Post Tagged with: "Alberta"

Blackbird Energy Announces Record Results

Blackbird Energy Announces Record Results

Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018.

 

Highlights from the Q1 2019 Results:

Petroleum and Natural Gas Sales

  • $7.4 million ($46.31/boe) of petroleum and natural gas
December 27, 2018 - 4:22 pm Canada, Closing Bell Story‎, International
Blackbird, Pipestone Combination Gets Thumbs Up  

Blackbird, Pipestone Combination Gets Thumbs Up  

Alberta-based Blackbird Energy Inc. (stock ticker TSX-V: BBI) shareholders have approved the strategic combination of Blackbird and Pipestone Oil Corp. by a majority of over 99% of votes cast.

Blackbird is focused on the condensate and liquids-rich Montney fairway at

Source: Financial Post

Pembina Delays FID on $3.5B Plastics Plant, Seeks Partner for LNG Project

From Financial Post

Pembina is looking to reduce its wholly owned Jordan Cove LNG project to between 40% and 60%

CALGARY — Pembina Pipeline Corp. officially delayed an investment decision on a $3.5-billion petrochemical facility in Alberta on Monday, but …

December 13, 2018 - 12:30 pm Canada, Closing Bell Story‎, Energy News, LNG
Alberta’s Output-Cut Mandate May Be Driving Oil Prices Too High

Alberta’s Output-Cut Mandate May Be Driving Oil Prices Too High

From Bloomberg

Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well.

Just over a week after Premier Rachel Notley announced that oil producers will be required to curtail output by 8.7 percent, the …

December 13, 2018 - 6:00 am Canada, Closing Bell Story‎, Crude Oil News, Energy News
Alberta Seeks Refinery Proposals to Prevent Future Oil Shocks

Alberta Seeks Refinery Proposals to Prevent Future Oil Shocks

From Bloomberg

Alberta’s government is seeking expressions of interest for adding crude-refining capacity as the oil-rich province works to extract more value from its resources.

The province will accept submissions until Feb. 8 and will consider greenfield projects and expansions …

December 13, 2018 - 6:00 am Canada, Closing Bell Story‎, Crude Oil News, Energy News
Province Hands Out Notices to Companies Forced to Cut Oil Production

Province Hands Out Notices to Companies Forced to Cut Oil Production

From Edmonton Journal

The province is in the process of notifying the 25 companies that will have to make production cuts to reduce the oil differential, says Alberta’s energy minister.

“Right now we’re working with each individual company,” said Energy …

December 6, 2018 - 1:58 pm Canada, Closing Bell Story‎, Energy News, International
A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Suncor Responds to Government of Alberta’s Decision to Cut Oil Production

Suncor Energy provides update following Government of Alberta’s decision to cut oil production

Alberta Orders Oil Production Cuts For 2019

Alberta Orders Oil Production Cuts For 2019

Cut will remove 375 MBOPD, or 8.7%
OPEC isn’t the only group planning an oil production cut for 2019.

Alberta Premier Rachel Notley announced temporary production cuts on Sunday as part of an effort to shore up pricing for ailing

Province of Alberta Buying Rail Cars to Ship Crude Amid Pipeline Pinch

Province of Alberta Buying Rail Cars to Ship Crude Amid Pipeline Pinch

From Bloomberg

Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices.

The province has engaged a third party to negotiate the purchases and a deal …

November 29, 2018 - 4:34 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Bellatrix Clears Path that will Allow Production Volumes to Grow Beyond 60,000 BOEPD

Bellatrix Clears Path that will Allow Production Volumes to Grow Beyond 60,000 BOEPD

Higher production volumes, lower expenses, continued debt reduction = formula for success
Bellatrix Exploration (ticker: BXE) increased its production volumes in Q3. Production volumes averaged 33,530 BOEPD (72% natural gas weighted). The company is focused chiefly on the Spirit River

Advantage Appoints COO

Advantage Appoints COO

Nov 1, 2018

CALGARYNov. 1, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce the appointment of Mr. Michael Belenkie to the position of Chief Operating Officer.  Mr. Belenkie has over

November 2, 2018 - 3:59 pm Canada, Closing Bell Story‎, Corporate Governance
Cenovus Eyes Further Expansion of Crude-by-Rail Deals

Cenovus Eyes Further Expansion of Crude-by-Rail Deals

From Reuters

 

CALGARY, Alberta (Reuters) – Canadian oil producer Cenovus Energy Inc (CVE.TO) is considering further expansion of its agreements to move crude by rail on Canada’s two major railways, its chief executive said on Wednesday.

Last …

November 1, 2018 - 1:30 pm Canada, Closing Bell Story‎, Crude Oil News
Source: Tidewater Energy

Tidewater announces approval of Pipestone Montney Gas Processing Plant

Tidewater announces regulatory approval of Pipestone Montney Gas Processing Plant

October 18, 2018 - 7:00 am Closing Bell Story‎, Press Releases
Bellatrix Buys Back Ferrier Acreage

Bellatrix Buys Back Ferrier Acreage

West Central Alberta-based Bellatrix Exploration Ltd. (ticker: BXE) announced today that it entered into an agreement with Grafton Energy Co. I Ltd.

The agreement states that Bellatrix will acquire all Grafton’s remaining assets in Bellatrix’s core Ferrier area for further

Cenovus Secures Contracts to Move Its Oil from Alberta to U.S. Gulf Coast by Rail, Price in $ Mid-High Teens

Cenovus Secures Contracts to Move Its Oil from Alberta to U.S. Gulf Coast by Rail, Price in $ Mid-High Teens

Cenovus signs rail deals to transport oil to U.S. Gulf Coast

September 27, 2018 - 7:07 am Canada, Closing Bell Story‎, Midstream, Press Releases
Point Loma Resources: Industry Pays $33 million for Duvernay Shale Oil Acreage Near Company Lands

Point Loma Resources: Industry Pays $33 million for Duvernay Shale Oil Acreage Near Company Lands

From FSC Wire

Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to provide an update on its emerging Duvernay shale oil play, highlighted by the May 30th Alberta Land sale where 81,920 acres near …

June 5, 2018 - 12:15 pm Canada, Closing Bell Story‎, Energy News
Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Strategic Oil & Gas Ltd. (ticker: SOG) is an oil and gas company based in Calgary, Canada.

In the first quarter of 2018, Strategic drilled two horizontal Muskeg development wells at west Marlowe in northwestern Alberta. The wells commenced production …

Alberta Oil Industry Could See Bottleneck Relief in Rail Deals

Alberta Oil Industry Could See Bottleneck Relief in Rail Deals

From The Star

CALGARY—Alberta’s beleaguered oil industry may, in the second half of the year, get some relief from its persistent shipping bottlenecks as producers strike deals with rail companies to move more crude.

Oil producers and railroads have room …

April 26, 2018 - 2:02 pm Canada, Closing Bell Story‎, Transportation
Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.

“The …

Razor Energy Reports Q4

Razor Energy Reports Q4

Razor Energy Corp. (ticker: RZE) recorded a positive Q4 2017 net income of $2.3 million, or $0.14 per share. For 2017, the company had a net loss of $3.7 million, or $(0.27) per share. The company produced 4,534 BOEPD in …

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

From The Globe and Mail

CALGARY, VICTORIA AND OTTAWA

Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets.

In …

April 11, 2018 - 3:04 pm Canada, Closing Bell Story‎, Energy News, Midstream, MLP News
$20 Million XPRIZE: International CO2 Competition Leaps to Final Round for 5 Wyoming and 5 Alberta Teams

$20 Million XPRIZE: International CO2 Competition Leaps to Final Round for 5 Wyoming and 5 Alberta Teams

One Alberta team and one Wyoming team will each collect a $7.5 million grand prize

Finalist teams are from India, China, Scotland, Canada and the U.S. – competition is sponsored by NRG Energy and Canada’s Oil Sands Innovation Alliance

In

April 10, 2018 - 7:56 am Closing Bell Story‎, Energy News, Power Generation
Strategic Oil & Gas Ltd. Reports 2017 Results

Strategic Oil & Gas Ltd. Reports 2017 Results

Northern Alberta operator Strategic Oil & Gas Ltd. (ticker: SOG) has posted Q4 and full year 2017 results. The company had a net loss of $41.3 million, or $(0.89) per share in Q4 2017. For 2017, Strategic had a net …

Raging River Exploration: EnerCom Dallas Conference Presenter

Raging River Exploration: EnerCom Dallas Conference Presenter

Raging River Exploration Inc. (ticker: RRX) is an oil and gas producer focused primarily in the Viking oil play in Alberta and Saskatchewan.

2018 CapEx and guidance

Raging River plans to spend $335 million in 2018, with the majority of …

Razor Energy Corp. is Presenting at EnerCom Dallas Feb. 21-22, 2018

Razor Energy Corp. is Presenting at EnerCom Dallas Feb. 21-22, 2018

Razor Energy Corp. (ticker: RZE) is an oil and gas development and production company headquartered in Calgary, Alberta, with an emphasis on acquiring and enhancing producing oil and gas properties in Alberta.

The company recently released its Q3 2017 results. …

Canada’s Natural Gas Production Climbs: Alberta Leads

Canada’s Natural Gas Production Climbs: Alberta Leads

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 …

Cenovus Inks CAD $1.3 Billion Deal to Sell Palliser Assets to Schlumberger, Torxen

Cenovus Inks CAD $1.3 Billion Deal to Sell Palliser Assets to Schlumberger, Torxen

Current production of 54,000 BOEPD – SLB, Torxen plan 1,600 well program starting in 2018

Cenovus Energy Inc. (ticker: CVE) said it will sell its Palliser crude oil and natural gas assets in southeastern Alberta to privately held Torxen Energy …

Exclusive Video Interview with Petrus Resources President & CEO Neil Korchinski

Exclusive Video Interview with Petrus Resources President & CEO Neil Korchinski

Petrus Resources: Ferrier Cardium play delivering superior economic returns

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Petrus Resources (ticker: PRQ) President & CEO Neil Korchinski.

Petrus’ prime …

Blackbird Energy Continues to Capitalize on the Montney Shale

Blackbird Energy Continues to Capitalize on the Montney Shale

Blackbird Energy Inc. (ticker: BBI) is pure-play focused on the Pipestone liquids-rich corridor of the Montney shale. The company holds a total of 120 gross, 103.9 net sections—equivalent to 76,800 gross, 66,496 net acres—in the Montney shale play, all of …

Granite Oil: Drilling Alberta Bakken, EOR to Shallow Declines

Granite Oil: Drilling Alberta Bakken, EOR to Shallow Declines

Granite Oil Corp. (ticker: GXO) has established its operational core in the Bakken siltstone play, located in southern Alberta. The company is focused on further developing the play’s enhanced oil recovery (EOR) operations and on building additional profile on the …