Solve Challenges Across Soft Sub grades. Hwy 881, Encana By-Pass Road AB, Canada Project Background and Challenges In late 2016, Harvest Energy’s construction consultant, Drifter, was faced with rehabilitating and upgrading an existing access road to handle the rigors of a new plant expansion and commissioning. The modifications were being made to Harvest Operations Black Gold In-Situ Thermal SAGD plant located south of Conklin, AB. The existing Encana By-pass road was 11.5 KM (7.1 [Read more]
Headlines
XI Technologies: Lack of critical mass could drive Junior divestitures in 2019
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here A recent article announcing the offering of a corporate/asset divestiture by Wolf Coulee Resources Inc. may be a sign of things to come as the Canadian oil and gas industry continues to adjust to difficult market conditions. As [Read more]
Petrocapita Announces Commencement of A Strategic Alternatives Process
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Petrocapita Income Trust (CSE:PCE.UN) (“Petrocapita”, the “Company”, or the “Trust”) announces that further to the press release dated December 21, 2018 it has commenced a public strategic alternatives process. Petrocapita is open to all alternatives which include, but are not limited to, a sale of the Company for cash, a merger of the Company with another oil and natural gas entity, or a sale of some or all of the Company’s assets. Any [Read more]
Pine Cliff Energy Ltd. Announces 2019 Guidance and 2018 Year-End Reserves
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce 2019 guidance and 2018 year-end reserves. 2019 Guidance Pine Cliff’s Board of Directors has approved a 2019 capital budget of $10.0 million that will be funded from adjusted funds flow. Pine Cliff intends to spend approximately $1.9 million drilling four (0.4 net) wells in the liquids rich Edson area of Alberta, $1.7 million drilling one (0.6 net) oil [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 Feb. 11 Bench Fitter Strike Group Crossfield Feb. 11 Lead Operator Roska DBO Grande Prairie Feb. 11 Field Operator Roska DBO Dawson Creek Feb. [Read more]
Cequence Energy Announces Operations Update and Executive Appointment
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to provide an operational update and announce an Executive Management change at the Company. Operations Update: Field production for the 2018 calendar year averaged approximately 6,490 boe/d (23% liquids), with January 2019 field estimates averaging 5,900 boe/d (27% liquids). The Company’s recent two gross, two net Dunvegan oil wells that were drilled and completed in [Read more]
Pieridae Energy Limited Announces Private Placement
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) --Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by KES 7 Capital Inc. (“KES 7”), National Bank Financial Inc. (“NBF”), and Laurentian Bank Securities Inc. with KES 7 and NBF acting as joint book runners, in connection with a commercially reasonable efforts agency private placement of up to 7,500,000 common shares at a price of $2.00 per [Read more]
Chinook Energy Inc. Announces Its Unaudited 2018 Year End Results and Reserves
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("Chinook" or the "Company") (TSX: CKE) today announced its unaudited 2018 year end results and the results of its year end reserve evaluation effective December 31, 2018 as prepared by its independent evaluator. Chinook's audit of its 2018 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news release are unaudited and represent management's estimates. [Read more]
$300K in damage: Calgary men charged after copper wire thefts from oilwell sites
CALGARY - Two Calgary men face multiple charges after thefts of copper wire and tools at several rural oilwell sites. Police say about $300,000 in damage was caused by thieves who cut the wire out of buildings. The Calgary Police Service says it worked with RCMP to track, locate and arrest two suspects. Pieces of unstripped copper wire and heavy equipment tools, including bolt cutters and power tools, were found in a vehicle. Brian Tanner, who is 43, and Jonathan [Read more]
Encana and Newfield’s strategic combination receives shareholder approvals
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) and Newfield Exploration Company (Newfield) (NYSE: NFX) announced that the proposals necessary for the companies’ planned strategic combination were approved at the special shareholder meetings held today. The transaction will create North America’s premier resource company. The transaction is expected to close on February 13, 2019, subject to satisfaction of remaining customary closing conditions. [Read more]