A U.S. circuit judge on Wednesday vacated a lower court's decision to block the Biden administration's pause on new oil and gas leasing on federal land and waters - a key piece of the president's climate change strategy - and sent the case back to that court for further proceedings. The judge, who serves on the 5th U.S. Circuit Court of Appeals, vacated the Louisiana district court decision to block the Interior Department's leasing pause after Louisiana and a dozen states sued the [Read more]
Headlines
Oil prices turn more volatile as investors worry about market
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility. The exodus of participants, especially hedge funds and speculators, has made daily price swings far greater than in previous years, making it harder for companies to hedge against physical purchases of oil. The volatility has harmed companies that need energy market [Read more]
AltaGas announces closing of hybrid note offering
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today announced that it has closed its previously announced offering of $250 million of 7.35% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due August 17, 2082 (the "Offering"). The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series C (TSX: ALA.PR.U). The subordinated notes are being offered through a [Read more]
NW Pembina Cardium Land for sale or farmout
Fractal Royalty Corp. is making available its 100% working interest in 1.25 sections of Cardium crown PNG leases in NW Pembina (50-10W5). Opportunity Highlights: 25 sections of 100% WI Cardium crown PNG leases 75 sections continued under section 15 50 sections continued under section 17 (April 2023 expiry) Direct offsetting Cardium oil production, highlighted by well 100/11-30-50-10W5 On production: March 2012 Cumulative oil: 88,186 bbls (June 2022) Current [Read more]
Calroc Industries has the following equipment for sale
Natco Canada 75PSI V-3250 Treater Package 10'x80' Natco Canada 75PSI V-2200 Treater Package 10' x 70' Propak Packaged Refrige Unit 6mm/Day Reda HPS Disposal Pump Building Package Sales/Recycle Pump Building Package Smithco Aerial Oil Cooler Treater Feed Pump Building Package C/W Micro Motion Pump Building Package C/W with Micro Motions Glycol Pump Building Package With new, used, and refurbished oil and gas equipment in stock, Calroc is your best bet when it comes to [Read more]
XI Technologies: Mapping Alberta’s sour gas for H2S release rate assessments
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. Before a well can be drilled in Alberta, operators must submit an H2S Release Rate Assessment to the Alberta Energy Regulator (AER) in accordance with Directive 056. This week, we’ll use our data to help illustrate the importance of [Read more]
Keyera and CN announce agreement to evaluate a clean energy terminal solution in the Alberta Industrial Heartland
CALGARY, Alberta - Keyera Corp. (“Keyera”) and CN (TSX: CNR) (NYSE: CNI) today announced the signing of a Memorandum of Understanding that will leverage their joint expertise to evaluate the creation of a specialized clean energy terminal in Alberta’s Industrial Heartland. The new infrastructure would aggregate conventional and clean energy from multiple sources to support transportation of Alberta’s diverse energy products and further strengthen the development of Canada’s green energy [Read more]
US oil and gas independents seek investor favor, return $18.1 billion to shareholders in 2021
US oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY US oil and gas reserves, production and ESG benchmarking study. The study documents how the industry's 50 largest publicly traded exploration and production (E&P) companies (based on year-end 2021 US oil and gas reserves) responded to higher commodity [Read more]
US natgas up 3% to 14-yr high on output drop, soaring global prices
U.S. natural gas futures climbed about 3% to a fresh 14-year high on Wednesday on a drop in daily output, hotter than normal weather on the West Coast and in Texas, and near record global prices. That U.S. price increase came despite forecasts for less hot weather and lower air conditioning demand across much of the country over the next two weeks than previously expected. Also preventing U.S. prices from spiking higher, traders noted the ongoing outage at the Freeport liquefied natural [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 Aug. 16 Gas Plant Operator Roska DBO Clear Hills Aug. 16 Senior Analyst SAP Plant Maintenance Pembina Calgary Aug. 16 INTERMEDIATE/INVENTORY [Read more]
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