Tuesday, September 2, 2025

Crestone Peak Winding Its Way through Colorado CDP Process in Preparation to Drill Assets on Boulder County Side of the Wattenberg

Second draft of Comprehensive Drilling Plan for Boulder County is posted for comment The second draft of the Crestone Peak Comprehensive Drilling Plan for its Boulder County assets has been reviewed by the Colorado Oil & Gas Conservation Commission (COGCC) and the commission posted the second draft (preliminary) Monday on its website. Crestone Peak’s objective is to develop its oil

Blackbird Energy Inc. (TSX-V: BBI) 2017 Year End Results

2017 highlights Equity financing – closed an upsized and over-subscribed marketed public offering for total gross proceeds of $84.8 million on March 14, 2017 Reserves – reported Pipestone/Elmworth Montney proved plus probable (2P) reserves of $395 million Revenue – $6.2 million during the year ended July 31, 2017, with $48.8 million of working capital surplus Q4 and 2017 production: While

Pressured for Profit, Oil Majors Bet Big on Shale Technology

Majors bring highly automated systems from offshore to shale plays From Reuters HOUSTON (Reuters) – Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once – without ever setting foot on a rig. Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from

Shell Returns to Cash Dividend, Targets 50% Carbon Footprint Reduction by 2050

Q4 2017 dividend all-cash, $25 billion in share buybacks Shell held its Management Day today, outlining the company’s strategy and outlook in the mid-term. One of the immediate highlights of this presentation is the cancellation of Shell’s scrip dividend program. The company began paying part of its dividend in stock during the downturn, in an attempt to save cash. Rising

Challenges for Western Canada Heavy Oil Point to Continued Export to U.S. Gulf Coast

IHS Markit has released a new study called, “A New Look: Extracting Value from the Canadian Oil Sands.” The report presents a post-oil price collapse update to a 2013 analysis on the economics of processing heavy oil in Alberta and other select jurisdictions. Bitumen-related problems: too heavy for pipelines Bitumen is the extra-heavy oil found in the oil sands. Making