Drillers have made significant strides improving efficiency and reducing costs since the oil price collapse, and not just for hydraulic fracturing. Wins on the drill bit are a big deal in the oilsands too.
A trend that has emerged in a number of transactions that have been announced over the last few months in the Canadian oil and natural gas industry merger and acquisition (“M&A”) market is the use of shares as currency by both publicly-traded and privately-held oil and natural gas producers.
Data in CanOils’s new M&A review for August shows that 2017 has so far accounted for four of the 10 lowest monthly totals of upstream M&A deals in Canada since the start of 2014. That equates to half of the year displaying extremely low activity.
A moderate recovery in oil and gas activity in Western Canada won’t reabsorb all the workers that lost their jobs since late 2014 when oil prices crashed, but parts of the industry will struggle to fill positions, says a PetroLMI labour supply research report.
Heritage Resource Limited Partnership referred to as "Heritage" is marketing fee simple mineral rights for Farmout/Lease with respect to a Mannville prospect on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data.
Although Alberta is Canada’s largest producer of greenhouse gases due to its hydrocarbon-based economy, much of that is consumed in other provinces and a national carbon policy should take that into account, says a new report which examines another method of accounting for GHGs.
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