Paul Wells

Paul joined the Daily Oil Bulletin in 2006 as a reporter, where his beats have included merger and acquisition activity, environmental issues and unconventional resources. Prior to joining JWN, he was an editor for the Cochrane Times and the Airdrie Echo. Paul was also a staff writer for Sun Media from 1999 until 2005 (special sections) and a freelance writer/editor for numerous publications including the Calgary Herald and Alberta Report magazine.

  • IPC Head Calls BlackPearl Acquisition ‘Transformational’

    International Petroleum Corp. (IPC) is increasing its Canadian presence, announcing this morning it is acquiring BlackPearl Resources Inc. in an all-stock deal that IPC’s top executive calls a “transformational acquisition.”

    October 10, 2018, 3:57 AM MDT

  • IPC Bulking Up Its Canadian Asset Base

    In the acquisition announced this morning, International Petroleum Corp. (IPC) will acquire the Canadian asset base of BlackPearl Resources Inc. to combine with IPC's existing Canadian and international assets.

    October 10, 2018, 11:23 AM MDT

  • Canada Finally Getting Its LNG Plant: LNG Canada Moving Ahead With Export Facility Near Kitimat

    LNG Canada announced that its joint venture participants — Royal Dutch Shell plc, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation — have taken a final investment decision (FID) to build the LNG Canada export facility in Kitimat.

    October 2, 2018, 1:04 AM MDT

  • LNG Canada’s Positive FID A Bright Spot For Downtrodden Natural Gas Producers

    Royal Dutch Shell plc and its LNG Canada partners’ decision to move forward with the massive $40 billion project is welcome news for the beleaguered Western Canada natural gas sector.

    October 2, 2018, 11:11 AM MDT

  • Husky’s Hostile Bid For MEG A ‘Compelling Offer’: Peabody

    Husky Energy Inc.’s top executive says the company’s $6.4 billion hostile bid for oilsands rival MEG Energy Corp. is a “compelling offer that will result in a stronger Canadian energy company with unmatched resilience to market conditions.”

    October 1, 2018, 7:32 AM MDT

  • MEG To Evaluate Offer, Husky Willing To Engage In Discussions

    MEG Energy Corp. says its board of directors will consider and evaluate Husky Energy Inc.’s unsolicited $6.4 billion offer and related takeover bid circular, if and when received.

    October 1, 2018, 9:56 AM MDT

  • AER’s Goodman To Assume Top Role At EPAC

    Gary Leach’s 12-year tenure as president of the Explorers and Producers Association of Canada (EPAC) is winding down as the association announced Tuesday he will retire effective Nov. 12.

    September 26, 2018, 10:41 AM MDT

  • Kenney Talks Up Alberta Energy During India Trip

    Alberta United Conservative Party (UCP) leader Jason Kenney’s says his six-day sojourn to India last week included a focus of “selling Canadian energy in India.”

    September 24, 2018, 7:13 AM MDT

  • Alberta Energy Bulletin Increases Liability Concerns For Land Agents

    Alberta Energy has reviewed its administrative processes across all commodities for the management of mineral tenure agreements that fall into rental default, a development that has changed the go-forward game plan for land and lease brokers in the province.

    September 17, 2018, 8:46 AM MDT

  • Encana Expects To Double Montney Liquids Volumes For The Second Straight Year

    Encana Corporation is on track to double its Montney liquids production for the second year in a row and expects to exit the year averaging between 55,000 and 65,000 bbls/d, a conference heard this morning.

    September 6, 2018, 10:06 AM MDT

  • Crescent Point To Focus Operations, Sell Some Producing And Infrastructure Assets

     Crescent Point Energy Corp.’s new transition plan is targeting a net debt reduction of over $1 billion by year-end 2019 through a disciplined return-focused budget and asset dispositions, company officials said this morning.

    September 5, 2018, 11:08 AM MDT

  • Crescent Point Announces New CEO, Headcount Reduction

    Crescent Point Energy Corp. officially has a new top executive and will undertake a substantial workforce reduction of 17 per cent, the company announced this morning.

    September 5, 2018, 11:56 AM MDT

  • It’s Been A Rough Week For The AECO Spot Price

    It’s been a bumpy ride for the AECO spot price recently as it dipped to negative levels before rising slowly.

    August 24, 2018, 3:47 AM MDT

  • Evolving Oil And Gas Labour Needs Present Challenges And Opportunities

    Numerous factors are shaping the future labour needs of Canada’s oil and gas sector, and industry and educators continue in their efforts to address the need for new and evolving skill sets that will be required going forward.

    August 20, 2018, 8:13 AM MDT

  • ‘Lot Of Work To Do’ On Bill C-69: McCuaig-Boyd

    Alberta Energy Minister Marg McCuaig-Boyd said her concerns over the competitive impact the federal government’s Bill C-69 to replace the National Energy Board (NEB) would have on her province’s oil and gas sector were heard loud and clear at a ministers’ conference in Northern Canada this week.

    August 14, 2018, 11:39 AM MDT

  • Ensign Looks To Take Over Trinidad In $947 Million Hostile Bid

    Ensign Energy Services Inc. has made a $947 million hostile bid to acquire Trinidad Drilling Ltd. just two weeks after Trinidad had announced it was ending its strategic alternatives process.

    August 13, 2018, 3:33 AM MDT

  • Inter Pipeline Continues To Advance Heartland Complex; Sets Funds Flow Record

    Inter Pipeline Ltd.’s top executive says civil construction and fabrication activities at the $3.5 billion Heartland Petrochemical Complex advanced considerably during the second quarter.

    August 10, 2018, 10:38 AM MDT

  • Murphy Hikes Duvernay Spending, Q2 Production

    Murphy Oil Corporation has raised its 2018 capital expenditure budget by six per cent to US$1.18 billion, with US$50 million of the increased spend being allocated to its Kaybob Duvernay program.

    August 9, 2018, 11:14 AM MDT

  • Trinidad’s Q2 Results Improve On Stronger Canadian And U.S. Industry Conditions

    Trinidad Drilling Ltd. says industry conditions in Canada have improved throughout 2018 and into the third quarter, driving higher activity levels and dayrates than initially expected.

    August 8, 2018, 11:14 AM MDT

  • Is The Shaunavon Beginning To Show Signs Of Old Age? Depends On Who You Talk To

    An article recently posted on the National Energy Board (NEB) website that suggests newer wells drilled into Saskatchewan’s Shaunavon formation are producing less over their lifetime despite improved technology and drilling and completion techniques doesn’t paint an accurate picture, say the top operator in the play and provincial oil and gas officials.    

    August 7, 2018, 7:48 AM MDT

  • IPC Focuses On Gas Optimization Program At Suffield

    International Petroleum Corporation’s (IPC) second quarter Canadian natural gas production at Suffield of 17,800 boe/d outperformed guidance due to strong recovery with the warmer weather and successful gas optimization campaign results to date.

    August 7, 2018, 10:26 AM MDT

  • Brookfield Bullish On Future Of The Montney, FID For LNG Project

    Brookfield Infrastructure CEO Sam Pollock says his company is extremely bullish on the future of the Montney and liquefied natural gas development in Western Canada.

    August 3, 2018, 3:16 AM MDT

  • Pengrowth Continues To Advance New Development Plan

    Pengrowth Energy Corporation’s second quarter production dropped 54 per cent compared to the same period last year due to output lost in the company’s 2017 divestment program as the company embarks on its new multi-year development plan.

    August 3, 2018, 10:49 AM MDT

  • Condensate The Key Driver As 7G Grows Production, Funds Flow

    Led by strong increases in condensate and liquids volumes, Seven Generations Energy Ltd.’s second quarter production averaged 187,100 boe/d, a 13 per cent increase compared to 165,200 boe/d during the same period in the prior year.

    August 2, 2018, 10:52 AM MDT

  • Whitecap Ups 2018 Production Outlook, Spending Stays The Same

    After a better than expected operational performance in the second quarter, Whitecap Resources Inc. is increasing its annual production guidance for 2018 to 74,000 –75,000 boe/d from previous guidance of 73,600 – 74,800 on an unchanged development capital program of $450 million.

    August 1, 2018, 10:23 AM MDT