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
Scott Land & Lease Ltd. was the top buyer of Crown land in the first quarter of 2017, spending $78.67 million, with $32.7 million doled out for acreage in Alberta, and $45.29 million in B.C.
April 4, 2017, 7:33 AM MDT
The top 10 parcels, by bonus, were all located in B.C. and Alberta during the first quarter of 2017.
April 4, 2017, 8:46 AM MDT
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Pembina Pipeline Corporation’s board approved a 6.25 per cent increase in its monthly common share dividend rate (from 16 cents per common share to 17 cents per common share), the company's sixth consecutive annual increase.
April 4, 2017, 6 AM MDT
The Alberta Energy Regulator (AER) intends to send letters to roughly 50 pipeline licensees the week of April 17, 2017, asking them to conduct a self-assessment of their pipeline safety and loss management systems.
April 4, 2017, 7:50 AM MDT
Canada needs a permanent multidiscipline centre to analyze and guide the country’s transition to a low-carbon economy, says an economist with the Conference Board of Canada (CBOC).
April 4, 2017, 9:51 AM MDT
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Following a review of its existing whistleblower procedures over the past year, the National Energy Board (NEB) has put in place a new reporting mechanism designed to improve how the public discloses allegations of company non-compliances.
April 4, 2017, 7:58 AM MDT
The return to growth in the oil and gas industry as prices firm up offers the opportunity to capitalize on the emergent momentum for those companies best prepared to take advantage.
April 4, 2017, 6:42 AM MDT
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Part of your DOB membership includes exclusive access to Oilweek's current digital edition.
April 4, 2017, 6 AM MDT
Option Industries Inc., a wholly owned subsidiary of Kos Corp Investments Ltd., has completed a new financial agreement with its existing lenders as it completes its restructuring process.
April 4, 2017, 10:48 AM MDT
The recent announcement of the 850XE rig upgrades and the XDR 500 optimization program was the first step in Xtreme Drilling Corp.’s strategy to re-position Xtreme as a high-spec United States shale focused drilling contractor.
April 4, 2017, 6 AM MDT
Calfrac Well Services Ltd. has provided notice to its banking syndicate that it has elected to use the first of its two fully-funded $25 million equity cures, effective as of the quarter ending June 30, 2017.
April 4, 2017, 6 AM MDT
Hyduke Energy Services Inc. has entered into a share purchase agreement to purchase all of the issued and outstanding shares of Avalanche Metal Industries Ltd., a private corporation engaged in the business of structural steel manufacturing, including production tanks, steps and ladders for production tanks and other equipment for industries including the oilfield and forestry.
April 4, 2017, 3:26 AM MDT
Spartan Energy Corp. had an active first quarter in the field, with three rigs operating in southeast Saskatchewan and an additional rig drilling its 2017 Viking program in west-central Saskatchewan.
April 4, 2017, 8:56 AM MDT
Leucrotta Exploration Inc.’s proved plus probable reserves increased by 32 per cent to 22.7 million boe for 2016.
April 4, 2017, 6 AM MDT
Alberta’s oil and gas industry cannot improve its safety record without fully understanding where its culture leads and where it is decifient.
April 4, 2017, 6 AM MDT
Savanna Energy Services Corp. announced that Dwayne LaMontagne has resigned as executive vice-president and chief financial officer of the company.
April 4, 2017, 3:36 AM MDT
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Bonavista Energy Corporation announced an increase to the exchange ratio of its exchangeable shares from 1.43223 to 1.43643.
April 4, 2017, 6 AM MDT
Pennine Petroleum Corporation will be undertaking a non-brokered financing of up to 50 million units for proceeds of C$3 million.
April 4, 2017, 7:40 AM MDT
Select Sands Corp. has signed a lease to purchase agreement with Newport Rail Loading Facility, LLC of Arkansas, whereby Select Sands will acquire the rail loading facility for US$2.05 million paid over five years.
April 4, 2017, 7:43 AM MDT
Workers at the Co-op Refinery Complex, represented by Unifor, have voted to ratify the collective bargaining agreement.
April 4, 2017, 8:13 AM MDT
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April 4, 2017, 11:22 AM MDT
This four-day course utilizes lectures, core workshops and one-day field trip to examine the reservoir characteristics, facies heterogeneity and stratigraphic framework of the Montney formation with emphasis on the geological attributes that make the Montney one of North America’s leading resource plays.
April 4, 2017, 6 AM MDT
Oil & Gas Council will be returning to Calgary to host it’s Canada Assembly & Awards Dinner on June 1st. Across the day there will be 300+ Sr. Executives & 40+ speakers at the conference.
April 4, 2017, 6 AM MDT
One of the greatest challenges in geomechanics and petroleum engineering is the effective hydraulic stimulation of unconventional oil and gas reservoirs.
April 4, 2017, 6 AM MDT
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