By Tyler Losier, Energy Reporter, Oil & Gas 360 Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with operations across North America, has entered into a series of binding asset purchase agreements (APAs) to sell all of its
Calgary-based oilfield service company Ensign Energy Services Inc.’s (stock ticker: ESI) offer to purchase all the common shares of Trinidad Drilling Ltd. (stock ticker: TDG), a contract drilling and services company, for $1.68 per share has expired. Trinidad will proceed with a special meeting of Trinidad shareholders scheduled for January 31, 2019 to consider, and approve, an ongoing private subsequent acquisition transaction. Ensign appointees began to
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 analysts say they’d be shocked if the company didn’t eventually build the project. The Calgary-based pipeline company announced a $1.6-billion
Calgary-based Calfrac Well Services Ltd. (stock ticker: CFW) provided details today on its 2019 capital program: Approximately $149 million will be spent, including $126 million of maintenance capital $11 million of refurbishment capital and $12 million related to corporate initiatives Approximately $10 million that is remaining from Calfrac’s 2018 capital program is expected to be spent in 2019 Fernando Aguilar, Calfrac’s president and CEO, said that more than 80% of the
Nov 1, 2018 CALGARY, Nov. 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 20 years of experience in the oil and gas industry in a variety of senior management roles which included a diversity of both technical and
Vermilion Energy (ticker: VET) held its Q3 conference call this week, elaborating on its temporary withdrawal from the Netherlands, share buybacks, basin potentials and budget assumptions. Fund flows from operations (“FFO”) for Q3 2018 were $261 million ($1.71/basic share), an increase of 34% from the prior quarter (18% on a per share basis) driven by higher production volumes and higher commodity
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 in March, one month ahead of schedule. Production for the quarter was 2,183 BOEPD. According to the company’s April 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.
Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system. More in the Montney Blackbird increased its Pipestone/Elmworth Montney rights to 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469
Advantage presents at EnerCom’s The Oil & Gas Conference® During Advantage’s breakout session, management was asked the following questions: Is your hedging fix-priced? What if you don’t get your target hedge price? Can you talk a little more about the situation around the TransCanada pipeline (TCPL)? So you mean that you have some firm transportation capacity? Does this transportation get
Vermilion Energy presented at EnerCom’s The Oil & Gas Conference® During Vermilion’s breakout session, management was asked the following questions: What drilling activity is going on in the Eastern Powder River Play (Wyoming)? How much does one of these wells cost? How long are the laterals in these wells? What percentage of your total CAPEX goes into France? How many
CALGARY, ALBERTA–(Marketwired – April 11, 2016) – NEW WEST ENERGY SERVICES INC. (TSX VENTURE:NWE) today announced that at the special meeting held on April 7, 2016, NWE shareholders overwhelmingly approved the previously announced proposed private placement financing and the creation of a new “control person” in William A. Rand, NWE’s Chairman. At the meeting, 45.44% of the issued and outstanding
