Headlines for Nov. 1, 2017

  1. Gas Price Volatility Creates Uncertainty Around 2018 Drilling Activity

    Rock bottom service pricing and improved field productivity will allow the Canadian oil and gas industry to drill 7,550 wells by year-end 2017, an increase of around 90 per cent over 2016, Mark Salkeld, president of the Petroleum Services Association of Canada (PSAC), said in releasing PSAC’s 2018 Canadian Drilling Forecast in Calgary on Oct. 31.

  2. Gas Now Flowing On NGTL Towerbirch Pipeline

    Montney natural gas producers in northeast British Columbia now have access to the NOVA Gas Transmission Ltd. system and North American markets on TransCanada Corporation’s Towerbirch Pipeline expansion which entered service today.

  3. AKITA Narrows Q3 Loss; Rig Activity Increases

    AKITA Drilling Ltd.’s net loss for the three months ended Sept. 30, 2017 was $3.81 million (21 cents per share basic and diluted) on revenue of $14.91 million compared to a net loss of $4.67 million (net loss of 26 cents per share basic and diluted) on revenue of $6.62 million for the corresponding period of 2016.

  4. Traverse Closes $500K Second Tranche Of Private Placement

    Traverse Energy Ltd. closed the second and final tranche of its previously announced non-brokered private placement of common shares issued on a flow through basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) at 46 cents per share.

  5. Union Gas 2017 Dawn-Parkway Expansion Now In Service

    Union Gas announced a C$622.5 million expansion of natural gas pipeline and compression facilities is now in service, which will support the reliable movement of affordable natural gas to Ontario homes and businesses and markets further east.

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