“Show Me The Money!” is the iconic 90’s catch phrase from the movie ‘Jerry Maguire.' This line also comes to mind when we examine the frac water management opportunity that is unfolding in the East Duvernay Shale Basin. At Connate Water Solutions, in addition to hydrogeology consulting, we internally generate groundwater prospects in areas of high operator demand. Our focus is currently on the shallow bedrock hydrogeology of the emerging Twining/Ghostpine area (Figure 1). As we compile our [Read more]
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Two arrested following Trans Mountain pipeline protest in Coquitlam, B.C.
COQUITLAM, B.C. - Two people have been arrested following a protest against the Trans Mountain pipeline in Coquitlam, B.C. RCMP say nine people were peacefully protesting Thursday but police were called in when the protesters began blocking equipment and highway traffic. Protesters said in an email that they "physically intervened" and forced construction to a halt on the Trans Mountain pipeline. RCMP say in a news release that a 22-year-old woman, who locked herself to a [Read more]
Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth
CALGARY, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX:CR) of Calgary, Alberta (“Crew” or the “Company”) is pleased to provide highlights from our independent corporate reserves evaluation prepared by Sproule Associates Ltd. (“Sproule”) with an effective date of December 31, 2017 (the “Sproule Report”) along with the Company’s 2018 capital expenditure budget, approved by Crew’s Board of Directors. 2018 BUDGET HIGHLIGHTS Fully Funded $80 to $85 Million Capital Budget: [Read more]
Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt
CALGARY, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) -- (TSX:EGL): Eagle Energy Inc. (“Eagle”) is pleased to announce that it has sold its oil and gas interests in the Salt Flat field (the “Salt Flat Field”) located in Caldwell County, Texas for approximately $CA 33.3 million cash, subject to customary post-closing adjustments. The transaction is being simultaneously announced and closed with a private, unaffiliated U.S. company. Eagle will use the net proceeds from the sale of the Salt Flat [Read more]
ARC Resources Ltd. Announces Record 320 Per Cent Replacement of Produced Reserves Through Development Activities in 2017
CALGARY, Feb. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its 2017 year-end reserves and resources information. "2017 marks ARC's largest addition of development reserves in our company's history, having added 145 MMboe of proved plus probable reserves, and replacing 320 per cent of 2017 produced reserves," stated Myron Stadnyk, President and CEO. "Our Montney assets in northeast British Columbia are becoming increasingly significant to our liquids portfolio, [Read more]
ARC Resources Ltd. Reports Record Annual Production and Record Increase to Oil and Gas Reserves
CALGARY, Feb. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2017 financial and operating results. Fourth quarter production averaged 133,409 boe per day, net income was $73.9 million ($0.21 per share), and funds from operations totaled $221.1 million ($0.63 per share). ARC's consolidated financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2017 [Read more]
Conservatives React to Liberal Government’s Environmental and Regulatory Changes
Ottawa, ON – Today, Conservative Shadow Minister for the Environment and Climate Change, the Hon. Ed Fast and Shannon Stubbs, Conservative Shadow Minister for Natural Resources, responded to the release of the Liberals’ proposed Impact Assessment Act and the Canadian Energy Regulator Act. “Since the Liberals were elected in 2015, major capital investments in Canada’s resource sector have significantly declined due to regulatory uncertainty,” said MP Fast. “Now the Liberals are proposing the [Read more]
N.S. has no intention of removing fracking ban ‘at this point,’ premier says
HALIFAX - Nova Scotia's premier moved Thursday to clarify remarks he made to a business audience about the province's ban on hydraulic fracturing. Earlier this week, Stephen McNeil told the Halifax Chamber of Commerce that if a community decides it will give a "social licence" to initiate fracking, the province would be "happy to join them." The premier appeared to be signalling his intention to eventually lift the ban, but on Thursday he dialled back his response. "Let me be clear, [Read more]
B.C. already seeking new markets for wine in Asia, U.S.: Premier John Horgan
VANCOUVER - Premier John Horgan says he plans to intensify efforts to find new markets for B.C. wine, which was already being done before Alberta's ban over the Trans Mountain pipeline. Horgan said he promoted the industry during a recent trip to China, South Korea and Japan, and he plans to discuss increasing the province's market share south of the border on a trip to Washington state next month. "We are defending industries right now," Horgan said Thursday. "We've made it [Read more]
Kinder Morgan Canada set to fight back in pipeline battle
Kinder Morgan Canada Ltd is gearing up for a legal fight over British Columbia's plans to block increased oil shipments through the western Canadian province, as it questions the intent of the proposed rules which could further delay its Trans Mountain pipeline expansion project. In a five-page letter from Kinder Morgan Canada's President Ian Anderson to British Columbia Premier John Horgan, sent on Tuesday and seen by Reuters on Thursday, Anderson questioned the province's [Read more]