Unless there are sustained, long-term growth projections in the Western Canadian Sedimentary Basin, which unfortunately Mark Scholz does not see currently, he says it would be difficult for the many drilling rigs already relocated to the U.S. market to ever return to Canada, even if the domestic situation improves.
November 14, 2019, 10:03 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 14, 2019, as reported this morning by Rig Locator.
November 14, 2019, 11:38 AM MST
The groundbreaking business deal that saw two northern Alberta First Nations take a $545-million equity position in a major oilsands project was built on “deep trust and collaboration,” says a leader with Suncor Energy Inc.
November 14, 2019, 12 AM MST
The Daily Oil Bulletin has published the October edition of the On The Move newsletter.
November 14, 2019, 8:59 AM MST
Crescent Point Energy Corp. has agreed to sell certain associated gas infrastructure assets in Saskatchewan to Steel Reef Infrastructure Corp. for total cash consideration of $500 million.
November 14, 2019, 3:53 PM MST
November 14, 2019, 10:23 AM MST
When John Wilson sold his paving and road-building business six years ago, the Fort McMurray community took note. In the weeks and months that followed, the former owner of Wilson Industries was honoured in countless ways — Keyano College presented him with its Board of Governance Award, the Vista Ridge All Seasons Park named its new quad chair after him and the Wood Buffalo Sports Hall of Fame inducted him under the category of “builder”.
November 14, 2019, 6 AM MST
Lem Edillon was STEP Energy Services’ fifth hire in a company that today employs over 1400 people in Canada and the U.S.
November 14, 2019, 6 AM MST
Tourmaline Oil Corp. has completed the transaction creating Topaz Energy Corp., a private, hybrid royalty and infrastructure company with an $800 million capitalization and aggressive long-term growth plans.
November 14, 2019, 11:06 AM MST
November 14, 2019, 11 AM MST
Wells drilled on Freehold Royalty Ltd.’s royalty lands totalled 181 (6.1 net) in the quarter compared to 175 (6.3 net) in Q3 2018.
November 14, 2019, 8:28 AM MST
Freehold Royalties Ltd. appointed David Hendry as vice-president, finance and chief financial officer effective Dec. 1, 2019.
November 14, 2019, 8:34 AM MST
Zargon Oil & Gas Ltd. says it remains committed to reducing its inactive well count in order to facilitate possible business combinations with other small producers.
November 14, 2019, 8:47 AM MST
Pipestone Energy Corp. is forecast to complete the previously disclosed scope of its 2019 capital program well under its capital guidance range of $145 to $155 million.
November 14, 2019, 9:08 AM MST
Tidewater Midstream and Infrastructure Ltd. says it has decided to delay the expansion at Pipestone (Pipestone Plant 2) “until further notice” and plans to deploy “limited growth capital” in 2020 and focus on optimization and small capital projects with two to three year payouts.
November 14, 2019, 10:37 AM MST
Bellatrix Exploration Ltd. said that on Nov. 8, 2019, the Toronto Stock Exchange (TSX) delisted the common shares of Bellatrix as a result of the company’s initiation of creditor protection proceedings, as previously announced on Oct. 2, 2019.
November 14, 2019, 10:33 AM MST
November 14, 2019, 12 AM MST
Suncor Energy Inc.’s board of directors has approved an increase to the company’s current share repurchase program of an additional $500 million increasing the program from $2 billion to $2.5 billion.
November 14, 2019, 12 AM MST
November 14, 2019, 4:20 AM MST
November 14, 2019, 4:29 AM MST
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