consulted with 25 Indigenous communities over two years. The Crown Consultation Coordinator recommended changes to [Read more]