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XI Technologies: Regulatory Refresher – STICK Diagram information

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.  Due to a flurry of changes in the workforce of many organizations in our industry, we felt it useful to offer a series of regulatory refreshers for people who may find themselves in charge of new drill programs. In May, we ran an [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 Jun. 22 FRACTURING OPERATOR - (RDC) Trican Well Service Ltd. Red Deer Jun. 22 COILED TUBING OPERATOR - (MHT) Trican Well Service Ltd. Medicine Hat Jun. [Read more]

Surge Energy Inc. announces strategic $160 million Southeast Saskatchewan light oil acquisition; new $215 million credit facility; and upward revision to 2021 exit rate and 2022 production guidance

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Astra Oil Corp. ("Astra") announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Astra ("Astra Shares") by way of a statutory arrangement (the "Transaction") for total consideration of approximately $160 million. The Transaction is to be funded by the issuance of Surge common shares ("Surge [Read more]

Leucrotta Exploration announces closing of private placement

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that it has closed its non-brokered private placement offering previously announced on June 15, 2021 (the "Private Placement") of 1,870,000 units of the Company (the "Units") at a price of C$0.73 per Unit for gross proceeds of C$1,365,100. Each Unit consisted of one common share issued on a flow-through basis in respect of Canadian development expenses (CDE) under the Income Tax Act [Read more]

Bellatrix announces court-approved transaction

CALGARY, Alberta - Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the “Purchased Shares”), which would represent approximately 45% of the aggregate issued and outstanding common shares of Bellatrix upon implementation of the Transaction. The Transaction was approved today by [Read more]

Oil may hit $100 but volatility will also grow, say energy CEOs

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Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility," TotalEnergies Chief Executive Patrick Pouyanne said at the Qatar Economic Forum. Crude prices climbed on Tuesday to a more than two-year high above $75 a barrel. "We're [Read more]

Oil falls but sentiment stays strong on demand recovery hopes

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Crude dropped on Tuesday as investors cashed in on a recent rally, but market sentiment remained solid on hopes for a quick recovery in oil demand in the U.S. and European markets and fading expectations for an early return of Iranian crude. U.S. West Texas Intermediate (WTI) crude for July was at $72.93 a barrel, down 9 cents, or 0.13%.   Brent crude futures for August dipped 8 cents, or 0.11%, to $74.74 a barrel. Brent gained 1.9% and WTI jumped 2.8% on Monday. Both benchmarks have [Read more]

Crescent Point releases 2021 sustainability report

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the release of its 2021 Sustainability Report (the "Report"). The Report is highlighted by the Company's increased target for emissions intensity reduction, an increase from 30 to 50 percent by 2025, including a 70 percent reduction in absolute methane emissions. The Report also outlines the Company's latest progress and commitment to strong environmental, social and [Read more]

Spartan Delta Corp. announces strategic acquisitions and provides operational update

CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV: SDE) is pleased to announce strategic asset acquisitions in the Gold Creek and Simonette areas. Total consideration for the acquisitions is approximately $10.1 million in cash, subject to certain closing adjustments. In addition, Spartan is also pleased to provide an update on the Company's operations. ACQUISITION HIGHLIGHTS The acquired assets include 33,500 net acres of Montney rights, 100 net Montney locations, 300 [Read more]

ROI 2021 summer featured production equipment

Reef Oilfield Inventory Ltd. (ROI, est. 2017) offers value-added surplus oilfield production equipment. From “As Is,” “Retrofitted/Repaired”, “Delivered” to “Engineered Surplus Solutions,” we are eager to share our featured Pump Jacks, Compressors, Separators, and  select Gas Plants ready for your next application. As well as additional equipment landed “In the Yard”. Click the links for pictures and detailed information. To engage with us, request drawings, or inquire about equipment please [Read more]