One of the more difficult sources of data to get involve mineral rights being transferred from company to company. While the AER provides excellent data for licence transfers, mineral rights transfers require a little more work. Luckily, BOE Intel fixes that. Our mineral rights transfer tool shows those transfers as they happen, although in some cases there is a lag between an agreement between companies and when the mineral rights are actually transferred. It is also the case that sometimes [Read more]
Headlines
Canada commits to backing C$3 billion in new Trans Mountain oil pipeline loans
The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast. The information was disclosed on Export Development Canada's (EDC) website this week, and shows two new loan guarantees signed in late March and early May this year. Last year Liberal Prime Minister Justin Trudeau's government, which bought the Trans Mountain pipeline in [Read more]
Exxon CEO says 5-year program could double its shale output
Exxon Mobil Chief Executive Darren Woods told an energy industry conference on Thursday he aims to double the amount of oil produced from its U.S. shale holdings over a five-year period using new technologies. "We are beginning to see the signs of some very promising new technologies" that will "significantly improve recovery" volumes, Woods said at the Bernstein Strategic Decisions conference. Exxon currently recovers about 10% of shale resources from its operations. A first wave of new [Read more]
Argo’s Lindbergh oil production
Toronto, Ontario--(Newsfile Corp. - June 1, 2023) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo") announces that Argo's 37.5% share of the Lindbergh oil well in the Sparky started production in late March 2023. In April 2023, the Lindbergh well produced 115 barrels of oil per day, and Argo's 37.5% share of the production was 43.4 barrels of oil per day, generating revenue of $90,334 and $57,491 operating cash flow net to Argo. Argo also has a mutual area of [Read more]
U.S. oil and gas output still rising in response to high prices last year: Kemp
U.S. oil and gas production continued to rise strongly in March - the delayed impact of very high prices that prevailed until the third quarter of 2022. Oil output increased by 171,000 barrels per day (b/d) in March compared with February, according to the U.S. Energy Information Administration ("Petroleum supply monthly", EIA, May 31). The gains were led by the Lower 48 states (+137,000 b/d) and Gulf of Mexico (+45,000 b/d), which more than offset lower production from Alaska (-11,000 [Read more]
US natgas futures drop 4% on record output ahead of storage report
U.S. natural gas futures dropped about 4% on Thursday on record U.S. output and rising exports from Canada. Prices declined ahead of a federal report that is expected to show a bigger-than-usual storage build last week when mild weather limited demand for the fuel for both heating and cooling. The price decline occurred despite record daily exports to Mexico and forecasts for warmer weather over the next two weeks than previously expected that should boost the amount of gas power [Read more]
Gear Energy Ltd. confirms monthly dividend for June of $0.01 per share and announces credit facility increase
Calgary, Alberta--(Newsfile Corp. - June 1, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the June 2023 monthly dividend of $0.01 per common share is to be paid on June 30, 2023, to shareholders of record on June 15, 2023. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. Gear is also pleased to announce the successful completion of its borrowing base review, resulting in an increase in the syndicated credit [Read more]
Paramount Resources Ltd. announces appointment of director and June dividend
CALGARY, AB, June 1, 2023 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce the appointment of Ms. Jill McAuley of Calgary, Alberta to its Board of Directors (the "Board"). Ms. McAuley has 19 years of operational and technical experience in the oil and natural gas sector, including senior executive responsibility for corporate strategy, asset development, reservoir management, marketing and forecasting. She was a founder and Senior Vice President [Read more]
i3 Energy ordinary share cancellation
i3 Energy Ordinary Share Cancellation EASTLEIGH, UK / ACCESSWIRE / June 1, 2023 / i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that the time limit for shareholders in Toscana Energy Income Corporation ("Toscana") to claim their ordinary shares in the Company from Odyssey Trust Company ("Odyssey") pursuant to the Company's acquisition of Toscana by way of a plan of arrangement (the "Arrangement") involving, [Read more]
Oil rises on potential U.S. rate hike pause, debt bill passing
Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism about further fuel demand growth in the world's biggest oil consumer. Brent crude futures for August rose 32 cents, or 0.44% to $72.92 a barrel by 0518 GMT, while U.S. West Texas Intermediate crude (WTI) rose 25 cents, or 0.37%, to $68.34 a barrel. U.S. Federal Reserve officials on Wednesday pointed towards a potential [Read more]