BOE Report

Freeport LNG restores service to its third LNG storage tank

HOUSTON, May 21, 2025 /PRNewswire/ -- Freeport LNG Development, L.P. (Freeport LNG) today announced that the third of the company's three LNG storage tanks has been returned to service with the approval of the Pipeline and Hazardous Materials Safety Administration and the Federal Energy Regulatory Commission.  The storage tank had been offline for nearly three years after LNG piping to the tank was damaged in the June 8, 2022 incident at Freeport LNG's natural gas liquefaction and LNG export [Read more]

Strathcona Resources Ltd. Announces Intention to Commence Take-Over Bid to Acquire MEG Energy Corp.

CALGARY, AB, May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") announced today that it intends to commence a take-over bid for MEG Energy Corp. (TSX: MEG) ("MEG"), pursuant to which Strathcona will offer (the "Offer") to acquire all of the issued and outstanding common shares of MEG ("MEG Shares"), not already owned by Strathcona or its affiliates, for 0.62 of a common share of Strathcona ("Strathcona Shares") and $4.10 in cash per MEG Share. Based on the closing share price [Read more]

Strathcona Resources Ltd. Reports First Quarter 2025 Financial and Operating Results, Announces Quarterly Dividend and Investment in MEG Energy Corp.

CALGARY, AB, May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share   Q1 2025 Highlights Production of 194,609 boe/d (70% oil and condensate, 76% liquids)(1) Operating Earnings of $322.4 million ($1.51 / share) Free Cash Flow of $184.0 [Read more]

Whitecap Resources Inc. Receives TSX Approval For Renewed Normal Course Issuer Bid and Confirms Monthly Dividend for May of $0.0608 Per Share

CALGARY, AB, May 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Whitecap's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Whitecap to purchase up to 122,135,462 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 12, 2025) over a period of twelve months commencing on May 23, 2025. On May 12, 2025, Whitecap had [Read more]

ARC Resources Ltd. announces consolidation of condensate-rich Montney assets at Kakwa

CALGARY, AB, May 14, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the "Assets") from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the "Transaction"). The Transaction has an effective date of April 1, 2025 and is expected to close in early July 2025, subject to customary closing conditions. The Assets, [Read more]

Strathcona Announces Q1 2025 Conference Call

CALGARY, AB, May 9, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) will release its first quarter 2025 financial and operating results after market close on May 15, 2025. Strathcona will host a conference call on May 16, 2025, starting at 9:00AM MT (11:00AM ET), to review the Company's first quarter 2025 results.   Date: Friday, May 16, 2025 Time: 11:00AM ET (9:00AM MT) URL Entry: To join without operator [Read more]

Whitecap Resources Inc. and Veren Inc. Announce Receipt of Final Order for Plan of Arrangement

CALGARY, AB, May 8, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce that the Court of King's Bench of Alberta has granted the final order in connection with the previously announced plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (the "Business Combination"), pursuant to which Whitecap will acquire all of the issued and outstanding common shares of Veren. Under the terms [Read more]

Whitecap Resources Inc. and Veren Inc. announce results of Special Shareholder Meetings

CALGARY, AB, May 6, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce that the shareholders of each company have voted in favour of the previously announced business combination between Whitecap and Veren (the "Business Combination"). On May 6, 2025, Whitecap and Veren held special shareholder meetings virtually, via live webcasts, with each company's shareholders voting on resolutions in connection with the [Read more]

Parkland Reports 2025 First Quarter Results

CALGARY, AB, May 5, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its full financial and operating results for the three months ended March 31, 2025.   "Our first quarter of 2025 saw a recovery from 2024 as the refinery offset a slow start to the year and a one-time $53 million impact due to a decision to exit the California compliance market," said Bob Espey, President and Chief Executive Officer. "It is still early [Read more]

Shell EVP Gulf of America appointed President, Shell USA

HOUSTON, May 5, 2025 /PRNewswire/ -- Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on the responsibility of President, Shell USA, in addition to her current role as Executive Vice President, Gulf of America, effective August 1, 2025. Wael Sawan, Chief Executive Officer, Shell, said: "I would like to thank Gretchen for her service [Read more]