Tuscany Energy Ltd. believes a recent engineering report supports management’s view that more drilling on its Saskatchewan crude oil properties will result in the reclassification of contingent resources as reserves.
September 9, 2015, 10:07 AM MDT
An updated resources evaluation of Junex Inc.’s Galt field property in the Gaspe peninsula of Quebec has estimated proved plus probable reserves of 16,000 bbls (14,000 bbls proved) as its 70 per cent share of reserves from two formations.
September 1, 2015, 8:26 AM MDT
The uptick in oil and gas companies reporting contingent resources has led the Canadian Securities Administrators (CSA) to institute new rules surrounding the voluntary practice.
July 21, 2015, 9:06 AM MDT
Quattro Exploration and Production Ltd. says it has increased its proved plus probable (2P) reserves to 8.03 million boe as of June 30, 2015, including the closing of all previously announced acquisitions.
July 16, 2015, 9:56 AM MDT
According to the Alberta Energy Regulator’s (AER) latest supply and demand forecast, the province’s crude oil production peaked in 2014 and is expected to re-enter a period of slow decline.
July 2, 2015, 10 AM MDT
The Alberta Energy Regulator’s (AER) latest assessment of provincial oil and gas reserves and production shows that Alberta produced 1.1 billion bbls of raw crude bitumen and crude oil and 3.7 tcf of natural gas in 2014.
June 30, 2015, 10:56 AM MDT
Quebec City-based Junex Inc. says Netherland, Sewell & Associates, Inc. estimates Junex’s net share of recoverable oil in the Galt field on the Gaspé Peninsula at 55.7 million bbls.
June 9, 2015, 9:47 AM MDT
Canada’s total proved oil and liquids reserves climbed over 30 billion bbls in 2014, increasing 3.5 per cent to 30.08 billion bbls from 29.07 billion bbls at the start of the year.
June 3, 2015, 10:33 AM MDT
A total of seven companies reported Canadian proved oil and liquids reserves of one billion bbls or more in 2014.
June 3, 2015, 10:11 AM MDT
In total, 19 producers managed to add 100 bcf or more of proved gas reserves through drilling in 2014, up from 14 producers the prior year.
May 28, 2015, 10:18 AM MDT
May 27, 2015, 10:07 AM MDT
Natural gas producers across Canada added a record amount of reserves in 2014 through discoveries and extensions.
May 26, 2015, 11:18 AM MDT
Questfire Energy Corp. employed cash flow capital spending of $19.2 million to grow its year-end 2014 reserves in all categories.
April 8, 2015, 10:41 AM MDT
Leucrotta Exploration Inc. says that it increased its proved plus probable 2014 year-end reserves by 87 per cent to 25.54 million boe (55 per cent proved) and its proved reserves by 62 per cent to 14.07 million boe through the drill bit.
April 7, 2015, 10:08 AM MDT
Several unstimulated, commingled upper Mannville Group sandstones delivered exceptionally strong results on a recently recompleted well that was part of its 2014-2015 capital program, says Ikkuma Resources Corp.
April 7, 2015, 7:36 AM MDT
Shale plays dominated the top 100 oil and gas fields in the United States in 2013, according to a U.S. Energy Information Administration (EIA) study released this week.
April 7, 2015, 10:41 AM MDT
Niko Resources Ltd. says that Deloitte LLP has provided it with a resources evaluation report for the MJ discovery in the D6 Block in India.
April 7, 2015, 7:35 AM MDT
Twin Butte Energy Ltd. narrowed its full-year 2014 net loss to $57.34 million from $115.63 million a year earlier.
March 27, 2015, 9:45 AM MDT
Hawk Exploration Ltd. increased its proved plus probable (2P) reserves by 59 per cent for year-end 2014 to 2.88 million boe, while total proved reserves increased 17 per cent to 1.34 million boe.
March 25, 2015, 9:52 AM MDT
Toro Oil & Gas Ltd.’s independent reserve evaluation by Sproule Associates Limited shows that the company’s total proved plus probable (2P) reserves at year-end 2014 increased 79 per cent to approximately 2.47 million boe from 1.4 million boe a year earlier.
March 23, 2015, 8:54 AM MDT
In spite of challenges in the currently weak oil price environment, Sunshine Oilsands Ltd. has achieved significant progress in maturing independent recognition of its reserves and resources, says the company.
March 18, 2015, 9:13 AM MDT
Ironhorse Oil & Gas Inc.’s year-end 2014 gross proved plus probable (2P) reserves have been independently evaluated at 799,000 boe.
March 18, 2015, 11:16 AM MDT
Successful drilling and well recompletions at Flood and Wapiti along with the acquisition of Ki Exploration Inc. contributed to a 111 per cent increase in proved plus probable reserves in 2014, says Canamax Energy Ltd.
March 17, 2015, 11:29 AM MDT
With its busiest development year to date, drilling and placing on production 10 horizontal oil wells in Atlee Buffalo and two horizontal oil wells at Jenner, Hemisphere Energy Corporation increased its proved plus probable (2P) reserves by 61 per cent at Dec. 31, 2014.
March 17, 2015, 8:55 AM MDT
LGX Oil + Gas Inc. reported 5.8 million boe of proved plus probable (2P) reserves at year-end 2014, which is three per cent more than at year-end 2013.
March 16, 2015, 8:15 AM MDT