Commodity prices could be significantly higher in the second half of 2020 compared to now, says Josef Schachter, with WTI exceeding US$70/bbl and potentially even higher prices going into the future.
November 15, 2019, 12 AM MST
Challenging market conditions and low rig counts have forced some Canadian-based producers and service providers to reduce their workforce.
November 15, 2019, 7:42 AM MST
CES Energy Solutions Corp.’s third quarter results demonstrate how significant exposure to steady production chemical end-markets (particularly in the U.S.) allows for higher volume sales across a prudent cost structure, says management, thus generating significant free cash flow through a recurring revenue stream.
November 15, 2019, 11:44 AM MST
B.C.’s November land sale brought in $442,424 this week—one final sale is left to avoid setting an all-time low in annual bonus bids.
November 15, 2019, 9:18 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 15, 2019, as reported this morning by Rig Locator.
November 15, 2019, 10:53 AM MST
Several companies announced upcoming drilling projects this week, including Birchcliff Energy Ltd., Crest Jinn Petroleum Corporation, NuVista Energy Ltd., Suncor Energy Inc. and Torxen Resources Ltd. To review this week’s drilling leads, click here to go to the list of weekly project reports.
November 15, 2019, 9:21 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 15, 2019, 6 AM MST
In the heady days leading up to $142/bbl oil, Matthew Kielbasinski had more-or-less moved into his office at Tristone Capital in Calgary. He landed the job at the start of 2008, fresh out of Ontario’s McMaster University with a finance degree and after a few months of travelling, which he credits with expanding his world view.
November 15, 2019, 6 AM MST
November 15, 2019, 7:47 AM MST
November 15, 2019, 7:35 AM MST
November 15, 2019, 8:14 AM MST
Alberta Associate Minister of Natural Gas Dale Nally will travel to Japan and South Korea Nov. 15-23 to promote Alberta’s natural gas.
November 15, 2019, 12 AM MST
Birchcliff Energy Ltd. is currently in the process of finalizing its capital spending plans for 2020.
November 15, 2019, 7:33 AM MST
November 15, 2019, 11:02 AM MST
The U.S. rig count is down 11 rigs from last week to 806, with oil rigs down 10 to 674, gas rigs down one at 129, and miscellaneous rigs unchanged at three, according to Baker Hughes.
November 15, 2019, 11:05 AM MST
November 15, 2019, 8:07 AM MST
Well Resources Inc. says it has been granted a patent by the Canadian Intellectual Property Office for environmentally friendly, non-combustion uses for asphaltenes, the most carbon-intensive constituents in petroleum.
November 15, 2019, 12 AM MST
Prairie Provident Resources Inc. has deferred plans to drill one well to the first quarter of 2020 due to the widening of the WCS differentials.
November 15, 2019, 10:11 AM MST
November 15, 2019, 7:58 AM MST
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