Montney Archives - Page 5 of 6

UPDATE: Blackbird Energy Receives Capital for 12 Well Program

March 16, 2017

Update: Blackbird acquires additional acreage in the Montney Blackbird Energy Inc. announced that it has entered into a binding agreement with Knowledge Energy Inc. for the acquisition of two gross sections (two net) of Montney rights for total consideration of 1,923,077 Blackbird common shares. These lands are contiguous with Blackbird’s existing lands and will, upon closing, increase Blackbird’s Montney rights

The Permian is Not the Only Play with Great Stacked Pay

February 7, 2017

Saguaro Resources is realizing 46%+ IRRs in the Montney “Stacked pay” has become one of those phrases that you see in nearly every press release regarding a new acquisition in the Permian. As operators rush to the Delaware Basin and other parts of the Permian, investors are excited about the stacked pay potential of the acreage, and operators are willing

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

January 30, 2017

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all cash transaction (the “Transaction”) valued at approximately C$8.4 billion. WGL is a diversified energy infrastructure company which is the sole

Blackbird Energy Completes Elmworth Gathering System, Updates Montney Drilling and Stage Completions

January 11, 2017

Blackbird Energy Inc. (ticker: BBI) completed the construction of its 100% owned and operated 12-14-70-7W6 Elmworth facility and gathering system near the budget of $16.1 million. Commencement of production is anticipated by the end of January 2017, Blackbird said in a press release today. In conjunction with the construction of the facility and gathering system, Blackbird has tied-in the 6-26,

Chinook Energy Provides Update

January 4, 2017

Chinook Energy Inc. (ticker: CKE) reported that it has successfully completed its three-well (2.62 net wells) drilling program at Birley/Umbach, that was announced on November 9, 2016. Chinook said it drilled the wells on schedule and under budget by approximately 26% with average drilling costs of approximately $1.28 million per well ($1.12 million, net). The company expects to complete and

Blackbird Energy Sets Montney Completion Record without Coil Tubing

November 29, 2016

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 able to complete a 3,757 ton, 76 stage completion program at rates as high as 10 cubic meters per minute

The Market is Taking Note of The Montney Players

November 18, 2016

The stacked pay in the Montney is delivering higher EURs than the Permian at a fraction of the land cost Oil and gas operators have been increasingly sending capital in the Permian Basin as they look for the strongest returns amid continued weakness in crude oil prices. Billions of dollars have poured into the basin, which currently holds 41% of

Blackbird Energy Accelerates Business Plan with $13 Million Private Placement

October 25, 2016

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 issued on a “flow-through” basis pursuant to the Income Tax Act (ITA) in respect of Canadian Exploration Expenses (CEE) at

Exclusive Interview with Andy Mah, President and CEO, Advantage Oil & Gas

August 25, 2016

We have chased profitability and low cost structure: Mah Advantage Oil & Gas’s President and CEO Andy Mah spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Mah talked about drilling results in the Montney, the advantages of owning and operating a gas plant, and the plans for company growth beyond 2017. Calgary-based

Painted Pony Petroleum– Day Two Breakout Notes

August 16, 2016

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 at other regions of the Montney? Are you running into specific regulations that are affecting operations? Plans to move back

Birchcliff Energy – Day Two Breakout Notes

August 16, 2016

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 prices to be in the future? What level of debt to cash flow are you comfortable? Why are completion sand

Blackbird Energy – Day Two Breakout Notes

August 16, 2016

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 the sliding sleeve technology you are using? Can you talk more about how the ball dissolves and how long it

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