BOE Report

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Manitok Energy Inc. Provides Operations and Corporate Update

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is providing an operations and corporate update. Operations Update Cordel-Stolberg Manitok concluded 2014 by successfully completing the drilling and production test of two Cardium light oil wells. The two wells are 103/13-21-42-15W5 (33% working interest) and 13-11-42-15W5 (30% working interest). This completes a 15 well (6.8 net) drilling program in Cordel-Stolberg [Read more]

King of Saudi Arabia dead at 90

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Abdullah, the powerful U.S. ally who joined Washington's fight against al-Qaida and sought to modernize the ultraconservative Muslim kingdom with incremental but significant reforms, including nudging open greater opportunities for women, has died, according to Saudi state TV. He was 90. More than his guarded and hidebound predecessors, Abdullah assertively threw his oil-rich nation's weight behind trying to shape the Middle East. His priority [Read more]

Southern Pacific Files for Creditor Protection Under the CCAA

CALGARY, ALBERTA--(Marketwired - Jan. 21, 2015) - Southern Pacific Resource Corp. (TSX:STP) announces today that it and certain of its subsidiaries (and partnership), Southern Pacific Energy Ltd., 1614789 Alberta Ltd., 1717712 Alberta Ltd. and Southern Pacific Resource Partnership (collectively "Southern Pacific" or the "Company") have obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") pursuant to an Order granted on January 21, 2015 by the Court of [Read more]

Chinook Energy Inc. Announces $75 Million of Positive Working Capital, Reduced 2015 Capital Program, Production and Guidance Update, and Montney Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Chinook Energy Inc. (TSX:CKE) ("Chinook") today announced that it has positive working capital of approximately $75 million and is undrawn on its $125 million credit facility following the recent dispositions of its Karr and Gilby properties. Chinook also announced a decrease in its 2015 capital program as a result of significantly weaker commodity prices since announcing its original program on October 29, 2014. Chinook's original program [Read more]

Shell Canada to cut less than 10 per cent of Alberta Albian oilsands workforce

EDMONTON - Shell Canada Ltd. says it is reducing its workforce at its Albian Sands oilsands operations near Fort McMurray, Alta.A company spokesman says the cuts will affect less than 10 per cent of its 3,000-plus workforce at the Muskeg River and Jackpine oilsands mines.Cameron Yost says the actual number of reductions hasn't been determined and most of the people who will be affected will be salaried employees.He says the cuts are to ensure that Shell's oilsands business remains competitive [Read more]

Spartan Energy Corp. Exceeds 2014 Exit Production Target and Announces 2015 Capital Budget and Guidance

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that, as a result of a successful fourth quarter drilling program, we exceeded our 2014 exit production guidance of 8,900 to 9,100 boe/d in early December. We expect our fourth quarter average production to exceed 8,700 boe/d and our 2014 annual average to exceed 5,850 boe/d, 3% above our guidance of 5,700 boe/d. December average production is approximately 9,300 [Read more]

Baytex Announces 2015 Budget and Change to Dividends

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces that its Board of Directors has approved a 2015 capital budget of $575 to $650 million, which is designed to generate average production of 88,000 to 92,000 boe/d for 2015 after planned non-core asset sales of approximately 1,000 boe/d. The Board of Directors has also approved a revised dividend level of $0.10 per share per month, down from $0.24 per share per month, [Read more]

Republican Gov. Chris Christie heads to Calgary to talk energy, Keystone

CALGARY - New Jersey's governor says delaying the Keystone XL pipeline sends a bad message to investors, stunts the growth of the Canadian oilsands industry and is no way to treat a key ally of the United States.One of the Republican party's top prospects for a run at the White House in 2016, Gov. Chris Christie travelled to Calgary on Thursday to back the controversial TransCanada (TSX:TRP) pipeline from Alberta's oilsands to the Gulf Coast and pan the time it is taking Washington to make a [Read more]

Pembina Pipeline Corporation Announces 2015 Capital Program of $1.9 Billion, Provides Review of 2014 Accomplishments and Confirms Date for 2015 Investor Day

(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 1, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]

Pembina Pipeline Corporation Announces $105 Million New Gas Processing Plant at its Musreau Facility

CALGARY, Nov. 27, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it plans to construct a new facility and expand its gas processing capacity at Musreau by 100 million cubic feet per day ("MMcf/d") ("Musreau III") for an estimated cost of $105 million. "The areas surrounding Pembina's existing gas processing facilities at Musreau, part of our Cutbank Complex, continue to be a focus for our customers producing liquids-rich [Read more]