CALGARY, Dec. 5, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has entered into an agreement with a TSX-listed issuer to sell certain non-core assets in the greater Harmattan area of Alberta for $80 million (before customary closing adjustments). The transaction is expected to close prior to December 31, 2016, with an effective date of December 1, 2016. The $80 million purchase price will be payable $65 million in cash [Read more]
Archives for December 2016
Energy East still needed despite approval for western pipelines: N.B. premier
FREDERICTON - New Brunswick's premier says there's still a strong need for the proposed Energy East pipeline despite the federal government's approval of two pipeline expansions in western Canada. "One way to potentially interpret this is that the Trudeau government has shown that they're willing to approve projects that will get our resources to market," Brian Gallant said. Prime Minister Justin Trudeau last week announced that work can proceed on the Kinder Morgan Trans [Read more]
Energy Transfer Partners and Sunoco Logistics Partners Respond to the Statement from the Department of the Army
DALLAS & NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners L.P. (NYSE: SXL) announced that the Administration’s statement today that it would not at this time issue an “easement” to Dakota Access Pipeline is a purely political action – which the Administration concedes when it states it has made a “policy decision” – Washington code for a political decision. This is nothing new from this Administration, since over the last four [Read more]
Obama Admin. Blocks Dakota Access Pipeline Months After Approving It
The U.S. Army Corps of Engineers will not be granting the company building the Dakota Access Pipeline (DAPL) the easement it needs to cross the Missouri River, despite the project being nearly complete. American Indians and environmentalists camped out at the project’s construction site hailed the decision a victory, while Energy Transfer Partners and pipeline supporters are bashing the Corps for reversing its stance on the project. Army Assistant Secretary for Civil Works Jo-Ellen Darcy [Read more]
Vancouver mayor’s national profile on the rise in pipeline debate
VANCOUVER - The ever-simmering world of pipeline politics is once again threatening to boil over after the federal government approved the Trans Mountain project, as both backers and critics of the polarizing proposal mobilize for what many predict will be a fierce and lengthy battle. While a litany of local politicians, First Nations and environmental groups have come out in opposition to Trans Mountain, some observers predict Vancouver Mayor Gregor Robertson will emerge as a key figure [Read more]
How Trump Could Create Millions Of Energy Jobs
President-elect Donald Trump wants to create millions of jobs by removing restrictions on American energy development, and the numbers seem to add up. Trump pledged in late November to “cancel job-killing restrictions on the production of American energy — including shale energy and clean coal — creating many millions of high-paying jobs.” A study found that the removal of drilling restrictions on federal lands and water could create 2.7 million energy jobs, while another 1.8 million could be [Read more]
Western Canada adds 26 rigs to its weekly count
Western Canada added 26 rigs to its weekly count according to Baker Hughes. It's the biggest weekly gain since January this year. 20 gas rigs were added along with 6 oil rigs. The number of rigs drilling is up 13% year over year as prices begin to improve for both crude oil and natural gas. Alberta saw the biggest gain, adding 20 drilling rigs to a total active fleet of 128. See the full rig count with interactive chart on the BOE Report Rig Count page. [Read more]
This week’s new oil and gas jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up here to create an account to post jobs; it's simple and easy to use. Senior Exploitation/Reservoir Engineer/Manager Razor Energy Corp. (the “Company”), is a new junior oil and gas start-up is seeking to add a Senior Exploitation/Reservoir Engineer/Manager to the roster. Currently we are [Read more]
Cardinal Energy Ltd. Announces Appointment of New Officer and Confirms Monthly Dividend for December
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that Dale Orton, P. Eng. will join its management team in a Vice President capacity effective December 1, 2016. Mr. Orton has in excess of 20 years of experience in numerous aspects of the oil and gas industry focusing on reservoir exploitation, business development, and operations, within both large and junior public oil and gas companies. Mr. Orton can be reached at [Read more]
OPEC Agreement Adds to ‘Trump Rally’
PALM BEACH, Florida, December 2, 2016 /PRNewswire/ -- Oil & Gas Market Report recently published an article that included industry commentary based on the recent OPEC Agreement having a positive effect on the Energy sector for companies such as: Resolute Energy Corporation (NYSE: REN), Petro River Oil Corp. (OTC: PTRC), Devon Energy Corporation (NYSE: DVN), Oasis Petroleum Inc. (NYSE: OAS) and California Resources Corporation (NYSE: CRC) Oil prices soared nearly 10% on news that OPEC has [Read more]