The active rig count in Western Canada fell again this week as drillers lay down rigs due to spring breakup.
April 7, 2017, 11:23 AM MDT
The Alberta government collected $11.14 million at its Wednesday land sale with licences in the Deep Basin and a parcel at township 70 drawing the strongest bids.
April 6, 2017, 6 AM MDT
It’s been a tough couple of years for Crown land spending in Western Canada, but the first quarter of 2017 was positive with producers spending $132.74 million, up from $35.52 million during the January-March period of 2016.
April 4, 2017, 7:16 AM MDT
Thanks to a surge in its final fiscal quarter of 2016/2017, the Alberta government was able to nearly pull even with land spending from the previous year.
March 29, 2017, 6 AM MDT
The three major western oil and natural gas producing provinces have all tabled budgets for fiscal 2017/2018, and collectively, they are projecting a 55 per cent increase in oil and natural gas royalties.
March 27, 2017, 6 AM MDT
The Alberta government on Wednesday attracted $19.89 million in bonus bids at its land sale on 61,198 hectares at an average price of $325.05, powered by a licence that was sold for over $10 million.
March 23, 2017, 6 AM MDT
Birchcliff Energy Ltd. this morning announces it was starting a sales process for its oil and natural gas properties and related assets on the Charlie Lake Light Oil Resource Play located in the Peace River Arch of Alberta.
March 21, 2017, 9:24 AM MDT
The Alberta government has built a contingency into its oil price forecast for the upcoming fiscal year, but will adjust its numbers in fiscal Q1 if it needs to, Alberta Finance Minister Joe Ceci said this morning.
March 20, 2017, 11:13 AM MDT
The Alberta government is forecasting non-renewable resource revenue to rise to $3.75 billion for 2017/2018, up from an estimated $2.43 billion the previous fiscal year on an expected doubling of bitumen royalty revenue.
March 16, 2017, 3:02 PM MDT
Bitumen royalties are estimated at $2.55 billion in 2017/2018, $1.3 billion higher than in 2016/2017, but still about half the revenue reported in 2014/2015.
March 16, 2017, 3:12 PM MDT
While natural gas and byproduct royalties are expected to climb to $455 million for 2017/2018 from around $219 million in 2016/2017, it’s still far off from levels a decade ago, when it was the main revenue engine for the Alberta government.
March 16, 2017, 3:07 PM MDT
The Alberta government attracted $9.82 million in bonus bids at its Wednesday afternoon land sale, including $673,309 paid to acquire 7,017.6 hectares of oilsands acreage.
March 9, 2017, 3:29 AM MST
Tourmaline Oil Corp.’s production climbed in 2016 by 20 per cent to 185,672 boe per day, while output in Q4 was up seven per cent to 191,814 boe per day.
March 8, 2017, 6 AM MST
Peyto Exploration & Development Corp. has added 21,120 acres (33 net sections) of exploratory land at Crown sales so far in 2017, the company noted on Wednesday.
March 2, 2017, 6 AM MST
Land spending is up in Western Canada so far this year, but will the recovery continue?
February 28, 2017, 6 AM MST
The B.C. government took in $3.69 million at its February 2017 sale held this week, as its brighter start to the year continues.
February 24, 2017, 6 AM MST
Natural gas royalties are forecast to increase to $237 million for the 2017/2018 fiscal year, from $159 million estimated for 2016/2017, the B.C. government announced in its budget for the upcoming fiscal year.
February 22, 2017, 6 AM MST
Pembina Pipeline Corporation has entered into a 20-year infrastructure development and service agreement with Chevron Canada Limited.
February 16, 2017, 6:48 AM MST
Premier Rachel Notley is travelling to Washington, D.C. later this month to make the benefits of trade between the U.S. and Canada clear to the new American administration, with a particular focus on Alberta.
February 13, 2017, 6 AM MST
Gibson Energy Inc. has entered into an agreement to sell its industrial propane business for cash consideration of $412 million to Superior Plus LP.
February 13, 2017, 8:08 AM MST
In what has been a year of recovery — albeit 2017 is still young — the Alberta government attracted a solid $35.07 million in bonus bids at its Wednesday sale.
February 9, 2017, 7:06 AM MST
Royal Dutch Shell plc during its fourth quarter webcast on Thursday stated that it had an advantaged position at Fox Creek, along with the Permian, although there were few details about its activity in the Canadian play.
February 3, 2017, 6 AM MST
While Royal Dutch Shell plc chief executive officer Ben van Beurden believes the trend of globalization is likely unstoppable, “it’s probably appropriate that societies and business with it sort of reflect on what we are hearing and seeing” from those groups who feel they haven’t been benefiting from globalization.
February 3, 2017, 6 AM MST
The Alberta land sale yesterday brought $5.22 million into provincial coffers, powered by a single parcel in northwest Alberta.
January 26, 2017, 7:02 AM MST
U.S. President Donald Trump on Tuesday signed executive actions to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that American steel should be used for pipelines built in the United States.
January 24, 2017, 9:48 AM MST
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