Headlines for June 1, 2017

  1. Gas Prices Rise, Differential Narrows In May

    While AECO natural gas spot prices have slipped since a mid-month high of $3.02 per gigajoule, prices in May were up 5.6 per cent from April and were more than double what they were a year ago.

  2. Hitting 7,000 Wells Will Revive Idle Pumpers: Trican

    If Canada’s well count cracks 7,000 this year — only slightly above forecasts — it will take all of the industry’s idle pressure-pumping equipment off the fence and into the field, the head of Trican Well Service Ltd. said on Wednesday.

  3. Energy Transfer’s Bakken Pipeline In Service

    Energy Transfer Partners, L.P. announced that the Dakota Access pipeline and the Energy Transfer Crude Oil Pipeline (ETCO) — which the company refers to collectively as the Bakken pipeline — are in commercial service under the committed transportation service agreements through their respective pipeline systems.

  4. Coleville Gas Plant Shut-In, Impacting Whitecap’s Production Volumes

    On April 28, 2017, the non-operated Coleville gas plant in west-central Saskatchewan was unexpectedly shut-in due to operational safety issues, negatively impacting Whitecap Resources Inc.’s production volumes, primarily at Lucky Hills and Whiteside, by 1,700 boe per day (8.4 mmcf per day and 300 bbls per day of associated natural gas liquids).

  5. Delphi Energy Completes Annual Credit Facility Review

    Delphi Energy Corp. has extended the term of its $80 million senior secured revolving credit facility with a syndicate of banks, led by Alberta Treasury Branches and including the Bank of Nova Scotia, until May 29, 2018.

  6. TC PipeLines Completes Acquisition Of Interests In Iroquois And PNGTS

    TC PipeLines, LP has closed the acquisition of a 49.3 per cent interest in Iroquois Gas Transmission System, LP (Iroquois) from subsidiaries of TransCanada Corporation together with TransCanada's remaining 11.8 per cent interest in Portland Natural Gas Transmission System (PNGTS) for a total purchase price of approximately $765 million, effective June 1, 2017.

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