Alberta – Page 6 – Oil & Gas 360

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

April 11, 2018

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 the escalating battle over the oil sands pipeline project, the Alberta Premier signaled on Tuesday she could put provincial taxpayers’

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

April 10, 2018

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 the final round, five finalists will compete to make use of actual flue gases from a Wyoming power plant. The

Strategic Oil & Gas Ltd. Reports 2017 Results

April 2, 2018

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 loss of $89.5 million, or $(1.94) per share. Strategic said the loss was driven by an impairment charge of $58.8

Raging River Exploration: EnerCom Dallas Conference Presenter

January 15, 2018

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 funds—$282 million—going toward its Viking assets in Alberta and Saskatchewan. The Duvernay light oil play will receive approximately $53 million

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

January 15, 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. Q3 2017 was the first full quarter of operations for Razor with both the Swan Hills and Kaybob assets operating.

Canada’s Natural Gas Production Climbs: Alberta Leads

December 13, 2017

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 in September. In August, natural gas transmission pipelines received 533.6 million gigajoules of natural gas from fields, gathering systems and

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

October 19, 2017

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 and Schlumberger (ticker: SLB) for cash proceeds of CAD$1.3 billion. The Palliser Block consists of oil and gas wells, surface

Exclusive Video Interview with Petrus Resources President & CEO Neil Korchinski

September 7, 2017

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 area of focus is the Ferrier area of Alberta where it targets liquids rich natural gas in the Cardium formation,

Blackbird Energy Continues to Capitalize on the Montney Shale

June 22, 2017

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 which are contiguous. Acquisitions Over the past several months, Blackbird has undertaken a number of acquisitions in order to increase

Granite Oil: Drilling Alberta Bakken, EOR to Shallow Declines

June 14, 2017

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 western portion of the play. In its Bakken play, Granite holds approximately 350,000 acres with 100% working interest. Granite currently

Bellatrix Exploration: Stability in the Spirit River

June 12, 2017

Bellatrix Exploration LTD (ticker: BXE) is a leader in liquids-rich gas production in Canada. Its core operations are in West Central Alberta, in the Spirit River formation. Bellatrix’s Spirit River assets—which total approximately 92,160 acres—are divided between the Ferrier, Willesden Green, Greater Pembina, and other smaller plays. The Spirit River assets as a whole make up 94% of corporate production—which

With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

May 30, 2017

KMI’s successful Canadian IPO provides cash to pay down debt, clearing path for Trans Mountain FID “Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project,” Kinder Morgan CEO Steve Kean said in a statement on May 25, 2017. The company’s Canadian business IPO was completed today and the shares began trading

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