Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. As asset retirement obligations have begun to get more attention from producers, it’s understandable for producers to get discouraged when looking at their long-term budgeting. It’s not uncommon for a producer to look at their [Read more]
Archives for November 2019
Leucrotta Announces Q3 2019 Financial and Operating Results
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Achieved adjusted funds flow of $1.8 million in Q3 2019. Maintained production at 3,065 boe/d in Q3 2019 from 3,119 boe/d in Q2 2019. Maintained working capital of $2.2 million at September 30, [Read more]
Point Loma Resources Announces Third Quarter 2019 Financial and Operating Results
CALGARY - Point Loma Resources Ltd. (TSXV:PLX) (the "Corporation" or "Point Loma") reports its financial and operating results for the three and nine months ended September 30, 2019. Highlights of the period and additional updates are summarized below: Q3 - 2019 Financial and Operating Results Three months ended September 30 Nine months ended September 30 2019 2018 2019 2018 Financial ($ thousands, except share [Read more]
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 Nov. 25 Field Operator Long Run Exploration Ltd. High Level Nov. 25 Field Operator Roska DBO Drumheller Nov. 25 Operations Accountant Torxen Oil & Gas [Read more]
Traverse Announces Receipt of Repayment Demand and Expected Appointment of Receiver
CALGARY - Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) announces that following discussions with ATB Financial (“ATB”), its lender under the Company’s revolving operating loan facility, ATB has demanded repayment of all amounts owing thereunder, being approximately $6.5 million, and delivered a Notice of Intention to Enforce Security under Section 244 of the Bankruptcy and Insolvency Act (Canada) whereby ATB sets forth its intention to enforce its security for repayment [Read more]
KML Announces Independent Proxy Advisors have Endorsed the Pembina Transaction
CALGARY - Kinder Morgan Canada Limited (TSX: KML) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis) have recommended that the holders of KML's restricted voting shares and special voting shares (together, the Voting Shareholders) vote in favour of the proposed acquisition of KML's outstanding common equity by Pembina Pipeline Corporation (Pembina) by way of a statutory arrangement under the [Read more]
Alberta freezes oil production limit for January
Alberta will keep its oil production limit in January at 3.81 million barrels per day, the same level allowed in December, a government spokesman said.The province has been gradually easing curtailments on crude output but kept the January level unchanged due to external factors that have limited transportation, such as the temporary shutdown of TC Energy Corp's Keystone oil pipeline and a strike at Canadian National Railway Co , a spokesman for Alberta Energy Minister Sonya Savage [Read more]
Joseph Hooley Elected to ExxonMobil Board of Directors
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Hooley’s previous experience leading a large global financial services [Read more]
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends
CALGARY, Alberta, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending December 31, 2019: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.02625 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The dividends are payable on December 31, 2019 [Read more]
Oil gains as optimism returns to U.S.-China trade talks
Oil prices rose on Tuesday on hopes of progress towards a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw on U.S. crude inventories. West Texas Intermediate crude was up 55 cents at $58.44. Brent crude gained 58 cents to $64.14. Top U.S. and Chinese trade negotiators held a phone call on Tuesday morning, China’s Commerce Ministry said, as the two sides try to hammer out a so-called Phase 1 deal in a trade war that has [Read more]
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