U.S. natural gas futures for Wednesday slipped close to a 38-month low with a 5% drop in crude prices and forecasts for less gas demand next week than previously expected. The move lower came despite a decline in production and forecasts that power demand in Texas would rise to a record high over the next week as a heat wave bakes the state. Front-month gas futures for September delivery on the New York Mercantile Exchange fell 2.8 cents, or 1.3%, to settle at $2.083 per million British [Read more]
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Oil slumps to new seven-month low on trade tensions
Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down $1.17, or 2.18%, at $52.46. Brent crude futures LCOc1 were down $1.04, or 1.75%, at $57.90 a barrel by 1251 GMT, setting a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. Brent has plunged more than 10% [Read more]
XI Technologies: Over-licensed facilities can affect your licensee liability rating and ARO
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. Welcome to the third in our series of articles highlighting why the AER’S LLR deemed liability values may not provide an accurate assessment of true end of life liability costs, or Asset Retirement Obligations (ARO). Many assume [Read more]
InPlay Oil Corp. Announces Second Quarter 2019 Financial and Operating Results Achieving Record Quarterly Production and Increased Production Guidance
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2019. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2019 will be available at “www.sedar.com” and our website at “www.inplayoil.com”. We are [Read more]
Vermilion Energy Inc. Receives TSX Approval For Normal Course Issuer Bid
CALGARY, Aug. 7, 2019 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB"). The NCIB allows Vermilion to purchase up to 7,750,000 common shares (representing approximately 5% of its 155,161,464 outstanding common shares as of July 31, 2019) over a twelve month period commencing on August 9, 2019. The NCIB will [Read more]
Inter Pipeline Announces New Conventional Oil Pipeline Project
CALGARY, Aug. 7, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it has received commercial support for the construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems. The new pipeline, called the Viking Connector, will link various grades of light crude oil from the Viking and Mannville formations in east-central Alberta to the Edmonton market hub. "The Viking Connector enables us to cost effectively [Read more]
Petrus Resources Announces Second Quarter 2019 Financial & Operating Results
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results for the second quarter of 2019. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. In order to maximize return on investment, the Company is targeting light oil and liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control [Read more]
Journey Energy Inc. Reports Its Second Quarter 2019 Financial and Operating Results
CALGARY, Aug. 6, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and six month periods ending June 30, 2019. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2019 HIGHLIGHTS Highlights for the second quarter and to date are as [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 Aug. 6 General Administrator Roska DBO Grande Prairie Aug. 6 Customer Service Representative Roska DBO Grande Prairie Aug. 6 Executive [Read more]
Keyera Corp. Announces 2019 Second Quarter Results
CALGARY, Aug. 6, 2019 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced its 2019 second quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS Keyera delivered outstanding financial results in the second quarter of [Read more]