Thursday, September 17, 2026

Encana Starts Up Midstream Processing Facility in the Montney

Two more coming online by year-end On September 20th Encana (ticker: ECA) announced a successful startup of the Tower processing plant. The Tower plant is the first of three Veresen Midstream facilities that support Encana in the Montney. The other two facilities, Sunrise and Saturn, are planned to start up by mid-October and before year-end, respectively. The three new plants

The Shale Boom in the Permian Is Slowing Down - 360

Permian vs. Ghawar: Total Permian Production Could Exceed 100 Billion Barrels – IHS

New Permian assessment that 60 billion to 70 billion barrels remain technically recoverable rivals Ghawar’s estimated 75 billion remaining barrels, rattles Saudis The world’s most popular unconventional basin has the reserves to match, according to recent analysis from IHS. The Permian may have enough hydrocarbons to supply the U.S. for decades to come. Initial results from IHS’s analysis indicates the

Duvernay Shale Deemed Largest Unconventional Oil Basin in Canada: NEB

22.4 billion BOE recoverable The National Energy Board of Canada released a resource assessment today, examining the Duvernay Shale of Alberta. Deposited during the Devonian Period, the Duvernay Shale is located throughout central Alberta, running from Grande Prairie almost to Calgary. Located near, and in some locations directly below the Montney, the Duvernay is part of the larger Western Canadian

Dallas Fed Takes Pulse of Energy Executives

Activity growing, but growth slowing: Fed survey The Federal Reserve Bank of Dallas released its quarterly Energy Survey today, giving the results of the bank’s survey of energy executives. Overall, these energy executives reported that business activity continues to increase, though at a slower pace than earlier in the year. The Fed’s business activity index, intended to represent changes in

Weekly Oil Storage: Drawdown Resumes

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 1,846 MBBL last week to 470,986 MBBL, from 472,832 MBBL. This is slightly below the 472,084 MBBL that was in storage at this point last year, and is 25% above the five-year