CALGARY - TransCanada Corp. (TSX:TRP) is offering lower-priced long-term contracts for Alberta natural gas shippers that want to use the Canadian Mainline system that stretches across the Prairies and winds through Ontario to a hub near Sarnia, Ont. The Calgary-based company says its proposal for a new round of binding commitments doesn't affect current contracts that are already in place for the system. Instead, TransCanada says the new tolling arrangement offers additional [Read more]
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Keyera Closes Long-Term Private Placement Debt Financing
CALGARY, Oct. 13, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has concluded its previously announced private placement of 10-year and 12-year senior unsecured notes (the "Notes") totaling CAD$300 million with a group of institutional investors in Canada and the United States. The Notes were issued in two tranches with CAD$200 million bearing interest at 3.96% and maturing on October 13, 2026 and CAD$100 million bearing interest at 4.11% and maturing on October 13, [Read more]
TransCanada Launches Open Season on New Mainline Tolling Option
CALGARY, ALBERTA--(Marketwired - Oct. 13, 2016) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has launched an open season for binding commitments on a new, long-term, fixed-price proposal to flow natural gas along the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in Southern Ontario. The proposal is intended to allow Western Canadian Sedimentary Basin (WCSB) producers to utilize existing capacity on the Mainline [Read more]
Manitok Energy Inc. Announces Pricing and Upsizing of Offering of Units Consisting of Collateralized Exchange Listed Notes(TM) and Warrants and the Execution of an Underwriting Agreement
CALGARY, ALBERTA--(Marketwired - Oct. 13, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has priced its previously announced marketed underwritten offering of units of Manitok (the "Units") and has increased the size of the offering from 200,000 Units to 212,071 Units for total aggregate gross proceeds of $21.2 million (the "Offering"). In connection with the Offering, Manitok has filed a prospectus supplement dated October 12, 2016 [Read more]
Top 10 Kakwa Montney Wells of 2015
One hundred kilometres south of Grande Prairie, you will find one of the hottest shale plays in North America: the Kakwa Montney. The play is home to one of the fastest growing Canadian O&G companies, Seven Generations. As discussed in a recent BOE Report article, Seven Generations has been one of a few companies that has continued to grow in spite of low commodity prices. Exploration in the Kakwa area started in the 1950s, but it wouldn’t be until the 1980s when companies began producing [Read more]
Advantage Provides Q3 2016 Operational Update
New 120 MMCF/D Eight Well Montney Pad Exceeds Expectations Corporate Production Increased to 215 MMCFE/D (35,760 boe/d) and Total Corporate Cash Costs Reduced to $0.58/mcfe (TSX: AAV, NYSE: AAV) CALGARY, Oct. 12, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report that during the third quarter of 2016, a new Glacier eight well Montney pad was completed and outperformed Management expectations with a combined initial production flow rate of 120 [Read more]
Bayshore Petroleum Corp Updates E-T Energy Ltd Discussions
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - Bayshore Petroleum Corp. ("Bayshore" or the "Company") (TSX VENTURE:BSH) has been discussing potential partnerships and transactions with E-T Energy Ltd. ("ET"), and as an update to the news releases of July 29, 2016, September 7, and September 26, 2016, the Company advises this process has still not yet come to a formal, binding agreement. A further update will be provided by October 28, 2016. Bayshore shares remain halted from trading, and [Read more]
Trilogy Energy says oil emulsion spill in Alberta has covered 3 hectares
CALGARY - Trilogy Energy says the pipeline leak it discovered late last week in north central Alberta has covered an area about three hectares in size with oil emulsion — about the size of five CFL fields. In an update posted to its website late Tuesday, the Calgary-based oil and gas producer says it still doesn't know the volume of the spill into marshland about 15 kilometres from Fox Creek. The posting says that company president John Williams and other managers travelled to [Read more]
Marksmen Announces Third Quarter Production Results for Davis-Holbrook #1 Oil Well in Pickaway County, Ohio
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") is pleased to announce that its wholly owned subsidiary, Marksmen Energy USA, Inc., as operator, and its joint operating partner Houghton Investments LLC., hereby release third quarter production results for its Davis-Holbrook #1 well, in Pickaway County, Ohio. Marksmen owns a 75% working interest in the well. Oil production from this well began on July 15, 2016 [Read more]
Twin Butte Energy Ltd. Sales and Investment Solicitation Process
CALGARY, Oct. 12, 2016 /CNW/ - On September 1, 2016, the Alberta Court of Queen's Bench (the "Court") granted an order appointing FTI Consulting Canada Inc. as Receiver and Manager (the "Receiver") of Twin Butte Energy Ltd. ("Twin Butte"), an intermediate oil and natural gas producer in Canada. In addition, on October 11, 2016, the Court approved a process permitting the Receiver to proceed with a sale and investment solicitation process for Twin Butte, and the appointment of Peters & Co. [Read more]