EDMONTON - A joint study group says it will work to identify the best way to harmonize roads, rail, pipelines and permits in Alberta and British Columbia to get the most value for energy exports. The cross-provincial working group, in a report released Monday, says getting more oilfield equipment moved from the ports through B.C.'s mountainous interior to the oilfields is an emerging issue. Alberta Energy Minister Diana McQueen said it's further evidence that the energy sector has multiple [Read more]
News
Oil falls below US$96 as US set to thaw out
NEW YORK - The price of oil fell below US$96 a barrel Monday amid forecasts for moderating temperatures in the U.S. Northeast and anticipation about the outcome of the next meeting of the U.S. Federal Reserve. Benchmark West Texas Intermediate crude for March delivery fell 92 cents to close at US$95.72 a barrel on the New York Mercantile Exchange. Along with oil, the prospects of a break in the deep chill that has enveloped the U.S. upper Midwest, the Northeast and parts of the South sank [Read more]
Nextraction Announces Spud of Horizontal Well on Its Viking Light Oil Property in Provost, Alberta
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction") is pleased to announce that the Company has spud the 102/12-36-036-07W4 ("12-36") horizontal well on its light oil property in Provost, Alberta. The well is targeting the Viking formation at a depth of 800 meters and will have a horizontal leg of approximately 650 meters. The well is being drilled on the same geological trend as the Company's successful 102/16-34-036-07W4 [Read more]
Gas to be back on in Manitoba by midday Tuesday
WINNIPEG - TransCanada Pipelines says it hopes to have natural gas service restored to everyone in frigid southern Manitoba by midday Tuesday.Vice-president Karl Johannson says some communities may even see their service restored today after a huge explosion near St. Pierre-Jolys over the weekend.Johannson says it is simply too early to say what caused the blast.He says the company will compensate people for any direct losses suffered because of the outage. Many of the 4,000 people affected by [Read more]
Oil production hits new Saskatchewan record
REGINA - The Saskatchewan government says the province's oil patch is pumping out production like never before. It says oil production last year set a new record of 177.9 million barrels, or 487,400 barrels per day. That's up from the previous record of 172.9 million barrels or 472,500 barrels per day set in 2012. Drilling activity also set a new record. The province says 2,433 horizontal oil wells were drilled last year, surpassing the 2,036 horizontal oil wells drilled in [Read more]
People try to keep warm after pipeline blast
WINNIPEG - People who live in parts of southeastern Manitoba are getting creative as they endure another day without natural gas following Saturday's pipeline explosion. Steve Cope has been placing an electric space heater next to his furnace's cold-air intake to blow warmth throughout his two-storey home in Niverville. Cope says he, his wife and their five-year-old daughter have been sleeping in the same room to keep warm, and the house has stayed above 10 C. The Rural Municipality of [Read more]
Delphi Extends Montney Play Westward With the 15-21 Well
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") provides the following operations update on its Montney capital program. Delphi is pleased to announce completion and clean-up test results of its delineation well at 15-21-60-23 W5M ("15-21") at East Bigstone. The 15-21 Montney well was drilled to a total depth of 5,875 metres with a horizontal lateral length of 2,886 metres and stimulated with a 30 stage slickwater hybrid completion. [Read more]
Timeline: Renegade’s battle with dissident shareholder FrontFour
After a lengthy battle with major shareholder FrontFour Capital, Renegade Petroleum today claimed victory over the dissident hedge fund after FrontFour announced its withdrawal of special meeting requisition to replace Renegade's board with a slate of its own. Here's a timeline of headlines from the feisty battle between the Calgary based oil and gas producer ad the Greenwich, Connecticut based hedge fund: Legacy Oil + Gas Inc. Responds to FrontFour’s Notice of Intent to Nominate [Read more]
Renegade Petroleum Announces Decisive Victory Over FrontFour
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Renegade Petroleum Ltd. (TSX VENTURE:RPL) is pleased to announce a decisive victory over FrontFour Capital Group LLC. As result, FrontFour has now withdrawn its requisition for a special meeting of shareholders that had been scheduled for January 28, 2014 to meet FrontFour's demands. Renegade is also pleased to report that the total shares voted by proxy for the cancelled meeting represented a record shareholder turnout for Renegade, the [Read more]
Cold wait for natural gas after pipeline fire
ST. PIERRE-JOLYS, Man. - Tanker trucks carried emergency supplies of compressed natural gas on Sunday to heat critical locations in southern Manitoba as thousands of residents have to contend with no heat.The residents have been told that a pipeline explosion on Saturday means they could have to spend several days in frigid temperatures without fuel to heat their homes.Natural gas service for an estimated 4,000 people in municipalities south of Winnipeg was interrupted following a huge explosion [Read more]