MKS Investments Ltd. (“MKS”) has been selected as the Canadian representative for the SAGD R&D project funded by the Ministry of Land and Transportation of Korea. MKS is looking for a Canadian partner company which plans to develop its oil sands/heavy oil asset together with the Korean research team. The scope of the project is to design and construct a 300 barrels per day (bpd) pilot scale plant including production, gathering, separation, water treatment, and partial reforming [Read more]
Headlines
Paramount Resources Ltd. announces second quarter 2022 results, updated guidance, complementary asset acquisition and non-core infrastructure disposition
CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its second quarter 2022 financial and operating results, updated guidance, a highly complementary $68.5 million Duvernay acquisition in its Willesden Green core area and a $63.0 million non-core infrastructure disposition. HIGHLIGHTS Sales volumes in July 2022 averaged an estimated 92,000 Boe/d (45% liquids) as production ramped-up following major turnarounds at third-party processing [Read more]
Source Rock Royalties engages Brisco Capital Partners for investor relations services
CALGARY, AB - Source Rock Royalties Ltd. ("Source Rock")(TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces that effective August 1, 2022, it has engaged Brisco Capital Partners Corp. ("Brisco") to provide marketing and investor relations services (the "Services") to assist Source Rock with expanding investor awareness of its business and actively communicating with the investment [Read more]
NuVista Energy Ltd. announces record financial and operating results
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting financial and operating results for the three and six months ended June 30, 2022, and to provide a number of updates which demonstrate continued material advancement of our Pipestone and Wapiti Montney development. Commodity prices in 2022 have remained volatile but strong. Adjusted funds flow and production growth continues to set new records, well returns are very high, rapid [Read more]
XI Technologies: August 2022 Alberta Expiring Land Report
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. XI Technologies looks 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 drilling activity is most [Read more]
Tidewater Midstream announces exercise of over-allotment option and cancellation of second lien credit facility
CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX: TWM) announces that its syndicate of underwriters (the "Underwriters") led by CIBC Capital Markets, National Bank Financial, RBC Capital Markets and ATB Capital Markets Inc. have fully exercised their over-allotment option (the "Over-Allotment Option") to acquire an additional 6,312,000 units ("Units") at a price of $1.20 per Unit for additional gross proceeds of $7,574,400. The Over-Allotment [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. 2 Excavator Operator Strike Group Projects Aug. 2 Accounting Administrator Roska DBO Calgary Jul. 29 Electrical Technologist Pembina North [Read more]
Heavy crude discount narrows as new trade cycle gets underway
The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark narrowed on Tuesday, the first day of the monthly Canadian crude trading window. Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, last traded at $19.90 a barrel below WTI, according to NE2 Group, narrowing $1.10 from the previous settlement. Light synthetic crude from the oil sands for August delivery traded at $7.50 a barrel over WTI, according to an industry [Read more]
Gibson Energy announces 2022 second quarter results
CALGARY, AB - Gibson Energy Inc. announced today its financial and operating results for the three and six months ended June 30, 2022. "We are pleased to report another solid quarter from both an operational and financial perspective, with both the Infrastructure and Marketing segments performing in-line with our expectations," said Steve Spaulding, President and Chief Executive Officer. "Beyond our consistent financial results in the first half of 2022, we are pleased to have placed the [Read more]
U.S. shale producers keep eyes on returns, even as inflation bites
Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services. The decision likely will hold down oil output increases while benefiting shareholders receiving higher payouts through dividends and share repurchases with U.S. crude prices above $95 per barrel. Devon Energy this week raised its capital spending budget about 6% to between $2.2 billion to $2.24 billion, in [Read more]