Flat Lake currently makes up about 10 per cent of corporate production for its largest producer — Crescent Point Energy Corp. — and that output just keeps growing for the company as it implements a pilot waterflood in the resource play.
September 7, 2016, 7:54 AM MDT
The Canadian Association of Oilwell Drilling Contractors (CAODC) this morning revised its projected 2016 wells drilled to 3,562, a decrease of 25 per cent from the original forecast of 4,728.
September 7, 2016, 9:17 AM MDT
Industry should consider the possibility of flow-to-surface events as part of the risks and costs of extracting bitumen via steam-assisted methods, says the co-author of a newly-released research study that looked at lake samples from the Cold Lake oilsands region.
September 7, 2016, 6 AM MDT
Iraq’s crude oil production has made impressive gains to record high levels in recent years despite ongoing political dysfunction and the Islamic State controlling as much as a third of the country’s territory since the middle of 2014. But future production gains are in doubt for a combination of political and economic reasons, and Iraq could in fact see a decline in its crude oil production if ethnic and intra-ethnic rivalries were to lead to a multi-sided civil war.
September 7, 2016, 6 AM MDT
Natural gas spot prices at AECO, which had risen in July, lost most of their gain in August in response to high storage levels and continuing outages on the TransCanada PipelinesLtd. system.
September 7, 2016, 8:43 AM MDT
The Petroleum Services Association of Canada (PSAC), eager to see laid off workers back in the field, is trying a different tack to obtain government funding, and this time it is getting a warm response.
September 7, 2016, 8:14 AM MDT
Receivership sale.
September 7, 2016, 6 AM MDT
NOW is the time to "Optimize" your pumping wells.
September 7, 2016, 6 AM MDT
The University of Calgary will use this week’s federal grant — the largest it has ever received for energy research — to greatly reduce the environmental footprint of unconventional fossil fuel extraction.
September 7, 2016, 9:49 AM MDT
A one-time federal grant is helping the Northern Alberta Institute of Technology (NAIT) and its industry partners develop new nanotechnology that could strengthen critical pipelines, reduce the risk of oil and gas spills, and save industry billions of dollars.
September 7, 2016, 9:55 AM MDT
September 7, 2016, 6 AM MDT
Gibson Energy Inc. has received committed customer support for the construction of two new 400,000-bbl crude oil storage tanks and related pipeline connection infrastructure at the company's Edmonton Terminal.
September 7, 2016, 6 AM MDT
Whether you are in corporate development, part of an M&A team, or an investor, effective decision making requires a sound foundation in economic evaluations.
September 7, 2016, 8:10 AM MDT
Hardie & Kelly Inc. is accepting offers for R3 Canada's right, title and interest in R3 Canada's downhole drilling tools.
September 7, 2016, 6 AM MDT
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Yoho Resources Inc. received requisite shareholder approvals and approval of the Court of Queen's Bench of Alberta for its previously announced plan of arrangement.
September 7, 2016, 6 AM MDT
PHX Energy Services Corp.’s electronic drilling recorder (EDR) division, Stream Services, has commercially released its new DataStream EDR product line.
September 7, 2016, 6 AM MDT
Veresen Inc. announced that Veresen Midstream has secured $650 million of new credit facilities which will be primarily used to fund Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities.
September 7, 2016, 6 AM MDT
Enerflex Ltd. has closed its public offering of 8,952,750 common shares at a price of $12.85 per share, which includes 1,167,750 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $115 million.
September 7, 2016, 8:34 AM MDT
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Devon Energy Corporation has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the overpressured oil window of the STACK.
September 7, 2016, 6 AM MDT
Quebec City-based Pétrolia Inc. says it has confirmed the existence of a functional oil reservoir comprised of natural fractures on the Haldimand property.
September 7, 2016, 6 AM MDT
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