CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that it has received a letter (the "Proposal Letter") from the Canada Revenue Agency (the "CRA") advising that, subject to submissions by Whitecap, the CRA is proposing to reassess a former subsidiary of Whitecap to deny non-capital loss deductions relevant to the calculation of income taxes for the years 2018 and 2019. In 2014, Whitecap acquired a private entity that held an interest in certain oil and natural gas assets [Read more]
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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 May. 23 Production Accounting Administrator Roska DBO Fort St. John May. 19 HR Associate, Field Operations & Trades Roska DBO Grande Prairie May. [Read more]
Kelt restarts production in British Columbia previously impacted by wildfires
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing an update on the wildfire situation in northeastern British Columbia in the vicinity of Fort St. John. As previously reported, Kelt had safely evacuated all of its personnel in its operating region at Oak, which is approximately 35 kilometres from Fort St. John. As a result, the Company had temporarily shut-in approximately 5,000 barrels of oil equivalent per day (77% gas) since the evening of May 15, [Read more]
See how Birchcliff’s new Elmworth land position was revealed in the public domain – BOE Intel
Concurrent with its Q1 report last week, Birchcliff Energy disclosed that it had accumulated a new land position at Elmworth totalling almost 98,000 acres (~39,600 hectares). Thanks to our A&D tools at BOE Intel, we can now see most of that land position publicly disclosed, as well as a few other sections that Birchcliff has been able to accumulate. Figure 1 below shows a BOE Intel activity map. In this instance we have shown: Mineral rights transfers to Birchliff in yellow (last 1 [Read more]
US natgas down 3% to one-week low on record output, rise in Canada exports
U.S. natural gas futures fell about 3% to a one-week low on Tuesday with U.S. output on track to hit a monthly record high and as exports from Canada increase as some producers in Alberta return to the wellpad after wildfires. That price decline came despite forecasts for a little more U.S. gas demand over the next two weeks than previously expected and as U.S. power generators burn more gas to produce electricity due to low wind power, especially in Texas. The amount of U.S. power [Read more]
Victoria University: Fee Title & Royalty Divestiture – Weyburn, Saskatchewan
Victoria University (“Victoria University” or the “University”) has engaged Sayer Energy Advisors to assist the University with the sale of certain oil and natural gas Fee Title and royalty interests located in the Weyburn area of Saskatchewan (the “Property”). The Property is located within the Weyburn Unit, operated by Whitecap Resources Inc. The Property was leased in 1953 which has led to the University’s royalty interest in certain tract factors within the Weyburn Unit. The lease [Read more]
Western Canada oil a major theme in Alberta politics a week ahead of vote
The fortunes of Alberta's politicians often go hand-in-hand with the Western Canadian province's oil and gas sector, its biggest industry, and the question of who will be its greatest advocate is a major theme in the final week before Albertans pick their leader. Polls are split on whether Premier Danielle Smith's ruling United Conservative Party (UCP) or Rachel Notley's New Democratic Party (NDP) will win the May 29 vote. "We know that as long as we keep our energy industry strong, we're [Read more]
Column: This is the century of natural gas
The headline above is not designed to make young heads explode, It’s really not. But it might. Before getting to why that might be, consider why the headline is a credible statement. The evidence is, in total, overwhelming. Here’s a 2023 headline from an anti-hydrocarbons website: “China, India lead US$534 billion global gas pipeline build out.” The article notes that globally, over 59,000 kilometres of transmission pipeline are under construction and an additional 151,000 kms are proposed [Read more]
NuVista Energy Ltd. provides update on wildfire impact in Grande Prairie operations
CALGARY, Alberta, May 23, 2023 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or the "Corporation") would like to provide an update on the ongoing wildfire situation in the Grande Prairie area. As previously advised, several of our fields were shut in on May 5th as a precautionary measure to ensure the protection of our people, the public, and our assets in the vicinity of the wildfires. In addition, our third party midstream partners have had to do the same, with the collective status [Read more]
Enerplus appoints Ward Polzin to its board of directors
CALGARY, AB, May 23, 2023 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced the appointment of Mr. Ward Polzin to its board of directors. Mr. Polzin is the Founder and Executive Chairman at Camino Natural Resources. He is a Venture Partner of NGP Energy ("NGP"), a private equity investment firm based in Dallas, TX, and brings with him over 35 years of leadership, engineering, commercial, financial, and investing experience in the energy industry. "We are very [Read more]