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. Last week, XI Technologies hosted a room full of oil and gas industry leaders to discuss plans of action with Asset Retirement Obligations. XI assembled a panel of experts within the industry covering best practices for ARO from the [Read more]
Headlines
Fee Title Divestiture: Wembley area, Alberta
NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM. Much of the Assets are in areas with significant Montney development. Additional zones with recent activity include the Charlie Lake and Doig formations. A package of more [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. 19 Correspondence Controller Brunel Calgary Nov. 19 HSSE Data Specialist Brunel Calgary Nov. 18 Environmental Technician (Air [Read more]
Birchcliff Energy Ltd. Announces TSX Approval for Renewed Normal Course Issuer Bid
CALGARY -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff’s intention to make a normal course issuer bid (the “NCIB”). The NCIB allows Birchcliff to purchase up to 13,296,761 common shares (representing 5% of its 265,935,229 common shares outstanding as at November 15, 2019) over a period of twelve months commencing on November 25, 2019. The NCIB will terminate no [Read more]
Energy Council of Canada member organizations collaborate to create 2019 Canadian Energy Compendium
OTTAWA - The Energy Council of Canada has released its newest annual initiative, the Canadian Energy Compendium. The Compendium is a collaborative project comprised of articles provided by the organization's cross-sectoral membership. The initiative aims to highlight a different aspect of Canadian energy each year, to be selected with input from Energy Council members. The subject of the articles provided for 2019 is Indigenous Energy Across Canada, focusing on projects or initiatives [Read more]
U.S. natgas futures fall to 3-week low on record production, moderating weather
U.S. natural gas futures fell to a fresh three-week low on Tuesday as production rose to an all-time high and the latest weather forecasts confirmed an earlier outlook calling for near normal temperatures through early December. After dropping around 4.5% on Monday on moderating weather forecasts, front-month gas futures for December delivery on the New York Mercantile Exchange fell 5.6 cents, or 2.2%, to settle at $2.510 per million British thermal units, their lowest close since Oct. 28 for [Read more]
Encana shareholder to vote against proposal to exit Canada
Encana Corp shareholder Letko, Brosseau & Associates Inc said on Tuesday it will vote against the oil and gas company's proposed exit from Canada to the United States. The investment firm, which owns a nearly 4% stake in Encana, said the move will cause significant losses for Canadian investors. Encana was not immediately available for a comment. Last month, the company said it would shift base from Calgary to the United States and become Ovintiv Inc next year, the latest company to [Read more]
Thousands of Canadian National Railway workers go on strike
About 3,000 workers of Canadian National Railway , the country's largest railroad operator, went on strike on Tuesday, labor union Teamsters Canada said after both parties failed to resolve contract issues. "Conductors, trainperson and yard workers at Canadian National Railway are now officially on strike," the union said in a tweet . Canada, one of the world's biggest exporters of farm products, relies on its two main railways to move canola and wheat over the vast distances from western [Read more]
Trans Mountain received $320M in government subsidies in first half 2019: report
VANCOUVER - The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by an economic institute that analyzes environmental issues. The money included $135.8 million in direct subsidies and $183.8 million in indirect subsidies that were not clearly disclosed to taxpayers, says the report by the Institute for Energy Economics and Financial Analysis. "This is a very large subsidy. It really does [Read more]
Are You Capitalizing on Next Generation Civil Construction?
CALGARY – With both depressed commodity prices and juggernaut competition from Permian producers continuing to impact the western Canadian oil and gas industry, the push is on to adopt innovation and cutting-edge technology to find new ways to lower costs and compete for investment dollars. One of the largest costs to producers centers on infrastructure development projects, a large portion of which is earthworks construction in particular. Innovation in civil construction technology is proving [Read more]