Alberta’s Wednesday land sale attracted $4.11 million in bonus bids, with year-to-date spending remaining at a historically low level.
May 26, 2016, 8:45 AM MDT
Canada’s oil and gas industry won’t be able to fully capitalize on future increases in commodity prices without pipelines to tidewater and regulatory stability, says PricewaterhouseCoopers LLP.
May 26, 2016, 6 AM MDT
The chant “yes to LNG” cut through the hum of downtown Calgary afternoon traffic as rally supporters, carrying signs reading ‘yes to nat gas pipelines,’ ‘oil respect,’ amassed in front of city hall on Wednesday to cheer on energy industry advocates heading from northern British Columbia to the nation’s capital.
May 26, 2016, 10:06 AM MDT
Over the first four months of 2016, the average length/depth of a well drilled in western and northern Canada (excluding experimental wells) rose to 2,847 metres from 2,582 in the comparable period last year.
May 26, 2016, 8:41 AM MDT
In a climate of low commodity prices, the challenge for junior producers such as Journey Energy Inc. is how to do a lot with very little capital.
May 26, 2016, 8:51 AM MDT
RMP Energy Inc. is expanding its Montney drilling inventory in its Gold Creek area by buying 20 sections (12,800 acres) of 100 per cent working interest acreage and infrastructure from Chinook Energy Inc. and its partner for about $10 million.
May 26, 2016, 9:41 AM MDT
While Alberta producers are increasingly targeting liquids-rich natural gas, they also are focusing on the more profitable liquids such as pentanes plus and butanes while choosing to leave propane and ethane in the gas stream, according to an Alberta Energy Regulator (AER) report.
May 26, 2016, 7:52 AM MDT
On May 17, 2016, Connacher Oil and Gas Limited (“Connacher”) obtained court protection under the Companies’ Creditors Arrangement Act (“CCAA”) pursuant to an initial order granted by the Alberta Court of Queen’s Bench. Ernst & Young Inc. was appointed as the Monitor (the “Monitor”) of Connacher for the CCAA proceedings. Connacher and the Monitor are seeking parties interested in acquiring or investing in the business or the assets of Connacher.
May 26, 2016, 10:42 AM MDT
Average daily production: 18 boe/d.
May 26, 2016, 9:24 AM MDT
May 26, 2016, 10:28 AM MDT
May 26, 2016, 11:42 AM MDT
This morning, Alberta Premier Rachel Notley and Ontario Premier Kathleen Wynne met in Edmonton to discuss new opportunities to partner on energy and climate change initiatives, and announced a memorandum of understanding (MOU) on environmental issues.
May 26, 2016, 11:27 AM MDT
Tidewater Midstream and Infrastructure Ltd. says it plans to spend between $85 million to $125 million over the next 12 to 18 months, a capital program aimed at optimizing existing assets while adding key strategic infrastructure to the company's network.
May 26, 2016, 9:15 AM MDT
Faced with the continued pull back of oil prices early in the year and a greater than 50 per cent drop in natural gas prices, during first-quarter 2016 Striker Exploration Corp. only completed the carryover work from the previous quarter’s capital program and suspended all other capital spending activities.
May 26, 2016, 10:53 AM MDT
Cash raised from the sale of non-core properties last year has given Leucrotta Exploration Inc. some running room to develop its Montney resource play in northeast British Columbia, although management expects minimal spending in this year’s second-quarter.
May 26, 2016, 10:50 AM MDT
Having challenges sustaining the necessary working capital required to maintain your wells producing?
May 26, 2016, 10:45 AM MDT
Cardinal Energy Ltd. announced that, due to strong demand, the company has increased the size of its previously announced public offering to 6.5 million common shares, for aggregate gross proceeds to Cardinal of $60.8 million.
May 26, 2016, 6 AM MDT
Perisson Petroleum Corporation has closed the second tranche of its previously announced debenture financing.
May 26, 2016, 6 AM MDT
Perpetual Energy Inc. has closed the disposition of its 30 per cent partnership interest in Warwick Gas Storage LP for $20 million.
May 26, 2016, 6 AM MDT
May 26, 2016, 11:14 AM MDT
The Canadian Society of Petroleum Geologist (CSPG) is hosting its annual golf tournament on Thursday June 16th at the Elbow Springs Golf and Country Club.
May 26, 2016, 10:44 AM MDT
The University of Oklahoma Alumni Association of Canada is hosting their annual Stampede BBQ on Thursday, June 2, 2016, at the Railway Cafe at Heritage Park.
May 26, 2016, 10:39 AM MDT
May 26, 2016, 10:24 AM MDT
May 26, 2016, 10:27 AM MDT
The National Energy Board (NEB) is looking for input from the public before deciding whether to extend the sunset clauses for the Enbridge Northern Gateway pipeline project.
May 26, 2016, 6 AM MDT
Two more First Nations along TransCanada Corporation’s Coastal GasLink pipeline project in British Columbia have agreed to support the project, increasing the number of signed project agreements with First Nations to 13, says the company.
May 26, 2016, 10:12 AM MDT
May 26, 2016, 9:28 AM MDT
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May 26, 2016, 10:48 AM MDT
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