Headlines for March 9, 2015

  1. Daily Oil Bulletin Launches Intelligence Essentials

    The Daily Oil Bulletin has provided trusted insight, intelligence and analysis of Canada’s oil and gas industry for over 75 years. Today, we launch our new DOB Intelligence Essentials package, an essential set of tools to help oil and gas professionals improve productivity, identify opportunities, and make better decisions with trusted analysis and data sets.

  2. Exall Updates Expected Timing To Pay Out Existing Credit Facility

    Exall Energy Corporation said today that Viking Investments Group, Inc. has advised it that given the current timing, it is considering dispensing with a bridge financing arrangement as a means to retire Exall’s existing facility with its current senior Canadian lender in full.

  3. Pulse Completing Work On Edson Area 3D Survey

    Data from a new 3D seismic participation survey in west-central Alberta with multi-zone potential should be available for licensing by early April, says the chief executive of Pulse Seismic Inc.

  4. Crew’s Output Drops In 2014 On Dispositions

    Crew Energy Inc.’s full-year and fourth quarter 2014 production declined year-over-year as a result of the disposition of two Alberta-based asset packages where the company sold more than 10,600 boe per day, or 39 per cent of 2013 average production.

  5. NuVista Will Re-Evaluate Capex Program At Mid-Year; Reports Higher Production In 2014

    For the fourth quarter of 2014, NuVista Energy Ltd.’s average production was 23,165 boe per day, up from 18,034 boe per day for the fourth quarter of 2013 and 18,030 boe per day for the third quarter of 2014. The increase in production of 28 per cent from the fourth quarter of 2013 is due to the strong performance of new and existing Wapiti Montney wells. This growth rate was partially offset by the sale of non-core properties in 2014. For the full-year, the company’s production climbed to 18,391 boe per day from 17,329 boe the previous year.

  6. Oil Sands Trade Show & Conference Introduces Technical Conference

    Even in these times of economic flux, the course of the oil sands sector remains vital to Canada’s energy future. During this crucial period, Oil Sands Trade Show & Conference is pleased to introduce a technical conference program to focus the conversation on producing advancements and creating efficiencies.

  7. Geomechanics Workshop: Theory And Practice

    Hosted by Canadian Discovery Ltd., this two-day workshop examines how geomechanics can improve drilling, completions and production. This includes a rigorous determination of all three principal insitu stresses, pore pressure and rock properties.

  8. Asset Impairment Costs Drive Cequence’s Q4 Loss

    Impairment charges on the company’s properties in Northeast British Columbia and the Peace River Arch drove a net loss for Cequence Energy Ltd. in the fourth quarter, although full-year earnings were up sharply (see table).

  9. Bellatrix Reports Reserves Gains

    Bellatrix Exploration Ltd.’s total proved reserves climbed 30 per cent to 161.45 boe at Dec. 31, 2014, from 124.15 million boe a year ago, while proved-plus-probable (2P) reserves improved 18 per cent, to 250.1 million boe from 211.54 million boe a year earlier.

  10. DOB Morning Briefing

    Here’s your early morning summary of the latest oil and gas news — a concise look at what you need to start your day in the know. Get more detailed, contextual information in the noon-hour DOB, or view the continuous feed of articles all morning at www.dailyoilbulletin.com.

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