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News Date
Bellatrix Exploration extends $100MM credit facility
Lenders for Bellatrix Exploration have extended the company’s credit facility an additional year to May 2019 and have reduced the borrowing base to $100 million from $120 million. The revised lending...
Jun 08, 2018
InPlay boosts credit facility to $75MM
InPlay Oil Corp. reported its credit facility was increased 25% to $75 million after the company’s lenders completed an annual review of its borrowing base. The credit facility is secured by a...
Jun 08, 2018
Ikkuma renews $25MM borrowing base, extends maturity
Ikkuma Resources signed an amended credit facility on May 28 that keeps its borrowing base at $25 million and extends the maturity to May 30, 2019. The company said its borrowing base allows for...
Jun 08, 2018
Marquee’s borrowing power up to $10MM while in review
Marquee Energy announced that its lender increased the availability to its senior credit facility to $10 million from $8.5 million on May 28. The company also announced its...
Jun 08, 2018
Petrus Resources gets one-year extension on $35MM loan
Macquarie Bank has extended a $35 million term loan granted to Petrus Resources Ltd. for one year, pushing the maturity from October 2019 to October 2020. The interest rate on the $35 million balance...
Jun 08, 2018
Vermilion extends $1.6B revolving credit facility
Vermilion Energy announced its syndicate of lenders has extended the company’s revolving credit facility for one year to May 2022 and increased the total facility from $1.4 billion to $1.6 billion....
Jun 08, 2018
Current oil pipeline network not enough, study shows
A new report from CIBC Capital Markets indicates that new oil pipelines coming online over the next few years won’t be enough to solve the bottlenecks in the current system. Demand for oil in North...
Jun 08, 2018
ConocoPhillips may seek to sell $2.6B stake in Cenovus
ConocoPhillips reportedly has plans to sell its $2.6 billion equity stake in Cenovus Energy. The U.S. company is in discussions with investment banks about naming advisers for the sale and could...
Jun 08, 2018
National Energy Board gives approval for North Montney Mainline variance
The National Energy Board has approved a variance to the previously approved certificate for Transcanada’s proposed North Montney Mainline Project, setting the stage for construction to begin on the...
Jun 08, 2018
Petronas to buy 25% stake in $40B Kitimat LNG project
Less than a year after it scrapped plans to invest $36 billion in the Pacific NorthWest LNG gas pipeline project in British Columbia, Malaysia’s Petronas announced its intent to buy a 25% equity...
Jun 08, 2018

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