XI Technologies is hosting two free webinars in December to address common questions when it comes to asset retirement obligations. These webinars will be 30 minutes each and will demonstrate how ARO Manager helps users with a built-in, industry-recognized cost model and helps them discover working interest partners. Webinar: How to Find Working Interest Partners in ARO Time: 10:30am – 11:00pm MST Date: Wednesday, December 4th, 2019 Click here to register. Do you know all your [Read more]
Headlines
Highwood Oil Company Ltd. Announces Third Quarter 2019 Results and Continued Drilling Success in the Clearwater Play
CALGARY - Highwood Oil Company Ltd. ("Highwood" or the "Company") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended September 30, 2019. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2019, can be found at www.sedar.com and www.highwoodoil.com. Highlights Drilled three wells (1.5 net) in the Clearwater play at Nipisi during the [Read more]
Rail strike, pipeline spill lead Alberta to extend oil curtailment levels
CALGARY - The Alberta government says it will leave its oil production quotas unchanged in January to deal with the lingering consequences after oil shipping was delayed by the Canadian National Railway Co. strike and the temporary shutdown of the Keystone pipeline following a leak in North Dakota. A spokesman for Energy Minister Sonya Savage says producers were informed Tuesday that the production limit for January will remain at 3.81 million barrels per day, the same as December, after [Read more]
Arriving ‘too late’ rated biggest risk for growth in Canadian LNG industry
CALGARY - The former executive director of the International Energy Agency says the biggest risk to Canada's nascent LNG industry is that it will be "too late" to join in a massive LNG expansion surge sweeping the globe. Maria van der Hoeven, a retired Dutch politician and leader of the IEA from 2011 to 2015, says there's time for Canada to compete in a field led by players from the Middle East, Australia, Russia and, increasingly, the United States. She says the question is whether Canada [Read more]
Gear Energy Ltd. Announces Completion of its Borrowing Base Review
CALGARY - Gear Energy Ltd. ("Gear") (TSX: GXE) today is pleased to announce that it has completed its semi-annual borrowing base review and no changes have been made to its $90 million credit facilities. ABOUT GEAR ENERGY LTD. Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan. Gear trades on the Toronto Stock Exchange under the symbol GXE. [Read more]
Oil eases on growing U.S. stockpiles; U.S.-China trade deal hopes check losses
Oil slipped on Wednesday after an industry report showed a surprise build-up in U.S. crude inventories, but optimism surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger slide in prices. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.21%, to $58.29 per barrel. Brent crude futures dropped 9 cents, or 0.14%, to $64.18 a barrel. Wednesday's decline reversed two days of gains, with WTI climbing 1.1% through Tuesday and Brent gaining [Read more]
XI Technologies: Aligning your budget to future ARO liabilities
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. As asset retirement obligations have begun to get more attention from producers, it’s understandable for producers to get discouraged when looking at their long-term budgeting. It’s not uncommon for a producer to look at their [Read more]
Leucrotta Announces Q3 2019 Financial and Operating Results
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Achieved adjusted funds flow of $1.8 million in Q3 2019. Maintained production at 3,065 boe/d in Q3 2019 from 3,119 boe/d in Q2 2019. Maintained working capital of $2.2 million at September 30, [Read more]
Point Loma Resources Announces Third Quarter 2019 Financial and Operating Results
CALGARY - Point Loma Resources Ltd. (TSXV:PLX) (the "Corporation" or "Point Loma") reports its financial and operating results for the three and nine months ended September 30, 2019. Highlights of the period and additional updates are summarized below: Q3 - 2019 Financial and Operating Results Three months ended September 30 Nine months ended September 30 2019 2018 2019 2018 Financial ($ thousands, except share [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 Nov. 25 Field Operator Long Run Exploration Ltd. High Level Nov. 25 Field Operator Roska DBO Drumheller Nov. 25 Operations Accountant Torxen Oil & Gas [Read more]