BOE Report

Gibson Energy announces 2022 second quarter results

CALGARY, AB - Gibson Energy Inc. announced today its financial and operating results for the three and six months ended June 30, 2022. "We are pleased to report another solid quarter from both an operational and financial perspective, with both the Infrastructure and Marketing segments performing in-line with our expectations," said Steve Spaulding, President and Chief Executive Officer. "Beyond our consistent financial results in the first half of 2022, we are pleased to have placed the [Read more]

Enbridge Reports second quarter 2022 financial results and announces $3.6 billion of newly secured projects this quarter

CALGARY, AB, July 29, 2022 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2022 financial results, reaffirmed its 2022 financial outlook and announced $3.6 billion of newly secured growth projects this quarter. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Second quarter GAAP earnings [Read more]

Pacific Energy and Enbridge announce partnership in Woodfibre LNG

VANCOUVER, BC, July 29, 2022 /PRNewswire/ - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project. Woodfibre LNG is a 2.1 million-tonne-per-year liquefied natural gas (LNG) export facility with 250,000M3 of floating storage capacity being built near Squamish, B.C. The project is underpinned by two long-term offtake [Read more]

Enerplus announces sale of certain Canadian assets

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has entered into a definitive agreement to sell certain Canadian assets (the "Assets") located in Alberta to Journey Energy Inc. ("Journey") for total consideration of CDN$140 million (US$109 million), prior to closing adjustments. Under the terms of the agreement, the total consideration comprises cash of CDN$81 million, 3.0 million common shares in Journey valued at CDN$14 million [Read more]

ARC Resources Ltd. reports record second quarter 2022 results

CALGARY, AB, July 28, 2022 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its second quarter 2022 financial and operational results. HIGHLIGHTS Second quarter 2022 production averaged 336,112 boe(1)(2) per day (60 per cent natural gas and 40 per cent crude oil and liquids). Cash flow from operating activities was $1,093 million and funds from operations was $1,030 million(3) ($1.52 per share)(4). Market diversification generated higher realized [Read more]

Competition Bureau takes action to protect competition in pipeline transportation for natural gas liquids in Western Canada

GATINEAU, QC - Yesterday, the Competition Bureau registered a consent agreement with the Competition Tribunal to address its concerns related to certain aspects of the proposed formation of a gas processing joint venture between Pembina Pipeline Corporation and KKR's Global Infrastructure Funds. In particular, the Commissioner had concerns with the acquisition of a 50% interest in the Key Access Pipeline System (KAPS) project resulting from the associated purchase of the remaining portion of [Read more]

Whitecap Resources Inc. reports strong second quarter results and record funds flow per share

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three and six months ended June 30, 2022. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis for the three and six months ended June 30, 2022 which are available at www.sedar.com and [Read more]

Pembina Pipeline Corporation announces receipt of final regulatory approval in respect of joint venture transaction with KKR

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) today announced that the Canadian Competition Bureau has issued a no-action letter for the joint venture transaction announced on March 1, 2022, between Pembina and KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity ("Newco") (the "Transaction"). Issuance of the no-action letter allows Pembina and KKR to proceed with next steps on [Read more]

Oil Sands to continue to grow but heightened energy security concerns have not yet boosted outlook

CALGARY, AB - While the Russian invasion of Ukraine has increased the incentive to raise Canadian oil sands production in the short-term, it has not fundamentally altered the production outlook over the longer-term, according to the latest forecast by the S&P Global Oil Sands Dialogue. The updated 10-year forecast expects Canadian oil sands production to reach 3.5 million barrels per day (MMbd) in 2030, an increase of about half a million barrels per day compared to 2021 production [Read more]

Crescent Point announces Q2 2022 results

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2022. KEY HIGHLIGHTS Generated approximately $380 million of excess cash flow in second quarter, allowing for increased returns to shareholders. Enhanced return of capital offering with an increased base dividend and an updated framework, as previously announced. Achieved strong IP30 rate of [Read more]