CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company (the “Agreement”) as set out in the Company’s press release dated March 7, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented “With the [Read more]
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Column: An open letter to a sociology professor demonizing the petroleum industry in the media – your aggression will not stand
To: Dr. Jason Carmichael, Associate professor of sociology, McGill University Dr. Carmichael, A friend forwarded me your recent interview on Global TV, where you discussed research on petroleum industry advertising. Normally I don’t watch such news items, but after doing so, I thought your research was worth commenting on since it reached such a wide audience, one that in general is not aware of petroleum industry issues, and may therefore form opinions based on seemingly authoritative [Read more]
XI Technologies: Open Asset Evaluation for January 2020
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. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [Read more]
New Rex Oil Opportunity on PrairieSky Lands Available for Leasing
PrairieSky Royalty has identified over 40 potential horizontal locations targeting Rex-aged Upper Mannville sands in the Westerose area of Central Alberta. Prospective lands are analogous to recent horizontal activity targeting the Rex in the Wizard Lake and Leduc-Woodbend fields. 29° API oil has been produced from the Rex in the Westerose area, as noted in tour reports and pool data for the 102/16-32-044-03W5 horizonal well. 2D Seismic data is also available for viewing over high-graded [Read more]
Producing Alberta mineral interests for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Sproule releases 2020 report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada
Sproule releases a special report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada. This report outlines the recent changes to the Canadian Oil & Gas Evaluation Handbook (COGEH) with respect to the inclusion of Abandonment, Decommissioning and Reclamation Costs (ADR) in a reserves report and provides insight into how Sproule’s evaluators will follow the guidance on a go-forward basis. For more information or to download the report, [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 Jan. 21 FIELD SALES, PIPELINE & INDUSTRIAL SERVICES Trican Well Service Ltd. Calgary Jan. 20 Class 1 & 3 Drivers Vertex Fort McMurray Jan. 20 Capacity [Read more]
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko development program which continues to demonstrate encouraging results. Pekisko Development Program Update Pine Cliff's first horizontal oil well ("13-33") targeting the Pekisko formation in Central Alberta came on production on January 18, 2019, and has averaged 249 Boe/d (111 Bbl/d oil, 27 Bbl/d natural gas liquids and 666 Mcf/d natural gas) through the [Read more]
Indigenous LNG supporters chide human rights advocates over pipeline comments
BURNS LAKE, B.C. - A collective of First Nations who support the liquefied natural gas industry in British Columbia say human rights advocates failed to do their research when they called for a pipeline project to be halted. The First Nations LNG Alliance has issued open letters to the B.C. human rights commissioner and the United Nations Committee to End Racial Discrimination over statements they made about the Coastal GasLink project. They called for the project to be stopped in the face [Read more]
Obsidian Energy Provides Year-end 2019 Production and Reconfirmation of Existing Credit Facility
CALGARY, Jan. 21, 2020 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Full Year 2019 Production Full year 2019 production was 26,900 boe/d, within our recent full year guidance range of 26,750 to 27,250 boe/d. Additionally, production in the fourth quarter of 2019 was approximately 26,600 boe/d, [Read more]