The B.C. NDP and Green parties have become political blood brothers and are aiming to form a combined slim majority government in the province, creating a spate of increased industry uncertainty as the fate of oil and gas projects, such as Kinder Morgan Inc.’s proposed Trans Mountain pipeline expansion, hang in the balance.
Active hedgers among the TSX-listed oil and gas producers covered 63 per cent of their combined natural gas production — and 48 per cent of combined oil production — with a range of hedging contracts in Q1 2017.
In February, Canadian crude oil exports by rail climbed to 132,693 bbls per day, according to the latest statistics from the National Energy Board (NEB). That’s up from 119,876 the previous month, and 95,625 bbls a day in February 2016.
This Thursday, Oil & Gas Council will be hosting its Canada Assembly & Awards Dinner at Hotel Arts. Across the day, there will be 300+ Sr. Executives & 37 speakers at the conference covering topics such as Renewables, Financing, M&A, Technology Innovation, and Private Investment.
In Q1 2017, Leucrotta Exploration Inc. completed its infrastructure project to tie-in four previously drilled delineation wells and completed additional step-out/delineation wells that materially extended the productive boundaries of the company’s Lower Montney Turbidite light oil resource play.
Trilogy Energy Corp. has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 million, with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility.
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