Driven by strong interest in an area prospective for heavy oil northeast of Lloydminster, June’s public offering of Crown petroleum and natural gas rights raised $22.84 million for the Saskatchewan government — the largest revenue for a single public offering in almost three years.
Even if the last few quarters have seen increasing capital movement towards popular U.S. basins, the Western Canadian Sedimentary Basin is still profitable for those who know how to produce it, and it will remain so long after more southerly overheated basins eventually cool down, says top brass at Penn West Petroleum Ltd.
Despite overall oilpatch uncertainty at many levels, the outlook for the North American natural gas industry and gas-weighted Tourmaline Oil Corp. remains positive, the company’s annual meeting heard on Wednesday.
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver (the “Receiver”) of WellStar Energy Corp. (“WellStar”) and its wholly-owned subsidiary, Nexxtep Resources Ltd. (“Nexxtep”) (collectively the “Companies”) with the sale of the oil and natural gas properties held by the Companies (the “Properties”) or a restructuring of the Companies.
Pressure Relief Valves provide protection of life and of the facility (and property within it). When an overpressure condition exists, a pressure relief valve will open and allow overpressure discharge from the pressurized equipment.
Alliance Pipeline has undertaken an economics and feasibility study into a potential capacity expansion with a decision on whether it will proceed expected by the end of this year, says a company spokesman.
This past weekend Divestco lost a valuable colleague, Rob Howey. Rob was an appreciated member of Divestco’s Seismic Processing team; his dry sense of humour, calm demeanour and commitment to his teammates will not be forgotten.
The editors of the Daily Oil Bulletin, Oilweek and JWNenergy.com will be at the JWN booth (7354) during GPS, June 13-15, from 1-3 p.m. daily, looking for companies to feature in our industry-leading publications.
DIVERGENT Energy Services Corp. will be conducting a non-brokered private placement of up to 5,000,000 common shares of Divergent at a price of 15 cents per common shares for aggregate gross proceeds of $750,000.
JWN is a division of an information communications company.
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