BOE Report

Whitecap Resources Inc. closes previously announced XTO acquisition consolidating top tier Montney and Duvernay assets, and increases production guidance

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced acquisition of XTO Energy Canada (the "Acquisition"). The closing of the Acquisition adds production1 of approximately 32,000 boe/d (30% condensate and NGLs) and over 2,000 top tier Montney and Duvernay drilling locations2 that will provide decades of long-term sustainable production and free funds flow growth. The Acquisition also [Read more]

Pembina Pipeline Corporation provides notice of Series 15 preferred share conversion right and announces reset dividend rates

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 15 ("Series 15 Shares") (TSX: PPL.PR.O) on September 30, 2022. As a result, and subject to certain terms of the Series 15 Shares, the holders of the Series 15 Shares will have the right to elect to convert all or part of their Series 15 [Read more]

Gibson Energy announces renewal of normal course issuer bid

CALGARY, AB - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX: GEI), announced today the renewal of its Normal Course Issuer Bid ("NCIB"). Gibson's Board of Directors has approved a renewal of the Company's NCIB, and the Toronto Stock Exchange (the "TSX") has accepted Gibson's notice of intention to commence its NCIB for an additional one-year period.  This enables the Company to purchase and cancel up to 7.5%, or 8,760,553, of the public float for the issued and outstanding common [Read more]

Pembina announces appointment of Cameron Goldade as Chief Financial Officer and discloses board chair succession planning

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) today announced that it has named Cameron Goldade as the Company's Chief Financial Officer. This appointment concludes the previously announced executive search process undertaken by the Company. Mr. Goldade was appointed the Company's interim CFO in November 2021 and previously served as Vice President of Capital Markets. "We are very pleased to announce that Cam Goldade has been appointed CFO of [Read more]

“Mr. Trudeau: The business case for Quebec gas is crystal clear.” Utica Resources CEO responds to Prime Minister following German Chancellor’s visit

MONTREAL - In response to remarks by Prime Minister of Canada Justin Trudeau, made during German Chancellor Scholz's recent visit to Canada, that there needed to be a business case for Canada to export natural gas to Europe, Mario Levesque, CEO of Utica Resources said: "The business case for Quebec gas is crystal clear. Quebec has enormous quantities of natural gas (about 20% of Canada's total recoverable gas), enough to replace all Russian imports into Germany for 20 to 40 years.  As Mr. [Read more]

Pacific Canbriam acquires additional Montney lands in British Columbia

CALGARY, AB, Aug. - Pacific Canbriam Energy Limited ("Pacific Canbriam" or "the Company") is pleased to announce that it has completed the acquisition of 47,025 net acres of Montney rights in the Altares, Attachie, and Portage areas of northeast British Columbia. The acquisition increases the Company's total Montney land holdings to 224,805 net acres and represents a 26 per cent increase to its total acreage. Pacific Canbriam is strategically positioned in northeast British Columbia to supply [Read more]

US oil and gas independents seek investor favor, return $18.1 billion to shareholders in 2021

US oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY US oil and gas reserves, production and ESG benchmarking study. The study documents how the industry's 50 largest publicly traded exploration and production (E&P) companies (based on year-end 2021 US oil and gas reserves) responded to higher commodity [Read more]

Whitecap Resources Inc. confirms monthly dividend for August of $0.0367 per share

CALGARY, AB -  Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0367 per common share in respect of August operations will be paid on September 15, 2022 to shareholders of record on August 31, 2022.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.  Our business is focused on profitable [Read more]

Pembina Pipeline Corporation announces closing of transaction and creation of Pembina Gas Infrastructure

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) is pleased to announce that it has completed its previously announced joint venture transaction with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity, Pembina Gas Infrastructure Inc. ("PGI"). "We are excited to officially announce the creation of PGI, a premier gas processing entity in Western Canada that will provide incredible [Read more]

Enerplus announces renewal of normal course issuer bid

CALGARY,  AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced acceptance by the Toronto Stock Exchange (the "TSX") of its notice to commence a normal course issuer bid (the "Bid"). Pursuant to the Bid, Enerplus proposes to purchase through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems, from time to time over the next 12 months, if considered advisable, up to 23,140,231 common shares, being 10% of the public [Read more]