Razor Energy Corp. (ticker: RZE) released a new reserves report today.
Total reserve values, on a proved developed producing basis discounted at 10% before tax, were $178.3 million, which represents an increase of 112% over year-end 2016. Total PDP reserve …
Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) …
From Bloomberg
A shortage of rail cars in Canada is …
Blackbird Energy Inc. (ticker: BBI) has released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of Blackbird’s previous operated development drilling.…
The nation’s largest state independent oil and gas association has come out in favor of keeping the North …
Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month.
Estimated sales …
From CBC
Signs of the Canadian oil and gas industry’s recovery from a punishing two-year downturn are emerging in unlikely places, including fine grains of sand.
Demand for the especially round and crush-proof type of sand used to help extract …
Suncor Energy Inc. (ticker: SU) will steadily ramp up its Fort Hills production following the safe startup of secondary extraction on January 27, 2018. Fort Hills, which is located 90 kilometers north of Fort McMurray, has …
From Reuters/CBC
The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oilsands.
Now Canada …
BP appointed Starlee Sykes as its regional president for the Gulf of Mexico and Canada, effective Feb. 1, 2018. Sykes, who will continue to be based in Houston, currently serves as vice president for BP’s global projects organization for offshore …
The National Energy Board (NEB) will allow Enbridge Pipelines Inc. (ticker: ENB) to replace a 2.5 km segment of its Line 21 Norman Wells Pipeline located in the Northwest Territory of Canada. Enbridge applied to the NEB on March 10, …
Alberta-based Razor Energy Corp. (ticker: RZE) announced Monday that the company has approved a corporate budget of $38.4 million for fiscal 2018. The budget will be deployed to …
From the Financial Post
CALGARY – Regulatory hearings for a natural gas pipeline that has divided the Canadian oilpatch …
From Post Media/Fort McMurray Today
Premier Rachel Notley — once notably cool to Keystone XL — has stepped in to provide key support for the controversial pipeline.
TransCanada Corp. announced Thursday it had won a commitment of 500,000 barrels of …
The Keystone XL open season has concluded with 500,000 BOPD 20-year commitments secured. This allows the proposed project to proceed.
TransCanada Corporation …
Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD …
From CBC Canada
Nova Scotia’s Liberal government is being urged to revisit its ban on hydraulic fracturing following the release of a new Energy Department analysis that found onshore natural gas resources in the province are worth between $20 billion …
Blackbird Energy Inc. (ticker: BBI) had production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play. Blackbird also completed its planned delineation program and provided its preliminary 2018 outlook.
Initial Production Results
Blackbird’s total corporate December sales …
International Petroleum Corp. (ticker: IPCO) has acquired conventional oil and gas assets in Alberta, Canada.
The Suffield and Alderson conventional oil and natural gas assets are held over a large, contiguous land position of 800,000 net acres of shallow natural …
Blackbird Energy (ticker: BBI) has released its financial and operational results for the quarter ended October 31, 2017, Q1 2018 in Blackbird’s financial calendar.
Q1 2018 Production: While on production during the quarter, Blackbird produced 5.6 MMcf/d of natural …
Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market.
The federal government will propose new rules for regulatory vetting of all major development …
Inter Pipeline Ltd. (ticker: IPL) is getting help from the Canadian Government to build a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant with a price tag of $3.5 billion.…
From Reuters
CALGARY, Alberta/NEW YORK (Reuters) – Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices …
“Our company is undervalued” is a common phrase heard around investor conferences.
Executives are their own best cheerleaders and they constantly seek innovative ways to create value with their companies. Sometimes the assertion that …
Whitecap Resources Inc. (ticker: WCP) announced that it closed its acquisition of light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments.
The acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 …
Bellatrix Exploration Ltd. (ticker: BXE) announced a 2018 capital budget of $60 to $80 million. This budget is designed to create average production volumes of between 35,000 …
Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 …
From the Financial Post…
Advantage Oil & Gas Ltd. (ticker: AAV) said that the company’s board of directors has approved a 2018 capital budget of $175 million. The budget is funded through cash flow and will advance the Montney development and increase liquids production …
Marketable natural gas production in Canada totaled 13.4 billion cubic meters in September, up 3.6% from the same month a year earlier, Canada’s statistics bureau said. Alberta (73.4%) and British Columbia (24.2%) continued to account for most of Canadian production …
