Seven Generations Energy Ltd. has reached an agreement that will significantly expand its ownership in the prolific and low-supply-cost Montney Nest liquids-rich natural gas play with the acquisition of about 30,000 bbls of oil equivalent of daily production, 155 net sections of Montney land and 199 million boe in proved reserves from Paramount Resources Ltd. for approximately $1.9 billion in total consideration consisting of cash, 7G shares and the assumption of a portion of Paramount's debt.
July 6, 2016, 1:45 PM MDT
Crown land spending in the first half of 2016 in Canada was $80.18 million, which is the lowest for a six-month period for at least 21 years, according to electronic data collected by the Daily Oil Bulletin.
July 6, 2016, 6 AM MDT
Scott Land & Lease Ltd. was the top buyer of Crown land in the first half of 2016, spending $34.55 million, with $29.49 million doled out for acreage in Alberta.
July 6, 2016, 6 AM MDT
Crown land spending in the first half of 2016 in Canada was $80.18 million, which is the lowest for a six-month period for at least 21 years, according to electronic data collected by the Daily Oil Bulletin.
July 6, 2016, 7:33 AM MDT
Canadian natural gas demand is expected to rise over the next 20 years to 18 bcf per day from 8.9 bcf per day in 2013, due in part to the shift away from coal-fired power generation along with population and economic growth, according to a new study by the Canadian Energy Research Institute (CERI).
July 6, 2016, 10:10 AM MDT
To paraphrase the great American author and humorist Mark Twain, reports of the House of Saud’s death have been greatly exaggerated. Saudi Arabia has survived several bouts of insecurity in the past. These include the occupation of the Grand Mosque in Mecca in 1979, being tarred ‘liberal apostates’ by the Sahwa in the 1990s, and the al-Qaeda threat in the early 2000s.
July 6, 2016, 8:24 AM MDT
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July 6, 2016, 6:59 AM MDT
A safe rig or worksite with workers outfitted in compliant FR PPE can reduce injuries, decrease business interruptions and improve productivity.
July 6, 2016, 11:47 AM MDT
For decades, operators have received mixed results using microbes to improve oil production, but a new generation of bio-enhanced oil recovery technology (BioEOR) promises to pump more oil with fewer disruptions and at lower costs.
July 6, 2016, 10:45 AM MDT
Advantage Oil & Gas Ltd. reported that its accomplishments during the second quarter of 2016 have further strengthened the foundation for its next chapter of growth to 350 mmcf equivalent per day (58,330 boe a day).
July 6, 2016, 6 AM MDT
Petrocapita Income Trust has executed a purchase and sale agreement to acquire all, or substantially all, of the assets of Palliser Oil and Gas Corporation from its receiver manager, FTI Consulting Canada Inc. (FTI), subject to approval of the Court of Queen’s Bench of Alberta.
July 6, 2016, 8:05 AM MDT
July 6, 2016, 9:25 AM MDT
July 6, 2016, 9:26 AM MDT
Earlier this year, NOVA Gas Transmission Ltd. applied to the National Energy Board (NEB) for a one-year extension to the sunset clause for its North Montney project, citing continuing uncertainty about the timing of Progress Energy Canada Ltd.’s (PETRONAS) Pacific NorthWest LNG project.
July 6, 2016, 7:40 AM MDT
July 6, 2016, 10:46 AM MDT
July 6, 2016, 10:19 AM MDT
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July 6, 2016, 11:15 AM MDT
The Alberta Energy Regulator (AER) has completed analysis of its pilot testing a single application process for all energy development in one play area. The play-based regulation (PBR) pilot, which applied to Duvernay shale lands near Fox Creek, Alta., ran from September 2014 to July 2015.
July 6, 2016, 9:06 AM MDT
On June 28, 2016 Madalena Energy Inc. and Point Loma Energy Ltd. completed a transaction pursuant to which, among other things, Point Loma acquired Madalena's non-core Canadian petroleum and natural gas assets focused in the Paddle River area of Alberta in exchange for common shares in the capital of Point Loma and a senior subordinate convertible debenture of Point Loma in the amount of $3 million with a five-year term accruing interest at three per cent per annum.
July 6, 2016, 9:08 AM MDT
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July 6, 2016, 11:19 AM MDT
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