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. M&A announcements continue to dominate the headlines in the oil and gas industry with 6 more announced in July alone. As the premier tool for scoping and evaluating corporate and asset A&D opportunities, we are pleased to [Read more]
Headlines
InPlay Oil Corp. announces second quarter 2021 financial and operating results highlighted by record production and increased production and funds flow guidance
CALGARY, Alberta - 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, 2021. 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, 2021 will be available at www.sedar.com and our website at www.inplayoil.com. Second Quarter 2021 Financial & Operating [Read more]
Elite would like to introduce their pumping equipment lineup out of their stations in Medicine Hat and Red Deer
Elite pumping service LTD is proud to announce that they now have C & A Pumpers, crewed up and stationed out of Medicine Hat and Red Deer. They are also working on setting up a Grand Prairie station in the near future. They have a variety of Pumping equipment to 15 K for cement, acid, pressure trucks and portable silos. As a division of Pat’s Off-Road Transport Ltd they have all our certifications and safety in place and available on request. They are rigged up with responsible crews and [Read more]
Pipestone Energy Corp. reports record second quarter 2021 results and provides an operations update
CALGARY, Alberta - (PIPE – TSX) -- Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q2 2021 financial and operational results, as well as provide an update on its operations. During Q2 2021, Pipestone delivered record quarterly production and cash flow, underpinned by the continued efficient execution of its organic development program. The Company remains on track to generate free cash flow beginning in Q4 2021, with forecast annual free cash flow of $95 million [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. 10 Experienced Pipefitters and Oilfield Labourers Roska DBO Grande Prairie Aug. 10 Customer Service Representative Roska DBO Grande Prairie Aug. 9 Junior [Read more]
Heavy crude discount narrows
Canadian heavy crude's discount to West Texas Intermediate (WTI) narrowed on Tuesday: Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, settled at $13.30 per barrel below the WTI benchmark, according to NE2 Canada Inc, narrower than Monday's settlement of $13.55 per barrel below U.S. crude futures. Expectations that Enbridge Inc's Line 3 replacement could be in service by October are narrowing differentials, but rising Alberta oil inventories are a [Read more]
Freehold Royalties Ltd. announces second quarter 2021 results, three value enhancing acquisitions and increases dividend by 25%
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2021. Operating and Financial Highlights Three Months Ended June 30 Six Months Ended June 30 FINANCIAL ($000s, except as noted) 2021 2020 Change 2021 2020 Change Royalty and other revenue 44,925 14,758 204 % 81,670 41,042 99 % Net income [Read more]
Ksi Lisims LNG – Natural gas liquefaction and marine terminal Pproject – public comment period & virtual information sessions
OTTAWA, ON - Nisga'a Nation, Rockies LNG Limited Partnership and Western LNG LLC are proposing to jointly develop a floating natural gas liquefaction facility and marine terminal located at Wil Milit on Pearse Island on the northwest coast of British Columbia. The Ksi Lisims LNG – Natural Gas Liquefaction and Marine Terminal Project would produce up to 12 million tonnes per year of liquefied natural gas during an expected project life of at least 30 years. Comments Invited The project is [Read more]
Oil recovers after hitting three-week low amid surging COVID-19 cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand. U.S. West Texas Intermediate (WTI) crude was up by 66 cents, or 0.98%, at $67.54 a barrel, having fallen by 2.6% in the previous session. Brent crude was up by 74 cents, or 1.07%, at $69.93 a barrel after falling 2.3% on Monday. China on Monday reported more COVID-19 infections in the [Read more]
TransAlta reports outstanding second quarter 2021 results and increases annual guidance
CALGARY, AB, Aug. 10, 2021 /CNW/ Second Quarter 2021 Highlights Comparable EBITDA(1) of $302 million, an increase of $85 million or 39 per cent compared to the same period in 2020 Free cash flow ("FCF")(1) of $138 million or $0.51 per share compared to $91 million or $0.33 per share, a 52 per cent increase over the same period in 2020 Hydro segment delivered $96 million of comparable EBITDA, an increase of $67 million compared to the same period in 2020 Alberta Thermal segment [Read more]