The Duvernay is a Thirst Trap About 23 million cubic meters (m3) of water was used for fraccing in Alberta in 2017 (AER, 2018), and nearly 99% of that volume was non-saline. Within the Duvernay fairway (figure 1), the Spirit River has been the most drilled zone by well count, followed by the Cardium and the Duvernay. Though it has fewer wells, the Duvernay far exceeds the Spirit River and Cardium in terms of total volume of water pumped (figure 2). In 2017, 8.6 million m3 was pumped into the [Read more]
Headlines
We should not be offering tours of oil and gas sites to radical activists
Did you hear the news? Celebrity teen activist Greta Thunberg is coming to Alberta! Immediately, many emotional politicians have begun laying out the red carpet and asking her for meetings and offering tours of our wonderful Cities and oil & gas facilities. What an absolutely embarrassing display by our elected 'leaders'. Fortunately, Alberta's provincial government has said it will not be seeking a meeting with Greta Thunberg. Thank goodness we have one level of Government with sense. [Read more]
XI Technologies: October 2019 Expiring Land Report – Are there opportunities for you?
Each week, XI Technologies scans their 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. Several times a year, we like to take a look at expiring land because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where [Read more]
Absolute Public Online Auction—Bertram Drilling Corp. Bankruptcy
As Authorized by FTI Consulting Inc., as Monitor Carbon, Alberta, Fort Saskatchewan, Alberta and Richmond, British-Columbia Absolute Public Online Auction Bidding Starts Closing: Wednesday, October 30th, 2019 at 10:00 am (MDT) Featuring: 10 Atlas Copco TH60 Drills, Foremost HD24 Dual Rotary Drill, Heli-Portable Rigs, 3 Sonic Rigs, Assortment of Vehicles, Tools, & Much More! Lots being added DAILY! Go to Clubbid.com or Click Here: VIEW & BID LOTS Viewing & Inspection: By [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 Oct. 15 Validation Engineer Brunel North York Oct. 15 Principal Clinical Data Manager Brunel Mississauga Oct. 15 Site Project SCM Specialist Brunel Fort [Read more]
Alberta government won’t seek meeting with teen enviro-activist Greta Thunberg
The Alberta government won't seek out a meeting with teen climate activist Greta Thunberg, but Environment Minister Jason Nixon said he hopes the Swedish girl takes time to learn about the province's oil and gas industry. "I think when you look at some of Miss Thunberg's comments, she doesn't understand our province, that she doesn't understand the reality that to accomplish climate change goals worldwide, we need Alberta as part of that solution," Nixon told reporters Tuesday. "We have [Read more]
Suncor Energy increases its participation in Enerkem, strengthening their existing relationship
Enerkem Inc., a world-leading waste-to-biofuels and chemicals producer, today announced the closing of a $50 million equity investment from Suncor. As Canada's leading integrated energy company, Suncor first participated in the ownership of Enerkem in April 2019 as part of a $76.3 million equity financing alongside Enerkem's existing shareholders. With this new investment, Suncor becomes a significant, strategic shareholder of Enerkem. In addition to its equity interest, Suncor also provides [Read more]
Heavy discount edges narrower
Canadian heavy crude differentials narrowed slightly versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday as the monthly trade cycle neared its end: Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.00 per barrel below WTI, according to Net Energy Exchange. On Friday November WCS settled at $16.30 a barrel below WTI. Markets were closed on Monday for the Canadian Thanksgiving holiday. Light synthetic crude from the oil [Read more]
Delphi Energy Corp. Announces First Closing of Subscription Receipt Offering and Update on Securityholder Meetings
Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed a portion of its previously announced private placement offering of subscription receipts (the “Offerings”) for aggregate gross proceeds of $2.1 million today. Pursuant to the Offerings, Delphi issued 797,512 equity subscription receipts (“ESRs”) at a price of $1.65 per ESR (the “ESR Price”) for gross proceeds of approximately $1.3 million and 1,067 note subscription receipts (“NSRs”) at a price of $750 [Read more]
U.S. oil and gas jobs fall as drilling declines
U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year – and further job losses are likely in the next few months as the rate of well drilling declines further. In 2017/18, the second shale-oil boom created almost 100,000 new high-paying jobs in oil and gas drilling as well as associated services such as site preparation, cementing, casing and pressure-pumping. Employment gains in the oil and gas sector also helped support [Read more]