BOE Intel users may have noticed on our mineral rights transfer tool that Pipestone Energy was recently able to consolidate some land around its core Montney position. On June 9, we noticed a mineral rights transfer go through from Rocky Old Man Energy to Pipestone for 1,792 net hectares. This mineral rights transfer is shown on the BOE Intel map below. We can compare these sections to the company's most recent presentation and we'll notice that the lands transferred were not shown in the [Read more]
Headlines
Ovintiv announces closing of Midland and Bakken transactions & inclusion in S&P 400 Index
Company Updates 2023 Guidance for Early Close DENVER, June 12, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations. The Company has acquired substantially all the leasehold interest and related assets of Black [Read more]
Obsidian Energy announces voting results from the 2023 annual and special meeting of shareholders
Calgary, Alberta--(Newsfile Corp. - June 12, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on June 12, 2023, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2023 Annual and Special Meeting and Management Proxy Circular dated May 1, 2023 (the "Information Circular"), which is available on SEDAR at www.sedar.com, [Read more]
Western Canada covered in smoke as wildfires loosen grip on Quebec
Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8 million hectares (48,000 square kilometers) - an area larger than the Netherlands in western Europe - already burnt. Forest fires regularly occur in the summer but the scope of [Read more]
US oil output to rise to record high in July but growth narrowing – EIA
U.S. oil output from top shale-producing regions is due to rise to the highest on record in July, but the size of the increase is expected to be the smallest since December, U.S. Energy Information Administration data showed on Monday. U.S. oil output is expected to rise to 9.38 million barrels per day (bpd) in July, EIA data showed. Output is due to rise by about 0.1% versus the previous month, which would be the smallest monthly gain since production was seen falling in December, the data [Read more]
US natgas eases 1% on lower demand forecasts, futures volatility drops
U.S. natural gas prices eased about 1% to a one-week low on Monday on forecasts for less demand than previously expected over the next two weeks, cutting futures volatility to a 13-month low. That price decline came despite a drop in gas exports from Canada due to wildfires and as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants remained low due to maintenance work. Front-month gas futures for July delivery on the New York Mercantile Exchange fell 2.1 cents, or [Read more]
TC Energy shuts two compressor stations on NGTL due to Alberta wildfires
TC Energy said it completed the shutdown of two compressor stations on the NOVA Gas Transmission Ltd. (NGTL) System and a gas storage facility on Saturday that were near wildfires in Edson, Alberta. "Other sections of the NGTL system and other pipeline systems continue to operate safely and we continue to monitor the situation closely," the company said in a release. The 25,000-kilometre NGTL system ships gas across Canada and to U.S. markets. (Reporting by Seher Dareen in Bengaluru) [Read more]
Oil falls more than 1% ahead of US Federal Reserve rate decision
Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell 97 cents, or 1.3%, to $73.82 a barrel by 0437 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.24 a barrel, also down 1.3%. Both benchmarks notched their second straight weekly decline last week as [Read more]
Argentina says Chevron to invest $500 mln in Vaca Muerta shale area
U.S.-based oil major Chevron will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina's economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new spending plan is scheduled to start before July, it added. Last year, Neuquen officials granted Chevron a concession for shale [Read more]
Avila Energy Corporation is pleased to announce the Company’s acceptance of an initial financing commitment of U.S. $10 million in convertible debentures and provides update
CALGARY, AB / ACCESSWIRE / June 9, 2023 / Avila Energy Corporation ("Avila" or the "Company" or "Avila Energy"), trading symbol "CSE:VIK.CN", is pleased to announce the Company's acceptance of an initial financing commitment of U.S. $10 Million in Convertible Debentures and provides update. The Company over the course of the past 2 months after completing a series of meetings with qualified parties for the financing of up to U.S. $35,000,000 in Convertible Debentures as part of its refocused [Read more]