CALGARY, June 30, 2015 /CNW/ - The National Energy Board (NEB) has approved the application of Quicksilver Resources Canada Inc. (Quicksilver) for a 25 year natural gas export licence with a maximum term quantity of 733 billion cubic metres 1 . The issuance of this licence is subject to the approval of the Governor in Council. When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, [Read more]
News
Legacy Shareholders Approve Plan of Arrangement With Crescent Point
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Legacy Oil + Gas Inc. (TSX:LEG) ("Legacy" or the "Company") is pleased to announce that the holders of Legacy common shares ("Shareholders") today approved the special resolution (the "Arrangement Resolution") authorizing the proposed plan of arrangement (the "Arrangement") involving Legacy, Crescent Point Energy Corp. ("Crescent Point") and the shareholders of Legacy at the annual and special meeting of the Legacy shareholders (the "Meeting"). [Read more]
TransCanada Lists Series 4 Preferred Shares
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Corporation) announced today that 5,466,595 of its 14,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion into floating-rate Cumulative Redeemable First Preferred Shares, Series 4 (Series 4 Shares). As a result of the conversion TransCanada has 8,533,405 Series 3 Shares and 5,466,595 Series 4 Shares issued and [Read more]
Striker Exploration Corp. Announces Renewal of Banking Facilities
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce as a result of the scheduled review by Striker's syndicate of Canadian chartered banks, the aggregate lending limit of the existing banking facilities remain unchanged at $55 million. The facilities consist of a $40 million revolving term facility, plus a $15 million revolving operating facility. Both facilities are to be reviewed by the lending [Read more]
Cenovus sells royalty business for $3.3 billion
Sale to significantly strengthen company's balance sheet CALGARY, June 30, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers' Pension Plan (Teachers') for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, [Read more]
Spotlight on Petrus Resources
Alberta is home to many public oil and gas companies, but also to a wide variety of private oil and gas companies that don't make the news as much as their public counter-parts. With the intention of shedding light on a notable private upstream company, today we at the BOE Report wish to put a spotlight on Petrus Resources. Stay tuned for more company profiles as we seek to spread the word on notable private oil and gas companies in Western Canada. Petrus Resources Petrus Resources Ltd. is [Read more]
Pengrowth Ships First Lindbergh Production on the Husky Sales Line, Reports Continued Strength in Lindbergh Production and Intent to Sell Up to $600 Million of Non-Core Assets
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Pengrowth (TSX:PGF)(NYSE:PGH) is pleased to report that construction and commissioning of its insulated sales line connecting the Lindbergh commercial facilities with the Husky pipeline, has been completed on time. Production from the commercial facilities has now been tied-in to the sales line, providing Pengrowth with additional transportation/marketing optionality. Pengrowth still retains the option to move production by rail to markets in an [Read more]
Lone Pine Set to Establish Second Core Area Through Large-Scale Lease Issuance and Drilling Commitment Agreement
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Lone Pine Resources Canada Ltd. ("Lone Pine" or the "Company") is pleased to announce that it has entered into a Lease Issuance and Drilling Expenditure Commitment Agreement (the "Agreement") with a public royalty company ("Royalty Company"), whereby Lone Pine will acquire petroleum and natural gas leases for 100% working interest on approximately 108 sections (approximately 69,000 acres) in the Wheatland area of Southeast Alberta (the "Lands" or [Read more]
Twin Butte Energy Provides Operations Update and Announces Renewal of Credit Facility
CALGARY, June 29, 2015 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") is pleased to provide an operations update and announce the renewal of its credit facility. Operations Update: Twin Butte shut down drilling activity in mid-February in response to low oil prices and resumed in early June with one rig active in the Provost area. This rig is scheduled to stay in Provost drilling Dina/Cummings, Sparky and Lithic channel prospects into Q4. Based upon field [Read more]
New York formalizes ban on fracking, ending 7-year environmental and health review
ALBANY, N.Y. - New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments."After years of exhaustive research and examination of the science and facts, prohibiting high-volume hydraulic fracturing is the only reasonable alternative," Department of Environmental Conservation Commissioner Joe Martens said in announcing the decision. "High-volume hydraulic fracturing [Read more]