Blackbird Energy Inc. (ticker: BBI) has released test results from its 3-27-71-7W6 Upper Montney delineation well. The well flowed at an average estimated sales rate of 1,188 BOEPD (53% liquids, liquids/gas ratio of 190 Bbls/MMcf) over the final 48-hours of …
From the Financial Post
TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …
Razor Energy Corp. (ticker: RZE) released a new reserves report today.
Total reserve values, on a proved developed producing basis discounted at 10% before tax, were $178.3 million, which represents an increase of 112% over year-end 2016. Total PDP reserve …
Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) …
Blackbird Energy Inc. (ticker: BBI) has released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of Blackbird’s previous operated development drilling.…
The United States will become a net energy exporter in 2022, according to the newly released Annual Energy Outlook 2018 (AEO2018) Reference case from the EIA.
The cause? EIA says changes in the petroleum and natural gas market are driving …
The nation’s largest state independent oil and gas association has come out in favor of keeping the North …
Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month.
Estimated sales …
From CBC
Signs of the Canadian oil and gas industry’s recovery from a punishing two-year downturn are emerging in unlikely places, including fine grains of sand.
Demand for the especially round and crush-proof type of sand used to help extract …
Suncor Energy Inc. (ticker: SU) will steadily ramp up its Fort Hills production following the safe startup of secondary extraction on January 27, 2018. Fort Hills, which is located 90 kilometers north of Fort McMurray, has …
BP appointed Starlee Sykes as its regional president for the Gulf of Mexico and Canada, effective Feb. 1, 2018. Sykes, who will continue to be based in Houston, currently serves as vice president for BP’s global projects organization for offshore …
The National Energy Board (NEB) will allow Enbridge Pipelines Inc. (ticker: ENB) to replace a 2.5 km segment of its Line 21 Norman Wells Pipeline located in the Northwest Territory of Canada. Enbridge applied to the NEB on March 10, …
Latin America-focused Frontera Energy Corporation (ticker: FEC) announced an exit rate production, after royalties and internal consumption, of 71,015 BOEPD as of December 31, 2017.
According to a company statement, exit rate production included 8,240 bbl/d from Block 192 in …
Alberta-based Razor Energy Corp. (ticker: RZE) announced Monday that the company has approved a corporate budget of $38.4 million for fiscal 2018. The budget will be deployed to …
Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch.
PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The …
Contract drilling rig and services provider Precision Drilling Corporation (ticker: PDS) reported its active rigs have increased by 16% compared to end of Q3 2017, the company said in an update.
Precision currently has 64 rigs active in the U.S., …
Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD …
From CBC Canada
Nova Scotia’s Liberal government is being urged to revisit its ban on hydraulic fracturing following the release of a new Energy Department analysis that found onshore natural gas resources in the province are worth between $20 billion …
Blackbird Energy Inc. (ticker: BBI) had production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play. Blackbird also completed its planned delineation program and provided its preliminary 2018 outlook.
Initial Production Results
Blackbird’s total corporate December sales …
International Petroleum Corp. (ticker: IPCO) has acquired conventional oil and gas assets in Alberta, Canada.
The Suffield and Alderson conventional oil and natural gas assets are held over a large, contiguous land position of 800,000 net acres of shallow natural …
Painted Pony Energy Ltd. (ticker: PONY) announced that effective January 1, 2018, the corporation completed an amalgamation with its two wholly-owned subsidiaries, UGR Blair Creek Ltd. and Painted Rock Resources Ltd., pursuant to Sections 181 and 184(1) of the Business …
Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market.
The federal government will propose new rules for regulatory vetting of all major development …
U.S. rig count is up by one from last week, to 931, according to Baker Hughes’ latest rig count data.
One land rig was added. Overall, the change from last year has been a positive gain of 278 rigs from …
From Reuters
CALGARY, Alberta/NEW YORK (Reuters) – Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices …
“Our company is undervalued” is a common phrase heard around investor conferences.
Executives are their own best cheerleaders and they constantly seek innovative ways to create value with their companies. Sometimes the assertion that …
Whitecap Resources Inc. (ticker: WCP) announced that it closed its acquisition of light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments.
The acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 …
Bellatrix Exploration Ltd. (ticker: BXE) announced a 2018 capital budget of $60 to $80 million. This budget is designed to create average production volumes of between 35,000 …
Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 …
Suncor Energy: 2017 Production Update
Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute.
Highlights
- Upstream production of 736,000 BOEPD
- Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills
- Syncrude produced 325,000 bbls/d for
…