Post Tagged with: "Canada"

Manitok Sets New Record Production

Manitok Sets New Record Production

Manitok announces production of 7.1 MBOEPD

Calgary-based Manitok Energy Inc. (ticker: MEI) announced that the company has set a new production record. Manitok is currently producing at levels exceeding 7.1 MBOEPD (40% light oil and liquids), based on field estimates

Blackbird Energy Sets Montney Completion Record without Coil Tubing

Blackbird Energy Sets Montney Completion Record without Coil Tubing

Stage Completions’ Bowhead II Technology Allows Blackbird to Achieve Montney Record in 1 Hour Stages

Blackbird Energy’s (ticker: BBI) 102/2-20-70-7W6 Upper Montney well has set a new record for the play. Using Stage Completions’ Bowhead II fracturing system, Blackbird was …

Source: Indianaaffairs.gov

Canada Wants to Phase Out Coal by 2030

Environment Minister Catherine McKenna speeds up Canada’s climate plan; further coal mining jobs in U.S. and Canada at risk

Canada will completely phase out coal power by 2030 as part of the country’s goal to meet greenhouse-gas reduction targets.

Upon …

November 23, 2016 - 3:04 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Blackbird Energy Spuds Well

Blackbird Energy Spuds Well

Blackbird spuds 3-28 Montney well at Elmworth

Blackbird Energy (ticker: BBI) announced that it has spud the 3-28 Upper Montney well. The well is located in the play’s “volatile oil” window, which is defined as having more than 250 barrels …

Oil Comes Back to Life in Canada

Oil Comes Back to Life in Canada

Canada is expecting a 31% increase in the number of wells drilled in 2017: CAODC

Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors …

November 22, 2016 - 5:46 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Oilsands Separation Cell Source: ostseis.anl.gov

Canadian Natural Resources Set to Restart Oil Sands Development

Canadian Natural Resources decides to move forward with the Kirby North project

The entire oil and gas industry has faced a difficult time with low oil prices since late 2014, but perhaps none more than oil sands producers, which were …

Tamarack Valley Makes $408 Million Transformative Acquisition, Targets Production to Grow by 57%

Tamarack Valley Makes $408 Million Transformative Acquisition, Targets Production to Grow by 57%

Tamarack Valley expects production of 19.5 MBOEPD at its midpoint in 2017 after closing deal

Tamarack Valley Energy (ticker: TVE) announced Wednesday that the company has entered into an agreement to acquire all of the issued and outstanding common shares …

Manitok Energy Closes Cardium Acquisition, Increases Production 37%

Manitok Energy Closes Cardium Acquisition, Increases Production 37%

Manitok acquires 1.8 MBOEPD of producing assets

Calgary-based Manitok Energy (ticker: MEI) announced today that the company closed its previously announced acquisition of certain assets of a private Alberta-based oil and gas company.

Manitok believes the assets will produce an …

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

Groups plan to file lawsuits to stop BC LNG

First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern …

October 26, 2016 - 6:19 pm Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Blackbird Energy Accelerates Business Plan with $13 Million Private Placement

Blackbird Energy Accelerates Business Plan with $13 Million Private Placement

Blackbird to continue delineating its liquids-rich Montney assets

Calgary-based Blackbird Energy (ticker: BBI) announced two non-brokered private placements of common shares Tuesday. 27,150,000 shares will be issued in total for proceeds of approximately $13 million. 16,500,000 of those shares were …

Shell Divests Shale Assets in Western Canada for $1 Billion

Shell Divests Shale Assets in Western Canada for $1 Billion

Shell sells non-core assets to Tourmaline Oil Corp. for US$1.04 billion

Royal Dutch Shell (ticker: RDSA) announced that its Canadian subsidiary has sold approximately 206,000 net acres of oil and gas properties, three 100%-operated gas plants and 719 kilometers (447 …

Baker Hughes Rig Count:  U.S. Up 11, Canada Up 24 since Last Week

Baker Hughes Rig Count: U.S. Up 11, Canada Up 24 since Last Week

Canadian Oil Drilling is More Active than a Year Ago

Drilling activity is picking up in North America as oil prices continue to climb higher this week. The latest information from Baker Hughes Industries (ticker: BHI) shows the U.S. added …

September 30, 2016 - 6:22 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Blackbird Executes on Midstream Development, Sets Up Clear Line of Sight on Cash Flow

Blackbird Executes on Midstream Development, Sets Up Clear Line of Sight on Cash Flow

Blackbird Energy receives approval for pipeline gathering system

Calgary-based Blackbird Energy (ticker: BBI) announced today that the company received approval for its infrastructure development, giving it a clear line of sight on future cash flow. The company immediately commenced construction …

Canadian Crude Oil Exports Up from 2015

Canadian Crude Oil Exports Up from 2015

Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD

Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according

September 27, 2016 - 6:18 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Manitok Energy Achieves Highest Production Rate in Two Years, More Wells to Come Online

Manitok Energy Achieves Highest Production Rate in Two Years, More Wells to Come Online

Manitok Energy produced 4,825 BOEPD even with production down time at Stolberg

Manitok Energy (ticker: MEI) announced Monday that the company’s production averaged 4,825 BOEPD from September 1, 2016 to September 19, 2016 (40% light crude and NGLs), the highest …

September 26, 2016 - 5:07 pm 360 Profile Company, Canada, Oil and Gas 360 Articles
Blackbird Energy Receives Final Approval for Acquisition

Blackbird Energy Receives Final Approval for Acquisition

Approved: Blackbird Energy will be 10% minority interest owner in completions technology and services company

Blackbird Energy (ticker: BBI) announced Thursday that the company received final approval from the TSX Venture Exchange for its proposed acquisition of an indirect 10% …

U.S. Offshore Rig Count Drops 42% Week-Over-Week

U.S. Offshore Rig Count Drops 42% Week-Over-Week

The U.S. rig count increased by 8 rigs in the week ended September 2, according to data from Baker Hughes Industries, reaching 497 in total. The number of oil rigs increased by 1 to 407, while gas rigs rose 7 …

Manitok Energy Announces 2Q Results, Updates Operations

Manitok Energy Announces 2Q Results, Updates Operations

Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2016 and provides an operational update.

The full text of Manitok’s second quarter results are contained …

Montney Player Blackbird Energy: an Exclusive Interview with CEO Garth Braun

Montney Player Blackbird Energy: an Exclusive Interview with CEO Garth Braun

Blackbird: looking at 2 tons per linear meter, coarser proppant, 40 stages

Blackbird Energy (ticker: BBI) is a technology-focused oil and gas exploration and development company working in the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. Blackbird holds …

Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada hopes to attract greater foreign investment with lower political risk and a skilled workforce

Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. …

Is the Montney the Next Marcellus?

Is the Montney the Next Marcellus?

Juan Jarrah, Oil & Gas Equity Research Associate at TD Securities, and Chris Snyder, Senior Director of Environmental Risk Management for Corporate Credit Canada at CIBC spoke at The Oil & Gas Conference® 21 last week in Denver.

The topic …

Newalta Corporation – Day One Breakout Notes

Newalta Corporation – Day One Breakout Notes

Newalta Corporation presents at EnerCom’s The Oil & Gas Conference®

 During Newalta Corporation’s breakout session, management was asked the following questions:

  •  The business model you have – serving three from one facility – couldn’t your competitors do the same thing?
August 18, 2016 - 11:27 am Canada, Closing Bell Story‎, Oil and Gas 360 Articles, TOGC21
Strategic Oil and Gas– Day Two Breakout Notes

Strategic Oil and Gas– Day Two Breakout Notes

Strategic Oil and Gas presents at EnerCom’s The Oil & Gas Conference®

During Strategic Oil and Gas’ breakout sessions, management was asked the following questions:

  • Are minerals bought or leased in Canada? What are drilling obligations?
  • Do you owns oil
Painted Pony Petroleum– Day Two Breakout Notes

Painted Pony Petroleum– Day Two Breakout Notes

Painted Pony Petroleum presents at EnerCom’s The Oil & Gas Conference®

During Painted Pony’s breakout sessions, management was asked the following questions:

  • Birchcliff did a big acquisition in the Montney is that something that you would consider?
  • Have you looked
Birchcliff Energy – Day Two Breakout Notes

Birchcliff Energy – Day Two Breakout Notes

Birchcliff Energy presents at EnerCom’s The Oil & Gas Conference®

During Birchcliff’s breakout sessions, management was asked the following questions:

  • Post Gordondale acquisition what price are you expecting in order to fund development from cash flow?
  • Where do you expect
Tamarack Valley Energy – Day Two Breakout Notes

Tamarack Valley Energy – Day Two Breakout Notes

Tamarack Valley Energy presents at EnerCom’s The Oil & Gas Conference®

During Tamarack’s breakout sessions, management was asked the following questions:

  • You did a stock offering, was there much dilution and will continue to consider stock options?
  • Who are the
Blackbird Energy – Day Two Breakout Notes

Blackbird Energy – Day Two Breakout Notes

Blackbird presents at EnerCom’s The Oil & Gas Conference®

 During Blackbird’s breakout session, management was asked the following questions:

  • Can you go over the differences between your sliding sleeve technology and normal sliding sleeves?
  • Is there a dissolvable component in
EnerCom Conference Presenter Focus:  Painted Pony Petroleum

EnerCom Conference Presenter Focus: Painted Pony Petroleum

Painted Pony Petroleum LTD. will present at EnerCom’s The Oil & Gas Conference® on Tues. Aug. 16, 2016

Painted Pony Petroleum (ticker: PPY) is a Canadian exploration and production company headquartered in Calgary, Alberta, operating in the natural gas liquids …

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

New acreage and production

Calgary-based Manitok Energy (ticker: MEI) announced today that it will acquire Raimount Energy (ticker: RMT) in an all-stock transaction.

Under the terms of the agreement, Manitok will acquire issued and outstanding common shares of Raimount through …

Canada’s Trailblazer into Mexico’s New Oil & Gas Sector:  International Frontier Resources

Canada’s Trailblazer into Mexico’s New Oil & Gas Sector: International Frontier Resources

Opportunity strikes for International Frontier Resources: Canadian E&P wins bid at auction in Mexico

After 77 years, the Mexican government held its auction for oil and gas rights in July of last year. The first auction since Mexico’s decision to …