Perpetual Energy took to posting an advertisement in a Alberta community newspaper to announce their selling of assets at a severe discount. "After decades of operating as your neighbor, we are sadly bidding community members farewell. The reason, we simply couldn't afford to operate in the municipality any longer." As was reported in the Calgary Herald, the transaction involves more than 2,200 shallow gas wells and other facilities across eastern Alberta with production capacity of 35.5 [Read more]
Donald Trump might be Canada’s only hope for a pipeline
Like it or not, Donald Trump is likely Canada’s only hope for a desperately needed major pipeline. In the past several years, weak or incompetent leadership has led to zero major pipelines built in Canada. Weak leadership considering no political leader in Canada had the spine to push through projects that were positive for the country. Instead they crumble to the wishes of radical activists because most politicians are uncomfortable offending that fringe group. Incompetency is evident when [Read more]
EPFC Corp: Streamlined Approach to Oil and Gas Facility and Pipeline Design and Construction
This past July, a gas plant owner/operator (midstreamer), and a natural gas producer announced that a 198 MMscf/d shallow cut gas plant project in Northeast BC was newly opened for business. Located in BC’s natural gas rich Montney formation, this project came about as a result of a long term strategic alliance between the producer and the midstreamer. In their respective press releases announcing the opening, both companies released the typical collection of data and accolades that one would [Read more]
Fossil fuels and alternative energy: An overview of our energy future
This past summer, two summer students at Whitecap Resources Inc. were asked to prepared the following presentation outlining the differences and feasibility of both fossil fuel and alternative energy sources. Both students admitted that prior to their extensive research, they knew virtually nothing about either form of energy. And through the course of their work, they attempted to remain as unbiased as possible; despite being on the payroll of an oil and gas company dealing with innumerable [Read more]
PSAC Forecasts 4,175 Wells Drilled in 2017; Minor Rebound from 2016’s Levels Anticipated
CALGARY, AB (November 2, 2016) – Today, the Petroleum Services Association of Canada (PSAC) released its 2017 Canadian Drilling Activity Forecast. PSAC expects a total of 4,175 wells (rig releases) to be drilled in Canada in 2017. For 2016, the Association’s final revised forecast predicts a yearly total of 3,950 wells. PSAC bases its 2017 forecast on average natural gas prices of $2.50 CDN/mcf (AECO), crude oil prices of US$52/barrel (WTI), and the Canadian dollar averaging $0.76USD. PSAC [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. HSE Manager Long Run is a Calgary based intermediate oil and natural gas company focused on development, exploration and production in the Western Canadian Sedimentary Basin. Long Run is currently looking to fill the [Read more]
ConocoPhillips reaches 100,000 barrels of oil per day production at Surmont
ConocoPhillips announced it had reached 100,000 bbl/d from its Surmont oil sands operation, read the notice below from their website: After building the largest single-phase SAGD expansion ever, and temporarily shutting the entire project down in the face of a historic wildfire, we are extremely proud to celebrate a new milestone at Surmont: reaching 100,000 barrels of oil per day (bpd). And despite all challenges, we reached this milestone well ahead of our original target. "They say it [Read more]
Vertex Resource Group Ltd. Acquires Red Giant Energy Services Ltd
Acquisition of Fluid Management & Logistic Company Sherwood Park, Alberta – October 31, 2016 – Vertex Resource Group Ltd. (Vertex) is pleased to announce that is has acquired Red Giant Energy Services Ltd. (Red Giant), an oilfield service company specializing in the storage, management and logistics of oilfield fluids in the Western Canadian Sedimentary Basin. Red Giant provides total fluid management solutions to those in the industrial and commercial sectors through their fluid storage [Read more]
This is the only video that can convert the anti-LNG crowd
Reforming anti-industry advocates' opinions is a very difficult task. In most instances, no matter what fact or figure is cited, anti-oil and gas development people will staunchly hold firm in their beliefs. When it comes to LNG development, that facts and figures are overwhelming. It is a tremendous economic boost and environmentally safe. The video below is the most effective way to show that LNG is safe, reliable and environmentally friendly. The video shows 1) What LNG is 2) Risks from [Read more]
Patriot Oilfield Solutions Corp: First Class Silica Sand Mine Asset Sale
Calgary, Alberta - Patriot Oilfield Solutions Corp is offering a large silica sand mine for sale in the Horn River Basin. There doesn't seem to be much question about the potential for natural gas out of the Horn River Basin (HRB), Liard Basin, and the Cordova Embayment in Northeast British Columbia (BC). The HRB alone may possess up to 650 Tcf of reserves, and one eye-opening estimate prepared by Sproule Associates in 2012 suggests these three formations may have combined resources between [Read more]
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