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.
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.
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.
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.
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.
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.
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.
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.
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.
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