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. (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.
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
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
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 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 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 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
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
Improving energy prices put Alberta, Saskatchewan and British Columbia at the high-end of expected growth Improving oil prices are expected to help drive better economic growth in Canada in 2017, with the strongest forecasts being reported for traditionally energy-producing parts of the country, according to The Conference Board of Canada (TCBC). Alberta and Saskatchewan are expected to emerge out of
New incentives program designed to reward efficient drillers Alberta’s provincial government has decided to leave royalty rates largely unchanged after the leadership ran on a platform that promised to change rates to ensure the province was receiving its fair share. Alberta Premier Rachel Notley said that if the review found the timing was wrong to raise royalty rates, her party
From CBC News Greater oil price stability, fresh hope for new pipelines, should spur recovery Alberta is poised to emerge from one of the worst recessions in recent history and return to economic growth in 2017, says the Conference Board of Canada. “It appears that the worst may be over for Alberta, but the road to recovery won’t be easy,”
