CALGARY, Dec. 9, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it has agreed on terms with a syndicate of nine lenders to increase and extend its unsecured revolving credit facility (the "Credit Facility"). The Credit Facility has been increased to $1.5 billion from $1 billion, with the potential to increase to $1.85 billion subject to certain conditions. The term of the Credit Facility has been extended by one year to December 6, 2020. "The changes to our Credit [Read more]
Headlines
Surge Energy Inc. Provides 2016 Capital Budget and Guidance
CALGARY, Dec. 9, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") is pleased to provide corporate guidance for its 2016 operating and capital budget. Given the continued weakness and uncertainty in energy commodity prices, the Company's initial 2016 plans reflect a minimal amount of capital and activity in order to maintain stability in the Company's corporate base production and balance sheet. Going forward, Surge intends to update corporate guidance on a quarterly basis and [Read more]
Gibsons Announces 2016 Growth Capital Expenditure Budget of $200 Million to $300 Million
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2015) - Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today that its Board of Directors has approved a 2016 growth capital expenditure budget ranging between $200 million and $300 million. Additionally, the Board of Directors approved $50 million allocated to upgrade and replacement capital expenditures. "Following a disciplined budgeting process, the lower end of Gibsons' 2016 growth capital expenditure plan will be solely [Read more]
Talisman Energy Inc. Announces Pricing of its Debt Tender Offer
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2015) - Talisman Energy Inc. (the "Offeror") announced today the pricing of its previously announced tender offer (the "Offer") to purchase for cash up to $1,524,531,000 aggregate principal amount (the "Maximum Tender Amount") of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior Notes due 2038 (CUSIP No. 87425E AK9), 7.25% Debentures due 2027 (CUSIP No. 87425E AE3) and 5.75% Senior [Read more]
Tuscany Commences Oil Production at Winter, Saskatchewan
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it put its Winter 91/5-36-42-25W3 horizontal oil well on production December 4, 2015 and over the past two days the well has produced at an estimated rate of 130 barrels of oil per day. Early production results from this new pool well are as strong as results of wells at our more established Macklin and Evesham properties. The Dina oil zone that was encountered correlated [Read more]
Talisman Energy Inc. Announces Early Tender Results of Its Debt Tender Offer and Increase to the Maximum Tender Amount
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2015) - Talisman Energy Inc. (the "Offeror") announced today the early tender results of its previously announced tender offer (the "Offer") to purchase for cash up to $750 million aggregate principal amount (the "Maximum Tender Amount") of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior Notes due 2038 (CUSIP No. 87425E AK9), 7.25% Debentures due 2027 (CUSIP No. 87425E AE3) and 5.75% [Read more]
Valparaiso Energy Inc.: Announcement of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2015) - Valparaiso Energy Inc. (the "Corporation") (NEX:VPO.H) is pleased to announce that the TSX Venture Exchange will allow The Corporation to complete a private placement financing of up to $180,000 through the issuance of units consisting of up to 9,000,000 common shares of the Corporation at a price of $0.02 per share. The common shares will be subject to a four month hold period. Proceeds of the offering will be primarily used for the [Read more]
Storm Resources Ltd. Announces Grant of Stock Options
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2015) - STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) announces that it has granted stock options ("Options") to acquire 1,901,000 common shares in the capital of Storm ("Common Shares") pursuant to its stock option plan, 1,101,000 of which were granted to the directors and officers of Storm. The Options vest over three years (1/3 on each of the first, second and third anniversary of the grant date), are exercisable at a price of $3.35 per Common [Read more]
Saturn Minerals Inc. Announces Update of Bannock Creek Oil Exploration Well and Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 8, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that further to the Company's news release dated October 29, 2015 the Company had issued notice to its Joint Venture Partner as required by the Joint Operating Agreement (JOA) between the parties. Under the terms of the JOA, the Joint Venture Partner had thirty (30) days to respond to the drilling notice, and now as the drilling [Read more]
Syncrude advances turnaround of Coker 8-2
CALGARY, Dec. 8, 2015 /CNW/ - (TSX: COS) Canadian Oil Sands Limited ("COS") today announced Syncrude has commenced a turnaround of Coker 8-2, advancing maintenance originally scheduled for mid-2016 in order to improve coker throughput. A build-up of coke deposit within the unit led to reduced circulation, and the determination was made to shift the planned maintenance into 2015. As a result, COS has revised its production estimate for 2015 to about 90 million barrels (33 million barrels net to [Read more]