The U.S. Federal Energy RegulatoryCommission (FERC) on Tuesday authorized Energy Transfer PartnersLP to start service through several parts of the Rovernatural gas pipeline between Ohio and Michigan:* The $4.2 billion Rover project is designed to carry up to3.25 billion cubic feet per day (bcfd) of gas from the Marcellusand Utica shale fields in Pennsylvania, Ohio and West Virginiato the U.S. Midwest and Gulf Coast and Ontario in Canada.* The latest order allowed Rover to start service on [Read more]
Archives for May 2018
New Oil and Gas Jobs From BOE Report 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 to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 30 Software Developer Commercial Software High Arctic Energy Services Calgary Apr. 29 Senior Business Analyst - Business Planning and Performance Management [Read more]
Point Loma Resources Announces Closing of Acquisition of Oil & Gas Assets – Amendment
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has acquired certain oil and gas assets from a private oil and gas company involved in a receivership process, with an effective date of November 1, 2017 (the “Acquisition”). After closing adjustments, the net purchase price of the Acquisition was approximately $779,000 for Point Loma’s 70 percent working interest share. The [Read more]
Boom time comes early to West Texas oil patch
MIDLAND, Texas (Reuters) - In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the cost of housing and other essentials. This parched patch of land, under which lie the largest oil-producing rock formations in the United States, is used to growth binges as well as the busts that always follow. After a two-year crash, the price of crude began to recover in [Read more]
Point Loma Resources Announces Closing of Acquisition of Oil & Gas Assets
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has acquired certain oil and gas assets from a private oil and gas company involved in a receivership process, with an effective date of November 1, 2017 (the “Acquisition”). After closing adjustments, the net purchase price of the Acquisition was approximately $779,000 for Point Loma’s 70 percent working interest share. Highlights [Read more]
Encana reports US$151M first-quarter profit, production up from year ago
CALGARY - Encana Corp. earned US$151 million in its latest quarter as it worked to increase production. The natural gas company, which keeps its books in U.S. dollars, says the profit amounted to 16 cents per diluted share for the three months ended March 31. That compared with a profit of $431 million or 44 cents per diluted share a year ago when the company benefited from a larger unrealized gain on risk management. Operating earnings amounted to $156 million for [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for April 2018 Payable May 31st, 2018
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or the “Company”) announces that the April 2018 monthly cash dividend will be $0.10 per share and will be paid on May 31st, 2018. The record date for the dividend is May 15th, 2018 and the ex-dividend date is May 14th, 2018. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax [Read more]
Encana delivers solid first quarter financial results; company on track to deliver more than 30 percent annual production growth within cash flows
CALGARY, Alberta, May 01, 2018 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana’s first quarter financial and operating performance has the company firmly on track to deliver more than 30 percent annual production growth within expected cash flow. Increased year-over-year liquids production, continued cost efficiencies and strong realized pricing resulting from the company’s market diversification strategy contributed to significant non-GAAP cash flow growth and margin expansion. Consistent [Read more]
Coastal Gaslink Pipeline Awaits LNG Canada FID
TransCanada subsidiary has spent $400mn so far on pipeline link After six years of planning, hundreds of meetings with First Nations and an expenditure of some $400mn, Coastal GasLink, the $4bn pipeline that will deliver gas to the $36bn LNG Canada terminal at Kitimat, British Columbia, awaits a positive FID from LNG Canada partners before putting shovels in the ground on the 670 km pipeline. Rick Gateman, president of TransCanada subsidiary Coastal GasLink, will address two panels at the [Read more]
Innovative Data Analytics Platform Used by More than 40 US E&P Customers Enters Canada
Prior to the global oil industry downturn, shale oil’s record output had been rewriting the U.S. production story. However, with higher drilling and fracking costs make shale oil extraction more expensive than conventional drilling, operators were looking for innovative techniques for saving time and money in order to survive and thrive. Thus, a unique big data analytics platform was born in the United States which redefined how engineers make real-time decisions that lead to drill cheaper, [Read more]