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. expands on the potential for increased divestiture activity in 2019 as Canadian Juniors deal with protracted market challenges. If you'd like Wednesday Word to the Wise delivered directly to your inbox,subscribe here In a recent Word to the Wise article, XI looked at how corporate/asset divestitures among Juniors may [Read more]
Headlines
Tanager Energy Announces Strategic Plan and Continuance to BC
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announced today the Company has obtained the approval by its directors of a strategic plan for the balance of the 2019 fiscal year. Following its recent announcement of the appointment of a new CEO, the plan includes the following principal elements: Place Tanager’s three (3) Polk County, Texas Yegua formation wells (Ranger, Stampede and Jones) into [Read more]
Cardinal Energy Ltd. Announces 2018 Year-End Reserves
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present its 2018 year end reserves which reinforce our successful 2018 drilling program and the low decline nature of our asset base. RESERVE HIGHLIGHTS (1) Proved Developed Producing ("PDP") reserve additions of 10.7 mmboe replaced 2018 production by 1.4x, predominantly through organic growth and Total Proved plus Probable ("TPP") reserve additions of 12.7 mmboe [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 Mar. 4Business Support Professional - SpanishExxonMobil Business Support Centre Canada ULC (EMBSCC)MonctonMar. 4Senior Accountant, Financial ReportingTransCanadaCalgaryMar. [Read more]
Tourmaline Delivers 2018 Earnings of $401.4 Million, Generates Free Cash Flow and Achieves Record Breaking Q4 Cash Flow of $391.5 Million
CALGARY, March 5, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2018 financial and operating results. HIGHLIGHTS Tourmaline delivered full-year 2018 earnings of $401.4 million ($1.48/diluted share) underscoring the inherent profitability of the core EP business. Annual cash flow(1) for 2018 of $1.3 billion ($4.80/diluted share) which is 8% higher than 2017 cash flow of $1.2 billion ($4.47/diluted share). [Read more]
Three applications for vapour tight tanks
Does your company have these surface equipment applications? 1.Short Term Single Well Battery; OSY Tank Packages are a quick and easy solution to get your well up and running. For both sweet and sour applications. Start production while waiting for a flowline or let the well cleanup before sending it to the battery. Packages include, tank, separator, piping and flare stack. 2. Sour Single Well Battery; If you have sensitive neighbours these tanks hold pounds of pressure and [Read more]
Exxon raises production forecast in Texas and New Mexico
DALLAS - Exxon Mobil is boosting its projected growth of oil and gas production in the Permian Basin and says the field can be profitable even at lower crude prices. The company said Tuesday that as soon as 2024 it expects to produce the equivalent of more than 1 million barrels of oil per day in the basin, which straddles western Texas and New Mexico, up from a forecast of 600,000 barrels by 2025. Exxon has 48 drilling rigs in the basin and plans to raise that to 55 by year-end. [Read more]
Altura Energy Inc. Announces 2018 Reserves, an Operational Update and 2019 Guidance
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Company") (TSX-V: ATU) is pleased to announce the results of the independent evaluation of the Company's oil and natural gas reserves (the "McDaniel Report"), effective December 31, 2018, as prepared by McDaniel and Associates Consultants Ltd. ("McDaniel"), an operational update and 2019 guidance. Altura’s audit of its 2018 annual financial statements is not yet complete and accordingly all financial [Read more]
New CAPL Course (1st of a Series of 4) – Acquisitions & Dispositions: Technical & Operations
CAPL Bio Keith Carr has spent nearly four decades working in the oil and gas industry and has been sharing his knowledge and enthusiasm with students for many years. His experience spans many of the technical disciplines including geology, drilling, completion, production engineering and facility design, construction and operation. Keith has worked with both conventional and unconventional resources. In 2006, Keith took on a role as an instructor and continues with this today. One of the [Read more]
Noem offers bills aimed at possible Keystone XL protests
PIERRE, S.D. - South Dakota Gov. Kristi Noem said Monday that she's proposing legislation before construction begins on the Keystone XL oil pipeline that would create a way to go after out-of-state money that funds pipeline protests. The legislation would let the state follow such money and "cut it off at the source," the Republican governor said in a statement. Noem would also set up a fund to cover extraordinary law enforcement costs that could come with intense pipeline opposition. [Read more]