Governments authorized a total of 7,202 new wells in 2022, up 28 per cent compared with 5,616 permits the prior year and a rise of 95 per cent from 3,685 licences in 2020.
January 16, 2023, 5:43 AM MST
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
ExxonMobil Canada Resources Company (“ExxonMobil Canada”) holds approximately 850,000 acres of mineral fee title lands in southern Alberta, Canada (the “South Grant Lands” or “SGL”), est. 75%+ of which is now available for third party leasing opportunities.
January 16, 2023, 10:26 AM MST
Broadview Energy Ltd. (“Broadview” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its non-core oil and natural gas interests located in the Marwayne area of Alberta (the “Property”).
January 16, 2023, 8:27 AM MST
In IFP Technologies (Canada) Inc v EnCana Midstream and Marketing, 2022 ABKB 807, the Court considered for the first time how to perform an accounting of profits from an oil and gas working interest between tenants in common where there is no operating agreement in place between the owners. The case has a long history and involved accounting for the profits earned by numerous operators over a twenty two-year period.
January 16, 2023, 6:13 AM MST
Cathedral Energy Services Ltd.’s board of directors has approved a net capital budget of $46 million for 2023.
January 16, 2023, 12 AM MST
Cathedral Energy Services Ltd. announced the departure of Chad Robinson, chief financial officer, effective immediately.
January 16, 2023, 12 AM MST
Suncor Energy Inc. announced that the agreement dated July 16, 2022 with Elliott Investment Management L.P. has, in the interest of continued co-operation, been amended by the agreement of the parties to extend the right for Elliott to appoint an additional director to the board of Suncor from Jan. 31, 2023 to March 17, 2023.
January 16, 2023, 5:40 AM MST
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
January 16, 2023, 8:26 AM MST
A skills development program has been created to help Canadian energy industry employees integrate sustainability and best practices related to Environment, Social & Governance (ESG) into the daily workplace.
January 16, 2023, 9:26 AM MST
January 16, 2023, 12 AM MST
January 16, 2023, 6 AM MST
Learn how to meet the applicable codes, standards and practices for emissions management in a new course delivered by two industry experts.
January 16, 2023, 9:27 AM MST
January 16, 2023, 8:32 AM MST
Lycos Energy Inc. announced a new $20.0 million senior-secured credit facility with the National Bank of Canada.
January 16, 2023, 8:23 AM MST
January 16, 2023, 10:17 AM MST
January 16, 2023, 12 AM MST
January 16, 2023, 12 AM MST
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