Headlines for March 28, 2017

  1. Can We Flatten Out The Boom And Bust Cycles?

    Steven Berg isn’t sure he can trust himself to politely discuss how to remedy the pernicious cycle of booms and busts that have plagued Canada’s oil and gas industry for generations.

  2. Daily Infographic: Despite Growth Late In The Year, U.S. Crude Oil Production Decreased In 2016

    Through the first three quarters of 2016, U.S. crude oil production trended downward, dropping from 9.2 million bbls per day in January to 8.6 million in September. In the last quarter of 2016, however, production began to rise, reaching 8.8 million bbls a day in December. Average oil production for 2016 was 8.9 million bbls per day, lower than the 2015 level of 9.4 million bbls per day but still 1.3 million bbls per day greater than the average annual level over 2011–2015, when production was generally rising, noted the Energy Information Administration (EIA).

  3. B.C. Requests Extension On Tolling Examination Deadline

    The Ministry of Natural Gas Development in B.C. is requesting the National Energy Board (NEB) extend the April 21, 2017, deadline for comments regarding an inquiry of the tolling methodologies, tariff provisions and competition in northeast B.C.

  4. Freehold Royalties Ltd. Property Divestiture

    Sayer Energy Advisors has been engaged to assist Freehold Royalties Ltd. (“Freehold” or the “Company”) with the sale of certain of its working interest and non-operated unit interests in oil and natural gas properties in central Alberta (the “Properties”).

  5. 2016 Drilling Bumps Up Altura’s Q4 Volumes

    Altura Energy Inc. saw fourth quarter production more than double, thanks to the company’s 2016 drilling program and a full quarter of production from the Killam, Alberta acquisition it closed last year.

  6. Razor Energy Reports 2P Reserves Of 12.65 Million Boe

    Proved developed producing (PDP)  reserves accounted for about 76 per cent of Razor Energy Corp.’s proved reserves and 61 per cent of its proved plus probable gross reserves of 12.65 million bbls of oil equivalent as of Dec. 31 2016, says the company.

  7. Enbridge Raises $500 Million Through Secondary Offering Of Enbridge Income Fund Holdings Inc. Shares

    Enbridge Inc. and Enbridge Income Fund Holdings Inc. have entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, and Enbridge has agreed to sell, on a bought deal basis, 15,085,000 EIFH common shares at a price of $33.15 per common share for distribution to the public, for gross proceeds to Enbridge of approximately $500 million.

  8. Keystone XL: No Longer Just A Pipe Dream

    After nine years and many twists and turns, the Keystone XL pipeline took a major step forward last Friday when Donald Trump’s State Department granted the project a presidential permit.

  9. Partial Completion Of Zhengwei Placement: Sunshine

    The board of Sunshine Oilsands Ltd. announced that all conditions of the placement to Zhengwei International Investment And Management Co., Limited have been fulfilled and partial completion of the placement took place on March 28, 2017.

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